Welcome to the two year anniversary edition of Insider Weekends. Insider buying decreased with insiders purchasing $250.5 million of their stock last week compared to $346.3 million in the week prior. Selling inched up a little with insiders selling $385.5 million worth of stock last week compared to $373.3 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 1.54. In other words, insiders sold less than 2 times the amount of stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the week prior when the ratio stood at 1.1. 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, 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. Scientific Games Corporation (SGMS): $8.88
Director Ronald O. Perelman acquired 805,000 shares of this casino and lottery equipment provider, paying $8.14 per share for a total amount of $6.6 million. These shares were purchased indirectly through various entities that are controlled by Mr. Perelman.
You can view the list of recent insider transactions for Scientific Games Corporation here.
|P/E: N/A||Forward P/E: 15.05||Industry P/E: 12.33|
|P/S: 0.9||Price/Book: 1.72||EV/EBITDA: 11.06|
|Market Cap: $823.86M||Avg. Daily Volume: 583,073||52 Week Range: $6.5 – $13.08|
2. Akamai Technologies, Inc. (AKAM): $30.12
Shares of this internet information provider were acquired by 2 insiders:
Akamai has a very strong balance sheet, sports operating margins of over 30%, has managed to grow revenue despite the loss of the Netflix business to Level 3 Communications (LVLT) and trades for less than 10 times EBITDA. The stock has been under pressure recently after Netflix (NFLX) announced plans to build out its own content delivery network.
You can view the list of recent insider transactions for Akamai Technologies, Inc. here.
|P/E: 28.66||Forward P/E: 16.19||Industry P/E: 27.77|
|P/S: 4.33||Price/Book: 2.36||EV/EBITDA: 9.91|
|Market Cap: $5.40B||Avg. Daily Volume: 3,460,000||52 Week Range: $18.25 – $39.14|
3. Och-Ziff Capital Management Group LLC (OZM): $7.34
Chief Executive Officer Daniel Och acquired 500,471 shares of this alternative asset management company, paying $6.88 per share for a total amount of $3.4 million. Mr. Och increased his stake by 34.36% to 1,957,071 shares with this purchase.
Och-Ziff was the subject of one of our weekly focus articles that highlight one company with insider buying each week.
You can view the list of recent insider transactions for Och-Ziff Capital Management Group LLC here.
|P/E: N/A||Forward P/E: 5.36||Industry P/E: 12.32|
|P/S: 1.65||Price/Book: N/A||EV/EBITDA: 5.9|
|Market Cap: $1.03B||Avg. Daily Volume: 954,527||52 Week Range: $6.56 – $14.3|
4. McDermott International Inc. (MDR): $10.73
Shares of this offshore oil services provider were acquired by 4 insiders:
You can view the list of recent insider transactions for McDermott International Inc. here.
|P/E: 19.37||Forward P/E: 9.02||Industry P/E: 11.95|
|P/S: 0.75||Price/Book: 1.43||EV/EBITDA: 5.28|
|Market Cap: $2.53B||Avg. Daily Volume: 3,730,670||52 Week Range: $9.04 – $21.69|
5. Furiex Pharmaceuticals, Inc. (FURX): $18.68
Director Fredric N. Eshelman acquired 120,394 shares of this drug development collaboration company, paying $19.92 per share for a total amount of $2.4 million. Mr. Eshelman increased his stake by 4.88% to 2,588,035 shares with this purchase.
You can view the list of recent insider transactions for Furiex Pharmaceuticals, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 19.47|
|P/S: 27.89||Price/Book: 2.85||EV/EBITDA: -3.84|
|Market Cap: $185.85M||Avg. Daily Volume: 95,141||52 Week Range: $12.16 – $25|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. PVH Corp. (PVH): $79.96
Shares of this apparel company were sold by 2 insiders:
You can view the list of recent insider transactions for PVH Corp. here.
|P/E: 16.53||Forward P/E: 11.21||Industry P/E: 13.4|
|P/S: 0.91||Price/Book: 1.91||EV/EBITDA: 9.51|
|Market Cap: $5.48B||Avg. Daily Volume: 1,219,390||52 Week Range: $51.15 – $93.06|
2. Western Refining, Inc. (WNR): $19.71
Chairman of BOD, Executive Chair Paul L. Foster sold 300,000 shares of this crude oil refining company for $18.85, generating $5.7 million from the sale. 100,000 of these shares were sold indirectly by Franklin Mountain Investments Limited Partnership.
You can view the list of recent insider transactions for Western Refining, Inc. here.
|P/E: 27.22||Forward P/E: 5.81||Industry P/E: 11.01|
|P/S: 0.19||Price/Book: 2.29||EV/EBITDA: 2.76|
|Market Cap: $1.77B||Avg. Daily Volume: 2,199,820||52 Week Range: $11.17 – $21.75|
3. Skyworks Solutions Inc. (SWKS): $27.96
Shares of this semiconductor company were sold by 6 insiders:
You can view the list of recent insider transactions for Skyworks Solutions Inc. here.
|P/E: 25.65||Forward P/E: 13.07||Industry P/E: 19.09|
|P/S: 3.43||Price/Book: 3.03||EV/EBITDA: 12.84|
|Market Cap: $5.30B||Avg. Daily Volume: 4,650,460||52 Week Range: $13.72 – $29.09|
4. Duff & Phelps Corporation (DUF): $13.99
Director Jeffrey Lovell sold 271,402 shares of this independent financial advisory and investment banking services provider for $14.25, generating $3.9 million from the sale. These shares were sold indirectly by Lovell Minnick Partners LLC.
You can view the list of recent insider transactions for Duff & Phelps Corporation here.
|P/E: 22.64||Forward P/E: 12.27||Industry P/E: 12.32|
|P/S: 1.33||Price/Book: 1.63||EV/EBITDA: 7.51|
|Market Cap: $539.51M||Avg. Daily Volume: 164,995||52 Week Range: $9.29 – $16.5|
5. Chicago Bridge & Iron Company N.V. (CBI): $35.95
President and CEO Philip K. Asherman sold 92,380 shares of this provider of engineering and construction services for $35.05, generating $3.2 million from the sale. 17,380 of these shares were sold as a result of exercising options immediately prior to the sale.
You can view the list of recent insider transactions for Chicago Bridge & Iron Company N.V. here.
|P/E: 13.56||Forward P/E: 10.33||Industry P/E: 10.25|
|P/S: 0.73||Price/Book: 2.96||EV/EBITDA: 6.57|
|Market Cap: $3.49B||Avg. Daily Volume: 1,076,800||52 Week Range: $23.88 – $47.74|
You can view the full list of sales from this Insider Sales page.