May 18, 2013 | Insider Buying | Author Asif
Welcome to edition 153 of Insider Weekends. Insider buying decreased slightly with insiders purchasing $65.81 million of their stock last week compared to $66.13 million in the week prior. Selling increased with insiders selling $3.65 billion of stock last week compared to $2.06 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 increased to 55.43. In other words, insiders sold more than 55 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 31.13. 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. United States Steel Corp. (X): $18.32
Director Murry Gerber acquired 72,075 shares of this steel company, paying $18.99 per share for a total amount of $1.4 million. Mr. Gerber increased his stake by 156.13% to 118,237 shares with this purchase.
You can view the list of recent insider transactions for United States Steel Corp. here.
| P/E: 123.78 | Forward P/E: 11.97 | Industry P/E: 14.02 |
| P/S: 0.14 | Price/Book: 0.74 | EV/EBITDA: 6.74 |
| Market Cap: $2.64B | Avg. Daily Volume: 8,480,980 | 52 Week Range: $15.8 – $26.29 |
2. Opko Health, Inc. (OPK): $7.16
CEO & Chairman Phillip Frost M.D. acquired 164,900 shares of this medical devices and drug development company, paying $6.95 per share for a total amount of $1.1 million. 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: 20.11 |
| P/S: 33.89 | Price/Book: 7.36 | EV/EBITDA: -103.23 |
| Market Cap: $2.41B | Avg. Daily Volume: 1,803,030 | 52 Week Range: $4 – $7.83 |
3. Luminex Corporation (LMNX): $18.41
Director Walter G. Loewenbaum II acquired 58,500 shares of this biological testing and diagnostics company, paying $18.26 per share for a total amount of $1,068,215. Mr. Loewenbaum increased his stake by 8.84% to 720,127 shares with this purchase.
You can view the list of recent insider transactions for Luminex Corporation here.
| P/E: 118.01 | Forward P/E: 32.88 | Industry P/E: 21.75 |
| P/S: 3.64 | Price/Book: 2.92 | EV/EBITDA: 19.95 |
| Market Cap: $765.62M | Avg. Daily Volume: 184,906 | 52 Week Range: $15.39 – $25.79 |
4. MediciNova Inc. (MNOV): $3.54
Director Tatsuo Izumi acquired 158,730 shares of this biotech company, paying $3.15 per share for a total amount of $500,000. These shares were purchased indirectly by a Limited Liability Company.
You can view the list of recent insider transactions for MediciNova Inc. here.
| P/E: N/A | Forward P/E: N/A | Industry P/E: 18.43 |
| P/S: 100.71 | Price/Book: 4.35 | EV/EBITDA: -6.51 |
| Market Cap: $64.64M | Avg. Daily Volume: 181,006 | 52 Week Range: $1.29 – $4.7 |
5. Hecla Mining Co. (HL): $3.17
President & CEO Phillips S. Baker Jr. acquired 150,000 shares of this Idaho based mining company, paying $3.19 per share for a total amount of $478,260. Mr. Baker increased his stake by 19.20% to 931,432 shares with this purchase.
This is an interesting purchase given the recent drop in precious metal prices and the fact that Hecla is one of the largest and lowest-cost producers of primary silver in the United States.
You can view the list of recent insider transactions for Hecla Mining Co. here.
| P/E: 70.44 | Forward P/E: 7.55 | Industry P/E: 28.26 |
| P/S: 3 | Price/Book: 0.8 | EV/EBITDA: 9.25 |
| Market Cap: $903.96M | Avg. Daily Volume: 6,393,810 | 52 Week Range: $2.95 – $6.94 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Franklin Resources Inc. (BEN): $168.32
Vice Chairman Rupert H. Johnson Jr. sold 150,000 shares of this asset management company for $167.10, generating $25.1 million from the sale. These shares were sold indirectly through an IRA.
