Insiders Buy Shares at Synta Pharmaceuticals and Aircastle

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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:

  • Bruce Kovner, a director at the biopharmaceutical company Sytna Pharmaceuticals ( SNTA ), which developers small molecule drugs for the treatment of cancer and inflammatory diseases, bought 5,000,000 shares of company stock for $18,750,000.
  • The Dallas, Texas-based alternative management firm Highland Capital Management bought 113,799 shares of non-diversified, close-ended management investment company Nexpoint Credit Strategies Fund ( NHF ) stock for $1,000,362.
  • The Japanese trading company Marubeni (OTCMKTS:MARUF) bought 25,600 shares of high-utility commercial jet aircraft company Aircastle ( AYR ) stock for $485,499.
  • Nicholas Schorsch, Chairman and CEO of real estate investment trust American Realty Capital Properties ( ARCP ), bought 30,000 shares of company stock for $397,290.
For more insider trades, see the charts below.

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

1

Kovner Bruce

DIR,BO

Synta Pharm

SNTA

B

$18,750,000

2

Vranos Michael W

FO,DIR,BO

Ellington Financial

EFC

JB*

$11,637,500

3

Sagard Capital

BO

Innerworkings

INWK

B

$1,278,027

4

Highland Capital

O

Nexpoint Cr St Fd

NHF

B

$1,000,362

5

Coliseum Cap

BO

Accuride

ACW

B

$807,500

6

Gollust Keith R

DIR

Synta Pharm

SNTA

B

$562,500

7

Marubeni

DIR,BO

Aircastle

AYR

B

$485,499

8

Schorsch Nicholas

CB,CEO

Amer Rlty Cap

ARCP

B

$397,290

9

Bristol Inv Fd

BO

Research Solutions

RSSS

JB*

$325,000

10

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$258,328


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

1

Kar II

BO

Kar Auction

KAR

JS*

$745,836,224

2

Woodbridge

BO

Strategic Hotels

BEE

S

$67,200,000

3

Greenberg Jeffrey

DIR

Validus Holdings

VR

S

$59,325,000

4

Wexford Capital

BO

Diamondback Energy

FANG

S

$39,894,668

5

Db Energy

BO

Diamondback Energy

FANG

S

$37,567,232

6

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$34,501,872

7

Price Robert E

DIR,BO

Pricesmart

PSMT

JS*

$20,242,242

8

Murdoch James R

COO,CB,CEO

21st Century Fox

FOX

S

$15,001,350

9

Moonves Leslie

CEO,DIR

CBS

CBS

JS*

$14,139,449

10

Mak Capital One

BO

Agilysys

AGYS

JS*

$12,969,373

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: ARCP , AYR , MARUF , NHF , SNTA

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