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Insiders Trading CALX COF CVO PSEC

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

NEW YORK ( TheStreet) -- It is a victory for common sense. Tracking the trading behavior of company executives, directors and large shareholders in the stocks of firms they're registered in as "insiders" has proven to be profitable, according to both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Monday, September 10, 2012 as ranked by dollar value. Please note, however, that these are only factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or 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 Top Insider Trades columns 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 contact us with any questions on our proprietary insider data, and how it is best analyzed.

Calix (CALX) Ashby Michael VP,CFO,DIR 50,000 278,500
Prospect Cap (PSEC) Oswald Brian CFO,CCO,SEC 23,500 274,721
Dgt (DGTC) SPH Group BO 18,900 228,849
Opko (OPK) Frost Phillip MD et al CEO,CB,BO 50,000 224,098
Dolan (DM) Christianson Tony DIR 48,105 192,535
Cenveo (CVO) Burton Robert G Sr CB,CEO,DIR 85,000 190,570
Ntn Buzztime (NTN) Berg Jeffrey CEO,DIR,BO 1,110,684 188,816
Armour Res Reit (ARR) Guba Thomas DIR 20,000 151,198
Hudson Global (HSON) Sagard BO 29,000 130,500
Jamba (JMBA) Wedbush Morgan BO 35,900 87,387
Source: Insider Insights
Capital One (COF) Ing Groep Nv DIR 54,028,088 2,984,954,624
Visa (V) Saunders Joseph CB,CEO,DIR 264,959 34,269,796
Google (GOOG) Page Lawrence CEO,DIR,BO 27,778 19,544,264
Oasis Petro (OAS) Spo Advisory BO 300,000 9,261,000
Fleetcor (FLT) Stull Steven DIR 150,000 6,627,065
Ultimate Soft (ULTI) Wilber Rick DIR 50,000 5,197,101
Medivation (MDVN) Bailey Gregory DIR 30,156 3,263,835
Laboratory (LH) Mac Mahon T DIR 35,000 3,141,044
Boston Prop (BXP) Linde Douglas PR,DIR 25,421 2,899,765
MSCI (MSCI) Pettit Cd Baer O 72,276 2,646,024
Source: Insider Insights

Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.
Jonathan Moreland is the founder of , which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.

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