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Stocks: Bill Gross Buys Shares of Pimco Funds; Phillip Frost Buys Shares of Opko Health

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Plus, a purchase at Oiltanking Partners.

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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:
  • William Gross, co-founder of Pimco, bought 131,391 shares of the non-diversified, closed-end management investment company Pimco Dynamic Income Fund (NYSE:PDI) for $4,080,624. Gross also bought 139,239 shares of Pimco Dynamic Credit Income Fund (NYSE:PCI), which is also a non-diversified, closed-end management investment company.
  • Phillip Frost, Chairman and CEO of multinational biopharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 26,900 shares of company stock for $247,547.
  • Kenneth Owen, CEO of Oiltanking Partners (NYSE:OILT), bought 1,500 shares of company stock for $116,722. The company specializes in terminaling, storing, and transporting crude oil, refined petroleum products, and liquefied petroleum gas.

For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
O
B
$4,080,624
2
O
B
$3,149,308
3
CEO,CB,BO
B
$247,547
4
DIR,BO
B
$195,000
5
CEO,DIR,BO
B
$157,145
6
CEO,DIR
AB
$116,722
7
CEO,DIR,BO
AB
$89,320
8
PR
B
$38,996
9
CB,CEO
AB
$38,775
10
BO
B
$38,760

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO,DIR,BO
JS*
$3,158,798
2
CEO,DIR,BO
AS
$3,032,034
3
BO
S
$2,540,000
4
DIR
AS
$1,624,839
5
O
M
S
$1,512,925
6
CEO,DIR,BO
AS
$1,384,427
7
BO
S
$1,363,500
8
CB,CEO
AS
$1,101,036
9
DIR
S
$1,022,980
10
VP
S
$930,113

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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