Welcome to edition sixty five of Insider Weekends. Insider buying increased with insiders purchasing $306.6 million of their stock last week when compared to $216.1 million in the week prior. Selling also increased with insiders selling $521.6 million worth of stock compared to $218.7 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 went up to 1.7. In other words, insiders sold almost twice the amount of stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the week prior when the ratio stood at 1.01. 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.
Note: As mentioned in the first post in this series Introduction to Insider Weekends, 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. Overseas Shipholding Group Inc. (OSG): $16.29
Shares of this oil tanker company were acquired by 2 insiders:
You can view the list of recent insider transactions for Overseas Shipholding Group Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 0.51||Price/Book: 0.31||EV/EBITDA: 103.93|
|Market Cap: $496.26M||Avg. Daily Volume: 820,562||52 Week Range: $14.77 – $38.32|
2. Zhongpin, Inc. (HOGS): $9.31
Shares of this Chinese food and meat products company were acquired by 2 insiders:
You can view the list of recent insider transactions for Zhongpin, Inc. here.
|P/E: 4.98||Forward P/E: 3.77||Industry P/E: 14.01|
|P/S: 0.33||Price/Book: 0.8||EV/EBITDA: 5.54|
|Market Cap: $375.71M||Avg. Daily Volume: 1,102,700||52 Week Range: $7.7 – $25|
3. MBIA Inc. (MBI): $7.64
Chief Executive Officer Joseph W. Brown acquired 100,000 shares of this property & casualty insurance company, paying $7.60 per share for a total amount of $760,000. Mr. Brown increased his stake by 2.34% to 4,378,446 shares with this purchase.
Voluntary Disclosure: I hold a long position in MBIA.
You can view the list of recent insider transactions for MBIA Inc. here.
|P/E: N/A||Forward P/E: 6.02||Industry P/E: 11.26|
|P/S: N/A||Price/Book: 0.8||EV/EBITDA: -9.14|
|Market Cap: $1.50B||Avg. Daily Volume: 3,347,050||52 Week Range: $5.99 – $14.96|
4. Monster Worldwide, Inc. (MWW): $8.73
Shares of this online employment solutions provider were acquired by 4 insiders:
It is worth noting that all these insiders acquired shares of Monster Worldwide at the same purchase price.
You can view the list of recent insider transactions for Monster Worldwide, Inc. here.
|P/E: 167.88||Forward P/E: 11.64||Industry P/E: 14.56|
|P/S: 1.07||Price/Book: 0.92||EV/EBITDA: 8.91|
|Market Cap: $1.07B||Avg. Daily Volume: 3,761,510||52 Week Range: $7 – $25.9|
5. Medtronic, Inc. (MDT): $34.21
Shares of this medical devices company were acquired by 3 insiders:
You can view the list of recent insider transactions for Medtronic, Inc. here.
|P/E: 11.92||Forward P/E: 9.07||Industry P/E: N/A|
|P/S: 2.29||Price/Book: 2.27||EV/EBITDA: 8.03|
|Market Cap: $36.38B||Avg. Daily Volume: 7,273,540||52 Week Range: $30.18 – $43.33|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Perrigo Co. (PRGO): $89.87
Shares of this pharmaceutical company were sold by 12 insiders:
You can view the list of recent insider transactions for Perrigo Co. here.
|P/E: 24.79||Forward P/E: 17.35||Industry P/E: 15.46|
|P/S: 3.15||Price/Book: 5.67||EV/EBITDA: 15.03|
|Market Cap: $8.34B||Avg. Daily Volume: 678,036||52 Week Range: $57.68 – $97.29|
2. Clean Energy Fuels Corp. (CLNE): $12.42
Shares of this natural gas fueling stations company were sold by 3 insiders:
It is very interesting to see famous oil tycoon and investor T. Boone Pickens dump his Clean Energy stock, especially after championing alternative energy sources and natural gas.
You can view the list of recent insider transactions for Clean Energy Fuels Corp. here.
|P/E: 66.77||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 3.77||Price/Book: 2.17||EV/EBITDA: 37.07|
|Market Cap: $873.16M||Avg. Daily Volume: 1,711,520||52 Week Range: $11.16 – $17.85|
3. Waste Connections Inc. (WCN): $33.63
Shares of this waste management company were sold by 6 insiders:
You can view the list of recent insider transactions for Waste Connections Inc. here.
|P/E: 24.35||Forward P/E: 19.67||Industry P/E: 15.7|
|P/S: 2.75||Price/Book: 2.77||EV/EBITDA: 10.88|
|Market Cap: $3.80B||Avg. Daily Volume: 801,458||52 Week Range: $25.6 – $35.35|
4. Nxstage Medical, Inc. (NXTM): $17.82
Shares of this medical devices company were sold by 2 insiders:
You can view the list of recent insider transactions for Nxstage Medical, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 23.42|
|P/S: 4.91||Price/Book: 6.46||EV/EBITDA: -165.22|
|Market Cap: $976.05M||Avg. Daily Volume: 603,461||52 Week Range: $15.93 – $27.12|
5. Douglas Emmett Inc (DEI): $17.21
Chairman of the Board Dan A. Emmett sold 140,000 shares of this office and apartment REIT for $17.69, generating $2.5 million from the sale. These shares were sold indirectly through a trust and a limited partnership.
You can view the list of recent insider transactions for Douglas Emmett Inc here.
|P/E: N/A||Forward P/E: 12.56||Industry P/E: 14.46|
|P/S: 3.87||Price/Book: 1.21||EV/EBITDA: 16.38|
|Market Cap: $2.20B||Avg. Daily Volume: 1,891,850||52 Week Range: $15.53 – $21.08|
You can view the full list of sales from this Insider Sales page.