Insider Buying

Insider Weekends – March 4, 2016

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March 6, 2016 | Insider Buying | Author Asif

Welcome to edition 298 of Insider Weekends. Insider buying decreased last week with insiders buying $85.92 million of stock compared to $154.2 million in the week prior. Selling on the other hand doubled with insiders selling $2.2 billion of stock last week compared to $1.06 billion in the week prior.

With the market rallying for the third week in a row, insiders appear to be back to their usual pattern of selling a lot of stock and buying very little. We saw remarkable broad-based rallies especially in the beaten down commodities sector and specifically in energy related stocks last week. One offshore oil drilling company, SeaDrill Limited (SDRL), was up as much as 177% on Friday before settling down a little and posting a gain of just 121% for the day. SeaDrill is heavily leveraged and investors were pricing the company for bankruptcy. An energy trader I follow on Twitter said the following after the SeaDrill rally, “Shout out to the chimp who was paying up 170% for the zombie driller 15 minutes ago. It’s a steal now only +115%”. While we have not seen any insider activity at SeaDrill, we did see a small purchase by the CEO of another offshore driller, Atwood Oceanics (ATW) last month.

One of the most interesting footnotes I have seen in an insider filing showed up last week in the purchase filed by the CEO of Exact Sciences (EXAS). Combing through footnotes of SEC filings can often bring up interesting nuggets of information and Michelle Leder of Footnoted built a business by doing exact that. She eventually sold that business to Morningstar but ended up buying it back from them and went independent again. This Twitter exchange with her explains why the footnote in that filing was interesting and why the stock rallied more than 20% after that filing.

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 went up to 25.65. In other words, insiders sold almost 26 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 6.85. 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.

Insider Sell Buy Ratio March 4, 2016

Insider Sell Buy Ratio March 4, 2016

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. Seattle Genetics, Inc. (SGEN): $32.53

Director Felix Baker acquired 675,922 shares of this biotech company, paying $31.77 per share for a total amount of $21.48 million. These shares were purchased indirectly by Baker Bros. Advisors LP.

This is the third week in a row we are reporting on insider purchases of Seattle Genetics by the Baker Brothers.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 23.99
P/S: 13.12 Price/Book: 6.43 EV/EBITDA: -36.66
Market Cap: $4.55B Avg. Daily Volume: 1,303,560 52 Week Range: $26.02 – $52.33

2. Weight Watchers International, Inc. (WTW): $14.27

Shares of this weight management services provider were acquired by 7 insiders:

  • Director Raymond Debbane acquired 83,125 shares, paying $12.03 per share for a total amount of $1 million. Mr. Debbane increased his stake by 339.38% to 107,618 shares with this purchase.
  • Director Sacha Lainovic acquired 83,125 shares, paying $12.04 per share for a total amount of $1 million. Mr. Lainovic increased his stake by 339.38% to 107,618 shares with this purchase.
  • Director Christopher J. Sobecki acquired 50,000 shares, paying $12.20 per share for a total amount of $609,815. Mr. Sobecki increased his stake by 204.14% to 74,493 shares with this purchase.
  • Director Philippe Amouyal acquired 30,000 shares, paying $11.86 per share for a total amount of $355,800. Mr. Amouyal increased his stake by 122.48% to 54,493 shares with this purchase.
  • Director Jonas Fajgenbaum acquired 20,000 shares, paying $12.08 per share for a total amount of $241,640. Mr. Fajgenbaum increased his stake by 81.66% to 44,493 shares with this purchase.
  • Director Denis F. Kelly acquired 10,000 shares, paying $12.69 per share for a total amount of $126,892. Mr. Kelly increased his stake by 65.54% to 25,258 shares with this purchase.
  • Director Cynthia Elkins acquired 795 shares, paying $12.44 per share for a total amount of $9,888. Ms. Elkins increased her stake by 9.43% to 9,230 shares with this purchase.

Weight Watchers has taken investors on quite the roller coaster ride over the last six months as can be seen in the chart below. The stock more than doubled overnight last October after Oprah Winfrey announced that she purchased a 10% stake in the company and was joining the board of directors. The stock eventually went on to quadruple thanks to Oprah’s investment but has given back most of those gains in recent weeks after the challenges of a difficult business model started weighing down the stock.

Weight Watchers - The Oprah Effect

Weight Watchers - The Oprah Effect

You can view the list of recent insider transactions for Weight Watchers International, Inc. here.

P/E: 25.48 Forward P/E: 13.46 Industry P/E: 22.36
P/S: 0.77 Price/Book: N/A EV/EBITDA: 12.25
Market Cap: $907.87M Avg. Daily Volume: 4,910,710 52 Week Range: $3.67 – $28.05

3. Intra-Cellular Therapies, Inc. (ITCI): $29.27

Director Christopher D. Alafi acquired 100,000 shares of this biopharmaceutical company, paying $29.70 per share for a total amount of $2.97 million. Mr. Alafi increased his stake by 15.90% to 728,828 shares with this purchase.

You can view the list of recent insider transactions for Intra-Cellular Therapies, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 14 Price/Book: 2.78 EV/EBITDA: -7.47
Market Cap: $1.26B Avg. Daily Volume: 533,066 52 Week Range: $19.86 – $60.79

4. La Jolla Pharmaceutical Co. (LJPC): $18.82

Shares of this biopharmaceutical company were acquired by 2 insiders:

  • Director Kevin C. Tang acquired 480,000 shares, paying $17.82 per share for a total amount of $8.55 million. These shares were purchased indirectly by Tang Capital Partners, LP.
  • President, CEO & Secretary George F. Tidmarsh acquired 2,000 shares, paying $16.57 per share for a total amount of $33,140. Mr. Tidmarsh increased his stake by 0.14% to 1,425,086 shares with this purchase.

You can view the list of recent insider transactions for La Jolla Pharmaceutical Co. here.

