Insiders at SPX Corporation and Lehigh Gas Partners Buy Shares of Company Stock

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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 Friday, August 30, 2013.

Notable Purchases:

  • The San Diego-based activist investment fund Relational Investors bought 252,844 shares of global multi-industry manufacturer SPX Corporation ( SPW ) for $18,708,672.
  • Ronald Hodge, a director of software-as-a-service provider Park City (NYSEMKT:PCYG), bought 155,039 shares of company stock for $1,000,002. Another director at the company, Robert Allen, bought 77,519 shares for $499,998.
  • Stacy Smith, a director at bank holding company Independent Bank ( IBTX ), bought 11,087 shares of company stock for $378,699.
  • At wholesale motor fuels distributor Lehigh Gas Partners ( LGP ), Robert Wiss, a director, bought 10,000 shares of company stock fro $271,404 while Director John Malloy bought 9,724 shares for $263,422.
For more insider trades, see the charts below.

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

1

Softbank

BO

Sprint

S

B

$38,568,264

2

Relational Invest

BO

Spx

SPW

B

$18,708,672

3

Hodge Ronald C

DIR

Park City

PCYG

JB*

$1,000,002

4

Allen Robert W

DIR

Park City

PCYG

JB*

$499,998

5

Smith G Stacy

DIR

Independent Bank

IBTX

B

$378,699

6

Wiss Robert L

DIR

Lehigh Gas Part

LGP

B

$271,404

7

Malloy John F

DIR

Lehigh Gas Part

LGP

B

$263,422

8

Kopple Robert C

BO

Aura Systems

AUSI

JB*

$249,064

9

McCreary Jeffrey

PR,CEO,DIR

Integrated Device

IDTI

B

$175,356

10

Bradley Jeff

CEO

Gl Sp Metals

GSM

B

$129,500

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

Austin Josiah T

DIR,BO

Goodrich Petrol

GDP

S

$11,811,229

2

Simmons L E

BO

Forum Energy

FET

S

$6,225,408

3

Flowers Jeffry

DIR

Carbonite

CARB

S

$4,760,140

4

Dayton Sky D

DIR,BO

Boingo Wireless

WIFI

S

$3,525,000

5

Blanchard James

DIR

Total Sys Svs

TSS

S

$3,414,603

6

Simpson Todd E

CFO

Seattle Genetics

SGEN

S

$1,565,186

7

Rubright James A

CB,CEO,DIR

Rock Tenn

RKT

S

$1,150,170

8

Mulroy Thomas P

DIR

Stifel Financial

SF

S

$1,010,308

9

Ebersman David

CFO

Facebook

FB

AS

$946,179

10

Willard Elizabeth

VP,CFO

Live Nation Ent

LYV

S

$863,000

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."



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: IBTX , LGP , PCYG , SPW

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