Insiders Buy Shares at Western Refining Logistics and Acorn Energy

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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:

  • At Western Refining Logistics LP ( WNRL ), which specializes in the terminalling, transportation, and storage of petroleum products, director Jeff Stevens bought 502,500 shares of company stock for $11,055,000 while director Paul Foster bought 250,000 shares of company stock for $5,500,000.
  • Ares Capital Management II bought 22,500 shares of non-diversified, closed-end management investment company Ares Dynamic Credit Allocation Fund ( ARDC ) for $407,405. Ares Capital Management II, an affiliate of Ares Management LLC, serves as the fund's investment advisor.
  • Steven Heinemann, a beneficial owner of Network-1 Security Solutions ( NSSI ), bought 197,400 shares of company stock for $337,534. Network-1 specializes in the acquisition, development, licensing, and protection of intellectual property rights of various telecommunications and data networking technologies.
  • Mannie Jackson, a director at energy infrastructure asset management company Acorn Energy ( ACFN ), bought 80,000 shares of company stock for $228,000.
For more insider trading, see the charts below.

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

1

Stevens Jeff A

DIR

Western Ref Log

WNRL

JB*

$11,055,000

2

Foster Paul L

DIR

Western Ref Log

WNRL

JB*

$5,500,000

3

Rapp Michael

DIR

Committed Cap Acq

CCAC

JB*

$815,280

4

Galbraith Kenneth

DIR

Macrogenics

MGNX

JB*

$750,000

5

Pakulis James

PR,DIR

Poly Shield Tech

SHPR

JB*

$600,000

6

Marubeni

DIR,BO

Aircastle

AYR

B

$531,084

7

Eiswerth Jason

DIR

Committed Cap Acq

CCAC

JB*

$439,745

8

Ares Capital Mgt II

O

Ares DC Alloc Fd

ARDC

B

$407,405

9

Heinemann S

BO

Network 1 Tech

NSSI

B

$337,534

10

Jackson Mannie L

DIR

Acorn Energy

ACFN

JB*

$228,000


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

1

Cyrus Capital

BO

Yrc Worldwide

YRCW

S

$7,789,960

2

Blum Capital

BO

ITT Educ Svs

ESI

S

$6,364,082

3

Trivedi Ashok

DIR,BO

Igate

IGTE

S

$3,434,943

4

Kellogg WK Fdn

BO

Kellogg

K

AS

$2,470,500

5

S&R Tech

BO

Sucampo Pharm

SCMP

AS

$2,287,116

6

Wadhwani Sunil

DIR,BO

Igate

IGTE

S

$1,717,487

7

Chaya Eri

DIR

Restoration Hard

RH

S

$1,594,000

8

Bates Anthony J

VP,BD

Microsoft

MSFT

AS

$1,533,955

9

Debenedictis N

CB,PR,DIR

Aqua America

WTR

AS

$1,225,390

10

Stryker Ronda E

DIR

Stryker

SYK

AS

$1,016,180

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: ACFN , ARDC , NSSI , WNRL

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