Insider Trading Report Edition #194: Notable Buys And Sales

Welcome to edition 194 of Insider Weekends. Insider buying increased last week with insiders purchasing $81.57 million of their stock compared to $42.18 million in the week prior. Selling also increased with insiders selling $2.6 billion of stock last week compared to $1.84 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 decreased to 31.88. In other words, insiders sold almost 32 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 43.73. 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 March 7, 2014

Insider Sell Buy Ratio March 7, 2014

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:

Some of the insider purchases that did not make the top 5 list but are worth exploring includepurchases by two insiders of financial software company Liquid Holdings Group (LIQD),  a $1.1 million purchase by the CFO of Harsco (HSC) and a 100,000 share purchase by a director of digital advertising firm YuMe (YUME).

1. Solar Capital Ltd. (SLRC): $22.31

COO and Director Bruce J. Spohler acquired 78,989 shares of this business development company, paying $22.27 per share for a total amount of $1.76 million. These shares were purchased indirectly by Solar Capital Investors, LLC.

You can view the list of recent insider transactions for Solar Capital Ltd. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: N/A Price/Book: N/A EV/EBITDA: N/A
Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $21.13 – $25.04
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