You can view the list of recent insider transactions for Franklin Resources Inc. here.
| P/E: 17.67 | Forward P/E: 14.47 | Industry P/E: 17.03 |
| P/S: 4.69 | Price/Book: 3.75 | EV/EBITDA: 10.26 |
| Market Cap: $35.79B | Avg. Daily Volume: 572,111 | 52 Week Range: $100.91 – $168.76 |
2. News Corp. (NWS): $33.35
Dep. COO/Chair and CEO, Int’l James R. Murdoch sold 752,000 shares of this media company for $33.32, generating $25.1 million from the sale. 601,600 shares were sold indirectly through a trust.
You can view the list of recent insider transactions for News Corp. here.
| P/E: 13.35 | Forward P/E: 17.19 | Industry P/E: N/A |
| P/S: 2.2 | Price/Book: 2.56 | EV/EBITDA: 12.38 |
| Market Cap: $78.95B | Avg. Daily Volume: 2,852,880 | 52 Week Range: $18.52 – $34.12 |
3. 3D Systems Corp. (DDD): $46.66
Shares of this 3D printers company were sold by 4 insiders:
You can view the list of recent insider transactions for 3D Systems Corp. here.
| P/E: 104.85 | Forward P/E: 36.45 | Industry P/E: N/A |
| P/S: 11.21 | Price/Book: 7.93 | EV/EBITDA: 42.97 |
| Market Cap: $4.34B | Avg. Daily Volume: 4,852,770 | 52 Week Range: $17.12 – $51.94 |
4. Whole Foods Market, Inc. (WFM): $103.77
Shares of this grocery chain were sold by 16 insiders:
You can view the list of recent insider transactions for Whole Foods Market, Inc. here.
| P/E: 37.45 | Forward P/E: 30.17 | Industry P/E: 26.72 |
| P/S: 1.51 | Price/Book: 5.2 | EV/EBITDA: 15.08 |
| Market Cap: $19.22B | Avg. Daily Volume: 2,255,880 | 52 Week Range: $81.39 – $104 |
5. ServiceNow, Inc. (NOW): $40.39
Shares of this software-as-a-service provider were sold by 6 insiders:
You can view the list of recent insider transactions for ServiceNow, Inc. here.
| P/E: N/A | Forward P/E: 201.95 | Industry P/E: 10.14 |
| P/S: 18.35 | Price/Book: 19.62 | EV/EBITDA: -177.33 |
| Market Cap: $5.24B | Avg. Daily Volume: 1,502,320 | 52 Week Range: $22.62 – $43.99 |
You can view the full list of sales from this Insider Sales page.
May 12, 2013 | Insider Buying | Author Asif
Welcome to edition 152 of Insider Weekends. Insider buying increased with insiders purchasing $66.13 million of their stock last week compared to $21.26 million in the week prior. Selling also increased with insiders selling $2.06 billion of stock last week compared to $1.94 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 decreased to 31.13. In other words, insiders sold more than 31 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 91.2. 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. JPMorgan Chase & Co. (JPM): $48.96
Director James S. Crown acquired 301,477 shares of JPMorgan, paying $47.29 per share for a total amount of $14.26 million. These shares were purchased indirectly through family funds.
You can view the list of recent insider transactions for JPMorgan Chase & Co. here.
| P/E: 8.74 | Forward P/E: 8.24 | Industry P/E: 22.17 |
| P/S: 2.06 | Price/Book: 0.95 | EV/EBITDA: N/A |
| Market Cap: $186.94B | Avg. Daily Volume: 23,496,500 | 52 Week Range: $30.83 – $51 |
2. Independent Bank Group, Inc. (IBTX): $29
Shares of this regional bank were acquired by 4 insiders:
You can view the list of recent insider transactions for Independent Bank Group, Inc. here.
| P/E: 18.59 | Forward P/E: 14.95 | Industry P/E: N/A |
| P/S: 5.13 | Price/Book: 2.01 | EV/EBITDA: N/A |
| Market Cap: $332.60M | Avg. Daily Volume: 38,037 | 52 Week Range: $27.54 – $31.11 |
3. ABIOMED, Inc. (ABMD): $22.4
Director Henri A. Termeer acquired 100,000 shares of this medical devices company, paying $19.86 per share for a total amount of $1,986,410. Mr. Termeer increased his stake by 54.83% to 282,398 shares with this purchase.
