Insider Buying

Insider Weekends – November 20, 2015

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November 22, 2015 | Insider Buying | Author Asif

Welcome to edition 283 of Insider Weekends. Insider buying decreased last week with insiders buying $132.46 million of stock compared to $193.44 million in the week prior. Selling also decreased with insiders selling $2.15 billion of stock last week compared to $2.88 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 went up to 16.24. In other words, insiders sold more than 16 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 14.87. 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 November 20, 2015

Insider Sell Buy Ratio November 20, 2015

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. Southern Copper Corp. (SCCO): $27.34

Chairman of the Board German Larrea Velasco acquired 271,000 shares of this copper mining company, paying $26.36 per share for a total amount of $7.14 million. Mr. Velasco increased his stake by 11.96% to 2,536,567 shares with this purchase.

This is the fourth time in the last three months we have reported on large insider purchases by Mr. Mota-Velasco. We wrote the following about the company last month after one of his purchases,

“With copper prices close to a six year low, Mr. Mota-Velasco has purchased large quantities of Southern Copper stock over the last year. This Mexican mining mogul has obviously been early in expecting an end to this commodities bear market. Considering he has been the Chairman of the company since 1999, he has probably seen the behavior of commodity prices over several business cycles.

Despite low copper prices, the company remains solidly profitable and its balance sheet is not as leveraged as some of its peers.”

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

P/E: 21.46 Forward P/E: 20.1 Industry P/E: 14.65
P/S: 3.99 Price/Book: 3.81 EV/EBITDA: 11.28
Market Cap: $21.47B Avg. Daily Volume: 1,830,400 52 Week Range: $23.41 – $33.31

2. SolarCity Corporation (SCTY): $29.04

Chairman of the Board and 10% owner Elon Musk acquired 198,615 shares of this solar systems installer, paying $26.45 per share for a total amount of $5.25 million. These shares were purchased indirectly through a trust.

Following his $7.79 million purchase last week, the stock rebounded more than 12% this week. We wrote the following about the company last week,

“SolarCity has seen its stock drop nearly 45% in the last month, vindicating short-sellers like Jim Chanos (45% of the float was short as of October 30, 2015) who have claimed that the company is a subprime financing company. The entire sector has been in turmoil following lackluster results from companies like SunEdison (SUNE) that missed analyst expectations.”

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

P/E: N/A Forward P/E: N/A Industry P/E: 21.82
P/S: 7.87 Price/Book: 3.44 EV/EBITDA: -11.61
Market Cap: $2.83B Avg. Daily Volume: 3,742,090 52 Week Range: $24.07 – $63.79

3. Anadarko Petroleum Corporation (APC): $58.74

Director Peter J. Fluor acquired 50,000 shares of this independent oil & gas company, paying $60.81 per share for a total amount of $3.04 million. Mr. Fluor increased his stake by 168.02% to 79,758 shares with this purchase.

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

P/E: N/A Forward P/E: N/A Industry P/E: 10.99
P/S: 2.79 Price/Book: 2.15 EV/EBITDA: 10.92
Market Cap: $29.85B Avg. Daily Volume: 5,431,070 52 Week Range: $57.86 – $95.94

4. Scientific Games Corporation (SGMS): $8.3

Shares of this casino and lottery equipment provider were acquired by 3 insiders:

  • Director Ronald O. Perelman acquired 300,000 shares, paying $8.02 per share for a total amount of $2.41 million. These shares were purchased indirectly by MacAndrews & Forbes Inc.
  • President and CEO Michael Gavin Isaacs acquired 30,000 shares, paying $7.96 per share for a total amount of $238,800. Mr. Isaacs increased his stake by 203.33% to 44,754 shares with this purchase.

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

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 0.29 Price/Book: N/A EV/EBITDA: 13.03
Market Cap: $715.72M Avg. Daily Volume: 1,175,850 52 Week Range: $7.51 – $17.12

5. Ares Management, L.P. (ARES): $14

Shares of this asset management company were acquired by 3 insiders:

  • Co-Founder & Partner David B. Kaplan acquired 91,667 shares, paying $13.85 per share for a total amount of $1.27 million. These shares were purchased indirectly by Trently Holdings, LLC.
  • Co-Founder & Partner Bennett Rosenthal acquired 91,666 shares, paying $13.82 per share for a total amount of $1.27 million. These shares were purchased indirectly through a trust.
  • EVP, CLO & Secretary Michael D. Weiner acquired 5,000 shares, paying $13.81 per share for a total amount of $69,050. Mr. Weiner increased his stake by 17.27% to 33,947 shares with this purchase.

You can view the list of recent insider transactions for Ares Management, L.P. here.

P/E: 52.43 Forward P/E: 7.91 Industry P/E: 15.16
P/S: 3.58 Price/Book: 4.31 EV/EBITDA: 40.29
Market Cap: $1.13B Avg. Daily Volume: 74,846 52 Week Range: $13.56 – $21.84

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

Notable Insider Sales:

1. Hawaiian Holdings Inc. (HA): $37.73

Shares of this airline company were sold by 2 insiders:

  • Director Zac Hirzel sold 500,000 shares for $35.87, generating $17.93 million from the sale. These shares were sold indirecty by Hirzel Capital.
  • President and CEO Mark B. Dunkerley sold 71,000 shares for $35.15, generating $2.49 million from the sale.

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

P/E: 15.33 Forward P/E: 11.75 Industry P/E: 14.62
P/S: 0.84 Price/Book: 5.2 EV/EBITDA: 5.37
Market Cap: $2.01B Avg. Daily Volume: 1,205,840 52 Week Range: $18.01 – $38.52

2. ServiceNow, Inc. (NOW): $86.19

Shares of this software-as-a-service provider were sold by 3 insiders:

  • Director Paul V. Barber sold 100,000 shares for $84.43, generating $8.44 million from the sale. These shares were sold indirectly through a trust.
  • Chief Operating Officer Daniel McGee sold 68,750 shares for $85.62, generating $5.89 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Chief Financial Officer Michael Scarpelli sold 40,000 shares for $83.23, generating $3.33 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 ServiceNow, Inc. here.

