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Insiders at Kinder Morgan and Digital Generation Buy Shares

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Plus, there were purchases at Vitesse Semiconductor and Newcastle Investment Corp.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, June 24, 2013.

Notable Purchases:
  • Richard Kinder, the Chairman and CEO of Kinder Morgan Inc (NYSE:KMI), bought 500,000 shares of company stock for $17,887,600.
  • William Martin, the founder of small- to mid-cap public equity focused hedge fund Raging Capital Management, bought 3,900,000 shares of communications integrated circuits company Vitesse Semiconductor (NASDAQ:VTSS) for $8,385,000.
  • Alex Meruelo, a Director of ad management and distribution platform company Digital Generation Inc (NASDAQ:DGIT), bought 467,000 shares of company stock for $3,032,955.
  • Randal Nardone, a Director of real estate investment and finance company Newcastle Investment Corp. (NYSE:NCT), bought 250,000 shares of company stock for $1,242,500.
For more insider trades, please see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,CEO,BO
B
$17,887,600
2
BO
JB*
$8,385,000
3
BO
JB*
$3,675,015
4
BO
B
$3,032,955
5
DIR
JB*
$2,485,000
6
DIR
B
$2,025,000
7
DIR
JB*
$1,242,500
8
DIR
B
$1,086,236
9
BO
B
$914,000
10
DIR
B
$630,093

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
$35,265,324
2
BO
S
$9,627,327
3
CB,CEO,DIR
S
$5,668,475
4
BO
S
$4,855,111
5
DIR
S
$3,367,390
6
CB,DIR
AS
$3,342,740
7
VP,CFO,COO
S
$2,285,154
8
BO
AS
$2,270,499
9
VP
AS
$997,542
10
DIR
AS
$907,817

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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