posted on 27 December 2015
by Asif Suria
Insider buying declined significantly last week with insiders buying $60.29 million of stock compared to $308.73 million in the week prior. Selling also decreased with insiders selling $522.92 million of stock last week compared to $871.89 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 8.67. In other words, insiders sold more than 8 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 2.82. 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 December 25, 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. Prospect Capital Corporation (PSEC): $7.29
Shares of this business development company were acquired by 2 insiders:
You can view the list of recent insider transactions for Prospect Capital Corporation here.
2. Actuant Corporation (ATU): $24.77
Shares of this diversified machinery company were acquired by 3 insiders:
You can view the list of recent insider transactions for Actuant Corporation here.
3. Sears Holdings Corporation (SHLD): $20.79
Shares of this department stores chain were acquired by 2 insiders:
There were some sales of Sears reported by Mr. Berkowitz as well but those were sales from managed accounts as instructed by clients. It is interesting to see both Mr. Lampert and Mr. Berkowitz continue to accumulate shares. Between them and their various entities, they already own more than half of the company.
You can view the list of recent insider transactions for Sears Holdings Corporation here.
4. Plains GP Holdings, L.P. (PAGP): $9.89
Director John T. Raymond acquired 423,954 shares of this logistics provider for crude oil and natural gas products, paying $7.40 per share for a total amount of $3.14 million. Mr. Raymond increased his stake by 282.64% to 573,954 shares with this purchase.
You can view the list of recent insider transactions for Plains GP Holdings, L.P. here.
5. EXCO Resources Inc. (XCO): $1.13
Director John C. Wilder acquired 2,592,848 shares of this independent oil and natural gas company, paying $0.96 per share for a total amount of $2.49 million. These shares were purchased indirectly by Energy Strategic Advisory Services LLC.
You can view the list of recent insider transactions for EXCO Resources Inc. here.
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. IRadimed Corporation (IRMD): $26.18
CEO, President Roger E. Susi sold 1,043,479 shares of this medical appliances & equipment company for $23.28, generating $24.29 million from the sale. These shares were sold indirectly through a trust.
You can view the list of recent insider transactions for IRadimed Corporation here.
2. SL Green Realty Corp. (SLG): $113.05
Chief Executive Officer Marc Holliday sold 145,000 shares of this office REIT for $110.25, generating $15.99 million rom the sale. 34,656 of these shares were sold indirectly by Holliday Family Investments, LLC.
You can view the list of recent insider transactions for SL Green Realty Corp. here.
3. Six Flags Entertainment Corporation (SIX): $54.63
Shares of this theme park operator were sold by 2 insiders:
You can view the list of recent insider transactions for Six Flags Entertainment Corporation here.
4. salesforce.com, inc. (CRM): $77.83
Shares of this software-as-a-service (SaaS) provider were sold by 4 insiders:
You can view the list of recent insider transactions for salesforce.com, inc. here.
5. Hawaiian Holdings Inc. (HA): $37.15
Director Zac Hirzel sold 142,130 shares of this airline company for $37.57, generating $5.34 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.
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.
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