In Insider Trading, Bill Gates Sells Microsoft Shares While Spectrum Brands and Opko Health See Purchases

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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 filed with the SEC on Thursday, April 25, 2013.

Purchases: Harbinger Group ( HRG ) bought 87,9000 shares of consumer products company Spectrum Brands ( SPB ) for $5,012,550. The company's range of products is wide: It sells Rayovac Batteries, Stanley Hardware, Cutter bug spray, and Perfect Coat pet grooming products. Harbinger is the majority stockholder of Spectrum Brands, owning 30,189,386 shares of company stock, worth $1,707,813,566.02 at the current stock price of $56.57. The company's stock is up 64.16% since this time last year and 25.68% year-to-date, though it has recently slumped downward from its $59 close on Tuesday.

Phillip Frost, the Chairman and CEO of pharmaceuticals and diagnostics company Opko Health ( OPK ), bought 100,000 shares of company stock for $692,447. On April 24, the company announced it would be buying the Israeli biopharmaceutical company PROLOR Biotech (NYSEAMEX:PBTH) in an all-stock deal intended to expand Opko's portfolio of specialty drugs. The deal, valued at $480 million, put a 20% premium on PROLOR's stock price at the close on Tuesday (PROLOR's stock price is 14.03% for the week and Opko's is down 1.42% for the same period).

Sales: Bill Gates sold 12,605,492 shares of Microsoft ( MSFT ) for $390,360,320. A recent report was published by Soluto ranking the best performing Windows-equipped laptops for April 2013, and Apple's ( AAPL ) MacBook Pro 13 (it can run Windows) took first place. Despite this, Microsoft has performed well year-to-date, increasing 17.89% since the beginning of 2013, though it is down 1.94% since this time last year.

Apollo Management Group (APO) sold 17,383,802 shares of plastic consumer packaging and engineered materials provider Berry Plastics (BERY) for $285,181,280. Apollo is the top institutional holder of Berry Plastics and still owns 49,531,672 shares of company stock after the sale. The company operates in three segments: Rigid Packaging, Flexible Packaging, and Engineered Materials. The company's stock price is down 6.81% since this time last month, though it is up 12.31% YTD.

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

1

Harbinger

BO

Spectrum Brands

SPB

B

$5,012,550

2

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$692,447

3

Wooten M Rhem

VP

Hannon Armstrong

HASI

JB*

$300,000

4

Gaiam

DIR,BO

Real Goods Solar

RSOL

JB*

$99,999

5

Brogan Joseph J

VCB,DIR

BCB Bancorp

BCBP

B

$93,380

6

Giddiens Ronald N

DIR

First Finl Bank

FFIN

B

$59,752

7

Osborne Richard J

DIR

Hannon Armstrong

HASI

B

$56,500

8

Jeanquart Louis

DIR

Baylake

BYLK

B

$18,800

9

Quinlan Mark D

VP

Firstmerit

FMER

B

$16,790

10

Grant David

CEO,DIR

Mediashift

MSHF

JB*

$15,000

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

1

Gates William H III

DIR

Microsoft

MSFT

AS

$390,360,320

2

Apollo Mgt Gp

BO

Berry Plastics

BERY

JS*

$285,181,280

3

Housenbold Jeffrey

PR,CEO,DIR

Shutterfly

SFLY

AS

$6,136,275

4

Farrington Deborah

DIR

Netsuite

N

AS

$3,786,276

5

Ryder Robert P

VP,CFO

Constellation Brands

STZ

S

$3,619,463

6

Jacobson Mitchell

DIR,BO

MSC Industrial

MSM

S

$3,531,150

7

Phalen James S

VP

State Street

STT

S

$1,710,845

8

O Shea Paul J

VP,DIR

Enstar

ESGR

AS

$1,199,389

9

Elfers Jane T

PR,CEO,DIR

Childrens Place

PLCE

AS

$760,984

10

Rottenberg Erika

VP,GC,SEC

LinkedIn

LNKD

AS

$750,646

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."

Follow me on Twitter: @JoshWolonick and @Minyanville



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 , Technology

Referenced Stocks: AAPL , HRG , MSFT , OPK , SPB

Minyanville

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