Insiders Trading PM, DOLE, LHCG, NPO

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 Wednesday, August 8, 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 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.
Dole Food Co (DOLE) Murdock David H CB,DIR,BO 789,500 9,799,274
Rlj Acquisition (RLJA) Rlj Spac Acquisition BO 200,000 1,986,650
Legend International (LGDI) Regals Capital Mgt BO 23,431,180 1,640,183
Lhc (LHCG) Coliseum Capital Mgt BO 84,546 1,398,679
Pacific Biosciences Of California (PACB) Hunkapiller Michael CB,CEO,PR 400,000 699,785
American Capital Agency (AGNC) Kain Gary D PR,CIO 20,000 655,000
Enpro Industries (NPO) Macadam Stephen E PR,CEO,DIR 13,900 462,175
Investors Real Estate Trust (IRET) Miller Jeffrey L DIR 16,000 400,000
Viacom (VIAB) Redstone Sumner M CB,DIR,BO 8,000 381,416
Investors Real Estate Trust (IRET) Wentz Thomas A Jr VP,COO,DIR 12,000 300,000
Source: Insider Insights
Google (GOOG) Brin Sergey F,DIR,BO 83,334 53,372,120
Kellogg (K) Kellogg W K Foundation BO 200,000 10,047,660
Linkedin (LNKD) Nishar Dipchand VP 66,537 7,187,133
Philip Morris Intl (PM) Camilleri Louis C CB,CEO,DIR 50,000 4,635,590
Reachlocal (RLOC) Rho Ventures V BO 300,000 3,843,325
MSC Industrial Direct (MSM) Jacobson Mitchell DIR,BO 50,000 3,525,000
MSC Industrial Direct (MSM) Gershwind Erik PR,COO,DIR 44,500 3,132,173
First American Financial (FAF) Kennedy Parker S DIR 161,567 2,989,382
Western Refining (WNR) Francis L Frederick DIR 100,000 2,522,300
Philip Morris Intl (PM) Calantzopoulos Andre COO 25,000 2,300,000
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 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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