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Stocks: Marubeni Buys Aircastle; Blackstone Sells SeaWorld

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Plus, purchases at Putnam Premier Income Trust and Old Second Bancorp.

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

Notable Purchases:
  • The Japanese trading company Marubeni (OTCMKTS:MARUY) bought 30,000 shares of commercial jet aircraft company Aircastle (NYSE:AYR) for $565,800.
  • William Kohli, cohead of fixed income at Putnam Investments, bought 75,000 shares of nondiversified, closed-end management investment company Putnam Premier Income Trust (NYSE:PPT) stock for $413,250.
  • Edward Bonifas, a director at bank holding company Old Second Bancorp (NASDAQ:OSBC), bought 68,181 shares of company stock for $299,996.
Notable Sale:
  • Blackstone Holdings III, a subsidiary of private capital manager and financial advisory services provider The Blackstone Group (NYSE:BX), sold 19,000,000 shares of theme park and entertainment company SeaWorld Entertainment (NYSE:SEAS) for $548,625,008.

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
$565,800
2
O
B
$413,250
3
CEO,DIR
JB*
$349,999
4
DIR
JB*
$299,996
5
BO
AB
$292,041
6
DIR
JB*
$199,998
7
DIR
B
$143,690
8
CEO
B
$133,556
9
VP,OO
B
$121,313
10
O
B
$103,080

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$548,625,008
2
BO
JS*
$28,099,998
3
DIR
AS
$17,212,088
4
VP
AS
$2,224,294
5
DIR,BO
AS
$2,073,102
6
DIR,BO
AS
$2,049,590
7
CTO,DIR
AS
$1,827,749
8
DIR
AS
$1,425,122
9
CTO
AS
$1,396,750
10
VP,SEC
S
$920,095

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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