In Insider Trading, a Buy at Merrimack Pharmaceuticals

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:

  • Jon Wheeler, Chairman and CEO of Wheeler Real Estate Investment Trust ( WHLR ), bought 345,000 shares of company stock for $1,449,000. Wheeler REIT specializes in acquiring, developing, owning, and leasing income-producing real estate assets like strip malls, neighborhood centers, community centers, and grocery-anchored centers.
  • Gary Crocker, a director at biopharmaceutical company Merrimack Pharmaceuticals ( MACK ), bought 207,000 shares of company stock for $769,536. Merrimack discovers and develops medicines paired with companion diagnostics for the treatment of serious diseases.
  • Investor Growth Capital bought 153,846 shares of enterprise analytics services company Mattersight ( MATR ) for $599,999.
  • Stephen Chesebro, a director at petroleum exploration and production company Harvest Natural Resources ( HNR ), bought 100,000 shares of company stock for $315,000.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Wheeler Jon S

CB,CEO

Wheeler Reit

WHLR

JB*

$1,449,000

2

Crocker Gary L

DIR

Merrimack Pharm

MACK

B

$769,536

3

Investor Gr Cap

BO

Mattersight

MATR

JB*

$599,999

4

Marubeni

DIR,BO

Aircastle

AYR

B

$561,945

5

Chesebro Stephen

DIR

Harvest Nat Res

HNR

JB*

$315,000

6

Porter Michael E

DIR

Merrimack Pharm

MACK

B

$270,185

7

Becker David B

CEO,CB,DIR

First Internet Banc

INBK

JB*

$200,000

8

Roth Ronald G

CB,DIR

Clearfield

CLFD

B

$176,050

9

Marx Moses

DIR,BO

Berkshire Bancorp

BERK

B

$175,298

10

Johnsrud Mark D

CEO,VCB

Nuverra Environ

NES

B

$169,500


Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Quadrangle Gp Inv

BO

Ntelos

NTLS

JS*

$31,440,000

2

Hi Crush Proppants

BO

Hi Crush Part

HCLP

JS*

$21,422,898

3

Evans J Michael

VCB

Goldman Sachs

GS

JS*

$11,352,737

4

Smith Thomas W

BO

Vistaprint

VPRT

S

$9,848,954

5

Hicks Thomas O

DIR

Carpenter Tech

CRS

S

$6,729,005

6

Keywell Bradley

DIR

Groupon

GRPN

AS

$4,547,500

7

Wilkinson George

PR

Actavis

ACT

S

$3,995,805

8

Meyrowitz Carol

CEO,DIR

TJX Companies

TJX

S

$3,793,116

9

Harris Joshua

MD,DIR,BO

Apollo Global

APO

AS

$3,139,608

10

Mollenkopf Steven

PR,COO

Qualcomm

QCOM

AS

$2,238,958

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights :

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are 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.

Jonathan Moreland is also the author of " Profit From Legal Insider Trading."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: HNR , MACK , MATR , WHLR

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