Insiders at SPX Corporation, Commercial Vehicle Group, and ZAIS Financial Buy Shares

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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 Thursday, September 5, 2013.

Notable Purchases:

  • The San Diego-based activist invest fund Relational Investors bought 136,576 shares of global, multi-industry manufacturer SPX Corporation ( SPW ) for $10,101,201.
  • Spencer Davidson, Chairman of General American Investors ( GAM ), bought 50,074 shares of company stock for $1,268,871.
  • Arnold Siemer, a director at cab-related products and systems supplier Commercial Vehicle Group ( CVGI ), bought 138,300 shares of company stock for $1,024,862.
  • Christian Zugel, Chairman of real estate investment trust ZAIS Financial ( ZFC ), bought 30,000 shares of company stock for $471,500, while Eric Reimer, a member of the board of directors, bought 9,500 shares for $149,240.
For more insider trades, see the charts below.

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

1

Relational Invest

BO

Spx

SPW

B

$10,101,201

2

Biglari Sardar

CB,CEO,BO

Biglari

BH

B

$3,001,636

3

Davidson Spencer

CB,DIR

Gen Amer Inv

GAM

JB*

$1,268,871

4

Siemer Arnold B

DIR,BO

Commercial Vehicle

CVGI

B

$1,024,862

5

Marubeni

DIR,BO

Aircastle

AYR

B

$1,004,682

6

Zugel Christian

CB,DIR

Zais Financial

ZFC

B

$471,550

7

Sherman John J

DIR

Great Plains Energy

GXP

B

$432,600

8

Nestegard Susan

DIR

American Capital

ACAS

B

$190,254

9

Reimer Eric

DIR

Zais Financial

ZFC

B

$149,240

10

McIlroy Peter II

DIR

Foster L B

FSTR

B

$105,871


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

1

Icahn Carl C

SEC

Hain Celestial

HAIN

JS*

$287,182,016

2

Pyne J H

CB,CEO,DIR

Kirby

KEX

S

$12,854,244

3

Luddy Frederic B

DIR

Servicenow

NOW

AS

$7,646,844

4

Farrington Deborah

DIR

NetSuite

N

AS

$6,524,798

5

Krakoff Reed

PR

Coach

COH

S

$4,928,095

6

Rubright James A

CB,CEO,DIR

Rock Tenn

RKT

S

$3,971,579

7

Waite Andrew L

DIR

Forum Energy

FET

S

$3,563,060

8

Dsouza Francisco

CEO,DIR

Cognizant Tech

CTSH

AS

$3,195,375

9

Lacerte Lawrence

DIR

Universal Display

OLED

S

$3,065,577

10

Main Timothy L

DIR

Jabil Circuit

JBL

AS

$2,646,012

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: CVGI , GAM , SPW , ZFC

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