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Insider Trading: Sanchez Energy Buys Shares of Constellation Energy Partners

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Plus, purchases at MVC Capital, Revett Mining Company, and PMC Commercial Trust.

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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:
  • The independent natural gas and oil exploration and production company Sanchez Energy (NYSE:SN) bought 899,443 shares of onshore oil and natural gas development and production company Constellation Energy Partners (NYSEARCA:CEP) for $1,818,814.
  • Robert Knapp, a director at nondiversified, closed-end management investment company MVC Capital (NYSE:MVC), bought 25,000 shares of company stock for $338,500.
  • Timothy Lindsey, a director at silver and copper mining company Revett Mining Company (NYSEMKT:RVM), bought 320,512 shares of company stock for $249,999.
  • Richard Ressler, a director at real-estate investment trust PMC Commercial Trust (NASDAQ:PMCT), bought 52,800 shares of company stock for $242,424.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JB*
$1,818,814
2
BO
JB*
$1,245,144
3
CB,CEO,DIR
JB*
$650,000
4
BO
B
$543,030
5
DIR
B
$338,500
6
DIR
JB*,B
$301,513
7
DIR
JB*
$260,000
8
DIR
JB*
$249,999
9
DIR,BO
AB
$242,424
10
BO
B
$175,534

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JS*
$140,759,104
2
BO
JS*
$71,423,272
3
CEO,DIR,BO
JS*
$26,311,027
4
CB,CEO
AS
$5,700,000
5
CEO,DIR,BO
S
$5,130,000
6
CB,CEO,BO
AS
$3,429,000
7
CEO,TO
AS
$2,643,437
8
DIR
AS
$2,309,122
9
CB,CEO
AS
$2,300,000
10
CEO,DIR
S
$2,264,000

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."
No positions in stocks mentioned.
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