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 Monday, April 15, 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.
Esterline Tech (ESL) Winship Henry W DIR 28,000 2,111,500
Calamos Ast Mgt (CLMS) Calamos John P CB,CEO,
47,102 517,771
Support.Com (SPRT) RGM Capital BO 100,000 397,820
Aerovironment (AVAV) Fishman Arnold L DIR 17,584 319,057
Magnetek (MAG) Marxe & Greenhouse BO 7,341 115,511
Casella Waste (CWST) Johnson Edwin D PR,COO 20,000 81,000
Zweig Tot Ret Fd (ZTR) Neel Carlton VP 5,000 64,800
Zweig Fund (ZF) Neel Carlton VP 5,000 64,250
Royce Focus Tr (FUND) George W Whitney VP,FO,BO 8,704 59,622
Tel Offshore Tr (TELOZ) Rimmer Roy T Jr BO 28,309 59,251
Source: Insider Insights
Metals Usa (MUSA) Apollo Mgt BO 19,728,650 407,396,608
LTD Brands (LTD) Wexner Leslie H CB,CEO,BO 1,500,000 73,980,000
Journal (JRN) MSDC Mgt BO 441,884 3,066,432
Medivation (MDVN) Hung David PR,CEO,
50,000 2,631,030
MSC (MSM) Jacobson Mitchell DIR,BO 14,699 1,151,362
Pacira Pharm (PCRX) Wicki Andreas DIR 34,894 1,046,820
Career (CECO) Blum Capital BO 449,038 965,027
Signet (SIG) Ristau Ronald W CFO 12,000 822,360
Mead Johnson (MJN) Golsby Stephen W PR,CEO,DIR 10,000 770,525
Thermon (THR) Alexander George VP,SO 30,000 629,400
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.