P/E: N/A Forward P/E: 151.21 Industry P/E: 20.39
P/S: 14.85 Price/Book: 26.22 EV/EBITDA: -116.98
Market Cap: $13.70B Avg. Daily Volume: 1,385,110 52 Week Range: $59.58 – $87.21

3. Extra Space Storage Inc. (EXR): $82.94

Executive Chairman Kenneth M. Woolley sold 200,000 shares of this self-storage facilities REIT for $80.68, generating $16.14 million from the sale.

You can view the list of recent insider transactions for Extra Space Storage Inc. here.

P/E: 43.65 Forward P/E: 23.17 Industry P/E: 37.31
P/S: 13.63 Price/Book: 4.73 EV/EBITDA: 27.54
Market Cap: $10.24B Avg. Daily Volume: 1,013,410 52 Week Range: $56.85 – $83.06

4. Nevro Corp. (NVRO): $52.61

Shares of this medical device company were sold by 3 insiders:

  • Director Wilfred E. Jaeger sold 175,000 shares for $52.24, generating $9.14 million from the sale. These shares were sold indirectly by Three Arch Partners IV, L.P.
  • Chief Executive Officer Michael F. Demane sold 40,001 shares for $50.52, generating $2.02 million from the sale. Some of these shares were sold indirectly through a trust and 26,667 shares were sold from direct holdings.
  • Chief Financial Officer Andrew H. Galligan sold 20,000 shares for $51.29, generating $1.03 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

Mr. Market’s bipolar nature is all the more interesting when you consider companies like Nevro. While some high growth unprofitable companies have recently seen big declines in their stock prices, Nevro trades at 32 times sales. Yes sales, not earnings.

The company has experienced high double-digit growth in revenue and its chronic pain management device was approved by the FDA ahead of schedule this May. There is always the possibility that the company might grow into this valuation or get acquired by Johnson & Johnson (JNJ), Medtronic (MDT) or Novo Nordisk (NVO), each of which hold a stake a company. However the company has posted operating losses in each of the last three quarters that exceeds the revenue generated in each of those quarters. For a company with a market cap of $1.47 billion, revenue for 2015 is expected to be $60.5 million (mid-point of company’s guidance).

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

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 31.68 Price/Book: 5.99 EV/EBITDA: -22.62
Market Cap: $1.47B Avg. Daily Volume: 475,345 52 Week Range: $26.51 – $65.5

5. Regeneron Pharmaceuticals, Inc. (REGN): $579.57

Shares of this biotech company were sold by 2 insiders:

  • Chairman of the Board P. Roy Vagelos sold 17,240 shares for $587.90, generating $10.14 million from the sale.
  • Director George L. Sing sold 3,500 shares for $580.00, generating $2.03 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 Regeneron Pharmaceuticals, Inc. here.

P/E: 114.47 Forward P/E: 38.95 Industry P/E: 27.17
P/S: 15.78 Price/Book: 18.22 EV/EBITDA: 45.09
Market Cap: $61.46B Avg. Daily Volume: 917,298 52 Week Range: $383.87 – $605.93

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

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

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Insider Weekends – November 13, 2015

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November 15, 2015 | Insider Buying | Author Asif

Welcome to edition 282 of Insider Weekends. Insider buying increased significantly last week with insiders buying $193.44 million of stock compared to $39.44 million in the week prior. Selling also increased with insiders selling $2.88 billion of stock last week compared to $1.36 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 down to 14.87. In other words, insiders sold almost 15 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 34.56. 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 November 13, 2015

Insider Sell Buy Ratio November 13, 2015

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:

Beyond the top 5 purchases mentioned below, there were several other interesting insider purchases that did not make the list. Some of these purchases include the Chairman of copper mining company Southern Copper (SCCO) picking up an additional $5.2 million worth of stock, a cluster of purchases by three insiders of fertilizer company CF Industries (CF), a purchase by the CEO of medical equipment company MiMedx (MDXG), purchases by a cluster of 5 insiders of ethanol producer Pacific Ethanol (PEIX) and a purchase by the CEO of footwear company Crocs (CROX).

1. Restaurant Brands International Inc. (QSR): $35.55

Shares of this operator of Burger King and Tim Hortons were acquired by 2 insiders:

  • Director Carlos Alberto Sicupira acquired 196,000 shares, paying $35.56 per share for a total amount of $6.97 million. These shares were acquired indirectly through Lobstertail Corporation.
  • Director Paul J. Fribourg acquired 112,700 shares, paying $35.47 per share for a total amount of $3.99 million. Mr. Fribourg increased his stake by 243.18% to 159,045 shares with this purchase.

Mr. Sicupira is a partner at Brazilian private equity firm 3G Capital that teamed up with Warren Buffet to acquire Burger King and then merged the company with Tim Hortons. These two purchases follow a purchase by another director last week.

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

P/E: N/A Forward P/E: 27.35 Industry P/E: N/A
P/S: 2.1 Price/Book: 4.92 EV/EBITDA: 14.15
Market Cap: $7.20B Avg. Daily Volume: 1,039,650 52 Week Range: $34.19 – $45.71

2. SolarCity Corporation (SCTY): $25.85

Chairman of the Board and 10% owner Elon Musk acquired 307,152 shares of this solar systems installer, paying $25.35 per share for a total amount of $7.79 million. These shares were purchased indirectly through a trust.

SolarCity has seen its stock drop nearly 45% in the last month, vindicating short-sellers like Jim Chanos (45% of the float was short as of October 30, 2015) who have claimed that the company is a subprime financing company. The entire sector has been in turmoil following lackluster results from companies like SunEdison (SUNE) that missed analyst expectations.

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

P/E: N/A Forward P/E: N/A Industry P/E: 21.82
P/S: 6.87 Price/Book: 3 EV/EBITDA: -10.87
Market Cap: $2.52B Avg. Daily Volume: 3,503,860 52 Week Range: $24.07 – $63.79

3. POZEN Inc. (POZN): $7.15

Chief Executive Officer Adrian Adams acquired 1,000,000 shares of this drug manufacturer, paying $6.55 per share for a total amount of $6.55 million. Mr. Adams increased his stake by 51.42% to 2,944,888 shares with this purchase.

