In Insider Trading: Harbinger Group Buys More Shares of Spectrum Brands, and Yelp Sees a Sale

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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 Monday, May 13, 2013.

Purchases: The privately owned hedge fund sponsor SPO Advisory bought 6,273,000 shares of independent oil and gas company Resolute Energy ( REN ) for $50,439,310. The company explores and develops oil and gas properties in Utah, Wyoming, North Dakota, and Texas. On May 6, the company reported earnings for Q1 2013, with a loss per share of $0.05, down from earnings per share of $0.05 in Q1 2012. Revenue came in at $78.9 million, a 24.17% increase from the year-before quarter. And as far as the production of oil and gas, net production has increased by 37% since Q1 2012. The company's stock price is up 3.44% year-to-date; it has decreased 7.38% since this time last year.

The holding company Harbinger Group Inc. ( HRG ) bought 47,000 shares of diversified consumer products company Spectrum Brands ( SPB ) for $2,700,095, increasing its total stake in the company to 30,514,686 shares (it is by far Spectrum's majority shareholder). This is Harbinger's tenth purchase of Spectrum stock since the beginning of April. Spectrum's array of brands includes Rayovac batteries, Black & Decker power tools, and Remington grooming products. Harbinger Group reported its fiscal Q2 2013 results on May 9, with revenue of $1.4 billion, up 28% year-over-year, but with net loss of $0.33 per share, compared to a net loss of $0.03 per share in fiscal Q2 2012. In addition to Spectrum, Harbinger holds insurance companies Fidelity and Guaranty Life Holdings and Front Street Re, financial companies including Salus Capital Partners and Five Island Management, and a partnership with energy company EXCO ( XCO ). Harbinger's stock price is up 89.6% since this time last year, while Spectrum's stock price has increased by 82.15%.

Michael Tokarz, a Director of coal company Walter Energy ( WLT ), bought 25,000 shares of company stock for $475,000. Walter Energy produces and exports metallurgical coal for the global steel industry, but also produces steam coal, coal bed methane gas, and metallurgical coke. This is Tokarz's third purchase of company stock since April 29. Due in part to the decline in the price of metals, the company reported on May 2 that earnings fell by 40% in the first quarter of 2013. The company's stock price is down 47.46% YTD, and it is down 69.39% since this time last year.

Sales: Deer Vi & Co. LLC sold 246,300 shares of online directory and social network company Yelp (YELP) for $7,614,674. Yelp connects people with local businesses by allowing users to post reviews of restaurants, boutiques, dentists, salons, mechanics, and more. Yelp provides a range of free and paid services for those businesses to help them engage potential customers. On May 1, the company released Q1 2013 earnings, with a loss of $0.08 per share, compared to a loss of $0.31 in the year-before quarter, and revenue of $46.1 million, up 68%. The stock's price jumped from $25.30 to as high as $32.22 on May 2. Now, the stock trades at $31.15, which is up 65.04% YTD and up 55.24% since this time last year.

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

1

SPO Advisory

BO

Resolute Energy

REN

B,JB*

$50,439,310

2

Harbinger

BO

Spectrum Brands

SPB

B

$2,700,095

3

Deming Claiborne P

DIR

Murphy Oil

MUR

B

$1,915,948

4

Okumus OV Fd

BO

Vocus

VOCS

B,JB*

$940,897

5

Teche Bank ESOP

BO

Teche Holding

TSH

JB*

$708,564

6

Tokarz Michael T

DIR

Walter Energy

WLT

B

$475,000

7

Sennott John L

VP

Alleghany

Y

B

$393,938

8

Nelson Glen D

DIR

Cardiovascular Sys

CSII

B

$333,139

9

Diemer Richard J Jr

VP,CFO

Polyone

POL

B

$241,709

10

Mansfield William L

DIR

Axiall

AXLL

B

$231,800


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

1

C Dubilier & Rice Fd

BO

Hertz Global

HTZ

JS*

$411,494,144

2

Wexford Capital

BO

EPL Oil & Gas

EPL

S

$12,954,665

3

Deer Vi & Co

DIR,BO

YELP

YELP

S

$7,614,674

4

Hagedorn Partnership

BO

Scotts Miracle Gro

SMG

S

$7,074,888

5

Barton Richard N

CB,DIR,BO

Zillow

Z

S

$6,340,071

6

McCallister Michael

DIR

Humana

HUM

S

$5,051,833

7

Jacobson Mitchell

DIR,BO

MSC Industrial

MSM

S

$3,680,458

8

Hall Eugene A

CEO,DIR

Gartner

IT

S

$3,216,716

9

Malino Gary M

PR,COO

Realty Income

O

S

$3,194,758

10

Putnam James S

DIR

Lpl Financial

LPLA

AS

$2,520,000

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

Referenced Stocks: HRG , REN , SPB , WLT , XCO

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