P/E: N/A Forward P/E: N/A Industry P/E: 23.99
P/S: 327.95 Price/Book: 2.94 EV/EBITDA: -5.22
Market Cap: $343.31M Avg. Daily Volume: 212,057 52 Week Range: $12.68 – $44.99

5. Western Refining, Inc. (WNR): $27.47

President & CEO Jeff A. Stevens acquired 100,000 shares of this crude oil refining company, paying $26.63 per share for a total amount of $2.66 million. Mr. Stevens increased his stake by 3.14% to 3,281,052 shares with this purchase.

You can view the list of recent insider transactions for Western Refining, Inc. here.

P/E: 6.42 Forward P/E: 10.69 Industry P/E: 14.2
P/S: 0.28 Price/Book: 2.05 EV/EBITDA: 2.92
Market Cap: $2.57B Avg. Daily Volume: 2,551,110 52 Week Range: $24.43 – $51.31

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Stamps.com Inc. (STMP): $122.21

Shares of this Internet-based postage solutions provider were sold by 3 insiders:

  • Director Lloyd I. Miller sold 110,003 shares for $118.48, generating $13.03 million from the sale. 20,525 of these shares were sold indirectly through various trusts and entities.
  • Chief Legal Officer Seth Weisberg sold 11,096 shares for $120.63, generating $1.34 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • VP, Postal Affairs & JP Leon sold 5,193 shares for $118.89, generating $617,386 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Stamps.com Inc. here.

P/E: N/A Forward P/E: 19.84 Industry P/E: 33.03
P/S: 9.28 Price/Book: 8.3 EV/EBITDA: 32.68
Market Cap: $2.03B Avg. Daily Volume: 454,121 52 Week Range: $53.91 – $123.45

2. The Priceline Group Inc. (PCLN): $1297.71

Shares of this online travel company were sold by 2 insiders:

  • Director Jeffery H. Boyd sold 10,400 shares for $1286.66, generating $13.38 million from the sale. These shares were sold indirectly by a charitable foundation controlled by Mr. Boyd.
  • President & COO, Booking.com Gillian Tans sold 161 shares for $1283.59, generating $206,658 from the sale.

You can view the list of recent insider transactions for The Priceline Group Inc. here.

P/E: 26.24 Forward P/E: 16.07 Industry P/E: 21.12
P/S: 7.01 Price/Book: 7.35 EV/EBITDA: 19.39
Market Cap: $64.39B Avg. Daily Volume: 736,672 52 Week Range: $954.02 – $1476.52

3. BlackRock, Inc. (BLK): $323.76

Shares of this asset management company were sold by 2 insiders:

  • Chairman and CEO Laurence Fink sold 37,600 shares for $321.79, generating $12.09 million from the sale.
  • Senior Managing Director J. Richard Kushel sold 3,161 shares for $313.36, generating $990,546 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for BlackRock, Inc. here.

P/E: 16.36 Forward P/E: 14.52 Industry P/E: 15.83
P/S: 4.69 Price/Book: 1.88 EV/EBITDA: 10.51
Market Cap: $53.61B Avg. Daily Volume: 952,197 52 Week Range: $275 – $380.99

4. ResMed Inc. (RMD): $57.85

Shares of this medical appliances & equipment company were sold by 4 insiders:

  • Director Peter C. Farrell sold 139,980 shares for $57.31, generating $8.02 million from the sale.
  • Director Richard Sulpizio sold 36,000 shares for $57.88, generating $2.08 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Chief Financial Officer Brett Sandercock sold 30,000 shares for $57.61, generating $1.73 million from the sale. These shares were sold indirectly through a trust.
  • President – ResMed Europe Anne Reiser sold 1,946 shares for $57.06, generating $111,039 from the sale.

You can view the list of recent insider transactions for ResMed Inc. here.

P/E: 23.52 Forward P/E: 19.16 Industry P/E: N/A
P/S: 4.62 Price/Book: 5.27 EV/EBITDA: 15.88
Market Cap: $8.10B Avg. Daily Volume: 1,277,760 52 Week Range: $48.99 – $75.33

5. Atmel Corporation (ATML): $8.12

Shares of this semiconductor company were sold by 3 insiders:

  • President & CEO Steven Laub sold 997,025 shares for $8.10, generating $8.08 million from the sale.
  • SVP & CFO Stephen A. Skaggs sold 252,327 shares for $8.10, generating $2.04 million from the sale.
  • SVP, Chief Legal Officer Scott M. Wornow sold 225,000 shares for $8.09, generating $1.82 million from the sale.

You can view the list of recent insider transactions for Atmel Corporation here.

P/E: 135.33 Forward P/E: 20.82 Industry P/E: 38.51
P/S: 2.91 Price/Book: 3.91 EV/EBITDA: 26.93
Market Cap: $3.42B Avg. Daily Volume: 7,557,200 52 Week Range: $5.84 – $10.5

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – February 26, 2016

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February 28, 2016 | Insider Buying | Author Asif

Welcome to edition 297 of Insider Weekends. Insider buying decreased significantly last week with insiders buying $154.2 million of stock compared to $540.45 million in the week prior. Selling on the other hand increased with insiders selling $1.06 billion of stock last week compared to $938.04 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 went up to 6.85. In other words, insiders sold almost 7 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 1.74. 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.

Insider Sell Buy Ratio February 26, 2016

Insider Sell Buy Ratio February 26, 2016

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. Zillow Group, Inc. (Z): $21.01

Director Jay C. Hoag acquired 2,269,337 shares of this real estate information provider, paying $19.98 per share for a total amount of $45.33 million. These shares were purchased indirectly  through various Technology Crossover Venture (TCV) funds.

We would have normally skipped this purchase because it is a purchase by a fund but decided to make an exception because of Mr. Hoag’s history of insider purchases.

TCV is a well known venture capital company that mostly invests in private companies but sometimes ventures into public markets. The company first invested in Netflix (NFLX) back in 1999 and Mr. Hoag’s purchase of Netflix shares in May 2012 at prices in the low $70’s (pre-split) were one of the best instances of insider purchases I have seen since I started tracking this data more than 5 years ago. Netflix shares had dropped dramatically before Mr. Hoag’s purchases on news that the company was going to split itself a DVD mailing service called Qwikster and a streaming service. Much to the relief of investors, the company eventually abandoned that plan and the stock eventually went up 10 fold. Unfortunately for TCV, they did not hold through that entire 1,000%+ increase.

