Insiders Trading ICPT JNS PCS FAST

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, October 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, 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.
Intercept Pharm (ICPT) Akkaraju Srinivas DIR 700,000 10,500,000
Viasat (VSAT) FPR Partners BO 200,000 7,919,860
Janus Capital (JNS) Dai Ichi Life Ins BO 800,000 7,128,191
Intercept Pharm (ICPT) Orbimed Advisors BO 333,334 5,000,010
Tronox (TROX) Casey Thomas CB,CEO,DIR 119,971 2,999,995
Cracker Barrel (CBRL) Biglari Sardar BO 34,000 2,266,765
Unifi (UFI) Langone Kenneth G DIR 95,000 1,128,125
Nexpoint Credit Strat Fd (HCF) Dondero James D O 148,174 1,015,273
Lucas Energy (LEI) Meson Capital BO 529,893 991,375
Pimco (PTY) Gross William H O 26,500 537,871
Source: Insider Insights
Unifi (UFI) Sams William M O 1,622,410 19,266,119
Fastenal (FAST) Kierlin Robert A DIR 100,000 4,525,570
MetroPCS Comms (PCS) Ta Assoc O 295,800 3,389,202
Visa (V) Lucio Antonio O 18,800 2,622,412
Blackrock (BKCC) VA Retirement BO 256,400 2,564,615
Linkedin (LNKD) Sze David L DIR 13,384 1,468,818
Unifi (UFI) Present Suzanne DIR 122,410 1,453,619
Walker & Dunlop (WD) Credit Suisse Ag BO 80,685 1,291,775
Priceline.Com (PCLN) Boyd Jeffery H PR,CEO,DIR 2,000 1,185,868
Wiley John (JWA) Pesce William J DIR 25,000 1,125,500
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.