Tuesday, April 23, 2013

Top Insider Trades: Major Buys At Walgreen, Lucas Energy, And ...

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 Friday, April 19, 2013.

Purchases:?Stefano Pessina, a Director of drugstore chain ?Walgreen Company (NYSE:WAG), bought 83,299 shares of company stock for $4,049,998. In June of 2012, Walgreen Co. agreed to buy a 45% stake of European pharmacy retailer Alliance Boots. With the $6.7 billion deal, the company's stock price has increased by 37.35% since this time last year. Currently, at the stock's price is $49.35, very close to its $49.63 52 week high.

The San Francisco based investment partnership Meson Capital CP bought 169,967 shares of independent oil and gas company Lucas Energy (NYSEAMEX:LEI) for $219,779, increasing its total stake in the company to 4,222,813 shares. Lucas Energy, based in Houston, Texas, explores, develops, produces, and markets crude oil and natural gas. The stock's price is down 31.55% since this time last year, and is down 12.93% year-to-date.

At integrated fuel cell company FuelCell Energy (NASDAQ:FCEL), Chairman John Rolls bought 200,000 shares of company stock for $183,480, while Director James Gerson bought 100,000 shares for $90,000. FuelCell designs, manufactures, sells, and operates stationary fuel cell power plants. Last Wednesday, the company announced the sale of a megawatt-class fuel cell power plant to Hartford Steam Company, which will install the system at Hartford Hospital in Connecticut. The company expects its total electricity production to reach an annual run-rate of 70 megawatts by May 1.

At multi-state diversified regional bank holding company?Huntington Bancshares Incorporated (NASDAQ:HBAN), President and CEO Stephen Steinour bought 7,600 shares of company stock for $52,710. The stock's price is up 9.15% YTD, but has deceased 5.49% since this time last month.

Sales:?Apollo Management Group (NYSE:APO) sold 13,739,284 shares of Evertec (NYSE:EVTC) for $259,672,464. Evertec is a full service transaction business in Latin America and the Caribbean. Serving 19 countries across the region, the company offers a range of services for merchant acquiring, payment processing, and business process management, processing over 1.8 billion transactions annually and managing 4,100 ATMs. The company had a $505 million IPO on April 15. It's current stock price, $20.25, is down 0.93% since it began being publicly traded.

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

1

DIR

JB*

$4,049,998

2

DIR

AB

$2,574,021

3

BO

B

$219,779

4

CB,DIR

B

$183,480

5

DIR

B

$116,733

6

DIR

B

$90,000

7

BO

B

$67,809

8

DIR

B

$53,489

9

PR,CEO,CB

B

$52,710

10

O

B

$33,776

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

BO

JS*

$259,672,464

2

BO

JS*

$75,206,254

3

CEO,DIR

AS

$3,326,400

4

BO

S

$2,053,043

5

CB,DIR,BO

S

$1,726,941

6

DIR

AS

$1,343,808

7

DIR

S

$1,109,809

8

BO

S

$1,071,201

9

BO

S

$765,094

10

DIR

S

$527,698

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.

Follow me on Twitter: @JoshWolonick?and @Minyanville

No positions in stocks mentioned.

Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Insiders-Purcahse-Stock-at-Walgreen-Co/4/22/2013/id/49398

London 2012 field hockey Missy Franklin Hunter Pence NBCOlympics Danell Leyva Ye Shiwen OJ Murdock

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.