Jay Hoag's NFLX Purchases

Jay Hoag's NFLX Purchases (click to enlarge)

Zillow’s class A shares trade under the symbol ZG while the newly issued class C shares trade under the old symbol Z. Based on the three filings that constitute this $45.33 million purchase, TCV purchased both class A and class C shares but acquired nearly 5 times as many C shares as A shares. The footnotes of all three filings indicate that the shares were sold and not purchased but that appears to be an error because both the transaction code and the number of shares owned following the transaction indicate that these were purchases.

You can view the list of recent insider transactions for Zillow Group, Inc. here.

P/E: N/A Forward P/E: 51.24 Industry P/E: 18.27
P/S: 5.81 Price/Book: 1.4 EV/EBITDA: -762.02
Market Cap: $3.71B Avg. Daily Volume: 1,736,440 52 Week Range: $15.36 – $33.62

2. Seattle Genetics, Inc. (SGEN): $31.01

Director Felix Baker acquired 1,315,979 shares of this biotech company, paying $29.61 per share for a total amount of $38.97 million. These shares were purchased indirectly by Baker Bros. Advisors LP.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 22.85
P/S: 12.51 Price/Book: 6.13 EV/EBITDA: -34.66
Market Cap: $4.34B Avg. Daily Volume: 1,255,220 52 Week Range: $26.02 – $52.33

3. Prospect Capital Corporation (PSEC): $7.02

Shares of this business development company were acquired by 2 insiders:

  • Chief Executive Officer John F. Barry acquired 3,328,700 shares, paying $6.84 per share for a total amount of $22.78 million. Mr. Barry increased his stake by 18.77% to 21,060,598 shares with this purchase.
  • Chief Operating Officer M. Grier Eliasek acquired 60,000 shares, paying $6.88 per share for a total amount of $412,650. Mr. Eliasek increased his stake by 8.73% to 747,196 shares with this purchase.

You can view the list of recent insider transactions for Prospect Capital Corporation here.

P/E: 23.02 Forward P/E: 7.02 Industry P/E: 14.56
P/S: 3.06 Price/Book: 0.71 EV/EBITDA: N/A
Market Cap: $2.50B Avg. Daily Volume: 4,569,230 52 Week Range: $5.21 – $8.8

4. The Home Depot, Inc. (HD): $126.26

Director Gregory D. Brenneman acquired 40,000 shares of this home improvement retailer, paying $124.73 per share for a total amount of $4.99 million. Mr. Brenneman increased his stake by 631.71% to 46,332 shares with this purchase.

You can view the list of recent insider transactions for The Home Depot, Inc. here.

P/E: 23.69 Forward P/E: 18.01 Industry P/E: 23.57
P/S: 1.86 Price/Book: 21.11 EV/EBITDA: 13.54
Market Cap: $160.08B Avg. Daily Volume: 6,266,450 52 Week Range: $92.17 – $135.47

5. Incyte Corporation (INCY): $74.34

Director Julian Baker acquired 64,290 shares of this drug discovery and development company, paying $70.79 per share for a total amount of $4.55 million. These shares were acquired indirectly through Baker Brothers Life Sciences Capital and other related entities.

This purchase follows the large $205 million purchase we reported last week.

You can view the list of recent insider transactions for Incyte Corporation here.

P/E: 2 Forward P/E: 58.54 Industry P/E: 22.85
P/S: 18.45 Price/Book: 81 EV/EBITDA: 224
Market Cap: $13.92B Avg. Daily Volume: 2,337,770 52 Week Range: $55 – $133.62

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Facebook, Inc. (FB): $107.92

Shares of Facebook were sold by 3 insiders:

  • Director Jan Koum sold 2,030,146 shares for $106.62, generating $216.46 million from the sale. These shares were sold indirectly through a trust.
  • Chief Financial Officer David M. Wehner sold 7,973 shares for $102.58, generating $817,870 from the sale.
  • VP and General Counsel Colin Stretch sold 1,000 shares for $106.86, generating $106,860 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 83.46 Forward P/E: 26.13 Industry P/E: 30.56
P/S: 17.16 Price/Book: 6.93 EV/EBITDA: 35.08
Market Cap: $307.17B Avg. Daily Volume: 33,880,400 52 Week Range: $72 – $117.59

2. Hasbro Inc. (HAS): $76.45

Shares of this toy company were sold by 2 insiders:

  • Director Alan G. Hassenfeld sold 585,000 shares for $72.24, generating $42.26 million from the sale. These shares were sold indirectly through a trust.
  • President, CEO & Chairman Brian Goldner sold 130,000 shares for $74.47, generating $9.68 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Hasbro Inc. here.

P/E: 21.41 Forward P/E: 17.57 Industry P/E: 21.22
P/S: 2.14 Price/Book: 5.72 EV/EBITDA: 12.14
Market Cap: $9.53B Avg. Daily Volume: 1,640,000 52 Week Range: $59.74 – $84.42

3. Lear Corp. (LEA): $101.78

Shares of this auto parts company were sold by 10 insiders:

  • President & CEO Matthew Simoncini sold 123,162 shares for $103.86, generating $12.79 million from the sale.
  • EVP, Business Development & General Counsel Terrence B. Larkin sold 44,349 shares for $103.86, generating $4.61 million from the sale.
  • EVP & President, Seating Raymond E. Scott sold 43,776 shares for $103.86, generating $4.55 million from the sale.
  • Sr. VP and CFO Jeffrey H. Vanneste sold 32,318 shares for $103.86, generating $3.36 million from the sale.
  • Sr VP, Human Resources Thomas A. Didonato sold 26,964 shares for $103.86, generating $2.8 million from the sale.
  • Sr. VP & President, EPMS Frank C. Orsini sold 25,070 shares for $103.86, generating $2.6 million from the sale.
  • SVP Comm, Facilities & Inv Rel Mel Stephens sold 17,146 shares for $103.86, generating $1.78 million from the sale.
  • VP Treas & Chief Diversity Off Shari L. Burgess sold 9,550 shares for $103.86, generating $991,837 from the sale.
  • VP, Corporate Controller & CAO James L. Murawski sold 8,167 shares for $103.86, generating $848,200 from the sale.
  • President, Asia Pacific Ops Jay K. Kunkel sold 5,088 shares for $103.86, generating $528,426 from the sale.

