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Insiders at SPX Corporation, Commercial Vehicle Group, and ZAIS Financial Buy Shares

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Plus, there was a purchase at General American Investors.

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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 Thursday, September 5, 2013.

Notable Purchases:
  • The San Diego-based activist invest fund Relational Investors bought 136,576 shares of global, multi-industry manufacturer SPX Corporation (NYSE:SPW) for $10,101,201.
  • Spencer Davidson, Chairman of General American Investors (NYSE:GAM), bought 50,074 shares of company stock for $1,268,871.
  • Arnold Siemer, a director at cab-related products and systems supplier Commercial Vehicle Group (NASDAQ:CVGI), bought 138,300 shares of company stock for $1,024,862.
  • Christian Zugel, Chairman of real estate investment trust ZAIS Financial (NYSE:ZFC), bought 30,000 shares of company stock for $471,500, while Eric Reimer, a member of the board of directors, bought 9,500 shares for $149,240.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$10,101,201
2
CB,CEO,BO
B
$3,001,636
3
CB,DIR
JB*
$1,268,871
4
DIR,BO
B
$1,024,862
5
DIR,BO
B
$1,004,682
6
CB,DIR
B
$471,550
7
DIR
B
$432,600
8
DIR
B
$190,254
9
DIR
B
$149,240
10
DIR
B
$105,871

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
SEC
JS*
$287,182,016
2
CB,CEO,DIR
S
$12,854,244
3
DIR
AS
$7,646,844
4
DIR
N
AS
$6,524,798
5
PR
S
$4,928,095
6
CB,CEO,DIR
S
$3,971,579
7
DIR
S
$3,563,060
8
CEO,DIR
AS
$3,195,375
9
DIR
S
$3,065,577
10
DIR
AS
$2,646,012

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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