Top Insider Trades: CVRR CIE AEGR TY

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 Friday, Jan. 18, 2013 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.
CVR (CVRR) Icahn Carl DIR,BO 4,000,000 100,000,000
Davita (DVA) Berkshire Hathaway BO 42,400 4,720,319
Aegerion (AEGR) Perceptive BO 50,000 1,336,285
CVR (CVRR) Intrieri Vincent DIR 20,000 500,000
Tri Continental (TY) King David O 15,000 252,682
Usa Comp. (USAC) Long Eric DIR 12,500 225,000
Heico (HEIA) Macau Carlos VP,CFO,TR 3,000 100,757
Kronos (KRO) Simmons Glenn DIR 5,000 95,875
Bingo.Com (BNGOF) Williams Tryon CB,DIR,BO 177,000 72,188
Kingsway (KFS) Hannon Gregory DIR 12,975 52,240
Source: Insider Insights
Cobalt (CIE) First Reserve BO 10,000,000 250,000,000
Enersys (ENS) Craig John CB,PR,CEO 125,000 5,041,850
Scotts (SMG) Hagedorn James BO 49,697 2,212,014
Kellogg (K) Kellogg WK Fdn BO 28,500 1,644,795
IHS (IHS) Yergin Daniel VCB 13,337 1,331,130
Exlservice (EXLS) Talwar Vikram CB,DIR 39,218 1,138,730
JPMorgan (JPM) Zames Matthew COO 23,695 1,100,633
Dunkin (DNKN) Luther Jon L DIR 24,000 835,920
BMY (BMY) Cornelius James DIR 20,000 686,600
Hub (HUBG) Yeager Mark VCB,PR,COO 14,713 514,955
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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