Insider Trading Report Edition 320: Notable Buys And Sales

Welcome to edition 320 of Insider Weekends. Insider buying decreased last week with insiders buying $78.59 million of stock compared to $118.43 million in the week prior. Selling remained unchanged with insiders selling $2.12 billion of stock last week compared to $2.12 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week increased to 26.92. In other words, insiders sold  almost 27 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 17.88. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio August 5, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Penske Automotive Group, Inc. (PAG): $40

Chairman & CEO Roger S. Penske acquired 930,753 shares of this auto dealer, paying $39.16 per share for a total amount of $36.44 million. These shares were purchased indirectly by Penske Automotive Holdings Corp.

You can view the list of recent insider transactions for Penske Automotive Group, Inc. here.

P/E: 10.68 Forward P/E: 9.55 Industry P/E: 11.98
P/S: 0.17 Price/Book: 1.98 EV/EBITDA: N/A
Market Cap: $3.41B Avg. Daily Volume: 748,547 52 Week Range: $29.29 – $54.24

2. Quotient Limited (QTNT): $6.25

Shares of this commercial-stage diagnostics company were acquired by 3 insiders:

  • Director L. John Wilkerson acquired 180,000 shares, paying $5.50 per share for a total amount of $990,000. These shares were purchased indirectly by Galen Partners International.
  • 10% Owner Deidre Cowan acquired 45,455 shares, paying $5.50 per share for a total amount of $250,003. These shares were purchased indirectly by Quotient Biodiagnostics Group Limited. Ms. Cowan is the spouse of Paul E. Cowan, the CEO of Quotient.
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Disclosure: Clients of Signal Partners, LLC  and I may have positions in ...

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