Insider Weekends – Chairman of Entercom Communications Purchases $3.69 Million Worth of Stock

Welcome to edition 362 of Insider Weekends. Insider buying decreased with insiders buying $196.28 million of stock compared to $293.62 million in the week prior. Selling on the other hand increased with insiders selling $1.84 billion of stock last week compared to $1.82 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 went up to 9.36. In other words, insiders sold more than 9 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 6.18.

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. American Assets Trust, Inc. (AAT): $39.43

Chairman, CEO & President Ernest S. Rady acquired 130,835 shares of this diversified REIT, paying $39.38 per share for a total amount of $5.15 million. These shares were purchased indirectly by American Assets, Inc.

This is the third time this year we have featured purchases by Mr. Rady of American Assets Trust. Since the start of this year his purchases have totaled $15.91 million. While most retail REITs have dropped sharply over the last year, American Assets Trust essentially trades very close to where it was a year ago. The yield also remain a low 2.64%.

You can view the list of recent insider transactions for American Assets Trust, Inc. here.

2. Entercom Communications Corp. (ETM): $10.45

Chairman Joseph M. Field acquired 370,618 shares of this radio broadcasting company, paying $9.97 per share for a total amount of $3.69 million. These shares were purchased indirectly through a trust.

In a world moving rapidly to digital services, it is interesting to see a terrestrial radio broadcasting company with 127 radio stations in 28 markets not only remain profitable but consistently grow revenue every quarter for the last 8 quarters in a row.

You can view the list of recent insider transactions for Entercom Communications Corp. here.

3. WildHorse Resource Development Corporation (WRD): $13.08

Shares of this independent oil and natural gas company were acquired by 4 insiders:

• President Anthony Franklin Bahr acquired 143,526 shares, paying $12.67 per share for a total amount of $1.82 million. Mr. Bahr increased his stake by 28.71% to 643,526 shares with this purchase.
• Executive Vice President and Chief Operating Officer Steve Saad Habachy acquired 80,691 shares, paying $12.40 per share for a total amount of $1 million.
• Chief Executive Officer Jay Carlton Graham acquired 40,000 shares, paying $12.42 per share for a total amount of $496,800. Mr. Graham increased his stake by 8.00% to 540,000 shares with this purchase.
• Director Jonathan M. Clarkson acquired 6,000 shares, paying $12.51 per share for a total amount of $75,060. Mr. Clarkson increased his stake by 60.00% to 16,000 shares with this purchase.

You can view the list of recent insider transactions for WildHorse Resource Development Corporation here.

4. Continental Resources, Inc. (CLR): $39.61

CEO & Chairman Harold Hamm acquired 36,452 shares of this oil & gas company, paying $42.05 per share for a total amount of $1.53 million. These shares were purchased indirectly by Transwestern Transports LLC.

You can view the list of recent insider transactions for Continental Resources, Inc. here.

5. Stein Mart, Inc. (SMRT): $1.35

Shares of this apparel and fashion products retailer were acquired by 4 insiders:

• Chairman Jay Stein acquired 900,000 shares, paying $1.50 per share for a total amount of $1.35 million. These shares were purchased indirectly by Stein Ventures Limited Partnership.
• Director Richard L. Sisisky acquired 50,000 shares, paying $1.51 per share for a total amount of $75,720. Mr. Sisisky increased his stake by 58.58% to 135,351 shares with this purchase.
• Director Mitchell W. Legler acquired 45,000 shares, paying $1.54 per share for a total amount of $69,095. Mr. Legler increased his stake by 17.71% to 299,108 shares with this purchase.
• Controller Eva Chantelle Quick acquired 8,500 shares, paying $1.27 per share for a total amount of $10,779. Ms. Quick increased his stake by 45.74% to 27,084 shares with this purchase.

You can view the list of recent insider transactions for Stein Mart, Inc. here.

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Facebook, Inc. (FB): $152.13

Shares of Facebook were sold by 4 insiders:

• Chief Operating Officer Sheryl Sandberg sold 163,500 shares for $149.55, generating $24.45 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
• Chief Product Officer Christopher K. Cox sold 16,000 shares for $148.03, generating $2.37 million from the sale.
• Chief Financial Officer David M. Wehner sold 15,470 shares for $148.47, generating $2.29 million from the sale.
• VP and General Counsel Colin Stretch sold 750 shares for $148.54, generating $111,403 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

2. MACOM Technology Solutions Holdings, Inc. (MTSI): $60.45

Shares of this semiconductor company were sold by 4 insiders:.

• Chairman John L. Ocampo sold 164,771 shares for $57.61, generating $9.49 million from the sale. These shares were sold indirectly through various trusts.
• SVP and GM, Networks Preetinder S. Virk sold 14,980 shares for $54.19, generating $811,766 from the sale.
• Director Gil Van Lunsen sold 2,000 shares for $60.01, generating $120,020 from the sale.

You can view the list of recent insider transactions for MACOM Technology Solutions Holdings, Inc. here.

3. Apple Inc. (AAPL): $153.61

Shares of Apple were sold by 3 insiders:

• Senior Vice President Craig Federighi sold 64,500 shares for $153.62, generating $9.91 million from the sale.
• Senior Vice President Eduardo H. Cue sold 45,000 shares for $153.78, generating $6.92 million from the sale. These shares were sold indirectly through a trust.
• Senior Vice President Johny Srouji sold 10,000 shares for $153.20, generating $1.53 million from the sale.

You can view the list of recent insider transactions for Apple Inc. here.

4. Criteo S.A. (CRTO): $54.9

Shares of this digital performance marketing company were sold by 2 insiders:

• Executive Chairman Jean-Baptiste Rudelle sold 212,350 shares for $52.72, generating $11.19 million from the sale.
• Chief Financial Officer Benoit Fouilland sold 12,500 shares for $50.93, generating $636,575 from the sale.

You can view the list of recent insider transactions for Criteo S.A. here.

5. Cisco Systems, Inc. (CSCO): $31.5

Executive Chairman John T. Chambers sold 295,537 shares of Cisco for $31.52, generating $9.31 million from the sale. 45,537 of these shares were sold indirectly through a trust.

You can view the list of recent insider transactions for Cisco Systems, Inc. here.

You can view the full list of sales from this Insider Sales page.

Disclaimer: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

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