You can view the list of recent insider transactions for ABIOMED, Inc. here.
| P/E: 60.54 | Forward P/E: 37.97 | Industry P/E: 20.11 |
| P/S: 5.14 | Price/Book: 5.93 | EV/EBITDA: 35.42 |
| Market Cap: $864.66M | Avg. Daily Volume: 475,484 | 52 Week Range: $11.8 – $26.17 |
4. Luminex Corporation (LMNX): $18.38
Director Walter G. Loewenbaum II acquired 93,235 shares of this biological testing and diagnostics company, paying $17.18 per share for a total amount of $1,601,980. Mr. Loewenbaum increased his stake by 16.40% to 661,627 shares with this purchase.
You can view the list of recent insider transactions for Luminex Corporation here.
| P/E: 117.82 | Forward P/E: 32.82 | Industry P/E: 21.75 |
| P/S: 3.48 | Price/Book: 2.8 | EV/EBITDA: 18.32 |
| Market Cap: $764.37M | Avg. Daily Volume: 176,103 | 52 Week Range: $15.39 – $25.79 |
5. Walter Energy, Inc. (WLT): $19.59
Shares of this metallurgical coal producer were acquired by 11 insiders:
You can view the list of recent insider transactions for Walter Energy, Inc. here.
| P/E: N/A | Forward P/E: 21.06 | Industry P/E: 14.14 |
| P/S: 0.53 | Price/Book: 1.25 | EV/EBITDA: 12.41 |
| Market Cap: $1.23B | Avg. Daily Volume: 4,722,280 | 52 Week Range: $16.08 – $62.6 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Facebook, Inc. (FB): $26.68
Shares of Facebook were sold by 3 insiders:
You can view the list of recent insider transactions for Facebook, Inc. here.
| P/E: 580 | Forward P/E: 34.65 | Industry P/E: 21.79 |
| P/S: 11.91 | Price/Book: 5.51 | EV/EBITDA: 43.74 |
| Market Cap: $64.51B | Avg. Daily Volume: 39,649,800 | 52 Week Range: $17.55 – $45 |
2. Cabela’s Incorporated (CAB): $67.81
Shares of this sporting goods retailer were sold by 2 insiders:
You can view the list of recent insider transactions for Cabela’s Incorporated here.
| P/E: 24.95 | Forward P/E: 17.61 | Industry P/E: N/A |
| P/S: 1.42 | Price/Book: 3.28 | EV/EBITDA: 16.95 |
| Market Cap: $4.78B | Avg. Daily Volume: 703,911 | 52 Week Range: $33.1 – $68.13 |
3. The Charles Schwab Corporation (SCHW): $18.09
Shares of this investment brokerage were sold by 2 insiders:
You can view the list of recent insider transactions for The Charles Schwab Corporation here.
| P/E: 26.29 | Forward P/E: 20.79 | Industry P/E: 22.67 |
| P/S: 4.73 | Price/Book: 2.36 | EV/EBITDA: N/A |
| Market Cap: $23.88B | Avg. Daily Volume: 9,075,290 | 52 Week Range: $11.64 – $18.34 |
4. MSC Industrial Direct Co. Inc. (MSM): $82.63
Shares of this industrial products distributor were sold by 7 insiders:
You can view the list of recent insider transactions for MSC Industrial Direct Co. Inc. here.
| P/E: 20.25 | Forward P/E: 18.04 | Industry P/E: N/A |
| P/S: 2.14 | Price/Book: 3.95 | EV/EBITDA: 10.54 |
| Market Cap: $5.23B | Avg. Daily Volume: 384,433 | 52 Week Range: $61.39 – $87.92 |
5. Gentex Corp. (GNTX): $24.58
Shares of this auto and aerospace parts company were sold by 5 insiders:
You can view the list of recent insider transactions for Gentex Corp. here.
| P/E: 21.01 | Forward P/E: 18.07 | Industry P/E: 10.34 |
| P/S: 3.23 | Price/Book: 2.99 | EV/EBITDA: 10.08 |
| Market Cap: $3.50B | Avg. Daily Volume: 905,821 | 52 Week Range: $14.38 – $24.76 |
You can view the full list of sales from this Insider Sales page.