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

P/E: N/A Forward P/E: 238.33 Industry P/E: 28.4
P/S: 8.56 Price/Book: 7.46 EV/EBITDA: -210.55
Market Cap: $234.36M Avg. Daily Volume: 546,551 52 Week Range: $5.49 – $12.69

4. Kinder Morgan, Inc. (KMI): $23.35

Shares of this oil & gas pipelines company were acquired by 3 insiders:

  • Director Michael C. Morgan acquired 126,300 shares, paying $24.64 per share for a total amount of $3.11 million. These shares were acquired indirectly through a fund.
  • Executive Chairman Richard D. Kinder acquired 100,000 shares, paying $24.69 per share for a total amount of $2.47 million. Mr. Kinder increased his stake by 0.04% to 234,212,353 shares with this purchase.
  • V.P.(Pres. Nat. Gas Pipelines) Thomas A. Martin acquired 10,000 shares, paying $24.48 per share for a total amount of $244,800. Mr. Martin increased his stake by 1.02% to 995,069 shares with this purchase.

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

P/E: 44.31 Forward P/E: 28.13 Industry P/E: 25.23
P/S: 3.56 Price/Book: 1.47 EV/EBITDA: 15
Market Cap: $52.11B Avg. Daily Volume: 17,780,100 52 Week Range: $22.57 – $44.71

5. NorthStar Realty Finance Corp. (NRF): $17.5

Shares of this commercial REIT were acquired by 2 insiders:

  • Executive Chairman of NSAM David T. Hamamoto acquired 137,700 shares, paying $19.11 per share for a total amount of $2.63 million. Mr. Hamamoto increased his stake by 72.26% to 328,272 shares with this purchase.
  • CEO and President of NSAM Albert Tylis acquired 50,000 shares, paying $19.05 per share for a total amount of $952,500.

You can view the list of recent insider transactions for NorthStar Realty Finance Corp. here.

P/E: N/A Forward P/E: N/A Industry P/E: 19.74
P/S: N/A Price/Book: N/A EV/EBITDA: N/A
Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $16.5 – $39.48

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

Notable Insider Sales:

1. Valeant Pharmaceuticals International, Inc. (VRX): $75.41

Chief Executive Officer Michael J. Pearson sold 1,297,399 shares of this Canadian pharmaceutical company for $78.48, generating $101.83 million from the sale.

These shares were sold as a result of a margin call by Goldman Sachs to pay off personal loans made to Mr. Pearson. We wrote the following about the company three weeks ago following an insider purchase by a director of the company.

“This purchase occurred as two transactions on October 21st, the day when the stock went for a wild ride and dropped more than 40% from a high of $148.66 to $88.50 before it was halted. The decline in Valeant stock was triggered by allegations by well known short-selling firm Citron Research that Valeant was creating “phantom sales” through speciality pharmacies and engaging in channel stuffing. Citron’s research note titled “Valeant: Could this be the Pharmaceutical Enron?” certainly spooked investors as any reference to fraud and Enron is likely to do.

Valeant’s response categorically denied Citron’s allegations and the stock bounced back when it resumed trading. There are a number of players on both sides of this trade and for further color you can check out this Canadian fund manager’s interview on BNN as well as Citron’s founder calling Valeant’s response amateurish on Bloomberg. Investors are anxiously awaiting Valeant’s conference call scheduled on Monday to address Citron’s allegations in more detail.

The stock was already under pressure over the last few months declining from a high of $263.81 on August 6 to current levels as a result of a federal investigation into the company for raising the prices of two of its drugs by 525 and 212 percent. These price increases came under increased scrutiny following the backlash suffered by Turing Pharmaceuticals when it shocked the nation by raising the price of a 62 year old drug by 5,000%.”

You can view the list of recent insider transactions for Valeant Pharmaceuticals International, Inc. here.

P/E: 43.31 Forward P/E: N/A Industry P/E: N/A
P/S: 2.54 Price/Book: 3.99 EV/EBITDA: 11.13
Market Cap: $25.73B Avg. Daily Volume: 11,354,300 52 Week Range: $72.09 – $263.81

2. Facebook, Inc. (FB): $103.95

Director Marc L. Andreessen sold 890,491 shares of Facebook for $107.94, generating $96.12 million from the sale. These shares were sold indirectly through a trust.

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

P/E: 104.37 Forward P/E: 36.35 Industry P/E: 35.56
P/S: 19.17 Price/Book: 7.34 EV/EBITDA: 43.54
Market Cap: $293.97B Avg. Daily Volume: 30,716,900 52 Week Range: $72 – $110.65

3. The Ultimate Software Group, Inc. (ULTI): $199.83

Shares of this software-as-a-service (SAAS) provider were sold by 6 insiders:

  • Chairman, President and CEO Scott Scherr sold 44,183 shares for $204.18, generating $9.02 million from the sale.
  • Vice-Chairman & COO Marc D. Scherr sold 30,644 shares for $204.45, generating $6.27 million from the sale.
  • Exec. VP, CFO and Treasurer Mitchell K. Dauerman sold 16,127 shares for $204.27, generating $3.29 million from the sale.
  • Senior VP, Technology Adam Rogers sold 10,326 shares for $204.18, generating $2.11 million from the sale.
  • Senior VP, Enterprise Sales Gregory Swick sold 8,469 shares for $204.16, generating $1.73 million from the sale.
  • Director Leroy Vander Putten sold 1,136 shares for $205.76, generating $233,745 from the sale.