You can view the list of recent insider transactions for Lear Corp. here.

P/E: 10.61 Forward P/E: 7.7 Industry P/E: 13.28
P/S: 0.41 Price/Book: 2.56 EV/EBITDA: 5.11
Market Cap: $7.58B Avg. Daily Volume: 863,255 52 Week Range: $89.71 – $127

4. O’Reilly Automotive Inc. (ORLY): $262.93

Shares of this auto parts retailer were sold by 4 insiders:

  • Chairman of the Board David E. O’Reilly sold 80,000 shares for $260.03, generating $20.8 million from the sale. 60,000 of these shares were sold indirectly by the reporting person as trustee for reporting person’s children and of a GRAT, and in the Company’s 401k plan.
  • EVP of Supply Chain Gregory D. Johnson sold 5,000 shares for $259.67, generating $1.29 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Director Lawrence P. O’Reilly sold 5,000 shares for $264.00, generating $1.32 million from the sale.
  • SVP of Distribution Larry Lee Ellis sold 1,000 shares for $259.00, generating $258,997 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for O’Reilly Automotive Inc. here.

P/E: 28.67 Forward P/E: 21.84 Industry P/E: N/A
P/S: 3.28 Price/Book: 13.32 EV/EBITDA: 15.64
Market Cap: $25.70B Avg. Daily Volume: 1,026,130 52 Week Range: $202.44 – $277.96

5. Hawaiian Holdings Inc. (HA): $42.64

Shares of this airline company were sold by 5 insiders:

  • Director Zac Hirzel sold 310,698 shares for $40.36, generating $12.54 million from the sale. These shares were sold indirectly by Hirzel Capital.
  • Director Lawrence Hershfield sold 200,000 shares for $41.33, generating $8.27 million from the sale.
  • EVP and CCO Peter R. Ingram sold 25,000 shares for $40.54, generating $1.01 million from the sale.
  • President and CEO Mark B. Dunkerley sold 14,000 shares for $40.00, generating $560,000 from the sale.
  • SVP-Human Resources Barbara Falvey sold 10,000 shares for $42.38, generating $423,750 from the sale.

You can view the list of recent insider transactions for Hawaiian Holdings Inc. here.

P/E: 14.31 Forward P/E: 9.17 Industry P/E: 11.83
P/S: 0.99 Price/Book: 5.16 EV/EBITDA: 5.33
Market Cap: $2.28B Avg. Daily Volume: 1,352,280 52 Week Range: $18.38 – $43.39

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – February 19, 2016

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February 21, 2016 | Insider Buying | Author Asif

Welcome to edition 296 of Insider Weekends. Insider buying more than doubled again last week with insiders buying $540.45 million of stock compared to $252.12 million in the week prior. Selling also increased with insiders selling $938.04 million of stock last week compared to $693.93 million in the week prior.

A big part of this jump in insider buying was driven by a $205 million purchase of cancer-focused biotech company Incyte Corporation (INCY) by the multi-billion dollar hedge fund Baker Brothers. We normally tend to exclude purchases by funds but decided to make an exception in this case because one of the Baker Brothers, Julian Baker, serves on the board of Incyte and because they are well known in the biotech industry to have an excellent track record. It was interesting to see that their last reported purchases of Incyte were back in late 2011 and early 2012 at prices ranging from $12.21 to $16.53.

Beyond the Baker Brothers purchases, there were other insiders that stepped up to the plate last week even as the S&P 500 rallied almost 3% for the week. Some of the noteworthy purchases that did not make the top 5 list include a $5 million purchase by the CEO of Akamai Technologies (AKAM), a nearly $1.2 million purchase by the CEO of payment services provider First Data (FDC) and a dual purchase at Twitter (TWTR) by its Executive Chairman and by the CFO Anthony Noto who has been consistently buying shares every few months.

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 1.74. In other words, insiders sold almost 2 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 2.75. 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.

Insider Sell Buy Ratio February 19, 2016

Insider Sell Buy Ratio February 19, 2016

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. Incyte Corporation (INCY): $72.7

Director Julian Baker acquired 3,138,592 shares of this drug discovery and development company, paying $65.32 per share for a total amount of $205.01 million. These shares were acquired indirectly through Baker Brothers Life Sciences Capital and other related entities.

You can view the list of recent insider transactions for Incyte Corporation here.

P/E: 2 Forward P/E: 57.24 Industry P/E: 22.66
P/S: 17.64 Price/Book: 77.45 EV/EBITDA: 219.03
Market Cap: $13.61B Avg. Daily Volume: 2,336,520 52 Week Range: $55 – $133.62

2. Seattle Genetics, Inc. (SGEN): $30.43

Shares of this biotech company were acquired by 2 insiders:

  • Director Felix Baker acquired 1,269,147 shares, paying $30.43 per share for a total amount of $38.62 million. These shares were purchased indirectly by Baker Bros. Advisors LP.
  • Director John A. Orwin acquired 2,000 shares, paying $28.33 per share for a total amount of $56,660. Mr. Orwin increased his stake by 22.99% to 10,700 shares with this purchase.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 22.66
P/S: 12.36 Price/Book: 6.07 EV/EBITDA: -32.38
Market Cap: $4.24B Avg. Daily Volume: 1,257,260 52 Week Range: $26.02 – $52.33

3. Prospect Capital Corporation (PSEC): $6.825

Shares of this business development company were acquired by 2 insiders:

  • Chief Executive Officer John F. Barry acquired 4,342,000 shares, paying $6.24 per share for a total amount of $27.08 million. Mr. Barry increased his stake by 32.84% to 17,564,826 shares with this purchase.
  • Chief Operating Officer M. Grier Eliasek acquired 60,000 shares, paying $6.23 per share for a total amount of $373,649. Mr. Eliasek increased his stake by 9.57% to 687,196 shares with this purchase.

