Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Insiders at SPX Corporation and Lehigh Gas Partners Buy Shares of Company Stock

By

Plus, there were purchases at Park City and Independent Bank.

PrintPRINT
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 Friday, August 30, 2013.

Notable Purchases:
  • The San Diego-based activist investment fund Relational Investors bought 252,844 shares of global multi-industry manufacturer SPX Corporation (NYSE:SPW) for $18,708,672.
  • Ronald Hodge, a director of software-as-a-service provider Park City (NYSEMKT:PCYG), bought 155,039 shares of company stock for $1,000,002. Another director at the company, Robert Allen, bought 77,519 shares for $499,998.
  • Stacy Smith, a director at bank holding company Independent Bank (NASDAQ:IBTX), bought 11,087 shares of company stock for $378,699.
  • At wholesale motor fuels distributor Lehigh Gas Partners (NYSE:LGP), Robert Wiss, a director, bought 10,000 shares of company stock fro $271,404 while Director John Malloy bought 9,724 shares for $263,422.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
B
$38,568,264
2
BO
B
$18,708,672
3
DIR
JB*
$1,000,002
4
DIR
JB*
$499,998
5
DIR
B
$378,699
6
DIR
B
$271,404
7
DIR
B
$263,422
8
BO
JB*
$249,064
9
PR,CEO,DIR
B
$175,356
10
CEO
B
$129,500

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

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
S
$11,811,229
2
BO
S
$6,225,408
3
DIR
S
$4,760,140
4
DIR,BO
S
$3,525,000
5
DIR
S
$3,414,603
6
CFO
S
$1,565,186
7
CB,CEO,DIR
S
$1,150,170
8
DIR
S
$1,010,308
9
CFO
AS
$946,179
10
VP,CFO
S
$863,000

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."
< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE