In Insider Trading, Phillip Frost Increases Stake in Opko Health Inc. and Larry Page Sells Shares of Google Inc

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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, June 17, 2013.

Notable Purchases:

  • The Canada Pension Plan Investment Board bought 1,978,125 shares of onshore oil and natural gas company Halcon Resources Corp ( HK ) for $10,780,979.
  • Phillip Goldstein, a Director of non-diversified, close-ended management company MVC Capital, Inc. ( MVC ), bought 37,671 shares of company stock for $476,538.
  • Phillip Frost, Chairman and CEO of multi-national pharmaceutical and diagnostics company Opko Health Inc. ( OPK ), bought 47,000 shares of company stock for $322,234.
  • Terrence Jacobs, an independent director of independent natural gas and oil company Linn Energy LLC ( LINE ), bought 10,000 shares of company stock for $299,200.
Notable Sales:
  • Larry Page, the Co-Founder and CEO of Google Inc ( GOOG ), sold 20,835 shares for $18,158,676.
For more insider trades, see the charts below:

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

1

Canada Pension Plan

BO

Halcon Resources

HK

B

$10,780,979

2

Goldstein Phillip

DIR

MVC Capital

MVC

B

$476,538

3

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$322,234

4

Jacobs Terrence

O

Linn Energy

LINE

B

$299,200

5

Hart Alex W

DIR

Verifone Systems

PAY

B

$157,200

6

McKenzie Robert G

DIR

Hollyfrontier

HFC

B

$135,908

7

Chung Tony

CFO

Liquidmetal Tech

LQMT

B

$103,747

8

Eckel Jeffrey

CB,PR,CEO

Hannon Armstrong

HASI

B

$99,989

9

Weiler Alan R

DIR

Glimcher Realty

GRT

JB*

$99,619

10

Shepsman Steven H

DIR

Howard Hughes

HHC

B

$94,869

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

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

1

Ccmp Capital

BO

Generac

GNRC

JS*

$440,700,000

2

Delek Hungary

BO

Delek Us

DK

JS*

$64,360,000

3

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$18,158,676

4

Bradley Lisa

O

Asset Accept Cap

AACC

JS*

$15,715,128

5

Broadwood Partners

DIR

Questcor Pharm

QCOR

S

$12,865,997

6

Summit Partners

PT,BO

Ubiquiti Networks

UBNT

JS*

$8,503,424

7

Singleton Group

BO

Kemper

KMPR

S

$7,556,751

8

Av Partners VIII

BO

Homeaway

AWAY

S

$4,219,203

9

Keywell Bradley A

DIR

Groupon

GRPN

AS

$3,860,000

10

Doerr L John

DIR

Google

GOOG

AS

$2,519,521

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: GOOG , HK , LINE , MVC , OPK

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