May 5, 2013 | Insider Buying | Author Asif
Welcome to edition 151 of Insider Weekends. Insider buying dropped nearly in half with insiders purchasing $21.26 million of their stock last week compared to $40.11 million in the week prior. Selling increased with insiders selling $1.94 billion of stock last week compared to $1.11 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 increased to 91.2. In other words, insiders sold more than 91 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 27.77. 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. NuStar Energy L.P. (NS): $49.09
Shares of this oil & gas pipeline company were acquired by 3 insiders:
You can view the list of recent insider transactions for NuStar Energy L.P. here.
| P/E: N/A | Forward P/E: 20.04 | Industry P/E: 23.8 |
| P/S: 0.71 | Price/Book: 1.5 | EV/EBITDA: 16.5 |
| Market Cap: $3.82B | Avg. Daily Volume: 356,567 | 52 Week Range: $38.43 – $54.95 |
2. NuStar GP Holdings, LLC (NSH): $29.75
Shares of this oil storage and pipeline company were acquired by 2 insiders:
It is interesting to see insider buying both the general partner and limited partner shares of NuStar.
You can view the list of recent insider transactions for NuStar GP Holdings, LLC here.
| P/E: 583.33 | Forward P/E: 17.71 | Industry P/E: 23.8 |
| P/S: N/A | Price/Book: 3.02 | EV/EBITDA: N/A |
| Market Cap: $1.27B | Avg. Daily Volume: 131,840 | 52 Week Range: $24.06 – $35.22 |
3. Opko Health, Inc. (OPK): $6.67
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: 35.32 |
| P/S: 45.08 | Price/Book: 11.05 | EV/EBITDA: -78.78 |
| Market Cap: $2.16B | Avg. Daily Volume: 2,065,690 | 52 Week Range: $4 – $7.83 |
4. Invacare Corporation (IVC): $13.66
Shares of this medical appliances & equipment company were acquired by 7 insiders:
You can view the list of recent insider transactions for Invacare Corporation here.
| P/E: 15.03 | Forward P/E: 21.02 | Industry P/E: 35.32 |
| P/S: 0.3 | Price/Book: 0.66 | EV/EBITDA: 9.43 |
| Market Cap: $435.78M | Avg. Daily Volume: 269,773 | 52 Week Range: $10.82 – $18.27 |
5. Key Energy Services Inc. (KEG): $6.24
Shares of this onshore drilling services company were acquired by 6 insiders:
You can view the list of recent insider transactions for Key Energy Services Inc. here.
| P/E: 271.3 | Forward P/E: 10.58 | Industry P/E: N/A |
| P/S: 0.49 | Price/Book: 0.73 | EV/EBITDA: 4.63 |
| Market Cap: $948.27M | Avg. Daily Volume: 3,182,870 | 52 Week Range: $5.7 – $14.26 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Netflix, Inc. (NFLX): $213.45
Shares of Netflix were sold by 4 insiders:
We don’t normally highlight sales by fund manager but we decided to make an exception in this case. Back in May 2012 we highlighted multiple purchases of Netflix by Mr. Hoag at prices approximately averaging $73. Here is what we said following those purchases:
“Mr. Hoag is the founding member of venture capital firm Technology Crossover Partners, which manages $3.3 billion in assets. He has served as a director of Netflix since 1999 and has been a technology investor for over 29 years.”