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

P/E: 232.63 Forward P/E: 63.44 Industry P/E: 39.38
P/S: 10.06 Price/Book: 17.76 EV/EBITDA: 87.52
Market Cap: $5.73B Avg. Daily Volume: 255,851 52 Week Range: $138.64 – $216.27

4. First Solar, Inc. (FSLR): $52.72

Shares of this solar energy company were sold by 9 insiders:

  • Chief Executive Officer James Alton Hughes sold 95,899 shares for $55.43, generating $5.32 million from the sale.
  • Chief Financial Officer Mark R. Widmar sold 88,333 shares for $55.07, generating $4.86 million from the sale.
  • President, US Georges Antoun sold 88,333 shares for $55.29, generating $4.88 million from the sale.
  • Chief Operating Officer Philip Dejong sold 45,000 shares for $55.06, generating $2.48 million from the sale.
  • Chief Technology Officer Raffi Garabedian sold 45,000 shares for $55.13, generating $2.48 million from the sale.
  • President, International Joseph Kishkill sold 21,208 shares for $55.44, generating $1.18 million from the sale.
  • SVP, Human Resources Christopher Bueter sold 16,667 shares for $55.02, generating $917,068 from the sale.
  • SVP, Corp Dev & Strategic Marketing Timothy Brian Rebhorn sold 16,525 shares for $55.59, generating $918,554 from the sale.
  • EVP, General Counsel Paul J. Kaleta sold 8,461 shares for $55.59, generating $470,323 from the sale.

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

P/E: 9.3 Forward P/E: 13.48 Industry P/E: 21.82
P/S: 1.49 Price/Book: 1.01 EV/EBITDA: 4.68
Market Cap: $5.32B Avg. Daily Volume: 1,921,350 52 Week Range: $39.18 – $65.5

5. The Greenbrier Companies, Inc. (GBX): $31.95

Shares of this Oregon based railroad freight car equipment company were sold by 2 insiders:

  • President & CEO William A. Furman sold 433,917 shares for $36.50, generating $15.84 million from the sale.
  • SVP & CCO William Glenn sold 19,000 shares for $36.10, generating $685,957 from the sale.

You can view the list of recent insider transactions for The Greenbrier Companies, Inc. here.

P/E: 5.39 Forward P/E: 6.78 Industry P/E: 19.79
P/S: 0.35 Price/Book: 1.26 EV/EBITDA: 2.55
Market Cap: $909.44M Avg. Daily Volume: 683,506 52 Week Range: $30.35 – $67.45

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

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

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Insider Weekends – November 6, 2015

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November 7, 2015 | Insider Buying | Author Asif

Welcome to edition 281 of Insider Weekends. Insider buying dropped significantly last week with insiders buying $39.44 million of stock compared to $122.24 million in the week prior. Selling remained unchanged with insiders selling $1.36 billion of stock last week.

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 34.56. In other words, insiders sold almost 35 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 11.14. 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 November 6, 2015

Insider Sell Buy Ratio November 6, 2015

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. Healthways Inc. (HWAY): $12.38

Shares of this personalized health services provider were acquired by 5 insiders:

  • Director Conan Laughlin acquired 350,000 shares, paying $11.51 per share for a total amount of $4.03 million. These shares were purchased indirectly through a fund.
  • Director Robert J. Greczyn Jr. acquired 11,000 shares, paying $11.40 per share for a total amount of $125,380. Mr. Greczyn increased his stake by 177.33% to 17,203 shares with this purchase.
  • President and CEO Donato Tramuto acquired 8,740 shares, paying $11.47 per share for a total amount of $100,248. Mr. Tramuto increased his stake by 2.96% to 304,186 shares with this purchase.
  • Director Mary Jane England acquired 4,401 shares, paying $11.38 per share for a total amount of $50,083. Ms. England increased her stake by 14.62% to 34,509 shares with this purchase.
  • Director Lee Shapiro acquired 4,359 shares, paying $11.42 per share for a total amount of $49,780. Mr. Shapiro increased his stake by 70.27% to 10,562 shares with this purchase.

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

P/E: N/A Forward P/E: 53.83 Industry P/E: 30.97
P/S: 0.56 Price/Book: 1.49 EV/EBITDA: 13.45
Market Cap: $445.96M Avg. Daily Volume: 369,894 52 Week Range: $9.93 – $23.3

2. Olin Corp. (OLN): $20.36

Shares of this specialty chemicals company were acquired by 9 insiders:

  • Director Richard M. Rompala acquired 50,000 shares, paying $19.51 per share for a total amount of $975,305. Mr. Rompala increased his stake by 10000.00% to 50,500 shares with this purchase.
  • Director Donald W. Bogus acquired 50,000 shares, paying $19.92 per share for a total amount of $995,820. Mr. Bogus increased his stake by 163.30% to 80,618 shares with this purchase.
  • Director Randall W. Larrimore acquired 37,500 shares, paying $19.91 per share for a total amount of $746,644. These shares were purchased indirectly through a trust.
  • SVP, Gen. Counsel & Secretary George H. Pain acquired 25,000 shares, paying $19.99 per share for a total amount of $499,805. Mr. Pain increased his stake by 26.92% to 117,866 shares with this purchase.
  • Director Philip J. Schulz acquired 21,100 shares, paying $20.08 per share for a total amount of $423,724. Mr. Schulz increased his stake by 97.23% to 42,801 shares with this purchase.
  • President, CAV & Services James A. Varilek acquired 15,000 shares, paying $19.27 per share for a total amount of $289,110. These shares were purchased indirectly through a trust.
  • Director Vince J. Smith acquired 10,000 shares, paying $19.90 per share for a total amount of $199,000. Mr. Smith increased his stake by 63.94% to 25,639 shares with this purchase.
  • VP – M&E, CAV/EPOXY/GCO John Maurice Sampson acquired 5,000 shares, paying $19.20 per share for a total amount of $95,998. Mr. Sampson increased his stake by 258.93% to 6,931 shares with this purchase.
  • President & COO John E. Fischer acquired 5,000 shares, paying $19.60 per share for a total amount of $98,005. Mr. Fischer increased his stake by 3.73% to 139,111 shares with this purchase.

