Insider Trading 16 August 2013: Kinder Morgan Director Buying

August 18th, 2013
in contributors

by Asif Suria

Insider buying decreased with insiders purchasing $94.72 million of their stock last week compared to $168.85 million in the week prior. Selling also decreased with insiders selling $1.43 billion of stock last week compared to $2.23 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week decreased to 15.14. In other words, insiders sold more than 15 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 13.19.

Follow up:

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 August 16, 2013

Insider Sell Buy Ratio August 16, 2013

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. Kinder Morgan, Inc. (KMI): $37.44

Director Fayez Sarofim acquired 400,000 shares of this oil & gas pipelines company, paying $37.68 per share for a total amount of $15.07 million. Mr. Sarofim increased his stake by 1.82% to 22,389,655 shares with this purchase.

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

P/E: 39.29 Forward P/E: 23.85 Industry P/E: N/A
P/S: 3.14 Price/Book: 2.85 EV/EBITDA: 13.86
Market Cap: $38.78B Avg. Daily Volume: 3,942,930 52 Week Range: $31.93 – $41.49

2. Green Mountain Coffee Roasters, Inc. (GMCR): $76.38

Director A D. Mackay acquired 14,000 shares of this specialty coffee company, paying $75.14 per share for a total amount of $1.05 million. Mr. Mackay increased his stake by 280.00% to 19,000 shares with this purchase. 9,000 of these shares were purchased by Mr. Mackay’s wife’s trust.

You can view the list of recent insider transactions for Green Mountain Coffee Roasters, Inc. here.

P/E: 26.29 Forward P/E: 20.42 Industry P/E: N/A
P/S: 2.61 Price/Book: 4.38 EV/EBITDA: 12.2
Market Cap: $11.50B Avg. Daily Volume: 3,761,100 52 Week Range: $21.33 – $82.95

3. Valeant Pharmaceuticals International, Inc. (VRX): $103

Shares of this Canadian pharmaceutical company were acquired by 2 insiders:

  • EVP, Administration and CHCO Brian M. Stolz acquired 4,500 shares, paying $100.71 per share for a total amount of $453,197. Mr. Stolz increased his stake by 16.27% to 32,156 shares with this purchase.
  • EVP, Company Group Chairman Laizer Kornwasser acquired 3,500 shares, paying $100.36 per share for a total amount of $351,247. Mr. Kornwasser increased his stake by 87.50% to 7,500 shares with this purchase.

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

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 7.8 Price/Book: 8.41 EV/EBITDA: 15.69
Market Cap: $31.49B Avg. Daily Volume: 1,883,240 52 Week Range: $50.24 – $105.40

4. Mead Johnson Nutrition Company (MJN): $76.11

Director James M. Cornelius acquired 10,000 shares of this manufacturer of nutritional products for infants and children, paying $75.99 per share for a total amount of $759,900. Mr. Cornelius increased his stake by 9.75% to 112,554 shares with this purchase.

You can view the list of recent insider transactions for Mead Johnson Nutrition Company here.

P/E: 25.55 Forward P/E: 21.32 Industry P/E: N/A
P/S: 3.87 Price/Book: 105.31 EV/EBITDA: 16.62
Market Cap: $15.40B Avg. Daily Volume: 2,071,140 52 Week Range: $61.27 – $86.87

5. Halozyme Therapeutics, Inc. (HALO): $6.8

Director Kathryn E. Falberg acquired 100,000 shares of this biotech company, paying $6.82 per share for a total amount of $681,645. Ms. Falberg increased her stake by 55.56% to 280,000 shares with this purchase.

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

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 14.57 Price/Book: 69.9 EV/EBITDA: -11.14
Market Cap: $764.90M Avg. Daily Volume: 1,490,760 52 Week Range: $4.8 – $8.84

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

Notable Insider Sales:

1. Rex Energy Corporation (REXX): $20.45

Shares of this oil and gas exploration company were sold by 3 insiders:

  • Director Lance T. Shaner sold 2,500,000 shares for $20.24, generating $50.59 million from the sale.
  • Sr. VP of Exploration David E. Pratt sold 9,634 shares for $21.49, generating $207,038 from the sale.
  • Chief Accounting Officer Curtis J. Walker sold 5,000 shares for $21.50, generating $107,500 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 Rex Energy Corporation here.

P/E: 222.28 Forward P/E: 18.76 Industry P/E: N/A
P/S: 5.78 Price/Book: 2.54 EV/EBITDA: 16.2
Market Cap: $1.07B Avg. Daily Volume: 605,605 52 Week Range: $11.69 – $22.08

2. Liberty Interactive Corporation (LINTA): $22.085

Shares of this video and online commerce company were sold by 2 insiders:

  • Chairman of the Board John C. Malone sold 398,000 shares for $32.80, generating $13.05 million from the sale.
  • Director David E. Rapley sold 830 shares for $27.15, generating $22,533 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 Liberty Interactive Corporation here.

P/E: 8.71 Forward P/E: 16.73 Industry P/E: N/A
P/S: 1.09 Price/Book: 1.64 EV/EBITDA: 8.77
Market Cap: $11.49B Avg. Daily Volume: 1,834,640 52 Week Range: $17.04 – $25.25

3. Middleby Corp. (MIDD): $189.922

CEO, Chairman, President Selim A. Bassoul sold 106,103 shares of this commercial food equipment company for $201.96, generating $21.43 million from the sale.

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

P/E: 27.1 Forward P/E: 20.51 Industry P/E: N/A
P/S: 2.87 Price/Book: 4.91 EV/EBITDA: 17.39
Market Cap: $3.53B Avg. Daily Volume: 89,705 52 Week Range: $110.35 – $211.99

4. Apple Inc. (AAPL): $502.33

Senior Vice President Philip W. Schiller sold 37,172 shares of Apple for $500.00, generating $18.59 million from the sale.

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

P/E: 12.53 Forward P/E: 11.87 Industry P/E: N/A
P/S: 2.67 Price/Book: 3.67 EV/EBITDA: 6.93
Market Cap: $456.37B Avg. Daily Volume: 12,404,900 52 Week Range: $385.1 – $705.07

5. Alexion Pharmaceuticals, Inc. (ALXN): $105

CEO Leonard Bell sold 140,000 shares of this biotech company for $106.08, generating $14.85 million from the sale.

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

P/E: 59.86 Forward P/E: 31.53 Industry P/E: N/A
P/S: 15.68 Price/Book: 9.37 EV/EBITDA: 42.24
Market Cap: $20.53B Avg. Daily Volume: 1,592,100 52 Week Range: $81.82 – $125.65

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















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