Insiders Buy Shares at Achillion Pharmaceuticals and Inteliquent

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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:

  • Boston-based investment advisor Ra Capital Management bought 1,795,000 shares of biopharmaceutical company Achillion Pharmaceuticals ( ACHN ) for $4,451,600. Achillion focuses on the discovery, development, and commercialization of treatments for infectious diseases.
  • James Hynes, a director at voice, data, and hosted services solutions provider Inteliquent ( IQNT ), bought 200,000 shares of company stock for $2,439,942.
  • Bernard Korman, a director at Omega Healthcare Investors ( OHI ), bought 46,070 shares of company stock for $1,435,081.
Notable Sale:
  • The global growth equity investment firm General Atlantic sold 2,450,000 shares of specialized website provider Dice Holdings ( DHX ) for $18,313,332. Dice focuses on websites designed for select professional communities.

For more insider trades, see the charts below.

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

1

Reilly Christopher

DIR

Norcraft Cos

NCFT

JB*

$88,341,200

2

JLL JGW Dist

DIR,BO

Jgwpt

JGW

B

$19,687,500

3

Srinivasan Mallika

DIR

AGCO

AGCO

AB

$6,920,484

4

Ra Capital Mgt

BO

Achillion Pharm

ACHN

B

$4,451,600

5

Dalal Street

BO

Horsehead Hldg

ZINC

B

$2,665,603

6

Hynes James P

DIR

Inteliquent

IQNT

B

$2,439,942

7

Korman Bernard J

DIR

Omega Health Inv

OHI

B

$1,435,081

8

Deming Claiborne

DIR

Murphy Oil

MUR

B

$1,241,422

9

Roberts David N

CEO,DIR

Ag Mort Inv Tr

MITT

B

$1,129,111

10

Siegel Joshua S

CEO,DIR

Stonecastle Finl

BANX

JB*

$1,037,750


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

1

TPG Advisors Vi

BO

Armstrong Wld

AWI

JS*

$119,999,984

2

New Enterprise

BO

Channeladvisor

ECOM

JS*

$35,744,280

3

Broadwood Part

DIR

Questcor Pharm

QCOR

S

$31,183,840

4

General Atlantic

BO

Dice

DHX

S

$18,313,332

5

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$17,025,604

6

Harvey Hugh E Jr

DIR,BO

Intrepid Potash

IPI

S

$16,115,976

7

Mak Capital One

BO

Agilysys

AGYS

JS*

$8,770,227

8

Harris Joshua

MD,DIR,BO

Apollo Global

APO

S

$8,731,486

9

Fichthorn John

DIR

Immersion

IMMR

S

$6,553,201

10

Bisaro Paul

CB,CEO,DIR

Actavis

ACT

S

$6,495,570

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: ACHN , DHX , IQNT , OHI

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