Phillip Frost Buys More Shares of Opko Health, While Keynote Systems Sees a Sale

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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 Wednesday, July 10, 2013.

Notable Purchases:

  • Daniel Ivascyn, the manager of the non-diversified, close-ended management investment company PIMCO Dynamic Income Fund ( PDI ), bought 35,997 shares of company stock for $991,030.
  • Phillip Frost, the Chairman and CEO of multi-national pharmaceutical and diagnostics company Opko Health ( OPK ), bought 42,100 shares of company stock for $303,227.
  • The independent investor Lloyd Miller III bought 31,965 shares of franchise restaurant chain Cosi ( COSI ) for $67,727.
Notable Sales:
  • The employee-owned hedge fund sponsor Empire Capital Management sold 400,000 shares of global Internet and mobile cloud monitoring and testing company Keynote Systems ( KEYN ) for $7,994,500.
For more insider trades, see the charts below.

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

1

Ivascyn Daniel J

O


Pimco Dyn Inc Fd

PDI

B

$991,030

2

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$303,227

3

Miller Lloyd I Iii

BO

COSI

COSI

B

$67,727

4

Rosar Curtis A

DIR

Cardinal Ethanol

CRDE

JB*

$64,000

5

Steel Excel

BO

Forbes Energy

FES

B

$59,933

6

Walsh Stephen

MD,CIO

WAM Def Op Fd

DMO

B

$43,540

7

S Muoio & Co

BO

OPTI

OPTI

B

$15,847

8

Sucoff Cary

DIR

Premier Alliance

PIMO

B

$15,155

9

Aldrich Richard

DIR,BO

Verastem

VSTM

AB

$14,690

10

Rausch David M

PR,CEO,DIR

Kewaunee Scientific

KEQU

B

$12,625


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

1

Hoffman Reid

DIR,BO

LinkedIn

LNKD

AS

$15,817,972

2

Empire Capital Mgt

BO

Keynote Systems

KEYN

S

$7,994,500

3

Weiner Jeff

CEO,DIR

LinkedIn

LNKD

AS

$7,023,548

4

Usrg Holdco V

BO

Ren Energy

REGI

AS

$6,288,141

5

Kupferberg Max L

DIR

NY Com Banc

NYCB

AS

$4,775,397

6

Dobkin Arkadiy

CEO,PR,CB

Epam Systems

EPAM

AS

$4,086,874

7

West Cent Coop

BO

Ren Energy

REGI

AS

$2,478,454

8

Singh Rajeev

COO,PR,DIR

Concur Tech

CNQR

AS

$2,160,445

9

Main Timothy L

DIR

Jabil Circuit

JBL

AS

$2,100,000

10

Keane Robert S

CEO,PR,CB

Vistaprint

VPRT

AS

$1,817,849

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: COSI , KEYN , OPK , PDI

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