Insider Trading Report Edition #226: Notable Buys And Sales

Welcome to edition 226 of Insider Weekends. Insider buying increased significantly last week with insiders buying $165.25 million of stock compared to $51.96 million in the week prior. Selling also increased with insiders selling $653.17 million of stock last week compared to $495.08 million 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 dropped down to 3.95. In other words, insiders sold  almost 4 times as much stock as they purchased. This is the lowest sell/buy ratio we have seen since January 2013 and is partially driven by low insider selling during earnings season.

The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 9.53. 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 October 17, 2014

Insider Sell Buy Ratio October 17, 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:

1. Energy Transfer Equity, L.P. (ETE): $57.65

Director Kelcy L. Warren acquired 1,200,000 shares of this natural gas pipeline company, paying $51.22 per share for a total amount of $61.47 million. These shares were acquired indirectly by Kelcy Warren Partners, L.P.

You can view the list of recent insider transactions for Energy Transfer Equity, L.P. here.

P/E: 103.32 Forward P/E: 31.68 Industry P/E: 32.19
P/S: 0.59 Price/Book: 52.93 EV/EBITDA: 14.01
Market Cap: $31.34B Avg. Daily Volume: 1,851,500 52 Week Range: $33 – $63.53
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Disclosure: None.

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