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

P/E: 21.5 Forward P/E: 12.57 Industry P/E: 18.82
P/S: 0.71 Price/Book: 1.42 EV/EBITDA: 13.01
Market Cap: $3.36B Avg. Daily Volume: 3,965,550 52 Week Range: $15.73 – $34.34

3. Kinder Morgan, Inc. (KMI): $26.06

Shares of this oil & gas pipelines company were acquired by 5 insiders:

  • President and CEO Steven J. Kean acquired 18,150 shares, paying $27.43 per share for a total amount of $497,818. Mr. Kean increased his stake by 0.25% to 7,314,774 shares with this purchase.
  • V.P. & General Counsel David R. Deveau acquired 11,000 shares, paying $27.40 per share for a total amount of $301,393. Mr. Deveau increased his stake by 3.21% to 354,132 shares with this purchase.
  • V.P.(Pres. Nat. Gas Pipelines) Thomas A. Martin acquired 10,000 shares, paying $27.24 per share for a total amount of $272,414. Mr. Martin increased his stake by 1.03% to 985,069 shares with this purchase.
  • VP & Chief Financial Officer Kimberly A. Dang acquired 2,000 shares, paying $26.50 per share for a total amount of $53,000. Ms. Dang increased her stake by 0.64% to 314,937 shares with this purchase.
  • V.P. Corporate Development Dax Sanders acquired 1,000 shares, paying $27.40 per share for a total amount of $27,400. Mr. Sanders increased his stake by 0.37% to 269,927 shares with this purchase.

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

P/E: N/A Forward P/E: N/A Industry P/E: 25.23
P/S: N/A Price/Book: N/A EV/EBITDA: N/A
Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $25.2 – $44.71

4. Accelerate Diagnostics, Inc. (AXDX): $18.18

Director Jack W. Schuler acquired 64,736 shares of this medical instrumentation and diagnostics company, paying $16.81 per share for a total amount of $1.09 million. These shares were purchased indirectly through a trust.

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

P/E: N/A Forward P/E: N/A Industry P/E: 33.24
P/S: 3 Price/Book: 19.73 EV/EBITDA: -19.21
Market Cap: $813.36M Avg. Daily Volume: 165,532 52 Week Range: $14.77 – $31.29

5. Nielsen Holdings plc (NLSN): $48.05

Director James A. Attwood Jr. acquired 20,000 shares of this information and measurement company, paying $47.75 per share for a total amount of $955,000. Mr. Attwood increased his stake by 670.02% to 22,985 shares with this purchase.

Mr. Attwood is a Managing Director of private equity firm The Carlyle Group. Nielsen was acquired by Carlyle Group and five other private equity firms in 2006 and became public in January 2011.

You can view the list of recent insider transactions for Nielsen Holdings plc here.

P/E: 37.42 Forward P/E: 16.34 Industry P/E: 30.45
P/S: 2.82 Price/Book: 3.94 EV/EBITDA: 16
Market Cap: $17.49B Avg. Daily Volume: 2,244,720 52 Week Range: $40.81 – $49.37

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

Notable Insider Sales:

1. Facebook, Inc. (FB): $107.095

Shares of Facebook were sold by 3 insiders:

  • Director Marc L. Andreessen sold 620,314 shares for $103.03, generating $63.91 million from the sale. These shares were sold indirectly through a trust.
  • Chief Product Officer Christopher K. Cox sold 15,500 shares for $102.53, generating $1.59 million from the sale.
  • VP, Gen. Counsel & Secretary Colin Stretch sold 1,000 shares for $103.35, generating $103,350 from the sale.

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

P/E: 107.53 Forward P/E: 37.58 Industry P/E: 35.56
P/S: 19.16 Price/Book: 7.37 EV/EBITDA: 43.05
Market Cap: $301.75B Avg. Daily Volume: 30,482,900 52 Week Range: $72 – $110.65

2. Apple Inc. (AAPL): $121.06

Shares of Apple were sold by 3 insiders:

  • Senior Vice President Eduardo H. Cue sold 200,000 shares for $120.11, generating $24.02 million from the sale. These shares were sold indirectly through a trust.
  • Chief Executive Officer Timothy D. Cook sold 120,593 shares for $120.88, generating $14.58 million from the sale.
  • Senior Vice President Daniel J. Riccio sold 13,588 shares for $120.81, generating $1.64 million from the sale.

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

P/E: 13.13 Forward P/E: 11.2 Industry P/E: 21.67
P/S: 2.88 Price/Book: 5.65 EV/EBITDA: 8.46
Market Cap: $674.95B Avg. Daily Volume: 58,053,300 52 Week Range: $92 – $134.54

3. ServiceNow, Inc. (NOW): $85.24

Shares of this software-as-a-service provider were sold by 2 insiders:

  • Chief Product Officer Frederic B. Luddy sold 203,600 shares for $84.04, generating $17.11 million from the sale. These shares were sold indirectly through various trusts.
  • President & CEO Frank Slootman sold 150,000 shares for $81.60, generating $12.24 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 ServiceNow, Inc. here.

P/E: N/A Forward P/E: 149.54 Industry P/E: 20.39
P/S: 14.35 Price/Book: 25.47 EV/EBITDA: -112.98
Market Cap: $13.55B Avg. Daily Volume: 1,338,930 52 Week Range: $59.58 – $85.88

4. BlackRock, Inc. (BLK): $356.7

Chairman and CEO Laurence Fink sold 42,800 shares of this asset management company for $357.56, generating $15.3 million from the sale.

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

P/E: 18.34 Forward P/E: 17.12 Industry P/E: 15.16
P/S: 5.24 Price/Book: 2.14 EV/EBITDA: 11.89
Market Cap: $59.23B Avg. Daily Volume: 824,834 52 Week Range: $275 – $382.84

5. China Biologic Products, Inc. (CBPO): $114.99

Chief Executive Officer David Gao sold 108,882 shares of this biotech company for $115.20, generating $12.54 million from the sale.

You can view the list of recent insider transactions for China Biologic Products, Inc. here.