We wrote the following about the company last month when another director paid $85.05 for 6,000 shares of Netflix, “after years of heavy insider selling, we are seeing our first insider purchase after Netflix saw its stock drop precipitously over the last year. The bears had it right that higher content costs and competition in the streaming space will eventually hit Netflix’s margins. While this purchase might give the bulls some ammunition in the short-term, I am not convinced Netflix has hit bottom yet.”
The stock is down an additional 15% since then and is probably worth exploring further in light of Mr. Hoag’s purchase.”
You can view the list of recent insider transactions for Netflix, Inc. here.
| P/E: 516.83 | Forward P/E: 68.19 | Industry P/E: N/A |
| P/S: 3.2 | Price/Book: 14.81 | EV/EBITDA: 89.09 |
| Market Cap: $11.98B | Avg. Daily Volume: 4,835,100 | 52 Week Range: $52.81 – $219.38 |
2. Cabela’s Incorporated (CAB): $64.71
Shares of this sporting goods retailer were sold by 2 insiders:
You can view the list of recent insider transactions for Cabela’s Incorporated here.
| P/E: 23.81 | Forward P/E: 16.81 | Industry P/E: 18.77 |
| P/S: 1.37 | Price/Book: 3.15 | EV/EBITDA: 16.3 |
| Market Cap: $4.56B | Avg. Daily Volume: 711,425 | 52 Week Range: $33.1 – $62.24 |
3. Regeneron Pharmaceuticals, Inc. (REGN): $266.16
Shares of this biotech company were sold by 2 insiders:
You can view the list of recent insider transactions for Regeneron Pharmaceuticals, Inc. here.
| P/E: 39.4 | Forward P/E: 41.39 | Industry P/E: 26.34 |
| P/S: 17.43 | Price/Book: 19.3 | EV/EBITDA: 46.67 |
| Market Cap: $25.72B | Avg. Daily Volume: 1,124,300 | 52 Week Range: $107.31 – $220.43 |
4. AutoNation Inc. (AN): $45.63
Shares of this automotive retailer were sold by 2 insiders:
You can view the list of recent insider transactions for AutoNation Inc. here.
| P/E: 17.28 | Forward P/E: 13.87 | Industry P/E: 14.83 |
| P/S: 0.34 | Price/Book: 3.08 | EV/EBITDA: 13.04 |
| Market Cap: $5.54B | Avg. Daily Volume: 605,292 | 52 Week Range: $33.84 – $48.92 |
5. The Boeing Company (BA): $93.74
Shares of Boeing were sold by 5 insiders:
You can view the list of recent insider transactions for The Boeing Company here.
| P/E: 17.6 | Forward P/E: 13.09 | Industry P/E: 14.62 |
| P/S: 0.86 | Price/Book: 11.88 | EV/EBITDA: 8.64 |
| Market Cap: $71.12B | Avg. Daily Volume: 5,083,070 | 52 Week Range: $66.82 – $ |
You can view the full list of sales from this Insider Sales page.
April 28, 2013 | Insider Buying | Author Asif
Welcome to edition 150 of Insider Weekends. Insider buying increased with insiders purchasing $40.11 million of their stock last week compared to $35.53 million in the week prior. Selling also increased with insiders selling $1.11 billion of stock last week compared to $838.5 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 27.77. In other words, insiders sold almost 28 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 23.6. 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. JPMorgan Chase & Co. (JPM): $48.88
Director James S. Crown acquired 436,859 shares of JPMorgan, paying $46.98 per share for a total amount of $20.5 million. These shares were purchased indirectly through family funds.
You can view the list of recent insider transactions for JPMorgan Chase & Co. here.
| P/E: 8.73 | Forward P/E: 8.23 | Industry P/E: 17.23 |
| P/S: 2.04 | Price/Book: 0.94 | EV/EBITDA: N/A |
| Market Cap: $185.25B | Avg. Daily Volume: 23,645,200 | 52 Week Range: $30.83 – $51 |
2. AGCO Corporation (AGCO): $50.67
Director Mallika Srinivasan acquired 91,440 shares of this farm & construction machinery company, paying $49.21 per share for a total amount of $4.5 million. These shares were purchased indirectly by TAFE Motors and Tractors Limited.
