Top Insider Trades: OPK, KTOS, BNNY, GCAP

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 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.
Luxor Capital BO 250,000 2,567,500
Opko Health (OPK) Frost Phillip MD CEO,CB,BO 48,300 363,403
Gain Capital (GCAP) Master Global BO 44,098 190,874
Wynnefield SmCap BO 1,200,000 156,000
Demarco Eric M PR,CEO,DIR 26,627 124,987
Patterson Scott B BO 35,520 91,476
Keating Neal J CB,PR,CEO 2,000 70,225
Atlantic Power (AT) McNeil John A DIR 12,000 61,320
First Pactrust (BANC) Nicolas Ronald J VP,CFO 5,000 56,700
Leon Guerrero E BO 4,948 47,006
Source: Insider Insights
Annies (BNNY) Ashby Molly DIR,BO 3,500,000 140,000,000
Kkr Fund BO 46,625,920 102,577,024
Stone William C CB,CEO,BO 1,250,000 32,250,000
Emeritus (ESC) Baty Daniel R CB,DIR,BO 952,800 25,725,600
Bard C R (BCR) Morfit G Mason DIR 176,072 17,837,272
Mitchell David T CEO,CB,DIR 900,000 12,064,500
Ross Stores (ROST) Balmuth Michael VCB,CEO,DIR 177,910 9,951,022
Pacira Pharm (PCRX) Sanderling Venture DIR 250,000 7,052,065
Tutor Perini (TPC) Tutor Ronald N CB,CEO,BO 200,000 3,668,435
Aecom Tech (ACM) Shum Anthony C PR 80,000 2,586,122
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.