P/E: 36.4 Forward P/E: 26.62 Industry P/E: N/A
P/S: 10.62 Price/Book: 8.26 EV/EBITDA: 20.72
Market Cap: $3.05B Avg. Daily Volume: 216,209 52 Week Range: $56 – $128

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

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

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Insider Weekends – October 30, 2015

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November 1, 2015 | Insider Buying | Author Asif

Welcome to edition 280 of Insider Weekends. Insider buying more than doubled last week with insiders buying $122.24 million of stock compared to $50.95 million in the week prior. Selling also increased with insiders selling $1.36 billion of stock last week compared to $417.9 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 11.14. In other words, insiders sold more than 11 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 8.2. 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.

Insider Sell Buy Ratio October 30, 2015

Insider Sell Buy Ratio October 30, 2015

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. Greenhill & Co. Inc. (GHL): $25.82

Chief Executive Officer Scott L. Bok acquired 202,510 shares of this investment bank with a focus on mergers and acquisitions, paying $24.89 per share for a total amount of $5.04 million. Mr. Bok increased his stake by 99.33% to 406,377 shares with this purchase.

The company sports a dividend yield of 6.84%. The company not only maintained its dividend through the last financial crisis but actually increased it in early 2008. Despite the recent boom in M&A activity, the top line has not increased much at Greenhill.

You can view the list of recent insider transactions for Greenhill & Co. Inc. here.

P/E: 24.24 Forward P/E: 14.59 Industry P/E: 22.62
P/S: 2.96 Price/Book: 2.68 EV/EBITDA: N/A
Market Cap: $757.07M Avg. Daily Volume: 373,565 52 Week Range: $23.77 – $47.52

2. Vital Therapies, Inc. (VTL): $7.77

Shares of this biotherapeutic company were acquired by 3 insiders:

  • Director Muneer A. Satter acquired 400,000 shares, paying $5.50 per share for a total amount of $2.2 million. These shares were purchased indirectly through various trusts.
  • General Counsel and Secretary John Michael Dunn acquired 9,385 shares, paying $6.81 per share for a total amount of $63,933.
  • Director Cheryl Cohen acquired 3,500 shares, paying $7.17 per share for a total amount of $25,090. These shares were purchased indirectly through a trust.

Mr. Satter’s purchase was the result of participating in a secondary offering by the company but the other purchases appear to be open market purchases.

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

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: N/A Price/Book: 2.92 EV/EBITDA: -2.06
Market Cap: $228.97M Avg. Daily Volume: 874,360 52 Week Range: $2.81 – $29.67

3. Actuant Corporation (ATU): $22.8

Shares of this diversified machinery company were acquired by 4 insiders:

  • Exec. VP – Industrial Brian Kobylinski acquired 30,000 shares, paying $21.14 per share for a total amount of $634,200. Mr. Kobylinski increased his stake by 30.79% to 127,441 shares with this purchase.
  • Executive Vice President – CFO Andrew Lampereur acquired 24,900 shares, paying $21.75 per share for a total amount of $541,542. Mr. Lampereur increased his stake by 9.20% to 295,608 shares with this purchase.
  • Exec VP Engd Solutions Segment Roger Roundhouse acquired 9,200 shares, paying $21.74 per share for a total amount of $200,008. Mr. Roundhouse increased his stake by 61.02% to 24,278 shares with this purchase.
  • EVP-Human Resources Eugene Edward Skogg acquired 8,076 shares, paying $21.50 per share for a total amount of $173,634. Mr. Skogg increased his stake by 30.31% to 34,720 shares with this purchase.

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

P/E: 71.25 Forward P/E: 14.16 Industry P/E: 17.32
P/S: 1.07 Price/Book: 1.99 EV/EBITDA: 9.31
Market Cap: $1.36B Avg. Daily Volume: 865,643 52 Week Range: $17.02 – $32.36

4. 1st Constitution Bancorp (FCCY): $12.09

Director John P. Costas acquired 66,065 shares of this regional bank, paying $12.21 per share for a total amount of $806,442. Mr. Costas increased his stake by 19.38% to 407,019 shares with this purchase.

You can view the list of recent insider transactions for 1st Constitution Bancorp here.

P/E: 10.15 Forward P/E: 11.51 Industry P/E: 14.41
P/S: 2.25 Price/Book: 1 EV/EBITDA: N/A
Market Cap: $91.24M Avg. Daily Volume: 4,694 52 Week Range: $9.95 – $13.08

5. Unifi Inc. (UFI): $30.59

Shares of this textile company were acquired by 2 insiders:

  • Director Kenneth G. Langone acquired 23,765 shares, paying $29.39 per share for a total amount of $698,544. Mr. Langone increased his stake by 2.26% to 1,074,000 shares with this purchase.
  • Director William J. Armfield acquired 2,000 shares, paying $31.41 per share for a total amount of $62,820.

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

P/E: 13.27 Forward P/E: 13.07 Industry P/E: 13.22
P/S: 0.83 Price/Book: 1.94 EV/EBITDA: 11.21
Market Cap: $545.53M Avg. Daily Volume: 84,766 52 Week Range: $25.75 – $37.54

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

Notable Insider Sales:

1. Microsoft Corporation (MSFT): $52.64

Shares of Microsoft were sold by 4 insiders:

  • Founder Bill Gates sold 8,000,000 shares for $53.64, generating $429.15 million from the sale.
  • Chief Operating Officer Brian Kevin Turner sold 154,499 shares for $52.99, generating $8.19 million from the sale.
  • EVP, Chief Marketing Officer Christopher C. Capossela sold 29,000 shares for $53.59, generating $1.55 million from the sale.
  • Chief Accounting Officer Frank H. Brod sold 20,000 shares for $53.51, generating $1.07 million from the sale.

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

P/E: 35 Forward P/E: 16.93 Industry P/E: 27.27
P/S: 4.7 Price/Book: 5.5 EV/EBITDA: 11.1
Market Cap: $420.48B Avg. Daily Volume: 35,919,400 52 Week Range: $39.72 – $54.37

2. PacWest Bancorp (PACW): $45.04

Director John M. Eggemeyer III sold 1,079,235 shares of this regional bank for $45.08, generating $48.65 million from the sale. These shares were purchased indirectly by Castle Creek Capital Partners.