You can view the list of recent insider transactions for AGCO Corporation here.
| P/E: 9.56 | Forward P/E: 8.74 | Industry P/E: 11.39 |
| P/S: 0.5 | Price/Book: 1.44 | EV/EBITDA: 5.74 |
| Market Cap: $4.92B | Avg. Daily Volume: 1,190,160 | 52 Week Range: $38.09 – $55.15 |
3. Opko Health, Inc. (OPK): $6.92
CEO & Chairman Phillip Frost M.D. acquired 100,000 shares of this medical devices and drug development company, paying $6.92 per share for a total amount of $692,447. 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: 19.79 |
| P/S: 48.52 | Price/Book: 11.89 | EV/EBITDA: -86.29 |
| Market Cap: $2.24B | Avg. Daily Volume: 2,342,020 | 52 Week Range: $4 – $7.83 |
4. Associated Banc-Corp (ASBC): $14.13
Director Robert A. Jeffe acquired 10,000 series B preferred shares of this regional bank, paying $28.75 per share for a total amount of $287,500. Mr. Jeffe increased his stake by 43.12% to 33,190 shares with this purchase.
With over $23 billion in assets, this regional bank trades for 1.22 times tangible book value. After seeing a large spike in its Troubled Assets Ratio (TAR) through the last recession, the company’s TAR of 11 is now inline with the national median TAR of 10.7.
You can view the list of recent insider transactions for Associated Banc-Corp here.
| P/E: 13.72 | Forward P/E: 13.46 | Industry P/E: 11.45 |
| P/S: 2.51 | Price/Book: 0.83 | EV/EBITDA: N/A |
| Market Cap: $2.38B | Avg. Daily Volume: 1,024,910 | 52 Week Range: $11.67 – $15.35 |
5. Winmark Corp. (WINA): $60.91
Chairman & CEO John L. Morgan acquired 4,100 shares of this retail franchise company, paying $59.70 per share for a total amount of $244,770. Mr. Morgan increased his stake by 0.24% to 1,683,278 shares with this purchase.
You can view the list of recent insider transactions for Winmark Corp. here.
| P/E: 23.62 | Forward P/E: N/A | Industry P/E: 48.2 |
| P/S: 5.7 | Price/Book: 13.87 | EV/EBITDA: 10.53 |
| Market Cap: $304.49M | Avg. Daily Volume: 10,278 | 52 Week Range: $47.43 – $64.72 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Microsoft Corporation (MSFT): $31.79
Shares of Microsoft were sold by 2 insiders:
You can view the list of recent insider transactions for Microsoft Corporation here.
| P/E: 16.4 | Forward P/E: 10.36 | Industry P/E: 24.87 |
| P/S: 3.51 | Price/Book: 3.48 | EV/EBITDA: 6.81 |
| Market Cap: $265.48B | Avg. Daily Volume: 50,101,900 | 52 Week Range: $26.26 – $32.84 |
2. Enstar Group Limited (ESGR): $126.5
Shares of this insurance company were sold by 2 insiders:
You can view the list of recent insider transactions for Enstar Group Limited here.
| P/E: 12.52 | Forward P/E: 10.77 | Industry P/E: 11.52 |
| P/S: 13.23 | Price/Book: 1.35 | EV/EBITDA: -155.06 |
| Market Cap: $2.10B | Avg. Daily Volume: 24,703 | 52 Week Range: $89 – $129.83 |
3. Six Flags Entertainment Corporation (SIX): $73.32
Chairman, President & CEO James Reid-anderson sold 96,464 shares of this theme park operator for $75.13, generating $7.2 million from the sale.
