Top Insider Trades: SNTA, NHF, ARCP, AYR

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, Nov 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 InsiderInsights.com, 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.
Synta Pharm (SNTA) Kovner Bruce DIR,BO 5,000,000 18,750,000
Ellington Fncl (EFC) Vranos Michael W FO,DIR,BO 500,000 11,637,500
Innerworkings (INWK) Sagard Capital BO 201,900 1,278,027
Nexpoint Cr St Fd (NHF) Highland Capital O 113,799 1,000,362
Accuride (ACW) Coliseum Cap BO 250,000 807,500
Synta Pharm (SNTA) Gollust Keith R DIR 150,000 562,500
Aircstle (AYR) Marubeni DIR,BO 25,600 485,499
Amer Rlty Cap (ARCP) Schorsch Nicholas CB,CEO 30,000 397,290
Research Sol (RSSS) Bristol Inv Fd BO 162,500 325,000
Opko Health (OPK) Frost Phillip Md CEO,CB,BO 25,600 258,328
Source: Insider Insights
Kar Auction (KAR) Kar II BO 27,481,070 745,836,224
Strategic Hotels (BEE) Woodbridge BO 8,000,000 67,200,000
Validus Holdings (VR) Greenberg Jeffrey DIR 1,500,000 59,325,000
Diamondback Enrg (FANG) Wexford Capital BO 748,687 39,894,668
Diamondback Enrg (FANG) Db Energy BO 705,009 37,567,232
Google (GOOG) Page Lawrence CEO,DIR,BO 33,336 34,501,872
Pricesmart (PSMT) Price Robert E DIR,BO 174,472 20,242,242
21st Century Fox (FOX) Murdoch James R COO,CB,CEO 455,000 15,001,350
CBS (CBS) Moonves L CEO,DIR 233,810 14,139,449
Agilysys (AGYS) Mak Capital One BO 1,115,805 12,969,373
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 InsiderInsights.com, 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 TheStreet.com 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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