Insider Trading: Abu Dhabi Investment Authority Buys Stake in General Growth Partners

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A A A

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:

  • The Abu Dhabi Investment Authority sovereign wealth fund bought 2,568,934 shares of real estate investment trust General Growth Partners ( GGP ) for $54,384,332.
  • Leon Cooperman, a beneficial owner of independent developer and producer of natural gas, crude oil, and natural gas liquids Atlas Resource Partners ( ARP ), bought 475,654 shares of company stock for $9,128,988.
  • Paul Antosca, treasurer of closed-end diversified management investment company DWS Municipal Income Trust ( KTF ), bought 25,000 shares of company stock for $292,143.
Notable Sale:
  • Leonard Riggio, Chairman of bookselling content, commerce, and technology company Barnes & Noble ( BKS ), sold 2,000,000 shares of company stock for $27,619,999.
For more insider trades, see the charts below.


Insider Purchases
#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value

1

Abu Dhabi Inv


BO

General Growth Pr

GGP

B

$54,384,332

2

Cooperman Leon G

BO

Atlas Resource

ARP

B

$9,128,988

3

Marubeni

DIR,BO

Aircastle

AYR

B

$551,445

4

Rlj Spac Acquisition

BO

Rlj Entertainment

RLJE

B

$341,671

5

Stice J Michael

CEO,DIR

Access Midstream

ACMP

B

$301,024

6

Antosca Paul

A,TR

Dws Muni Inc Tr

KTF

B

$292,143

7

Tannenbaum L M

CEO,DIR

Fifth St Sr FR

FSFR

B

$185,117

8

Gladstone David

CEO,DIR

Gladstone Investment

GAIN

B

$181,102

9

Smith Keith

DIR

Skywest

SKYW

B

$150,900

10

Donegal Mutual Ins

BO

Donegal

DGICB

JB*

$142,500


Insider Sales
#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value

1

Global Infra Inv

BO

Access Midstream

ACMP

JS*

$353,142,016

2

Apollo Mgt Gp

BO

Norwegian Cruise

NCLH

JS*

$265,397,552

3

Grayken John P

BO

Del Friscos Rest

DFRG

JS*

$114,756,208

4

Riggio Leonard

CB,DIR

Barnes & Noble

BKS

JS*

$27,619,999

5

Kpcb Green Gr Fd

BO

Silver Spring Nwk

SSNI

JS*

$15,722,300

6

McCormack Robert

DIR

Illinois Tool

ITW

S

$8,331,440

7

Goldfarb Morris

CEO,DIR,BO

G III Apparel

GIII

S

$6,598,013

8

Marr John S Jr

CEO,DIR

Tyler Tech

TYL

S

$4,747,896

9

Harris Joshua

MD,DIR,BO

Apollo Global

APO

AS

$3,670,043

10

Schmit William

PR

Fleetcor Tech

FLT

S

$3,552,483

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: ARP , BKS , GGP , KTF

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