Insiders Trading AQQ, RAD, FRAN, RAS

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

NEW YORK ( TheStreet) -- Which insiders are selling and buying chunks of stocks?

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Monday, April 23, 2012 as ranked by dollar value. Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets! Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction.

Nortek (NTK) Ares Corp Opp Fd BO 210,000 8,610,000
American Spectrum Realty (AQQ) Carden William J CEO,PR,BO 214,340 919,519
Rait Financial Trust (RAS) Rima Senvest Mgt BO 75,784 352,099
TUMI (TUMI) Gromek Joseph R DIR 12,000 312,000
Huntington Bancshares (HBAN) Steinour Stephen D PR,CEO,CB 18,150 117,689
Investors Heritage Capital (IHRC) Tap O 4,040 90,900
Fulton Financial (FULT) Morrison Albert III DIR 5,000 51,400
Opko Health (OPK) Frost Phillip MD et al CEO,CB,BO 10,000 48,700
Northern Technologies (NTIC) Nigon Richard DIR 3,000 38,999
Air T (AIRT) AO Partners BO 3,632 34,986
Source: Insider Insights
Rite Aid (RAD) Jean Coutu BO 44,800,000 67,200,840
Delphi Automotive (DLPH) Paulson & Co BO 300,000 9,675,000
Francesca S (FRAN) Malik Khalid Mir VP,GC 216,424 5,973,303
Kellogg (K) Kellogg WK Foundation BO 72,100 3,897,834
Rsc (RRR) Olsson Erik PR,CEO,DIR 161,264 3,755,839
Mellanox Technologies (MLNX) Waldman Eyal CEO,DIR 56,661 3,216,345
Douglas Emmett (DEI) Emmett Dan A CB,DIR,BO 140,000 3,168,200
Francesca S (FRAN) Scharfenberger Joseph Michael Jr DIR 110,025 3,036,690
Chubb (CB) Small Lawrence M DIR 14,290 1,020,878
Heico (HEI) Mendelson Laurans A CB,CEO,BO 20,000 1,016,666
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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