Insiders Buy Shares at 3M and United Insurance While Barnes & Noble's CEO Sells Stock

By
A A A

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, August 26, 2013.

Notable Purchases:

  • James Farrell, a Director of diversified technology company 3M ( MMM ), bought 6,625 shares of company stock for $757,940.
  • Corbin Robertson, the Chairman and CEO of mineral properties managing and leasing company Natural Resource Partners ( NRP ), bought 2,000 shares of company stock for $245,335.
  • Deepak Menon, the Vice President of Operations and Business Development at United Insurance ( UIHC ), bought 28,000 shares of company stock for $221,200.
Notable Sale:
  • Mitchell Klipper, the CEO of bookseller Barnes & Noble ( BKS ), sold 400,000 shares of company stock for $5,718,188.
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

$9,307,036

2

Mortimer Roger F

PR,DIR,BO

Amfil Technologies

AMFE

JB*

$1,190,000

3

Farrell W James

DIR

3M

MMM

B

$757,940

4

Marubeni

DIR,BO

Aircastle

AYR

B

$519,744

5

Cathay Gen Banc

BO

Broadway Financial

BYFC

JB*

$500,000

6

Robertson Corbin

CB,CEO,BO

Natural Res Part

NRP

B

$245,335

7

Menon Deepak

VP,OO,BD

United Insurance

UIHC

B

$221,200

8

Decherd Robert W

DIR

Kimberly Clark

KMB

B

$191,500

9

Hood Iii William H

DIR

United Insurance

UIHC

B

$188,725

10

Schmitt Andrew B

DIR

Freightcar America

RAIL

B

$185,552


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

1

Schmidt Eric E

CB,DIR

Google

GOOG

AS

$69,762,232

2

Ares Cp Op Fd

DIR

Exco Resources

XCO

S

$13,141,600

3

Ebersman David

CFO

Facebook

FB

AS

$8,000,000

4

Sandberg Sheryl

COO,DIR

Facebook

FB

AS

$6,797,749

5

Klipper Mitchell S

CEO

Barnes & Noble

BKS

S

$5,718,188

6

Hummel Albert F

DIR

Actavis

ACT

S

$5,377,615

7

Kassling William E

DIR

Westinghouse Air

WAB

S

$3,683,699

8

Roth Michael Isor

CB,CEO

Interpublic

IPG

S

$3,116,126

9

Horne Timothy P

BO

Watts Water Tech

WTS

S

$2,873,327

10

Sheriff W E

DIR

Brookdale Sr Living

BKD

AS

$2,604,765

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: BKS , MMM , NRP , UIHC

Minyanville

Minyanville

More from Minyanville:

Related Videos

Stocks

Referenced

Most Active by Volume

28,616,318
  • $75.47 ▲ 0.65%
23,253,505
  • $97.33 ▲ 0.31%
22,960,253
  • $3.76 ▲ 0.80%
19,754,344
  • $3.435 ▼ 0.43%
17,676,344
  • $34.985 ▼ 2.11%
17,226,784
  • $24.825 ▼ 13.56%
15,755,239
  • $15.575 ▼ 0.29%
15,617,344
  • $10.99 ▲ 4.37%
As of 7/25/2014, 12:15 PM