business newsIn Insider Trading, Buys From Chief Executives at Opko Health and Kratos Defense, and a Major Sale at Annie's Inc.
By
Josh Wolonick
Mar 21, 2013 11:05 am
Plus, a purchase at GAIN Capital Holdings.
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Welcome to our daily round-up of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Wednesday, March 20.
Purchases: In insider buys, Phillip Frost, the Chairman and CEO of pharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 48,300 shares of company stock, worth $363,403. It was his 39th purchase of company stock since the beginning of 2013. In that interval, Opko's stock price has increased 51.2% and is up 55.88% for the past 52 weeks.
At online trading services provider GAIN Capital Holdings (NYSE:GCAP), the British Virgin Islands incorporated Master Global Assets bought 44,098 shares of company stock, worth $190,874, increasing its total stake to 4,578,788 shares.
Eric DeMarco, CEO of leading national security solutions provider Kratos Defense & Security Solutions (NASDAQ:KTOS), bought 26,627 shares of company stock, worth $124,987. Kratos recently introduced a new SATCOM Cybersecurity Assessment service designed to protect satellites and the companies that use them from the increasing threat of cyber attacks and espionage.
Sales: In insider sales, Molly Ashby, Chairman of the Board at organic and natural food products company Annie's (NYSE:BNNY), sold 3,500,000 shares for $140 million. Ashby is also the Founder, Chairman, and CEO of private equity firm Solera Capital LLC, which took control of Annie's in 2002. Ten years later, she helped elevate the company from a niche market to one of 2012's most successful non-tech IPOs, with a first day stock price increase of 89%. The company's products are on shelves in Target (NYSE:TGT), Costco Wholesale (NASDAQ:COST), and Whole Foods Market (NASDAQ:WFM).
For more, see the tables below, courtesy 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."
Follow me on Twitter: @JoshWolonick and @Minyanville
Purchases: In insider buys, Phillip Frost, the Chairman and CEO of pharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 48,300 shares of company stock, worth $363,403. It was his 39th purchase of company stock since the beginning of 2013. In that interval, Opko's stock price has increased 51.2% and is up 55.88% for the past 52 weeks.
At online trading services provider GAIN Capital Holdings (NYSE:GCAP), the British Virgin Islands incorporated Master Global Assets bought 44,098 shares of company stock, worth $190,874, increasing its total stake to 4,578,788 shares.
Eric DeMarco, CEO of leading national security solutions provider Kratos Defense & Security Solutions (NASDAQ:KTOS), bought 26,627 shares of company stock, worth $124,987. Kratos recently introduced a new SATCOM Cybersecurity Assessment service designed to protect satellites and the companies that use them from the increasing threat of cyber attacks and espionage.
Sales: In insider sales, Molly Ashby, Chairman of the Board at organic and natural food products company Annie's (NYSE:BNNY), sold 3,500,000 shares for $140 million. Ashby is also the Founder, Chairman, and CEO of private equity firm Solera Capital LLC, which took control of Annie's in 2002. Ten years later, she helped elevate the company from a niche market to one of 2012's most successful non-tech IPOs, with a first day stock price increase of 89%. The company's products are on shelves in Target (NYSE:TGT), Costco Wholesale (NASDAQ:COST), and Whole Foods Market (NASDAQ:WFM).
For more, see the tables below, courtesy of Insider Insights.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
JB*
|
$2,567,500
|
|||
|
2
|
CEO,CB,BO
|
B
|
$363,403
|
|||
|
3
|
BO
|
B
|
$190,874
|
|||
|
4
|
BO
|
JB*
|
$156,000
|
|||
|
5
|
PR,CEO,DIR
|
B
|
$124,987
|
|||
|
6
|
BO
|
B
|
$91,476
|
|||
|
7
|
CB,PR,CEO
|
B
|
$70,225
|
|||
|
8
|
DIR
|
B
|
$61,320
|
|||
|
9
|
VP,CFO
|
B
|
$56,700
|
|||
|
10
|
BO
|
JB*
|
$47,006
|
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
DIR,BO
|
JS*
|
$140,000,000
|
|||
|
2
|
BO
|
JS*
|
$102,577,024
|
|||
|
3
|
CB,CEO,BO
|
JS*
|
$32,250,000
|
|||
|
4
|
CB,DIR,BO
|
JS*,S
|
$25,725,600
|
|||
|
5
|
DIR
|
S
|
$17,837,272
|
|||
|
6
|
CEO,CB,DIR
|
JS*
|
$12,064,500
|
|||
|
7
|
VCB,CEO,DIR
|
AS
|
$9,951,022
|
|||
|
8
|
DIR
|
AS
|
$7,052,065
|
|||
|
9
|
CB,CEO,BO
|
S
|
$3,668,435
|
|||
|
10
|
PR
|
AS
|
$2,586,122
|
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."
Follow me on Twitter: @JoshWolonick and @Minyanville
No positions in stocks mentioned.
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