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Insiders at BlueLinx and Mosaic Buy Stock and Phillips-Van Heusen CEO Sells Shares

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Plus, a sale at American Public Education.

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Welcome to our daily round-up of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, April 4, 2013.

Purchases: Stephen Feinberg bought 13,486,288 shares of stock in building products distributor BlueLinx Corporation (NYSE:BXC) for $23,601,004. Feinberg is the founder and head of Cerberus Capital Management, which in 2004 purchased assets of the distribution division of Georgia-Pacific and formed BlueLinx Corporation. On March 29, the company announced the completion of a $38.7 million rights offering, with the proceeds going to reduce the company's outstanding balance on its U.S. revolving credit facility. The new shares were issued on April 1 and Cerberus ABP Investor LLC now beneficially owns 54.4% of the company's stock.

Emery Koenig, a Director of phosphate and potash crop nutrients company Mosaic (NYSE:MOS), purchased 2,000 shares of company stock for $116,440. On March 28, the company released 3Q fiscal 2013 results, with EPS rising 26.5% year-over-year to $0.81. However, that figure came in short of the $0.88 per share analyst estimate. Despite missing the estimate, the company shows signs of growth and has been in the news lately for big business ventures: an agreement with Ma'aden and Saudi Arabia's largest non-oil company, Saudi Basic Industries Corp., to develop phosphate production facilities in the country, as well as rumors of a new $700 million ammonia production facility in Louisiana.

Sales: Emanuel Chirico, the Chairman and CEO of dress shirt, sportswear, and footwear manufacturer Phillips-Van Heusen Corporation (NYSE:PVH), sold 30,463 shares of company stock for $3,182,817. The company's last quarterly results from March 28 were excellent, showing a 35% increase in earnings year over year. The $1.60 EPS beat consensus estimates of $1.50. Despite those strong numbers, the stock is down almost 16% since this time last month, perhaps because analysts now expect there will be a 20% lower EBIT contribution from the company's acquisition of Warnaco (NYSE:WRC), which owns Calvin Klein and Speedo, among other brands. Analysts expect the acquisition to dilute 2013 EPS for PVH by $0.25 as compared to earlier estimates of adding $0.30 EPS.

At online higher education company American Public Education (NASDAQ:APEI), Director Vice Chairman of the Board Timothy Weglicki sold 42,700 shares of company stock for $1,482,767. APEI provides online courses focuses on serving the military and public services communities and operates in conjunction with two universities, the American Military University and the American Public University. The stock's price is down almost 6% year to date.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$23,601,004
2
DIR
AB
$23,378,428
3
CEO,CB,BO
B
$1,089,197
4
BO
B
$244,410
5
DIR
B
$116,440
6
DIR
JB*
$50,000
7
VCB,CTO,BO
B
$34,950
8
DIR
B
$26,680
9
DIR
JB*
$25,000
10
PR,CEO,DIR
JB*
$21,716

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
S
$14,554,429
2
CB,CEO,DIR
S
$3,182,817
3
BO
S
$2,783,018
4
CB,PR,CEO
S
$2,497,808
5
CB,CEO,DIR
AS
$2,133,925
6
BO
JS*
$2,104,545
7
DIR
AS
$2,062,000
8
DIR
S
$1,482,767
9
PR,CEO,DIR
AS
$1,250,788
10
VP
AS
$1,153,496

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."

Follow me on Twitter: @JoshWolonick and @Minyanville
No positions in stocks mentioned.
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