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Insiders at Opko Health, Cosi, and Marlin Midstream Buy Shares

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Plus, there was a purchase at Ares Dynamic Credit Allocation Fund.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:

  • Phillip Frost, Chairman and CEO of multinational pharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 19,000 shares of company stock for $181,065.
  • Ares Capital Management II bought 9,700 shares of non-diversified, closed-end management investment company Ares Dynamic Credit Allocation Fund (NYSE:ARDC) for $174,702. Ares Capital Management II, an affiliate of Ares Management LLC, serves as the fund's investment advisor.
  • The independent investor Lloyd Miller III bought 63,886 shares of franchise restaurant chain Cosi (NASDAQ:COSI) for $140,549.
  • Keith Maxwell, a director at midstream energy assets Marlin Midstream (NASDAQ:FISH), bought 7,500 shares of company stock for $134,058.

For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
B
$524,157
2
DIR,BO
JB*
$301,790
3
CEO,CB,BO
B
$181,065
4
O
B
$174,702
5
BO
B
$140,549
6
DIR,BO
B
$134,058
7
BO
B
$106,778
8
O
B
$85,300
9
DIR
B
$84,903
10
PR,CEO
B
$84,524

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JS*
$49,896,000
2
DIR
AS
$21,245,486
3
DIR,BO
AS
$20,023,340
4
CEO,DIR
AS
$8,890,357
5
VP,OO
AS
$4,255,004
6
BO
S
$3,722,047
7
VP
AS
$2,745,144
8
DIR,BO
AS
$2,511,818
9
BO
S
$1,327,430
10
VP,HR
S
$1,188,165

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."
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No positions in stocks mentioned.
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