Insiders Sell Big Stakes at Realogy and Calpine, While AGCO Director Buys Stock Again

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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 Thursday, April 18, 2013.

Purchases: Mallika Srinivasan, a Director of Atlanta-based agricultural equipment company AGCO Corporation ( AGCO ), bought 140,243 shares of company stock for $6,712,030. The American drought, from 2012 and perhaps continuing into 2013, has been a source of trouble for AGCO's competitor Deere & Co. ( DE ), as it sells most of its products domestically. AGCO derives a full 70% of its sales from Europe and South America, where normal weather is expected this year. Though down 1.59% year-to-date, AGCO's stock price is up 8% since this time last year.

Sales: Apollo Management Holdings L.P., a subsidiary of asset manager Apollo Global Management LLC ( APO ), sold 40,250,000 shares of Realogy Holdings Corp. ( RLGY ) for $1,722,297,472. Realogy, formerly known as Domus Holdings Corp, provides real estate and relocation services, with brands and business units including Better Homes and Gardens, Century 21, Coldwell Banker, and Sotheby's International Realty. Since its IPO in October 2012, the company's stock has increased 36.7% in value, though it is down 5.23% since this time last month.

LSP Cal Holdings II, LLC sold 10,000,000 shares of independent wholesale power producer Calpine Corporation ( CPN ) for $209,600,000. CPN provides power to markets in Texas, California, and the mid-Atlantic regions of the US primarily generating clean power with natural gas and geothermal steam turbines. With many companies building new factories in that region of the US -- including Samsung's (SSNLF) new $4 billion semi-conductor plant in Texas and Dow Chemical Co.'s (DOW) series of specialty production plants along the Gulf Cost -- a wholesale power producing company like Calpine may stand to benefit.

Donald Foss, the Chairman of auto loans provider Credit Acceptance Corp. (CACC), sold 750,000 shares of company stock for $75,206,248. Yesterday, the company announced the closing of a public offering of 1,500,000 shares for $105 per share, underwritten by trusts affiliated with Foss, as well as with Prescott General Partners LLC.

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

1

Srinivasan Mallika

DIR

AGCO

AGCO

AB

$6,712,030

2

Sofinnova Cap

BO

Omthera Pharm

OMTH

JB*

$5,000,000

3

Stuka Paul

DIR

Inspiremd

NSPR

JB*

$500,000

4

Bogan Thomas F

DIR

Rally Software

RALY

JB*

$499,996

5

Goldstein Phillip

DIR

MVC Capital

MVC

B

$172,829

6

Wolf Timothy

DIR

Rally Software

RALY

JB*

$119,994

7

Chp III

BO

Verastem

VSTM

B

$53,489

8

Crupi Christopher

CEO,DIR

Paramount Gold

PZG

B

$44,350

9

Calamos John P

CB,CEO,BO

Calamos Asset

CLMS

B

$42,398

10

Schroepfer Mark

DIR

Winnebago

WGO

B

$34,996

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

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

1

Apollo Mgt

BO

Realogy

RLGY

JS*

$1,722,297,472

2

Lsp Cal

BO

Calpine

CPN

JS*

$209,600,000

3

Goode Chuys

BO

Chuys

CHUY

JS*,S

$92,432,073

4

Foss Donald A

CB,DIR,BO

Credit Accept

CACC

JS*

$75,206,248

5

Luminus Energy

BO

Calpine

CPN

JS*

$26,200,000

6

Hoffman Reid

DIR,BO

Linkedin

LNKD

AS

$14,967,634

7

Weiner Jeff

CEO,DIR

Linkedin

LNKD

AS

$6,645,556

8

Jacobson Mitchell

DIR,BO

MSC Industrial

MSM

S

$3,910,998

9

Waldis Stephen G

CEO,CB,DIR

Synchronoss

SNCR

AS

$1,482,850

10

Koch C James

CB,DIR,BO

Boston Beer

SAM

S

$1,444,040

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."

Follow me on Twitter: @JoshWolonick and @Minyanville



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: AGCO , APO , CPN , DE , RLGY

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