Top Insider Trades: ACHN, BDGE, MTEX, COSI

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, Oct. 4, 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.
Achillion (ACHN) Ra Capital BO 2,800,000 8,354,089
Aircastle (AYR) Marubeni DIR,BO 30,000 526,971
Bridge (BDGE) Suskind Dennis A DIR 10,000 207,500
Bridge Bancorp (BDGE) O Connor Kevin M PR,CEO,DIR 10,000 207,500
Royce Focus Tr (FUND) George Whitney FO,DIR,BO 25,000 181,248
Emerald Oil (EOX) Setrakian Seth DIR 25,000 167,500
Mannatech (MTEX) Toth Robert DIR 5,000 114,973
Gughm Cr Al Fd (GGM) Barnes Randall C TT,DIR 3,200 75,393
COSI (COSI) Miller Lloyd I Iii BO 22,134 48,916
One Liberty Prop (OLP) Gould Fredric H VCB,DIR 2,000 39,948
Source: Insider Insights
Enduro Rly (NDRO) Enduro Resource BO 11,200,000 148,915,200
Macquarie Infra (MIC) Macquarie Inf Mgt DIR 177,000 9,469,500
DSW (DSW) Schottenstein Jay CB,DIR,BO 66,791 5,688,458
Restoration Hard (RH) Dunaj Kenneth J COO 50,000 3,259,572
Sapient (SAPE) Moore J Stuart DIR 100,000 1,572,000
Synnex (SNX) Miau Matthew DIR 24,500 1,520,358
Masonite Int (DOOR) Repar Lawrence P O 27,754 1,350,194
Istar Fncl (SFI) Sugarman Jay CB,CEO,DIR 80,246 973,587
Stryker (SYK) Stryker Ronda E DIR 14,000 943,450
Tenet (THC) Bush JE DIR 16,582 747,848
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.

If you liked this article you might like

Johnson & Johnson Shuts Insulin Pump Business, Inks Other Deals

Johnson & Johnson Shuts Insulin Pump Business, Inks Other Deals

S&P 500 Reaches New Record as Stocks Rally Amid Subsiding Irma, North Korea Fears
Dow, S&P 500 on Track for Best Day in 6 Months as Irma Worries Ease
Achillion Shares Are Plunging on Termination of Hepatitis C Pact

Achillion Shares Are Plunging on Termination of Hepatitis C Pact