You can view the list of recent insider transactions for Prospect Capital Corporation here.

P/E: 22.38 Forward P/E: 6.83 Industry P/E: 11.36
P/S: 3.03 Price/Book: 0.71 EV/EBITDA: N/A
Market Cap: $2.43B Avg. Daily Volume: 4,486,740 52 Week Range: $5.21 – $8.85

4. New Mountain Finance Corporation (NMFC): $12.08

Director Steven B. Klinsky acquired 635,255 shares of this business development company, paying $11.75 per share for a total amount of $7.46 million. Mr. Klinsky increased his stake by 16.32% to 4,527,825 shares with this purchase.

You can view the list of recent insider transactions for New Mountain Finance Corporation here.

P/E: N/A Forward P/E: N/A Industry P/E: 11.36
P/S: N/A Price/Book: N/A EV/EBITDA: N/A
Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $10.87 – $15.19

5. Endurance Specialty Holdings Ltd. (ENH): $62.86

Chairman & Chief Executive Officer John Charman acquired 84,203 shares of this insurance company, paying $61.56 per share for a total amount of $5.18 million. These shares were acquired indirectly by Dragon Global Holdings Ltd.

You can view the list of recent insider transactions for Endurance Specialty Holdings Ltd. here.

P/E: 10.97 Forward P/E: 9.63 Industry P/E: 10.94
P/S: 1.97 Price/Book: 0.85 EV/EBITDA: 3.17
Market Cap: $4.20B Avg. Daily Volume: 278,974 52 Week Range: $57.97 – $70.5

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Walgreens Boots Alliance, Inc. (WBA): $77.57

Director Barry Rosenstein sold 1,720,900 shares of this pharmacy-led health and wellbeing company for $76.96, generating $132.45 million from the sale. These shares were sold indirectly by JANA Partners LLC.

You can view the list of recent insider transactions for Walgreens Boots Alliance, Inc. here.

P/E: 18.89 Forward P/E: 15.51 Industry P/E: 18.77
P/S: 0.73 Price/Book: 2.71 EV/EBITDA: 12.38
Market Cap: $83.68B Avg. Daily Volume: 4,879,330 52 Week Range: $71.5 – $97.3

2. Honeywell International Inc. (HON): $107.27

Shares of this industrial technology and manufacturing company were sold by 2 insiders:

  • Chairman & CEO David M. Cote sold 344,936 shares for $104.85, generating $36.17 million from the sale.
  • Director Gordon M. Bethune sold 2,105 shares for $103.49, generating $217,846 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Honeywell International Inc. here.

P/E: 17.76 Forward P/E: 14.8 Industry P/E: 16.87
P/S: 2.12 Price/Book: 4.49 EV/EBITDA: 11.29
Market Cap: $82.53B Avg. Daily Volume: 3,713,540 52 Week Range: $87 – $107.52

3. Hasbro Inc. (HAS): $72.08

Director Alan G. Hassenfeld sold 450,000 shares of this toy company for $71.90, generating $32.36 million from the sale. These shares were sold indirectly through a trust.

You can view the list of recent insider transactions for Hasbro Inc. here.

P/E: 20.19 Forward P/E: 16.57 Industry P/E: 19.63
P/S: 2.03 Price/Book: 5.43 EV/EBITDA: 11.5
Market Cap: $8.98B Avg. Daily Volume: 1,660,370 52 Week Range: $59.74 – $84.42

4. Hawaiian Holdings Inc. (HA): $39.77

Shares of this airline company were sold by 3 insiders:

  • Director Zac Hirzel sold 396,233 shares for $37.13, generating $14.71 million from the sale. These shares were sold indirectly by Hirzel Capital.
  • President and CEO Mark B. Dunkerley sold 63,000 shares for $36.57, generating $2.3 million from the sale.
  • Director William S. Swelbar sold 2,134 shares for $38.06, generating $81,224 from the sale.

You can view the list of recent insider transactions for Hawaiian Holdings Inc. here.

P/E: 13.35 Forward P/E: 8.55 Industry P/E: 10.73
P/S: 0.9 Price/Book: 4.69 EV/EBITDA: 5.01
Market Cap: $2.12B Avg. Daily Volume: 1,297,930 52 Week Range: $18.38 – $40.13

5. The Ultimate Software Group, Inc. (ULTI): $163

Shares of this software-as-a-service (SAAS) provider were sold by 5 insiders:

  • Chairman, President and CEO Scott Scherr sold 45,507 shares for $159.37, generating $7.25 million from the sale.
  • Vice-Chairman & COO Marc D. Scherr sold 19,496 shares for $159.48, generating $3.11 million from the sale.
  • Exec. VP, CFO and Treasurer Mitchell K. Dauerman sold 12,064 shares for $159.34, generating $1.92 million from the sale.
  • Senior VP, Technology Adam Rogers sold 3,481 shares for $158.02, generating $550,080 from the sale.
  • Senior VP, Enterprise Sales Gregory Swick sold 2,900 shares for $158.13, generating $458,587 from the sale.

You can view the list of recent insider transactions for The Ultimate Software Group, Inc. here.

P/E: 214.47 Forward P/E: 40.55 Industry P/E: 42.45
P/S: 7.43 Price/Book: 13.74 EV/EBITDA: 68.83
Market Cap: $4.67B Avg. Daily Volume: 333,393 52 Week Range: $148.26 – $216.27

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – February 12, 2016

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February 14, 2016 | Insider Buying | Author Asif

Welcome to edition 295 of Insider Weekends. Insider buying more than doubled last week with insiders buying $252.12 million of stock compared to $87.63 million in the week prior. Selling on the other hand decreased with insiders selling $693.93 million of stock last week compared to $825.55 million in the week prior.

