In Insider Trading, Achillion Pharmaceuticals Sees a Major Purchase

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

Notable Purchases:

  • Boston-based investment adviser Ra Capital Management bought 2,800,000 shares of biopharmaceutical company Achillion Pharmaceuticals ( ACHN ) for $8,354,089. Achillion focuses on the discovery, development, and commercialization of treatments for infectious diseases. This purchase was filed with the SEC on the same day -- Monday, September 30 -- as a major sale of company stock by QVT Associates GP LLC.
  • At bank holding company Bridge Bancorp ( BDGE ), Director Dennis Suskind and President and CEO Kevin O'Connor both bought 10,000 shares of company stock for $207,500.
  • Robert Toth, a director at global wellness solution provider Mannatech ( MTEX ), bought 5,000 shares of company stock for $114,973.
  • The independent investor Lloyd I. Miller III bought 22,134 shares of restaurant franchise company Cosi ( COSI ) for $48,916.

For more insider trading, see the charts below.

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

1

Ra Capital Mgt

BO

Achillion Pharm

ACHN

B

$8,354,089

2

Marubeni

DIR,BO

Aircastle

AYR

B

$526,971

3

Suskind Dennis A

DIR

Bridge Bancorp

BDGE

JB*

$207,500

4

O Connor Kevin M

PR,CEO,DIR

Bridge Bancorp

BDGE

JB*

$207,500

5

George Whitney

FO,DIR,BO

Royce Focus Tr

FUND

JB*

$181,248

6

Setrakian Seth

DIR

Emerald Oil

EOX

JB*

$167,500

7

Toth Robert

DIR

Mannatech

MTEX

B

$114,973

8

Barnes Randall C

TT,DIR

Gughm Cr Al Fd

GGM

B

$75,393

9

Miller Lloyd I Iii

BO

COSI

COSI

B

$48,916

10

Gould Fredric H

VCB,DIR

One Liberty Prop

OLP

B

$39,948


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

1

Enduro Resource

BO

Enduro Royalty

NDRO

JS*

$148,915,200

2

Macquarie Inf Mgt

DIR

Macquarie Infra

MIC

AS

$9,469,500

3

Schottenstein Jay

CB,DIR,BO

DSW

DSW

S

$5,688,458

4

Dunaj Kenneth J

COO

Restoration Hard

RH

S

$3,259,572

5

Moore J Stuart

DIR

Sapient

SAPE

AS

$1,572,000

6

Miau Matthew

DIR

Synnex

SNX

S

$1,520,358

7

Repar Lawrence P

O

Masonite Intl

DOOR

AS

$1,350,194

8

Sugarman Jay

CB,CEO,DIR

Istar Financial

SFI

AS

$973,587

9

Stryker Ronda E

DIR

Stryker

SYK

AS

$943,450

10

Bush John Ellis

DIR

Tenet Healthcare

THC

AS

$747,848

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: ACHN , BDGE , COSI , MTEX

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