June 28th, 2015
by Asif Suria
Insider buying increased last week with insiders buying $57.81 million of stock compared to $43.68 million in the week prior. Selling on the other hand declined with insiders selling $870.92 million of stock last week compared to $953.04 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 dropped to 15.07. In other words, insiders sold more than 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 21.82.
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 June 26, 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. DDR Corp. (DDR): $15.85
Director Alexander Otto acquired 1,000,000 shares of this shopping center REIT, paying $16.05 per share for a total amount of $16.05 million. Mr. Otto increased his stake by 2.46% to 41,669,736 shares with this purchase.
You can view the list of recent insider transactions for DDR Corp. here.
|P/E: N/A||Forward P/E: 12.19||Industry P/E: 14.04|
|P/S: 5.67||Price/Book: 1.83||EV/EBITDA: 18.03|
|Market Cap: $5.72B||Avg. Daily Volume: 3,643,150||52 Week Range: $15.73 – $20.41|
2. Restoration Hardware Holdings, Inc. (RH): $99.35
Director Thomas D. Mottola acquired 20,830 shares of this home furnishing company, paying $96.01 per share for a total amount of $1.99 million. Mr. Mottola increased his stake by 250.06% to 29,160 shares with this purchase.
You can view the list of recent insider transactions for Restoration Hardware Holdings, Inc. here.
|P/E: 42.88||Forward P/E: 25.54||Industry P/E: 41.45|
|P/S: 1.99||Price/Book: 5.32||EV/EBITDA: 19.56|
|Market Cap: $3.97B||Avg. Daily Volume: 734,522||52 Week Range: $69.8 – $102|
3. Opko Health, Inc. (OPK): $15.97
CEO & Chairman Phillip Frost M.D. acquired 104,000 shares of this medical devices and drug development company, paying $15.40 per share for a total amount of $1.6 million. These shares were acquired 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: 199.62||Industry P/E: 31.05|
|P/S: 71.4||Price/Book: 8.61||EV/EBITDA: -74.29|
|Market Cap: $7.40B||Avg. Daily Volume: 3,835,140||52 Week Range: $8.02 – $19.2|
4. Basic Energy Services, Inc. (BAS): $7.46
Director Steven A. Webster acquired 148,500 shares of this oil and gas services provider, paying $7.25 per share for a total amount of $1.08 million. Mr. Webster increased his stake by 10.72% to 1,533,691 shares with this purchase. 73,500 of these shares were purchased indirectly by Mr. Webster’s spouse.
You can view the list of recent insider transactions for Basic Energy Services, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 17.32|
|P/S: 0.2||Price/Book: 0.94||EV/EBITDA: 4.06|
|Market Cap: $318.07M||Avg. Daily Volume: 2,919,800||52 Week Range: $5 – $29.84|
5. MBIA Inc. (MBI): $8.32
Chief Executive Officer Joseph W. Brown acquired 75,000 shares of this insurance company, paying $8.98 per share for a total amount of $673,226. Mr. Brown increased his stake by 2.03% to 3,765,772 shares with this purchase.
You can view the list of recent insider transactions for MBIA Inc. here.
|P/E: 4.59||Forward P/E: 19.81||Industry P/E: 13.23|
|P/S: 1.47||Price/Book: 0.4||EV/EBITDA: N/A|
|Market Cap: $1.51B||Avg. Daily Volume: 2,814,500||52 Week Range: $7.92 – $11.77|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Twitter, Inc. (TWTR): $35.26
Director Evan Clark Williams sold 372,000 shares of Twitter for $35.63, generating $13.25 million from the sale. 349,680 of these shares were sold indirectly by various trusts.
You can view the list of recent insider transactions for Twitter, Inc. here.
|P/E: N/A||Forward P/E: 52.63||Industry P/E: 45.78|
|P/S: 14.34||Price/Book: 6.18||EV/EBITDA: -63.46|
|Market Cap: $23.68B||Avg. Daily Volume: 22,086,000||52 Week Range: $33.51 – $55.99|
2. Fidelity National Information Services, Inc. (FIS): $63.37
Corporate EVP Paul Luc Robert Heyvaert sold 127,222 shares of this banking and payments technology company for $64.17, generating $8.16 million from the sale.
You can view the list of recent insider transactions for Fidelity National Information Services, Inc. here.
|P/E: 28.69||Forward P/E: 17.13||Industry P/E: 18.65|
|P/S: 2.78||Price/Book: 2.81||EV/EBITDA: 14.17|
|Market Cap: $17.96B||Avg. Daily Volume: 1,404,550||52 Week Range: $51.38 – $68.98|
3. Cubic Corporation (CUB): $49.57
Exec. Chairman of the Board Walter C. Zable sold 134,453 shares of this scientific & technical Instruments company for $49.53, generating $6,658,950 from the sale. These shares were sold indirectly through a trust.
You can view the list of recent insider transactions for Cubic Corporation here.
|P/E: 33.98||Forward P/E: 17.45||Industry P/E: 28|
|P/S: 0.96||Price/Book: 1.8||EV/EBITDA: 9.85|
|Market Cap: $1.33B||Avg. Daily Volume: 123,165||52 Week Range: $40.69 – $55.73|
4. HFF, Inc. (HF): $42.76
President Joe Thornton Jr sold 64,250 shares of this property management company for $43.50, generating $2.79 million from the sale.
You can view the list of recent insider transactions for HFF, Inc. here.
|P/E: 24.35||Forward P/E: 19.53||Industry P/E: 16|
|P/S: 3.68||Price/Book: 12.25||EV/EBITDA: 20.33|
|Market Cap: $1.62B||Avg. Daily Volume: 226,680||52 Week Range: $25.78 – $44.07|
5. Boston Beer Co. Inc. (SAM): $237.62
Chairman James C. Koch sold 19,900 shares of this beverage company for $246.74, generating $4.9 million from the sale.
You can view the list of recent insider transactions for Boston Beer Co. Inc. here.
|P/E: 33.61||Forward P/E: 26.82||Industry P/E: 22.93|
|P/S: 3.45||Price/Book: 6.4||EV/EBITDA: 16.3|
|Market Cap: $3.17B||Avg. Daily Volume: 127,305||52 Week Range: $210.03 – $325|
You can view the full list of sales from this Insider Sales page.