We had another volatile week in the equity markets with little overall impact as the S&P 500 ended the week only down 0.81%. Commodities like oil and natural gas however saw continued selling pressure with WTI brent crude down more than 15% to $26.05 on Thursday before rebounding on Friday to close down 4.69% for the week. Gold in contrast continues to rally with double digit gains this year as central banks in Japan, Sweden, Denmark and Switzerland have cut interest rates into negative territory. The big concern last week was related to European banks and Deutsche Bank (DB) saw its stock drop significantly early in the week before rebounding towards the end of the week. Weakness in JPMorgan’s stock was also offset by a 8% rally on Friday thanks in part to a $26.59 million purchase by its CEO as discussed below.

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 2.75. In other words, insiders sold almost 3 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 9.42. 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.

Insider Sell Buy Ratio February 12, 2016

Insider Sell Buy Ratio February 12, 2016

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. Tempur Sealy International Inc. (TPX): $54.13

Shares of this bedding products company were acquired by 3 insiders:

  • Director Usman Nabi acquired 925,000 shares, paying $52.92 per share for a total amount of $48.95 million. These shares were purchased indirectly by H Partners Capital, LLC.
  • Director Richard W. Neu acquired 20,000 shares, paying $54.93 per share for a total amount of $1.09 million. Mr. Neu increased his stake by 4576.66% to 20,437 shares with this purchase.
  • Director Jon L. Luther acquired 5,000 shares, paying $53.72 per share for a total amount of $268,600. Mr. Luther increased his stake by 444.84% to 6,124 shares with this purchase.

You can view the list of recent insider transactions for Tempur Sealy International Inc. here.

P/E: 46.26 Forward P/E: 12.03 Industry P/E: 16.98
P/S: 1.06 Price/Book: 11.48 EV/EBITDA: 12.18
Market Cap: $3.38B Avg. Daily Volume: 1,102,250 52 Week Range: $50.8 – $82.61

2. Post Holdings, Inc. (POST): $65.75

Director William P. Stiritz acquired 549,642 shares of this ready-to-eat cereal products company, paying $63.65 per share for a total amount of $34.98 million. Mr. Stiritz increased his stake by 103.25% to 1,081,996 shares with this purchase. 149,907 of these shares were purchased indirectly by Mr. Stiritz’s spouse and 199,735 shares were purchased indirectly through a trust.

You can view the list of recent insider transactions for Post Holdings, Inc. here.

P/E: N/A Forward P/E: 31.31 Industry P/E: 18.85
P/S: 0.87 Price/Book: 1.41 EV/EBITDA: 11.66
Market Cap: $4.21B Avg. Daily Volume: 968,877 52 Week Range: $41.63 – $71.39

3. JPMorgan Chase & Co. (JPM): $57.49

Chairman & CEO James Dimon acquired 500,000 shares of JP Morgan, paying $53.18 per share for a total amount of $26.59 million. Mr. Dimon increased his stake by 13.02% to 4,340,740 shares with this purchase. 170,000 of these shares were purchased indirectly by various trusts and entities.

You can view the list of recent insider transactions for JPMorgan Chase & Co. here.

P/E: 9.58 Forward P/E: 8.59 Industry P/E: 9.52
P/S: 2.17 Price/Book: 0.88 EV/EBITDA: N/A
Market Cap: $211.60B Avg. Daily Volume: 19,042,900 52 Week Range: $50.07 – $70.61

4. Endurance Specialty Holdings Ltd. (ENH): $61.22

Chairman & Chief Executive Officer John Charman acquired 420,260 shares of this insurance company, paying $60.79 per share for a total amount of $25.55 million. These shares were purchased indirectly by various trusts.

You can view the list of recent insider transactions for Endurance Specialty Holdings Ltd. here.

P/E: 10.68 Forward P/E: 9.26 Industry P/E: 10.53
P/S: 1.93 Price/Book: 0.83 EV/EBITDA: 2.97
Market Cap: $4.09B Avg. Daily Volume: 273,748 52 Week Range: $57.97 – $70.5

5. Wynn Resorts Ltd. (WYNN): $69.14

Chief Executive Officer Stephen A. Wynn acquired 258,523 shares of this resorts & casinos operator, paying $58.19 per share for a total amount of $15.04 million. These shares were purchased indirectly by Wynn Family Limited Partnership.

You can view the list of recent insider transactions for Wynn Resorts Ltd. here.

P/E: 36.01 Forward P/E: 16.23 Industry P/E: 22.08
P/S: 1.48 Price/Book: N/A EV/EBITDA: 6.98
Market Cap: $7.02B Avg. Daily Volume: 4,303,190 52 Week Range: $49.95 – $160.05

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Microsoft Corporation (MSFT): $50.5

Shares of Microsoft were sold by 2 insiders:

  • Founder Bill Gates sold 3,000,000 shares for $51.50, generating $154.49 million from the sale.
  • EVP, Chief Marketing Officer Christopher C. Capossela sold 15,000 shares for $50.16, generating $752,365 from the sale.

You can view the list of recent insider transactions for Microsoft Corporation here.

P/E: 35.74 Forward P/E: 16.45 Industry P/E: 21.54
P/S: 4.46 Price/Book: 5.13 EV/EBITDA: 11.23
Market Cap: $399.42B Avg. Daily Volume: 41,105,500 52 Week Range: $39.72 – $56.85

2. Facebook, Inc. (FB): $102.01

Shares of Facebook were sold by 2 insiders:

  • Director Jan Koum sold 1,147,624 shares for $99.55, generating $114.24 million from the sale. These shares were sold indirectly through a trust.
  • VP, Gen. Counsel & Secretary Colin Stretch sold 1,000 shares for $97.10, generating $97,100 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 78.89 Forward P/E: 24.7 Industry P/E: 27.61
P/S: 16.18 Price/Book: 6.53 EV/EBITDA: 33.04
Market Cap: $290.35B Avg. Daily Volume: 32,794,700 52 Week Range: $72 – $117.59

3. Hawaiian Holdings Inc. (HA): $36.25

Director Zac Hirzel sold 304,867 shares of this airline company for $34.46, generating $10.51 million from the sale. These shares were sold indirectly by Hirzel Capital.

