Insiders Trading ZZ, WFM, HLSS, EL

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 Thursday, August 23, 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.
Dole Food Co (DOLE) Murdock David H CB,DIR,BO 907,285 11,341,062
Sealy (ZZ) H Partners Management BO 1,800,000 2,880,000
Zipcar (ZIP) Case Stephen M DIR,BO 361,989 2,878,103
Home Loan Servicing (HLSS) Erbey William C DIR 34,882 535,477
Icts International (ICTS) Atzmon Menachem DIR 128,840 270,564
H & E Equipment (HEES) Arnold Paul DIR 10,000 186,764
Opko Health (OPK) Frost Phillip MD et al CEO,CB,BO 35,000 153,402
Invesco Mortgage Capital (IVR) Day John DIR 6,000 149,700
Farmers & Merch Banc (FMCB) Sanguinetti Kevin DIR 350 131,250
Valhi (VHI) Simmons Harold C CB,DIR,BO 10,100 131,240
Source: Insider Insights
Whole Foods Market (WFM) Green Equity Investors V DIR 454,290 43,203,252
Estee Lauder (EL) 1992 Grat Trust William Lauder TT,BO 115,385 6,965,408
First Pactrust Bancorp (FPTB) Sugarman Steven CEO,DIR 417,827 5,013,924
Zillow (Z) Barton Richard N CB,DIR,BO 89,868 3,420,802
Federal Rlty Inv Tr (FRT) Wood Donald C TT,PR,CEO,DIR 29,328 3,141,998
Douglas Emmett (DEI) Anderson Christopher H DIR 100,000 2,347,000
Kkr And (KKR) Janetschek William J CFO 150,000 2,179,500
Magnegas (MNGA) Global Alpha BO 652,173 1,819,563
Active Network (ACTV) Green L Stephen DIR 121,221 1,384,378
Schulman A (SHLM) Mitarotonda James A DIR 50,000 1,217,933
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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