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Insider Stock Trading: Bill Gross Buys Shares of Pimco Fund; GrubHub Sees a Purchase

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Plus, purchases at RCS Capital 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:
  • Bill Gross, co-founder of Pimco, bought 87,848 shares of the non-diversified, closed-end management investment company Pimco Dynamic Income Fund (NYSE:PDI) for $2,754,606.
  • Lloyd Frink, a director at online and mobile platform for restaurant pickup and delivery orders GrubHub (NYSE:GRUB), bought 77,000 shares of company stock for $2,002,000.
  • Nicholas Schorsch, Chairman of holding company RCS Capital (NYSE:RCAP), bought 20,000 shares of company stock for $638,817.
  • CIM Service Provider, a subsidiary of urban real estate and infrastructure investment firm CIM Group, bought 42,000 shares of real estate investment trust PMC Commercial Trust (NASDAQ:PMCT) for $194,496. 
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
O
B
$2,754,606
2
O
B
$2,305,150
3
DIR
JB*
$2,002,000
4
CB,DIR,BO
B
$638,817
5
DIR,BO
B
$564,498
6
BO
AB
$194,496
7
CEO,CB,BO
B
$189,229
8
DIR
B
$178,110
9
DIR
B
$149,239
10
CEO,DIR,BO
B
$114,020

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
S
$26,017,600
2
CEO,DIR
S
$2,889,737
3
VP,SO,PT
AS
$2,208,240
4
VP
AS
$1,263,705
5
CEO,DIR
AS
$996,289
6
DIR
JS*
$750,000
7
CB,CEO,BO
AS
$618,450
8
DIR
AS
$558,814
9
VP
AS
$427,743
10
CFO,SEC,TR
AS
$412,574

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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