The list below represents companies that experienced the top
five highest insider buying amount traded in the first half of
this week. Trades are counted per single Insider transaction.
THIS WEEK'S TOP FIVE BUYS
-
Janus Capital Group Inc. (
JNS
)
With the total transaction amount of $7,085,155.88, the
Dai-ichi Life Insurance Co. Limited has purchased more than
750,000 shares of JNS, at a trading price of $9.34, reported on
Oct. 8. Dai-ichi Life is the third largest life insurer in
Japan, and 10 percent owner of JNS. When JNS announced in
August that it entered into a strategic alliance with Dai-ichi,
reports revealed that Da-ichi plans to acquire at least 15
percent, and no more than 20 percent of JNS outstanding common
shares.
-
Opko Health Inc. (
OPK
)
With a total transaction amount of $1,022,997.00, Dr. Phillip
Frost purchased more than 137,000 OPK shares on Oct. 8 and more
than 95,000 OPK shares on Oct. 9, at an average price of $4.37
per stock. Dr. Frost became chairman and CEO of OPK in 2007,
and is currently 10% owner of the company. Earlier this month,
OPK announced the launch of 4Kscore, an initiative that's part
of Europe's International Health Technology ProstateCheck
program providing early detection services to patients
suspected of having prostate cancer.
-
American Pacific Corporation (
APFC
)
With a total transaction amount of $601,740, Cornwall Capital
Management LP has acquired more than 50,000 APFC shares at $12
per share, reported on Oct. 8. Cornwall Capital is a privately
owned hedge fund firm and 10 percent owner of APFC. Last month,
APFC redeemed $40 million of its outstanding senior notes, an
action authorized by its board of directors in August. APFC
still has about $65 million senior notes that remain
outstanding.
-
Universal Technical Institute Inc. (
UTI
)
With a total transaction amount of $581,444.18, Stadium Capital
Partners LP has purchased more than 43,000 UTI shares at $13.41
per share, reported on Oct. 9. Stadium Capital is a privately
owned hedge fund sponsor, and 10 percent owner of UTI. As a
national provider of technical education training, UTI
announced on Oct. 1 of its choice to reduce its workforce of
about 50 employees nationwide. The decision was made to better
align the academic provider's costs to its lower average
student population.
-
Opko Health Inc. (
OPK
)
With a total transaction amount of $43,400, Dr. Jane H. Hsiao
has purchased 10,000 OPK shares at $4.34 per share, reported on
Oct. 9. Dr. Hsiao has served as OPK's vice chairman and chief
technical officer since May 2007. She is also currently 10%
owner of OPK, and currently holds more than 33 million OPK
shares after the purchase.
About GuruFocus Real Time Insider Data
If you would like to view the most recent insider buys, visit
GuruFocus Real Time Insider Buys. You can also view the most
recent insider sells at GuruFocus Real Time Insider Sells.
In 2010, GuruFocus held a three-part Insider Research series
examining the relevance of Insider trading activity within
companies. The research revealed many interesting facts about
incorporating the gathered information to personal investment
strategies, as it contributed to the development in the Insider
tracking and alert tools offered on GuruFocus. You can view the
three-part research series by visiting the following links:
Guru Insider Research (
I
): The Summary of Previous Research Results
Guru Insider Research (II): Can Aggregated Insider
Trading Activities Predict the Market?
Guru Insider Research (
III
): Can Aggregated Insider Trading Activities Predict the Market
of Different Sectors?
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