Stocks: Insiders Buy at Seattle Genetics, Opko Health, and Ion Geophysical

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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:

  • Felix Baker, a director at biotechnology company Seattle Genetics ( SGEN ), bought 407,078 shares of company stock for $16,145,428. The company focuses on the development and commercialization of monoclonal antibody-based therapies for cancer treatment.
  • Phillip Frost, Chairman and CEO of multi-national pharmaceutical and diagnostics company Opko Health ( OPK ), bought 156,000 shares of company stock for $1,365,592.
  • Moses Marx, a director at banking holding company Berkshire Bancorp (OTCMKTS:BERK), bought 60,423 shares of company stock for $438,046.
  • Anthony Consi, a director at bank holding company Peapack-Gladstone ( PGC ), bought 16,877 shares of company stock for $286,909.
  • James Lapeyre, a director at technology-focused seismic solutions company Ion Geophysical ( IO ), bought 75,000 shares of company stock for $226,250.
For more insider trades, see the charts below.

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

1

Baker Felix

DIR,BO

Seattle Genetics

SGEN

B

$16,145,428

2

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$1,365,592

3

Marubeni

DIR,BO

Aircastle

AYR

B

$549,636

4

Marx Moses

DIR,BO

Berkshire Bancorp

BERK

B

$438,046

5

Consi Anthony J

DIR

Peapack Gladstone

PGC

JB*

$286,909

6

Lapeyre James

DIR

Ion Geophysical

IO

B

$226,250

7

Winemaster Gary S

DIR,BO

Power Solutions

PSIX

B

$222,486

8

Brubaker Terry L

COO,DIR

Gladstone Invest

GAIN

B

$220,869

9

Sanders William

DIR

Mid Amer Apt

MAA

B

$192,503

10

Maritz Philip F

DIR

Asbury Automotive

ABG

B

$172,095


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

1

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$17,771,586

2

Bergman Stanley M

CB,CEO

Henry Schein

HSIC

S

$8,728,495

3

Hochschild Mining

BO

Gold Resource

GORO

JS*

$7,848,000

4

Alon Israel Oil

BO

Alon Usa Energy

ALJ

S

$6,007,169

5

Lefkofsky Eric P

CEO,DIR,BO

Groupon

GRPN

AS

$4,689,264

6

Bernstein Ralph J

DIR

Air Methods

AIRM

S

$3,040,834

7

Edison Vent Fd

BO

Jth Holding

LTAXA

JS*

$2,789,043

8

Reichental Abraham

CEO,DIR

3d Systems

DDD

S

$2,022,750

9

Smith Robert E

DIR,BO

Sinclair Broadcast

SBGI

S

$1,882,669

10

Klein Charles D

DIR

Ametek

AME

S

$1,739,500

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: BERK , IO , OPK , PGC , SGEN

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