You can view the list of recent insider transactions for Hawaiian Holdings Inc. here.

P/E: 12.16 Forward P/E: 7.8 Industry P/E: 10.3
P/S: 0.78 Price/Book: 4.06 EV/EBITDA: 4.6
Market Cap: $1.94B Avg. Daily Volume: 1,273,610 52 Week Range: $18.01 – $40.13

4. Monolithic Power Systems, Inc. (MPWR): $56.76

Shares of this semiconductor company were sold by 5 insiders:

  • CEO Michael Hsing sold 90,416 shares for $57.93, generating $5.24 million from the sale.
  • CFO Meera Rao sold 24,093 shares for $59.49, generating $1.43 million from the sale.
  • Pres. of MPS Asia Operations Deming Xiao sold 6,360 shares for $57.50, generating $365,690 from the sale.
  • Sr. V.P.of Sales and Marketing Maurice Sciammas sold 5,413 shares for $57.52, generating $311,347 from the sale.
  • VP & General Counsel Saria Tseng sold 5,413 shares for $57.52, generating $311,345 from the sale.

You can view the list of recent insider transactions for Monolithic Power Systems, Inc. here.

P/E: 66 Forward P/E: 21.26 Industry P/E: 20.2
P/S: 6.7 Price/Book: 6.06 EV/EBITDA: 36.01
Market Cap: $2.25B Avg. Daily Volume: 293,944 52 Week Range: $40.75 – $69.25

5. Philip Morris International, Inc. (PM): $89.06

Director Louis C. Camilleri sold 80,000 shares of this cigarettes company for $88.20, generating $7.06 million from the sale.

You can view the list of recent insider transactions for Philip Morris International, Inc. here.

P/E: 20.15 Forward P/E: 18.79 Industry P/E: 19.99
P/S: 5.11 Price/Book: N/A EV/EBITDA: 14.15
Market Cap: $137.98B Avg. Daily Volume: 4,659,160 52 Week Range: $75.27 – $90.56

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – February 5, 2016

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February 7, 2016 | Insider Buying | Author Asif

Welcome to edition 294 of Insider Weekends. Insider buying increased last week with insiders buying $87.63 million of stock compared to $27.94 million in the week prior. Selling also increased with insiders selling $825.55 million of stock last week compared to $267.17 million in the week prior.

The market took a turn for the worse last week with the S&P 500 dropping 3.1% for the week. Against this backdrop Kinder Morgan (KMI) declined -4.8% while Consol Energy (CNX) continued rallying with a gain of 14.61% for the week. The big event last week was a drop of $84 or nearly 44% in LinkedIn (LNKD) and “big data” company Tableau Software (DATA) losing half its value with a drop of 49.44%.

Investors were disappointed by 2016 projections from both companies when they reported results on Friday. When reviewing LinkedIn’s fourth quarter results and projections for 2016, I was surprised to see that the company expects “adjusted EBITDA” of $950 to $975 million in 2016 and stock based compensation expenses of $630 million. Is it any surprise that if you are going to give away 2/3rd of your income to management and employees as stock based compensation, investors are not going to want to own your stock? The collateral damage from this spread to other cloud software companies and one of them that is on my watch list, Atlassian Corporation Plc (TEAM), is now trading below its IPO price. This well-respected Australian software company still has its founders at the helm and makes the popular project management software called JIRA that is used by both small companies as well as Fortune 500 firms. As is usually the case with these high growth companies, the stock is trading for nearly 10 times trailing sales despite the recent drop.

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 9.42. 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 9.56. 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.

Insider Sell Buy Ratio February 7, 2016

Insider Sell Buy Ratio February 7, 2016

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. Triumph Group, Inc. (TGI): $26.9

Shares of this aircraft components manufacturer were acquired by 3 insiders:

  • President & CEO Daniel J. Crowley acquired 250,000 shares, paying $25.51 per share for a total amount of $6.38 million.
  • Director Richard C. III acquired 18,000 shares, paying $23.95 per share for a total amount of $431,172. Mr. Richard C. III increased his stake by 4.24% to 442,104 shares with this purchase.
  • Director Dawne S. Hickton acquired 5,000 shares, paying $24.98 per share for a total amount of $124,889.

You can view the list of recent insider transactions for Triumph Group, Inc. here.

P/E: 11.27 Forward P/E: 4.88 Industry P/E: 16.96
P/S: 0.34 Price/Book: 0.61 EV/EBITDA: 6.32
Market Cap: $1.33B Avg. Daily Volume: 987,624 52 Week Range: $23 – $70.68

2. Air Products and Chemicals, Inc. (APD): $135.6

Chairman, President and CEO Seifi Ghasemi acquired 50,000 shares of this supplier of industrial gases and performance material, paying $126.35 per share for a total amount of $6.32 million. Mr. Ghasemi increased his stake by 18.88% to 314,865 shares with this purchase.

You can view the list of recent insider transactions for Air Products and Chemicals, Inc. here.

P/E: 22.41 Forward P/E: 16.66 Industry P/E: 14.62
P/S: 3.03 Price/Book: 3.99 EV/EBITDA: 11.97
Market Cap: $29.24B Avg. Daily Volume: 1,682,100 52 Week Range: $114.64 – $158.2

3. Seagate Technology Public Limited Company (STX): $31.59

Shares of this data storage company were acquired by 2 insiders:

  • Chairman and CEO Stephen J. Luczo acquired 200,000 shares, paying $30.17 per share for a total amount of $6.03 million. These shares were purchased indirectly through a trust.
  • President, CSES Philip G. Brace acquired 5,000 shares, paying $29.10 per share for a total amount of $145,500. Mr. Brace increased his stake by 50.35% to 14,930 shares with this purchase.

You can view the list of recent insider transactions for Seagate Technology Public Limited Company here.