You can view the list of recent insider transactions for Six Flags Entertainment Corporation here.
| P/E: 11.49 | Forward P/E: 25.37 | Industry P/E: N/A |
| P/S: 3.48 | Price/Book: 4.47 | EV/EBITDA: 12.35 |
| Market Cap: $3.68B | Avg. Daily Volume: 498,622 | 52 Week Range: $43.13 – $78.03 |
4. MSC Industrial Direct Co. Inc. (MSM): $78.33
Director Mitchell Jacobson sold 82,500 shares of this industrial products distributor for $78.04, generating $6.4 million from the sale. 41,250 of these shares were sold indirectly through a trust.
You can view the list of recent insider transactions for MSC Industrial Direct Co. Inc. here.
| P/E: 19.19 | Forward P/E: 17.18 | Industry P/E: 24.83 |
| P/S: 2.09 | Price/Book: 3.86 | EV/EBITDA: 10.19 |
| Market Cap: $4.96B | Avg. Daily Volume: 375,990 | 52 Week Range: $61.39 – $87.92 |
5. Facebook, Inc. (FB): $26.85
Shares of Facebook were sold by 2 insiders:
You can view the list of recent insider transactions for Facebook, Inc. here.
| P/E: 1,790 | Forward P/E: 34.42 | Industry P/E: 27.3 |
| P/S: 12.24 | Price/Book: 5.25 | EV/EBITDA: 46.01 |
| Market Cap: $63.96B | Avg. Daily Volume: 43,950,700 | 52 Week Range: $17.55 – $45 |
You can view the full list of sales from this Insider Sales page.
April 20, 2013 | Insider Buying | Author Asif
Welcome to edition 149 of Insider Weekends. Insider buying increased with insiders purchasing $35.53 million of their stock last week compared to $27.2 million in the week prior. Selling also increased with insiders selling $838.5 million of stock last week compared to $499.4 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 23.6. In other words, insiders sold more than 23 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 18.36. 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. AGCO Corporation (AGCO): $49.1
Shares of this farm & construction machinery company were acquired by 2 insiders:
It is interesting to see another insider join Ms. Srinivasan in purchasing AGCO’s stock. We have been reporting on Ms. Srinivasan’s indirect purchases for several weeks. The odd thing about the timing of this purchase is that it comes less than 2 weeks before the company is due to report first quarter results on April 30. This is typically a “quiet period” for most companies.
You can view the list of recent insider transactions for AGCO Corporation here.
| P/E: 9.26 | Forward P/E: 8.47 | Industry P/E: 29.3 |
| P/S: 0.47 | Price/Book: 1.36 | EV/EBITDA: 5.76 |
| Market Cap: $4.76B | Avg. Daily Volume: 1,201,540 | 52 Week Range: $38.09 – $55.15 |
2. Walgreen Co. (WAG): $49.35
Director Stefano Pessina acquired 83,299 shares of this drug store chain, paying $48.62 per share for a total amount of $4.05 million. These shares were purchased indirectly by a corporation controlled by Mr. Pessina.
You can view the list of recent insider transactions for Walgreen Co. here.
| P/E: 21.94 | Forward P/E: 13.37 | Industry P/E: N/A |
| P/S: 0.65 | Price/Book: 2.43 | EV/EBITDA: 10.88 |
| Market Cap: $46.76B | Avg. Daily Volume: 6,453,050 | 52 Week Range: $28.53 – $49.63 |
3. Calamos Asset Management Inc. (CLMS): $11.15
Chairman, CEO, Global Co-CIO John P. Calamos Sr. acquired 72,028 shares of this asset management company, paying $10.99 per share for a total amount of $791,329. Mr. Calamos increased his stake by 6.56% to 1,170,042 shares with this purchase.
You can view the list of recent insider transactions for Calamos Asset Management Inc. here.
| P/E: 12.67 | Forward P/E: 16.4 | Industry P/E: N/A |
| P/S: 0.69 | Price/Book: 1.14 | EV/EBITDA: -1.59 |
| Market Cap: $228.27M | Avg. Daily Volume: 224,537 | 52 Week Range: $9.24 – $13.29 |
4. AeroVironment, Inc. (AVAV): $18.05
Director Arnold L. Fishman acquired 43,000 shares of this unmanned aircraft company, paying $18.10 per share for a total amount of $778,352. These shares were purchased indirectly through a trust.
