In Insider Trading, Blackstone Sells Majority of SeaWorld Shares

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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:

  • Michael Pearson, CEO of multinational, specialty pharmaceutical company Valeant Pharmaceuticals International ( VRX ), bought 184,247 shares of company stock for $14,999,548.
  • Jeffrey Bird, a director at the biopharmaceutical company Horizon Pharma ( HZNP ), bought 668,673 shares of company stock for $4,346,375.
  • Frederick Disanto, a director at diversified banking services company LNB Bancorp ( LNBB ), bought 50,000 shares of company stock for $515,000.
Notable Sale:
  • Blackstone Holdings III, a subsidiary of The Blackstone Group ( BX ), sold 19,500,000 shares of theme park and entertainment company SeaWorld Entertainment ( SEAS ) for $563,062,516. Another Blackstone subsidiary, Blackstone Capital Partners, sold 17,000,000 shares of Pinnacle Foods Inc (PF) for $437,697,312.
For more insider trades, see the charts below.

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

1

Pearson J Michael

CEO


Valeant Pharm Intl

VRX

JB*

$14,999,548

2

Smith Jeffrey C

DIR,BO

Office Depot

ODP

B

$7,047,910

3

Healthcare Vent

BO

Tetralogic Pharm

TLOG

JB*

$4,994,241

4

Bird Jeffrey W

DIR

Horizon Pharma

HZNP

B

$4,346,375

5

Ayala Orlando

DIR

Centene

CNC

B

$992,816

6

Marubeni

DIR,BO

Aircastle

AYR

B

$552,867

7

Ullman Myron

DIR

Starbucks

SBUX

B

$535,010

8

Disanto Frederick

DIR

Lnb Bancorp

LNBB

B,JB*

$515,000

9

Gutierrez Carlos M

DIR

Occidental Petroleum

OXY

B

$456,615

10

McCormack John

BO

Intl Isotopes

INIS

B

$311,062


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

1

Blackstone

BO

Seaworld Ent

SEAS

JS*

$563,062,516

2

Blackstone

BO

Pinnacle Foods

PF

JS*

$437,697,312

3

Apollo Mgt Gp

BO

Taminco

TAM

JS*

$191,625,824

4

Apollo Mgt Gp

BO

Evertec

EVTC

JS*

$187,106,720

5

Popular

DIR,BO

Evertec

EVTC

JS*

$117,885,000

6

Gulfport Energy

DIR,BO

Diamondback Energy

FANG

S

$15,416,520

7

Harris Joshua

MD,DIR,BO

Apollo Global

APO

AS

$6,774,237

8

Albers Mark W

VP

Exxon Mobil

XOM

S

$5,092,331

9

Khoury Amin J

CB,CEO

B E Aerospace

BEAV

S

$4,998,408

10

Tredwell Daniel P

DIR

Trimas

TRS

AS

$4,520,550

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: BX , HZNP , LNBB , SEAS , VRX

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