Insiders: Moving “Almost” as Much as the Market
The unsteady market has brought some significant insider action this week. Check out the details below.
In this report, we examine stocks that C-level officers and directors bought and sold ending the week of March 23, 2018.
Insiders sell stock for many reasons, but they generally buy for just one – to make money. As a standard, we only look at material amounts of money, $100 thousand or more, as anything less could just be window dressing.
The bar is different with selling, because the natural state of management is to be sellers. This is because most companies provide significant amounts of management compensation packages as stock. Therefore, with selling, we analyze for unusual patterns, such as insiders selling 25 percent or more of their holdings or multiple insiders selling near 52 week lows.
To learn more about our strategy, visit The Insiders Fund. We welcome your comments on our analysis.
Note: We may own positions, long or short, in any of these names but do not disclose that information nor give those positions extra emphasis in our reports.
This Week’s Buys
Allergan plc – AGN
Inside Trade Info: VP Hilado Maria Teresa purchased 895 shares at $167.39 for a total of $149.8K.
Who is VP Hilado Maria Teresa?
CFO and Executive Vice President of Allergen since 2014
Recently assigned to a Board Member of Pharmaceutical Product Development LLC and Repros Therapeutics, Inc
Director of Kythera Biopharmaceuticals since 2015
Also serves as Director of H.B. Fuller Company since 2013
Current Performance: https://finance.yahoo.com/quote/AGN?p=AGN
ALJ Regional Holdings – ALJJ
Inside Trade Info: Chairman Ravich Jess M purchased 72,821 shares at $2.09 for a total of $152.2K.
Who is Chairman Ravich Jess M?
Serves as Group Managing Director and Head of Alternative Products at TCW
Used to Serve as CEO of Libra Securities (Middle Market Investment Bank) for 18 years
Founded Caltius Capital Management (LA-based mezzanine and PE fund manager with $1bn<)
Chairman of the board of directors for the Cherokee Group
Current Performance: https://finance.yahoo.com/quote/ALJJ?p=ALJJ
CASI Pharmaceutical, Inc – CASI
Inside Trade Info: Chairman He Wei Wu purchased 3,086,419 shares at $3.24 for a total of $10.0M.
Who is Chairman He Wei Wu?
Chairman of CASI Pharmaceuticals since 2012
Founded OriGene Technologies, Ince in 1995 and served as Chairman and CEO
Co-Founder of Emergin Technology Partners, LLC
Also serves as director of Human Longevity, Inc
Current Performance: https://finance.yahoo.com/quote/CASI?p=CASI
Entercom Communications Corp – ETM
Inside Trade Info: Entercom Communication Corp ETM Dir Field Joseph M purchased 200,000 shares at $9.92 for a total of $2.0M.
Who is Dir Field Joseph M?
Founder and Chairman of Entercom Communications Corp since 1968
Practiced law before entering the broadcasting market
Served on the Board of Directors of the National Association of Broadcasters from 1992 to 1996
Currently serves on the Boards of Directors of the Broadcasters’ Foundation
Current Performance: https://finance.yahoo.com/quote/ETM?p=ETM
St Joe Company/The – JOE
Inside Trade Info: St Joe Company/The JOE Chairman Berkowitz Bruce R purchased 5,300 shares at $19.4 for a total of $102.8K.
Who is Chairman Berkowitz Bruce R?
Served as Chairman of St. Joe Company since 2011
Founder, Managing Member, and CIO of Fairholme Capital Management
Also serves as a Director of White Mountains Insurance Group
Current Performance: https://finance.yahoo.com/quote/JOE?p=JOE
Kratos Defense & Security Solutions, Inc – KTOS
Inside Trade Info: Kratos Defense & Security Solutions, Inc KTOS Dir Jarvis Scot B purchased 10,000 shares at $10.03 for a total of $100.3K.
Who is Dir Jarvis Scot B?
- Co-founder and Partner of Cedar Grove Investments LLC
- Currently a Director of Airspan Networks
- Independent Director of Kratos Defense & Security Solutions, Inc
Current Performance: https://finance.yahoo.com/quote/KTOS?p=KTOS
This Week’s Sells
Andersons Inc – ANDE
Inside Trade Info: Andersons Inc ANDE Officer Shah Rasesh H sold 9,000 shares at $34.5 for a total of $310.5K.
Who is Officer Shah Rasesh H?
- Senior Director of Rail Group at The Andersons, Inc. since 2017
- Served as the President of Rail Group at The Andersons, Inc. from 1999 to 2017
- Served as a Design Engineer for Sargent and Lundy Engineers in Chicago
Current Performance: https://finance.yahoo.com/quote/ANDE?p=ANDE
Credit Acceptance Corporation – CACC
Inside Trade Info: Credit Acceptance Corporation CACC Officer Soave John S sold 2,500 shares at $337.01 for a total of $842.5K
Who is Officer Soave John S?
Joined Credit Acceptance as a Credit Risk Manager in 2002
Served as CIO of Credit Acceptance Corp since 2012
Current Performance: https://finance.yahoo.com/quote/CACC?p=CACC
Daxor Corp – DXR
Inside Trade Info: Daxor Corp DXR Dir Feldschuh Jonathan Michael sold 19,194 shares at $18.63 for a total of $357.6K.
Who is Dir Feldschuh Jonathan Michael?
Served as a member of the Board of Directors for one and a half years prior
Led a hedge fund, Aristarc Capital from 2009 to 2013 specializing in quantitative strategies
Also served as a Managing Director and Portfolio Manager at Millennium Partners
Current Performance: https://finance.yahoo.com/quote/DXR?p=DXR
iRadimed Corp – IRMD
Inside Trade Info: iRadimed Corp IRMD Officer Waldman Louis S sold 30,000 shares at $13.83 for a total of $415.0K.
Who is Officer Waldman Louis S?
Controller of Iradimed Corp since 2005
Current Performance: https://finance.yahoo.com/quote/IRMD?p=IRMD
Snyders-Lance Inc – LNCE
Inside Trade Info: Snyders-Lance Inc LNCE Dir Johnston James W sold 75,836 shares at $49.99 for a total of $3.8M.
Who is Dir Johnston James W?
President and CEO of Stonemarker Enterprises Inc since 1996
Served as the CEO of R.J. Reynolds Tobacco Co from 1989 to 1995
Also served as Division Executive of Northeast Division of Citibank since 1984
Currently Director of Sealy Corporation, Pilot Therapeutics Holdings, Inc, and Snyder’s-Lance, Inc
Current Performance: https://finance.yahoo.com/quote/LNCE?p=LNCE
MAM Software Group, Inc – MAMS
Inside Trade Info: MAM Software Group, Inc MAMS Dir Lewis William Austin sold 122,000 shares at $7.55 for a total of $921.1K.
Who is Dir Lewis William Austin?
Serves as Director of ViryaNet. Ltd, ScripsAmerica, Inc
CEO and CFO of PAID. Inc
Chairman of the Board of Medite Cancer Diagnostics, Inc
Chairman of eAutoclaims, Inc
Current Performance: https://finance.yahoo.com/quote/MAMS?p=MAMS
Marcus Corp – MCS
Inside Trade Info: Marcus Corp MCS Dir Milstein Philip L sold 10,000 shares at $30.63 for a total of $306.3K.
Who is Dir Milstein Philip L?
Serves as the President of Emigrant Savings Bank
Principal of Ogden CAP Properties, LLC
Treasurer of the Columbia University and Citizens Budget Commission
Current Performance: https://finance.yahoo.com/quote/MCS?p=MCS