You can view the list of recent insider transactions for AeroVironment, Inc. here.
| P/E: 14.01 | Forward P/E: 36.1 | Industry P/E: 77.17 |
| P/S: 1.34 | Price/Book: 1.27 | EV/EBITDA: 5.79 |
| Market Cap: $399.66M | Avg. Daily Volume: 318,011 | 52 Week Range: $16.98 – $27.82 |
5. FuelCell Energy Inc. (FCEL): $0.99
Shares of this manufacturer of fuel cells were acquired by 4 insiders:
You can view the list of recent insider transactions for FuelCell Energy Inc. here.
| P/E: N/A | Forward P/E: N/A | Industry P/E: 17.29 |
| P/S: 1.36 | Price/Book: 27.28 | EV/EBITDA: -3.36 |
| Market Cap: $187.58M | Avg. Daily Volume: 906,942 | 52 Week Range: $0.83 – $1.39 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. L Brands, Inc. (LTD): $48.42
Chairman and CEO Leslie H. Wexner sold 1,500,000 shares of this apparel chain for $49.32, generating $73.98 million from the sale. These shares were sold indirectly through a trust.
You can view the list of recent insider transactions for L Brands, Inc. here.
| P/E: 19.06 | Forward P/E: 13.76 | Industry P/E: 38.16 |
| P/S: 1.32 | Price/Book: N/A | EV/EBITDA: 8.72 |
| Market Cap: $13.95B | Avg. Daily Volume: 3,274,830 | 52 Week Range: $40.32 – $52.5 |
2. CBL & Associates Properties Inc. (CBL): $23.52
Chairman of the Board Charles B. Lebovitz sold 227,000 shares of this retail REIT for $20.82, generating $4.7 million from the sale.
You can view the list of recent insider transactions for CBL & Associates Properties Inc. here.
| P/E: 43.31 | Forward P/E: 10.36 | Industry P/E: 4.25 |
| P/S: 3.58 | Price/Book: 2.81 | EV/EBITDA: 12.62 |
| Market Cap: $3.80B | Avg. Daily Volume: 1,446,000 | 52 Week Range: $16.65 – $24.41 |
3. Boston Beer Co. Inc. (SAM): $166.11
Chairman James C. Koch sold 21,000 shares of this beverage company for $158.50, generating $3.3 million from the sale.
You can view the list of recent insider transactions for Boston Beer Co. Inc. here.
| P/E: 37.86 | Forward P/E: 29.3 | Industry P/E: N/A |
| P/S: 3.49 | Price/Book: 8.26 | EV/EBITDA: 16.99 |
| Market Cap: $2.11B | Avg. Daily Volume: 86,747 | 52 Week Range: $97.47 – $166.79 |
4. Alexion Pharmaceuticals, Inc. (ALXN): $92.6
CEO Leonard Bell sold 35,000 shares of this biotech company for $95.04, generating $3.3 million from the sale.
You can view the list of recent insider transactions for Alexion Pharmaceuticals, Inc. here.
| P/E: 72.34 | Forward P/E: 28.06 | Industry P/E: 18.62 |
| P/S: 15.84 | Price/Book: 9.09 | EV/EBITDA: 43.05 |
| Market Cap: $18.08B | Avg. Daily Volume: 1,956,830 | 52 Week Range: $81.28 – $119.54 |
5. Athenahealth, Inc. (ATHN): $92.89
Shares of this provider of business services to medical groups were sold by 2 insiders:
You can view the list of recent insider transactions for Athenahealth, Inc. here.
| P/E: 185.78 | Forward P/E: 58.42 | Industry P/E: 23.02 |
| P/S: 8.08 | Price/Book: 10.93 | EV/EBITDA: 63.58 |
| Market Cap: $3.37B | Avg. Daily Volume: 341,863 | 52 Week Range: $56.33 – $99.79 |
You can view the full list of sales from this Insider Sales page.