You can view the list of recent insider transactions for PacWest Bancorp here.

P/E: 15.54 Forward P/E: 15.16 Industry P/E: 16.18
P/S: 5.73 Price/Book: 1.31 EV/EBITDA: N/A
Market Cap: $5.41B Avg. Daily Volume: 763,845 52 Week Range: $40 – $48.86

3. Royal Caribbean Cruises Ltd. (RCL): $98.35

Shares of this cruise company were sold by 3 insiders:

  • Chairman & CEO Richard D. Fain sold 150,516 shares for $99.19, generating $14.93 million from the sale.
  • Pres., Chief Operating Officer Adam M. Goldstein sold 90,000 shares for $98.88, generating $8.89 million from the sale.
  • EVP, Maritime Harri U. Kulovaara sold 8,228 shares for $100.32, generating $825,400 from the sale.

You can view the list of recent insider transactions for Royal Caribbean Cruises Ltd. here.

P/E: 38.16 Forward P/E: 15.86 Industry P/E: 19.59
P/S: 2.62 Price/Book: 2.61 EV/EBITDA: 15.27
Market Cap: $21.64B Avg. Daily Volume: 2,194,780 52 Week Range: $65.91 – $100.39

4. Hawaiian Holdings Inc. (HA): $34.7

Shares of this airline company were sold by 9 insiders:

  • Director Zac Hirzel sold 255,867 shares for $34.98, generating $8.95 million from the sale. These shares were sold indirectly by Hirzel Capital Management.
  • EVP and CCO Peter R. Ingram sold 60,000 shares for $32.77, generating $1.97 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • SVP-Human Resources Barbara Falvey sold 40,000 shares for $33.75, generating $1.35 million from the sale.
  • President and CEO Mark B. Dunkerley sold 23,000 shares for $34.78, generating $800,000 from the sale.
  • Director Samson Poomaihealani sold 16,381 shares for $35.02, generating $573,638 from the sale.
  • Director Crystal K. Rose sold 15,000 shares for $34.66, generating $519,964 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • EVP and CAO Ronald Anderson-lehman sold 14,568 shares for $32.99, generating $480,575 from the sale.
  • Secretary Hoyt Zia sold 10,000 shares for $33.01, generating $330,073 from the sale.
  • Director Gregory Anderson sold 9,999 shares for $34.68, generating $346,725 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 Hawaiian Holdings Inc. here.

P/E: 14.1 Forward P/E: 10.91 Industry P/E: 16.85
P/S: 0.8 Price/Book: 4.91 EV/EBITDA: 5
Market Cap: $1.85B Avg. Daily Volume: 1,178,500 52 Week Range: $17.36 – $35.75

5. China Biologic Products, Inc. (CBPO): $113.94

Chief Executive Officer David Gao sold 130,660 shares of this biotech company for $107.94, generating $14.1 million from the sale.

You can view the list of recent insider transactions for China Biologic Products, Inc. here.

P/E: 36.68 Forward P/E: 26.62 Industry P/E: N/A
P/S: 10.22 Price/Book: 8.12 EV/EBITDA: 19.94
Market Cap: $2.93B Avg. Daily Volume: 214,835 52 Week Range: $56 – $128

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

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

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Insider Weekends – October 23, 2015

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October 25, 2015 | Insider Buying | Author Asif

Welcome to edition 279 of Insider Weekends. Insider buying increased last week with insiders buying $50.95 million of stock compared to $24.71 million in the week prior. Selling also increased with insiders selling $417.9 million of stock last week compared to $295.56 million in the week prior. Insider transactions are likely to stay muted over the next week or two as we get into the thick of earnings season.

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 down to 8.2. In other words, insiders sold more than 8 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 11.96. 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 October 23, 2015

Insider Sell Buy Ratio October 23, 2015

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. Wynn Resorts Ltd. (WYNN): $67.6

Director Ray R. Irani acquired 40,000 shares of this resorts & casinos operator, paying $67.99 per share for a total amount of $2.72 million. Mr. Irani increased his stake by 575.46% to 46,951 shares with this purchase.

Wynn Resorts is down more than 63% over the last year as gambling activity declined in Las Vegas and dropped sharply in Macau. With revenue down 3.9% in Vegas and 37.9% in Macau, adjusted EBITDA was down 39% in the third quarter of 2015 when compared to the same quarter last year. Wynn Resorts generated nearly 60% of its $996.3 million in Q3 revenue from Macau. A Chinese government crackdown on corruption combined with slowing growth in China are contributing to the decline in Macau operations for Wynn.

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

P/E: 35.23 Forward P/E: 17.65 Industry P/E: 18.95
P/S: 1.5 Price/Book: N/A EV/EBITDA: 12.88
Market Cap: $6.86B Avg. Daily Volume: 4,589,200 52 Week Range: $50.96 – $192.45

2. Opko Health, Inc. (OPK): $9.45

CEO & Chairman Phillip Frost M.D. acquired 31,800 shares of this medical devices and drug development company, paying $8.90 per share for a total amount of $283,101. 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: 157.5 Industry P/E: 23.81
P/S: 35.53 Price/Book: 5.01 EV/EBITDA: -44.93
Market Cap: $5.11B Avg. Daily Volume: 6,073,400 52 Week Range: $8.08 – $19.2

3. Valeant Pharmaceuticals International, Inc. (VRX): $116.16

Director Ronald Harold Farmer acquired 1,500 shares of this Canadian pharmaceutical company, paying $181.60 per share for a total amount of $272,395. Mr. Farmer increased his stake by 10.69% to 15,532 shares with this purchase. The amounts mentioned in this transaction are in Canadian Dollars as the purchase was made on the Toronto Stock Exchange.

This purchase occurred as two transactions on October 21st, the day when the stock went for a wild ride and dropped more than 40% from a high of $148.66 to $88.50 before it was halted. The decline in Valeant stock was triggered by allegations by well known short-selling firm Citron Research that Valeant was creating “phantom sales” through speciality pharmacies and engaging in channel stuffing. Citron’s research note titled “Valeant: Could this be the Pharmaceutical Enron?” certainly spooked investors as any reference to fraud and Enron is likely to do.

Valeant’s response categorically denied Citron’s allegations and the stock bounced back when it resumed trading. There are a number of players on both sides of this trade and for further color you can check out this Canadian fund manager’s interview on BNN as well as Citron’s founder calling Valeant’s response amateurish on Bloomberg. Investors are anxiously awaiting Valeant’s conference call scheduled on Monday to address Citron’s allegations in more detail.

The stock was already under pressure over the last few months declining from a high of $263.81 on August 6 to current levels as a result of a federal investigation into the company for raising the prices of two of its drugs by 525 and 212 percent. These price increases came under increased scrutiny following the backlash suffered by Turing Pharmaceuticals when it shocked the nation by raising the price of a 62 year old drug by 5,000%.

You can view the list of recent insider transactions for Valeant Pharmaceuticals International, Inc. here.

P/E: 48.18 Forward P/E: N/A Industry P/E: N/A
P/S: 4.07 Price/Book: 5.85 EV/EBITDA: 19.98
Market Cap: $39.82B Avg. Daily Volume: 6,399,330 52 Week Range: $88.5 – $263.81

4. Marriott Vacations Worldwide Corp. (VAC): $62.84

President & CEO Stephen P. Weisz acquired 4,000 shares of this vacation ownership resorts company, paying $62.43 per share for a total amount of $249,720. These shares were purchased indirectly by Mr. Weisz’s spouse.

You can view the list of recent insider transactions for Marriott Vacations Worldwide Corp. here.

P/E: 22.8 Forward P/E: 15.75 Industry P/E: 18.95
P/S: 1.41 Price/Book: 1.9 EV/EBITDA: 9.83
Market Cap: $1.95B Avg. Daily Volume: 272,368 52 Week Range: $60.28 – $93.4

5. Arctic Cat Inc. (ACAT): $19.9

Shares of this recreational vehicles company were acquired by 3 insiders:

  • President and CEO Christopher T. Metz acquired 7,500 shares, paying $16.96 per share for a total amount of $127,200. Mr. Metz increased his stake by 10.76% to 77,201 shares with this purchase.
  • Chief Financial Officer Christopher J. Eperjesy acquired 4,000 shares, paying $18.05 per share for a total amount of $72,204. Mr. Eperjesy increased his stake by 34.51% to 15,591 shares with this purchase.
  • Director D Christian Koch acquired 1,500 shares, paying $18.93 per share for a total amount of $28,401. Mr. Koch increased his stake by 20.94% to 8,663 shares with this purchase.

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

P/E: 865.22 Forward P/E: 14.21 Industry P/E: 24.23
P/S: 0.31 Price/Book: 1.2 EV/EBITDA: 25.3
Market Cap: $258.39M Avg. Daily Volume: 199,512 52 Week Range: $16.6 – $39.72

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

Notable Insider Sales:

1. Six Flags Entertainment Corporation (SIX): $52.59

Shares of this theme park operator were sold by 2 insiders:

  • Chairman, President & CEO James Reid-Anderson sold 300,000 shares for $52.05, generating $15.62 million from the sale.
  • Senior VP – Marketing Brett Petit sold 18,704 shares for $50.00, generating $935,200 from the sale. 16,750 of 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 Six Flags Entertainment Corporation here.

P/E: 77 Forward P/E: 30.05 Industry P/E: N/A
P/S: 4.16 Price/Book: 36.69 EV/EBITDA: 18.18
Market Cap: $4.98B Avg. Daily Volume: 760,860 52 Week Range: $38.88 – $53

2. The Charles Schwab Corporation (SCHW): $30.43

Chairman Charles R. Schwab sold 350,000 shares of this investment brokerage for $28.92, generating $10.12 million from the sale. These shares were sold indirectly through a trust.

You can view the list of recent insider transactions for The Charles Schwab Corporation here.

P/E: 30.74 Forward P/E: 22.71 Industry P/E: 13.33
P/S: 6.25 Price/Book: 3.35 EV/EBITDA: N/A
Market Cap: $40.03B Avg. Daily Volume: 10,308,400 52 Week Range: $25.43 – $35.72

3. Cubic Corporation (CUB): $44.98

Exec. Chairman of the Board Walter C. Zable sold 185,513 shares of this provider of transportation and defense systems for $44.25, generating $8.21 million from the sale.

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

P/E: 33.82 Forward P/E: 17.57 Industry P/E: 19.33
P/S: 0.85 Price/Book: 1.55 EV/EBITDA: 9.24
Market Cap: $1.21B Avg. Daily Volume: 154,943 52 Week Range: $39.83 – $55.73

4. FireEye, Inc. (FEYE): $27.23

Chief Strategy Officer Ashar Aziz sold 188,434 shares of this security software company for $29.19, generating $5.5 million from the sale.

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

P/E: N/A Forward P/E: N/A Industry P/E: 33.95
P/S: 8.84 Price/Book: 3.87 EV/EBITDA: -11.2
Market Cap: $4.34B Avg. Daily Volume: 5,402,810 52 Week Range: $26.73 – $55.33

5. salesforce.com, inc. (CRM): $78.56

Shares of this software-as-a-service (SaaS) provider were sold by 3 insiders:

  • Chairman of the Board & CEO Marc Benioff sold 62,500 shares for $77.57, generating $4.85 million from the sale.
  • Co-Founder Parker Harris sold 5,000 shares for $77.54, generating $387,718 from the sale.
  • Pres., Sales & Cust. Success Maria Martinez sold 2,347 shares for $78.44, generating $184,099 from the sale.

You can view the list of recent insider transactions for salesforce.com, inc. here.

P/E: N/A Forward P/E: 81.83 Industry P/E: 33.95
P/S: 8.55 Price/Book: 11.26 EV/EBITDA: 167.29
Market Cap: $51.50B Avg. Daily Volume: 3,963,180 52 Week Range: $53.44 – $79.38

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

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

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