Insiders Buy Shares at ChemoCentryx and MVC Capital

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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, September 13, 2013.

Notable Purchases:

  • The private equity firm BVF Partners LP bought 325,635 shares of biopharmaceutical company ChemoCentryx ( CCXI ) for $1,936,126. ChemoCentryx develops oral-administered therapeutics for the treatment of autoimmune diseases, inflammatory diseases, and cancer.
  • David Golub, CEO of externally managed, closed-end, non-diversified management investment company Golub Capital BDC ( GBDC ), bought 51,504 shares of company stock for $533,993.
  • Phillip Goldstein, a director at non-diversified, closed-end management investment company MVC Capital ( MVC ), bought 17,182 shares of company stock for $218,039.
  • W. Whitney George, the asset manager of long-term investment company Royce Focus Trust ( FUND ), bought 25,000 shares of company stock for $182,500.
For more insider trades, see the charts below.

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

1

Bvf Partners L P Il

BO

Chemocentryx

CCXI

B

$1,936,126

2

Golub David

CEO,DIR,BO

Golub Capital Bdc

GBDC

JB*

$533,993

3

Marubeni

DIR,BO

Aircastle

AYR

B

$527,004

4

Larsen Michael M

VP,CFO

Illinois Tool Works

ITW

B

$519,750

5

Goldstein Phillip

DIR

MVC Capital

MVC

B

$218,039

6

George W Whitney

FO,DIR,BO

Royce Focus Tr

FUND

JB*

$182,500

7

Churchey Randy L

PR,CEO,DIR

Education Rlty Tr

EDR

B

$179,800

8

Koos David Ray

CB,CEO,BO

Bio Matrix Scientific

BMSN

JB*

$120,000

9

Fritze Steven L

DIR

Otter Tail

OTTR

JB*

$108,038

10

Thompson Mark D

CEO

Boston Private Finl

BPFH

B

$106,623


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

1

Armstrong Asbestos

BO

Armstrong Wld Ind

AWI

JS*

$478,779,104

2

Clarke Ronald

CEO,PR,DIR

Fleetcor Tech

FLT

JS*

$78,645,000

3

Summit Partners

PT,BO

Ubiquiti Networks

UBNT

JS*

$42,900,000

4

Ave Special Sit Fd

DIR,BO

Magnachip Semi

MX

JS*

$35,700,000

5

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$18,606,850

6

Maroone Michael E

PR,COO,DIR

Autonation

AN

S

$15,896,374

7

Simmons L E

BO

Forum Energy

FET

S

$13,218,008

8

Bernstein Ralph J

DIR

Air Methods

AIRM

S

$8,275,500

9

Knott David M

DIR

Ligand Pharm

LGND

S

$7,484,080

10

Angrick William P

CB,CEO,BO

Liquidity Services

LQDT

S

$5,542,500

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: CCXI , FUND , GBDC , MVC

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