Insiders Trading IMAX, HTWR, NAV, ABM

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, July 16, 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, not always even the most important metric that determines if an insider transaction is significant.

We should also relay that early July is a seasonally slow filing period for insider transactions, so the dollar values of the records below are likely smaller than they will be in August.

At Insider Insights, we find significant insider signals just about every day using screens like these 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.
Holly Energy Partners (HEP) Hollyfrontier BO 1,029,900 54,996,660
Navistar International (NAV) Icahn Carl C BO 226,774 5,210,616
IMAX (IMAX) Douglas Kevin BO 183,600 4,302,032
Abm Industries (ABM) Ferguson Phil DIR 5,000 90,076
Kingsway Financial (KFS) Stilwell Joseph DIR,BO 5,700 13,794
Helios Total Return Fund (HTR) Russell Dowe Michelle Lyn VP 2,000 12,556
Stag Industrial (STAG) Weger Hans S DIR 852 12,499
LGL (LGL) Gabelli Mario J BO 1,780 11,303
Stag Industrial (STAG) Guillemette Larry T DIR 767 11,252
Jacksonville Bancorp (JXSB) Williams John C VP,DIR 600 9,761
Source: Insider Insights
Heartware International (HTWR) Harrison Seth Loring DIR 28,794 2,595,534
Stryker (SYK) Stryker Ronda E DIR 27,000 1,426,045
Select Medical (SEM) Talalai James J VP,COO 100,000 1,082,850
Apollo Comml RE Finance (ARI) Athene BO 58,096 971,818
Blackrock Kelso Capital (BKCC) Virginia Retirement System BO 82,730 799,312
HCP (HCP) Roath Kenneth B DIR 15,000 675,000
ServiceSource International (SREV) Smerklo Michael A CEO,CB,DIR 50,000 625,163
Ironwood Pharmaceuticals (IRWD) FMR BO 35,313 486,628
Limited Brands (LTD) Tessler Allan R DIR 10,000 459,997
Bristol Myers Squibb (BMY) Cornelius James M DIR 10,000 351,000
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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