Welcome to edition 186 of Insider Weekends. Insider buying was dismal last week with insiders purchasing $3.38 million of their stock compared to $9.42 million in the week prior. This is not entirely unexpected as purchases do dry up during the first few weeks of each quarter ahead of earnings. Selling increased with insiders selling $702.52 million of stock last week compared to $425.98 million in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week increased to 207.91. In other words, insiders sold almost 208 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at a record 45.23. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. American Realty Capital Properties, Inc. (ARCPP): $20.39
Shares of this commercial real estate company were acquired by 7 insiders:
All of these were purchases of series F redeemable preferred stock.
You can view the list of recent insider transactions for American Realty Capital Properties, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 21.33||Price/Book: 2.83||EV/EBITDA: 52.21|
|Market Cap: $3.77B||Avg. Daily Volume: 1,029,350||52 Week Range: $20.25 – $20.69|
2. Opko Health, Inc. (OPK): $8.63
Shares of this medical devices and drug development company were acquired by 2 insiders:
You can view the list of recent insider transactions for Opko Health, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 23.13|
|P/S: 37.34||Price/Book: 3.94||EV/EBITDA: -93.76|
|Market Cap: $3.52B||Avg. Daily Volume: 5,076,310||52 Week Range: $5.3 – $12.95|
3. Actuant Corporation (ATU): $36.05
Executive VP Industrial Segment Mark Sefcik acquired 7,000 shares of this diversified machinery company, paying $35.93 per share for a total amount of $251,510. Mr. Sefcik increased his stake by 20.88% to 40,532 shares with this purchase.
You can view the list of recent insider transactions for Actuant Corporation here.
|P/E: 90.12||Forward P/E: 15.47||Industry P/E: 21.66|
|P/S: 2.01||Price/Book: 2.33||EV/EBITDA: 12.78|
|Market Cap: $2.63B||Avg. Daily Volume: 511,332||52 Week Range: $28.39 – $39.84|
4. Compass Diversified Holdings (CODI): $19.2
Shares of this business development company were acquired by 4 insiders:
You can view the list of recent insider transactions for Compass Diversified Holdings here.
|P/E: 13.69||Forward P/E: 14.77||Industry P/E: 27.66|
|P/S: 0.96||Price/Book: 1.81||EV/EBITDA: 7.92|
|Market Cap: $927.34M||Avg. Daily Volume: 114,629||52 Week Range: $15.02 – $19.84|
5. Calamos Asset Management Inc. (CLMS): $11.69
Chairman, CEO & Global Co-CIO John P. Calamos acquired 12,187 shares of this asset management company, paying $11.49 per share for a total amount of $140,039. Mr. Calamos increased his stake by 0.66% to 1,847,193 shares with this purchase.
You can view the list of recent insider transactions for Calamos Asset Management Inc. here.
|P/E: 19.45||Forward P/E: 20.87||Industry P/E: 17.22|
|P/S: 0.86||Price/Book: 1.15||EV/EBITDA: -2.27|
|Market Cap: $240.00M||Avg. Daily Volume: 148,416||52 Week Range: $9.46 – $12.26|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Facebook, Inc. (FB): $57.94
Shares of Facebook were sold by 2 insiders:
You can view the list of recent insider transactions for Facebook, Inc. here.
|P/E: 148.18||Forward P/E: 51.27||Industry P/E: 146.34|
|P/S: 20.44||Price/Book: 10.7||EV/EBITDA: 40.35|
|Market Cap: $142.23B||Avg. Daily Volume: 72,511,500||52 Week Range: $22.67 – $58.96|
2. Select Medical Holdings Corporation (SEM): $10.56
Executive Chairman and Co-Founder Robert A. Ortenzio sold 1,564,345 shares of this hospital chain for $11.20, generating $17.52 million from the sale. 782,245 of these shares were sold indirectly through a trust.
You can view the list of recent insider transactions for Select Medical Holdings Corporation here.
|P/E: 11.85||Forward P/E: 11.73||Industry P/E: 15.66|
|P/S: 0.54||Price/Book: 2.07||EV/EBITDA: 8.04|
|Market Cap: $1.47B||Avg. Daily Volume: 1,019,150||52 Week Range: $7.21 – $11.89|
3. Palo Alto Networks, Inc. (PANW): $60.65
Shares of this network security company were sold by 3 insiders:
You can view the list of recent insider transactions for Palo Alto Networks, Inc. here.
|P/E: N/A||Forward P/E: 80.87||Industry P/E: N/A|
|P/S: 10.03||Price/Book: 15.17||EV/EBITDA: -563.36|
|Market Cap: $4.40B||Avg. Daily Volume: 1,086,080||52 Week Range: $39.08 – $62.19|
4. ServiceNow, Inc. (NOW): $59.38
Chief Product Officer Frederic B. Luddy sold 162,000 shares of this software-as-a-service provider for $57.06, generating $9.24 million from the sale. 12,000 of these shares were sold indirectly by Mr. Frederic’s spouse.
You can view the list of recent insider transactions for ServiceNow, Inc. here.
|P/E: N/A||Forward P/E: 424.14||Industry P/E: 53.97|
|P/S: 21.36||Price/Book: 27.81||EV/EBITDA: -208.41|
|Market Cap: $8.24B||Avg. Daily Volume: 1,463,510||52 Week Range: $25.59 – $59.5|
5. Ambarella, Inc. (AMBA): $29.31
Shares of this video compression and image processing solutions provider were sold by 3 insiders:
You can view the list of recent insider transactions for Ambarella, Inc. here.
|P/E: 36.36||Forward P/E: 25.27||Industry P/E: 20.36|
|P/S: 6.08||Price/Book: 6.28||EV/EBITDA: 31.21|
|Market Cap: $826.89M||Avg. Daily Volume: 1,230,180||52 Week Range: $9.04 – $36.49|
You can view the full list of sales from this Insider Sales page.
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