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Top Insider Trades: Liberty Media Increases Stake in Live Nation, and Three Major Buys at Allscripts

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Plus, purchases at AngioDynamics and Hillenbrand; sales at Hertz, FleetCor, and 3D Systems.

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, March 13, 2013 as ranked by dollar value.

Please note, however, that these are factual lists, 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.

In insider purchases, Liberty Media (NASDAQ:LMCA), a Director of Live Nation Entertainment (NYSE:LYV), bought $19,380,000 worth of stock in the live entertainment company. At AngioDynamics (NASDAQ:ANGO), which designs, manufactures, and markets medical, surgical, and diagnostic devices, Director Vincent Bucci bought $915,800 worth of company stock. There were three insider purchases at Allscripts Healthcare Solutions (NASDAQ:MDRX), with Director David Stevens buying $504,484 worth of company stock, Director Dennis Chookaszian buying $501,200 worth of company stock, and President and CEO Paul Black buying $299,801 worth of company stock. Joseph Loughrey, a Director of business-to-business products and services company Hillenbrand (NYSE:HI), bought $294,162 worth of company stock.

In insider sales, Apollo Management Holdings GP LLC, a Beneficiary Owner of entertainment, information, and communications solutions company Charter Communications (NASDAQ:CHTR), sold $551,719,360 worth of company stock, while Director Oaktree Opportunities Investments, LP sold $275,859,648 worth of company stock. At car and equipment rental company Hertz Global (NYSE:HTZ), Clayton Dubilier & Rice Fund VII LP, a Beneficiary Owner, sold $280,130,112 worth of company stock. At FleetCor Technologies (NYSE:FLT), Director Andrew Balson sold $159,547,408 worth of company stock while Partner and Beneficiary Owner Summit Partners sold $105,825,000 worth of company stock. Charles Hull, the Vice President and CTO of 3D printing company 3D Systems (NYSE:DDD), sold $16,285,100 worth of company stock.

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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
B
$19,380,000
2
DIR
B
$915,800
3
DIR
B
$504,484
4
DIR
B
$501,200
5
CEO,PR,DIR
B
$299,801
6
DIR
B
$294,162
7
DIR
B
$239,985
8
BO
JB*
$203,022
9
CEO,CB,BO
B
$175,751
10
VP,FO,BO
B
$174,000

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
BO
JS*
$551,719,360
2
BO
JS*
$280,130,112
3
DIR
JS*
$275,859,648
4
BO
JS*
$250,740,000
5
DIR
JS*
$159,547,408
6
PT,BO
JS*
$105,825,000
7
CEO,DIR,BO
AS
$34,391,216
8
DIR
JS*
$30,090,000
9
VP,CTO,DIR
S
$16,285,100
10
DIR
S
$13,930,000

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

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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