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Top Insider Trades: NAV, TXI, INFI, AGCO

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 Tuesday, April 16, 2013 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 InsiderInsights.com, 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.

AGCO (AGCO) Srinivasan M. DIR 80,373 3,917,866
Texas Ind (TXI) Lanigan Bernard DIR 8,000 476,215
Bkf Cap. (BKFG) Bronson Steven CEO,DIR,BO 325,456 341,729
Navistar (NAV) Pope John DIR 6,370 199,270
Wet Seal (WTSL) Davey Lynda DIR 62,500 199,231
Guidance (GUID) RGM Cap. BO 10,900 116,705
Support (SPRT) RGM Cap. BO 17,201 65,364
Tel Offshore (TELOZ) Rimmer Roy BO 24,649 52,256
Calamos (CLMS) Calamos John CB,CEO,BO 4,205 46,249
Solazyme (SZYM) Strauch Roger BO 5,000 37,597
Source: Insider Insights
Infinity (INFI) Beacon BO 5,708,282 219,198,032
Bard C R (BCR) Morfit G Mason DIR 300,000 30,720,000
Google (GOOG) Doerr L John DIR 5,305 4,167,438
Asset Accept (AACC) Nierenberg BO 430,478 2,800,662
Boston Beer (SAM) Koch C James CB,DIR,BO 12,000 1,884,419
SLM (SLM) Munitz Barry DIR 70,600 1,482,621
Priceline (PCLN) Boyd Jeffery H PR,CEO,DIR 2,000 1,466,111
Stryker (SYK) Stryker Ronda DIR 21,000 1,379,379
MetroPCS (PCS) Linquist Roger CEO,DIR 100,000 1,103,950
Costco (COST) Sinegal James DIR 8,000 843,600
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 InsiderInsights.com, 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 TheStreet.com 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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