Insiders Buy Stock in Cosi

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant insider purchases recently filed with the SEC.

Notable Purchases:

  • Boston-based investment adviser RA Capital Management bought 2,448,710 shares of biopharmaceutical company Achillion Pharmaceuticals ( ACHN ) for $6,279,017. Achillion focuses on the discovery, development, and commercialization of treatments for infectious diseases.
  • The Canadian investment firm Clarke bought 489,461 shares of freight surface transportation company Vitran Corporation ( VTNC ) for $2,578,981.
  • The independent investor Lloyd Miller III bought 246,155 shares of franchise restaurant chain Cosi ( COSI ) for $67,727.
  • Douglas Peebles, Vice President of investment firm AllianceBernstein National Municipal Income Fund ( AFB ), bought 41,400 shares of company stock for $516,602.
For more insider trades, see the charts below.

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

1

RA Capital Mgt

BO

Achillion Pharm

ACHN

B

$6,279,017

2

Clarke

BO

Vitran Corp

VTNC

B

$2,578,981

3

Campbell Kent

CEO,DIR,BO

LILM

LILM

JB*

$1,600,000

4

Marubeni

DIR,BO

Aircastle

AYR

B

$1,062,810

5

Miller Lloyd I Iii

BO

COSI

COSI

B

$537,505

6

Peebles Douglas J

VP

AB Nat Muni Inc Fd

AFB

B

$516,602

7

Ares Capital Mgt II

O

Ares DC Alloc Fd

ARDC

B

$502,304

8

Eberwein Jeffrey E

DIR

Crossroads Sys

CRDS

JB*

$454,979

9

Postal Jeffrey

DIR

Capstone Cos

CAPC

JB*

$211,200

10

Brooks Douglas H

DIR

AutoZone

AZO

B

$150,001


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

1

Aos Partners

BO

Envestnet

ENV

JS*

$122,908,416

2

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$36,524,130

3

Johnson James

DIR

Envestnet

ENV

JS*

$32,631,504

4

Blum Capital

BO

ITT Educ Svs

ESI

S

$7,495,194

5

Brown Williamson

BO

Reynolds Amer

RAI

JS*

$6,305,352

6

Kierlin Robert A

DIR

Fastenal

FAST

S

$4,777,210

7

Doerr L John

DIR

Google

GOOG

AS

$4,166,523

8

Cleary James

PR,CEO,DIR

MWI Veterinary

MWIV

AS

$3,907,385

9

Cohen Eric A

COO

Power Solutions

PSIX

AS

$2,883,594

10

Marxe & Greenhse

BO

Adept Tech

ADEP

S

$2,770,893

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 , AFB , COSI , VTNC

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