P/E: 15.92 Forward P/E: 8.45 Industry P/E: N/A
P/S: 0.78 Price/Book: 5.24 EV/EBITDA: 6.82
Market Cap: $9.36B Avg. Daily Volume: 5,231,530 52 Week Range: $26.25 – $63.39

4. CIT Group Inc. (CIT): $28.31

Shares of this financial services provider were acquired by 4 insiders:

  • Vice Chairman Steven T. Mnuchin acquired 114,623 shares, paying $27.77 per share for a total amount of $3.18 million.
  • Chairman & CEO John A. Thain acquired 50,000 shares, paying $27.31 per share for a total amount of $1.37 million. Mr. Thain increased his stake by 11.45% to 486,849 shares with this purchase.
  • Vice Chairman Ellen R. Alemany acquired 19,000 shares, paying $27.32 per share for a total amount of $519,023. Ms. Alemany increased her stake by 27.67% to 87,656 shares with this purchase.
  • Director Alan L. Frank acquired 2,000 shares, paying $27.72 per share for a total amount of $55,440. Mr. Frank increased his stake by 42.78% to 6,675 shares with this purchase.

You can view the list of recent insider transactions for CIT Group Inc. here.

P/E: 5 Forward P/E: 7.32 Industry P/E: 12.78
P/S: 2.08 Price/Book: 0.51 EV/EBITDA: N/A
Market Cap: $5.69B Avg. Daily Volume: 2,236,490 52 Week Range: $26.08 – $49.27

5. Talmer Bancorp, Inc. (TLMR): $15.5

Shares of this regional bank were acquired by 5 insiders:

  • Chief Financial Officer Dennis L. Klaeser acquired 64,800 shares, paying $16.16 per share for a total amount of $1.05 million. Mr. Klaeser increased his stake by 73.18% to 153,350 shares with this purchase.
  • President & Chief Exec Officer David T. Provost acquired 30,500 shares, paying $16.23 per share for a total amount of $494,939. Mr. Provost increased his stake by 5.02% to 638,393 shares with this purchase.
  • Chairman Gary Torgow acquired 30,500 shares, paying $16.23 per share for a total amount of $494,939. Mr. Torgow increased his stake by 5.01% to 639,340 shares with this purchase.
  • Director Barbara J. Mahone acquired 5,000 shares, paying $16.22 per share for a total amount of $81,082. Ms. Mahone increased her stake by 13.97% to 40,800 shares with this purchase.
  • Vice Chairman Gary S. Collins acquired 3,000 shares, paying $16.16 per share for a total amount of $48,480. Mr. Collins increased his stake by 4.45% to 70,480 shares with this purchase.

You can view the list of recent insider transactions for Talmer Bancorp, Inc. here.

P/E: 19.14 Forward P/E: 11.4 Industry P/E: 10.37
P/S: 3.39 Price/Book: 1.45 EV/EBITDA: N/A
Market Cap: $1.02B Avg. Daily Volume: 467,613 52 Week Range: $13.4 – $18.71

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Microsoft Corporation (MSFT): $50.16

Shares of Microsoft were sold by 2 insiders:

  • Founder Bill Gates sold 5,000,000 shares for $53.16, generating $265.79 million from the sale.
  • Chief Accounting Officer Frank H. Brod sold 4,000 shares for $54.85, generating $219,416 from the sale.

You can view the list of recent insider transactions for Microsoft Corporation here.

P/E: 35.5 Forward P/E: 16.34 Industry P/E: 24.44
P/S: 4.67 Price/Book: 5.37 EV/EBITDA: 11.14
Market Cap: $396.73B Avg. Daily Volume: 40,536,600 52 Week Range: $39.72 – $56.85

2. UnitedHealth Group Incorporated (UNH): $111.72

Shares of this health insurance provider were sold by 2 insiders:

  • Director Richard T. Burke sold 50,000 shares for $113.69, generating $5.68 million from the sale.
  • Director William C. Ballard Jr. sold 8,000 shares for $114.93, generating $919,444 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for UnitedHealth Group Incorporated here.

P/E: 18.59 Forward P/E: 12.72 Industry P/E: 22.14
P/S: 0.7 Price/Book: 3.27 EV/EBITDA: 10.01
Market Cap: $106.48B Avg. Daily Volume: 4,003,830 52 Week Range: $95 – $126.21

3. Electronic Arts Inc. (EA): $55.5

Shares of this video games company were sold by 2 insiders:

  • Chief Executive Officer Andrew Wilson sold 58,000 shares for $64.54, generating $3.74 million from the sale.
  • COO, EVP & Chief Comp. Officer Peter R. Moore sold 8,000 shares for $60.30, generating $482,424 from the sale.

You can view the list of recent insider transactions for Electronic Arts Inc. here.

P/E: 28.42 Forward P/E: 15.68 Industry P/E: 30.34
P/S: 4.27 Price/Book: 6.06 EV/EBITDA: 15.29
Market Cap: $17.25B Avg. Daily Volume: 4,663,850 52 Week Range: $53.86 – $76.92

4. Liberty Media Corporation (LMCA): $33.04

Chairman of the Board John C. Malone sold 104,000 shares of this broadcasting company for $35.36, generating $3.68 million from the sale.

You can view the list of recent insider transactions for Liberty Media Corporation here.

P/E: 120.58 Forward P/E: 34.06 Industry P/E: 18.95
P/S: 2.46 Price/Book: 1.05 EV/EBITDA: 12.04
Market Cap: $11.04B Avg. Daily Volume: 962,614 52 Week Range: $32.67 – $42.22

5. NextEra Energy, Inc. (NEE): $113.61

Shares of this electric utility company were sold by 2 insiders:

  • Treasurer Paul I. Cutler sold 19,175 shares for $111.54, generating $2.14 million from the sale. 7,000 of these shares were sold as a result of exercising options immediately prior to the sale.
  • EVP & General Counsel Charles E. Sieving sold 8,219 shares for $111.53, generating $916,684 from the sale.

You can view the list of recent insider transactions for NextEra Energy, Inc. here.

P/E: 18.75 Forward P/E: 17.4 Industry P/E: 16.29
P/S: 3 Price/Book: 2.32 EV/EBITDA: 10.38
Market Cap: $52.32B Avg. Daily Volume: 2,586,040 52 Week Range: $93.74 – $115.51

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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