Welcome to edition 222 of Insider Weekends. Insider buying increased last week with insiders buying $49.49 million of stock compared to $35.47 million in the week prior. Selling decreased significantly with insiders selling $469.15 million of stock last week compared to $3.37 billion 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 dropped to 9.48. In other words, insiders sold more than 9 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 95.05. 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. Miller Energy Resources, Inc. (MILL): $4.86
Shares of this oil & gas exploration and production company were acquired by 3 insiders:
You can view the list of recent insider transactions for Miller Energy Resources, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 23.33|
|P/S: 2.77||Price/Book: 0.93||EV/EBITDA: 17.89|
|Market Cap: $225.27M||Avg. Daily Volume: 472,811||52 Week Range: $4.23 – $8.97|
2. Opko Health, Inc. (OPK): $8.42
CEO & Chairman Phillip Frost M.D. acquired 100,000 shares of this medical devices and drug development company, paying $8.51 per share for a total amount of $850,541. These shares were purchased indirectly by Frost Gamma Investments Trust.
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: 25.56|
|P/S: 41.76||Price/Book: 3.94||EV/EBITDA: -41.76|
|Market Cap: $3.61B||Avg. Daily Volume: 2,509,570||52 Week Range: $7.32 – $12.95|
3. Tallgrass Energy Partners, LP (TEP): $45.49
Shares of this natural gas company were acquired by 3 insiders:
You can view the list of recent insider transactions for Tallgrass Energy Partners, LP here.
|P/E: 132.24||Forward P/E: 24.33||Industry P/E: 36.7|
|P/S: 7.42||Price/Book: 2.52||EV/EBITDA: 31.7|
|Market Cap: $2.23B||Avg. Daily Volume: 284,720||52 Week Range: $22.76 – $47.04|
4. Leidos Holdings, Inc. (LDOS): $35.83
CEO Roger A. Krone acquired 15,000 shares of this science and technology solutions provider, paying $35.23 per share for a total amount of $528,450. Mr. Krone increased his stake by 23.83% to 77,942 shares with this purchase.
You can view the list of recent insider transactions for Leidos Holdings, Inc. here.
|P/E: 24.08||Forward P/E: 14.33||Industry P/E: 39.2|
|P/S: 0.5||Price/Book: 2.79||EV/EBITDA: 9.54|
|Market Cap: $2.65B||Avg. Daily Volume: 519,302||52 Week Range: $31.76 – $49.18|
5. Synergy Resources Corporation (SYRG): $12.53
Director George L. Seward acquired 41,189 shares of this oil and natural gas exploration company, paying $12.60 per share for a total amount of $518,981. Mr. Seward increased his stake by 1.98% to 2,116,614 shares with this purchase.
You can view the list of recent insider transactions for Synergy Resources Corporation here.
|P/E: 54.72||Forward P/E: 15.28||Industry P/E: 20.12|
|P/S: 12.03||Price/Book: 3.71||EV/EBITDA: 17.28|
|Market Cap: $972.53M||Avg. Daily Volume: 1,096,620||52 Week Range: $8.11 – $14.11|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Cisco Systems, Inc. (CSCO): $25.2
Shares of Cisco were sold by 7 insiders:
You can view the list of recent insider transactions for Cisco Systems, Inc. here.
|P/E: 17||Forward P/E: 11.1||Industry P/E: 19.15|
|P/S: 2.73||Price/Book: 2.27||EV/EBITDA: 8.12|
|Market Cap: $128.50B||Avg. Daily Volume: 25,715,400||52 Week Range: $20.22 – $26.08|
2. Palo Alto Networks, Inc. (PANW): $99.28
Chief Marketing Officer Rene Bonvanie sold 112,500 shares of this network security company for $99.59, generating $11.2 million from the sale.
You can view the list of recent insider transactions for Palo Alto Networks, Inc. here.
|P/E: N/A||Forward P/E: 72.47||Industry P/E: 19.15|
|P/S: 12.88||Price/Book: 16.44||EV/EBITDA: -135.59|
|Market Cap: $7.73B||Avg. Daily Volume: 1,715,310||52 Week Range: $40.36 – $102.45|
3. Verint Systems Inc. (VRNT): $55.09
Shares of this business intelligence & services provider were sold by 3 insiders:
You can view the list of recent insider transactions for Verint Systems Inc. here.
|P/E: 33.17||Forward P/E: 14.77||Industry P/E: 29.89|
|P/S: 3.33||Price/Book: 3.31||EV/EBITDA: 26.17|
|Market Cap: $3.34B||Avg. Daily Volume: 456,800||52 Week Range: $35.24 – $56.53|
4. UnitedHealth Group Incorporated (UNH): $87.8
Shares of this healthcare services provider were sold by 2 insiders:
You can view the list of recent insider transactions for UnitedHealth Group Incorporated here.
|P/E: 16.12||Forward P/E: 14.39||Industry P/E: 19.99|
|P/S: 0.68||Price/Book: 2.59||EV/EBITDA: 8.76|
|Market Cap: $85.31B||Avg. Daily Volume: 3,665,950||52 Week Range: $66.72 – $88.85|
5. Bank of the Ozarks, Inc. (OZRK): $33.86
Director Ross M. Whipple sold 285,000 shares of this regional bank for $32.61, generating $9.29 million from the sale. These shares were sold indirectly through an LLLP.
You can view the list of recent insider transactions for Bank of the Ozarks, Inc. here.
|P/E: 13.38||Forward P/E: 18.4||Industry P/E: 18.19|
|P/S: 9.73||Price/Book: 3.18||EV/EBITDA: N/A|
|Market Cap: $2.70B||Avg. Daily Volume: 489,381||52 Week Range: $22.7 – $35.24|
You can view the full list of sales from this Insider Sales page.
Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria