Top Insider Trades 4/19/12

By Jonathan Moreland, founder of Insider Insights [1] and author of Profit From Legal Insider Trading.

Which stocks are getting attention from insiders?

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, April 19, 2012 as ranked by dollar value. Company executives and directors are in the best position to assess the attractiveness of their firms’ shares, and here is how many of them are voting their wallets!

Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and further analysis of a stock’s full insider history may not indicate a significant insider signal.

But at InsiderInsights, we find significant insider signals just about every day using screens like these to determine where we should focus are subsequent fundamental and technical analysis. And while stocks don’t (and shouldn’t) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company’s or insider’s full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Analyst Note: We are currently in a slower filing period for Form 4s since many firms have the trading windows closed to their insiders until March quarter earnings are released. So the dollar values of the Top 10 transactions are smaller than usual. If past is prolog, the volume of insider filings will pick up again in earnest during the first week of May.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
Nortek [3]
NTK [3]
JB*,B
$28,175,000
2
CEO,PR,DIR
APOG [5]
B
$249,560
3
PR,CEO,DIR
EVEP [7]
B
$93,960
4
DIR,BO
FSNN [9]
JB*
$75,000
5
TT
MPV [11]
B
$59,000
6
CEO,CB,BO
OPK [13]
B
$46,364
7
DIR
MCEP [15]
B
$42,456
8
CEO,DIR
KERX [17]
B
$24,773
9
DIR
MBWM [19]
B
$18,060
10
DIR
OZRK [21]
B
$15,041

Source: InsiderInsights.com [1] | Key to Insider Title and Transaction Type Codes [22]

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
MRC [24]
JS*
$112,159,088
2
BO
AMRN [26]
S
$38,546,132
3
BO
Rite Aid [28]
RAD [28]
S
$17,227,800
4
CEO,CB,PR
Middleby [30]
MIDD [30]
AS
$2,187,465
5
BO
Conns [32]
CONN [32]
S
$1,614,351
6
BO
BGMD [34]
S
$1,320,000
7
PR
ROST [36]
S
$1,200,090
8
PR,CEO,BO
CSOD [38]
AS
$705,527
9
VP
Xerox [40]
XRX [40]
AS
$615,016
10
DIR
MRH [42]
S
$486,893

Source: InsiderInsights.com [1] | Key to Insider Title and Transaction Type Codes [22]