Welcome to edition 167 of Insider Weekends. Insider buying increased with insiders purchasing $47.13 million of their stock last week compared to $39.95 million in the week prior. Selling also increased with insiders selling $917.32 million of stock last week compared to $742.11 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 increased to 19.46. In other words, insiders sold more than 19 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 18.57. 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. Independent Bank Group, Inc. (IBTX): $34.26
Shares of this regional bank were acquired by 6 insiders:
You can view the list of recent insider transactions for Independent Bank Group, Inc. here.
|P/E: 20.48||Forward P/E: 16.79||Industry P/E: N/A|
|P/S: 5.54||Price/Book: 1.93||EV/EBITDA: N/A|
|Market Cap: $413.72M||Avg. Daily Volume: 30,065||52 Week Range: $27.54 – $37.57|
2. 3M Company (MMM): $113.58
Director W James Farrell acquired 6,625 shares of this conglomerate, paying $114.41 per share for a total amount of $757,940.
You can view the list of recent insider transactions for 3M Company here.
|P/E: 17.78||Forward P/E: 15.39||Industry P/E: N/A|
|P/S: 2.56||Price/Book: 4.33||EV/EBITDA: 10.25|
|Market Cap: $77.63B||Avg. Daily Volume: 2,389,190||52 Week Range: $86.74 – $119.26|
3. TASER International Inc. (TASR): $11.64
Director Hadi Partovi acquired 50,000 shares of Taser, paying $11.89 per share for a total amount of $594,500. Mr. Partovi increased his stake by 28.66% to 224,462 shares with this purchase.
You can view the list of recent insider transactions for TASER International Inc. here.
|P/E: 39.86||Forward P/E: 31.46||Industry P/E: N/A|
|P/S: 4.93||Price/Book: 7.59||EV/EBITDA: 19.77|
|Market Cap: $594.37M||Avg. Daily Volume: 580,380||52 Week Range: $5.16 – $12.17|
4. Lehigh Gas Partners LP (LGP): $26.8
Shares of this wholesale distributor of motor fuels were acquired by 3 insiders:
You can view the list of recent insider transactions for Lehigh Gas Partners LP here.
|P/E: 41.74||Forward P/E: 18.74||Industry P/E: N/A|
|P/S: 0.21||Price/Book: 32.51||EV/EBITDA: 14.28|
|Market Cap: $403.37M||Avg. Daily Volume: 29,275||52 Week Range: $16.66 – $28.35|
5. Integrated Device Technology, Inc. (IDTI): $8.71
INTERIM PRESIDENT & CEO Jeffrey Stephen McCreary acquired 60,000 shares of this semiconductor company, paying $8.92 per share for a total amount of $534,988. Mr. McCreary increased his stake by 69.90% to 145,834 shares with this purchase.
You can view the list of recent insider transactions for Integrated Device Technology, Inc. here.
|P/E: N/A||Forward P/E: 16.13||Industry P/E: N/A|
|P/S: 2.83||Price/Book: 2.08||EV/EBITDA: 28.08|
|Market Cap: $1.31B||Avg. Daily Volume: 1,237,210||52 Week Range: $5.21 – $9.35|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Goodrich Petroleum Corp. (GDP): $21.45
Director Josiah T. Austin sold 1,000,000 shares of this independent oil & natural gas company for $21.61, generating $21.6 million from the sale. These shares were sold indirectly by El Coronado Holdings, LLC.
You can view the list of recent insider transactions for Goodrich Petroleum Corp. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 4.17||Price/Book: 6.74||EV/EBITDA: 12.96|
|Market Cap: $787.82M||Avg. Daily Volume: 1,151,460||52 Week Range: $7.77 – $24.01|
2. Facebook, Inc. (FB): $41.294
Shares of Facebook were sold by 4 insiders:
You can view the list of recent insider transactions for Facebook, Inc. here.
|P/E: 186.85||Forward P/E: 43.47||Industry P/E: N/A|
|P/S: 16.43||Price/Book: 8.08||EV/EBITDA: 32.82|
|Market Cap: $100.56B||Avg. Daily Volume: 55,355,500||52 Week Range: $17.55 – $42.26|
3. State Street Corporation (STT): $66.72
Shares of this financial services firm were sold by 3 insiders:
You can view the list of recent insider transactions for State Street Corporation here.
|P/E: 14.5||Forward P/E: 12.68||Industry P/E: N/A|
|P/S: 3.06||Price/Book: 1.54||EV/EBITDA: N/A|
|Market Cap: $29.76B||Avg. Daily Volume: 2,729,430||52 Week Range: $41.09 – $71.27|
4. IntercontinentalExchange, Inc. (ICE): $179.75
Chief Executive Officer Jeffrey C. Sprecher sold 44,029 shares of this financial services and clearing company for $184.96, generating $8.14 million from the sale. 40,000 of these shares were sold indirectly by Continental Power Exchange, Inc and 4,029 shares were sold indirectly by Mr. Sprecher’s spouse. 4,612 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 IntercontinentalExchange, Inc. here.
|P/E: 24||Forward P/E: 19.06||Industry P/E: N/A|
|P/S: 9.58||Price/Book: 3.41||EV/EBITDA: 13.46|
|Market Cap: $13.09B||Avg. Daily Volume: 653,729||52 Week Range: $122.72 – $188.78|
5. Westinghouse Air Brake Technologies Corporation (WAB): $58.52
Shares of this railroads components provider were sold by 3 insiders:
You can view the list of recent insider transactions for Westinghouse Air Brake Technologies Corporation here.
|P/E: 20.86||Forward P/E: 17.16||Industry P/E: N/A|
|P/S: 2.33||Price/Book: 4.08||EV/EBITDA: 12.89|
|Market Cap: $5.63B||Avg. Daily Volume: 485,174||52 Week Range: $38.56 – $60.11|
You can view the full list of sales from this Insider Sales page.