business news
Insiders at International Speedway and Accelrys Buy Shares
By
Jonathan Moreland
Oct 09, 2013 11:05 am
Plus, there were purchases at American Independence Corp. and Guggenheim Credit Allocation Fund.
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Welcome to our daily roundup of top insider trades. Here's a look at the most significant insider purchases recently filed with the SEC.
Notable Purchases:
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."
Notable Purchases:
- The life and health insurance holding company Independence Holding Company (NYSE:IHC) bought 762,640 shares of health insurance and reinsurance company American Independence Corp. (NASDAQ:AMIC) for $7,626,400. Both companies belong to the IHC Group, an organization of insurance carriers, as well as marketing and administrative affiliates, that provides life, health, disability, dental, vision, and medical stop-loss insurance solutions.
- The motorsports entertainment facilities and motorsports events promoter International Speedway Corporation (NASDAQ:ISCA) saw two insider purchases: Chairman and CEO James France and President and Vice Chairman Lesa Kennedy both bought 7,000 shares for $233,718 each.
- Investment firm RGM Capital bought 21,100 shares of scientific informatics company Accelrys (NASDAQ:ACCL) for $200,292.
- Randall Barnes, an independent trustee of diversified, closed-end management investment company Guggenheim Credit Allocation Fund (NYSE:GGM), bought 7,500 shares of company stock for $175,225.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
JB*
|
$7,626,400
|
|||
|
2
|
BO
|
B
|
$3,497,799
|
|||
|
3
|
DIR,BO
|
B
|
$530,088
|
|||
|
4
|
CB,CEO,BO
|
JB*
|
$233,718
|
|||
|
5
|
PR,VCB,BO
|
JB*
|
$233,718
|
|||
|
6
|
BO
|
B
|
$200,292
|
|||
|
7
|
TT,DIR
|
B
|
$175,225
|
|||
|
8
|
TT
|
B
|
$87,750
|
|||
|
9
|
DIR,BO
|
B
|
$72,820
|
|||
|
10
|
DIR,BO
|
B
|
$59,783
|
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
S
|
$6,305,289
|
|||
|
2
|
BO
|
S
|
$2,517,256
|
|||
|
3
|
BO
|
AS
|
$2,450,000
|
|||
|
4
|
DIR
|
AS
|
$1,554,000
|
|||
|
5
|
CB,DIR,BO
|
S
|
$1,549,131
|
|||
|
6
|
DIR
|
AS
|
$948,333
|
|||
|
7
|
DIR
|
S
|
$858,179
|
|||
|
8
|
BO
|
S
|
$555,462
|
|||
|
9
|
CEO,DIR
|
AS
|
$481,686
|
|||
|
10
|
DIR
|
AS
|
$468,278
|
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."
No positions in stocks mentioned.
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