Welcome to edition 168 of Insider Weekends. Insider buying decreased with insiders purchasing $25.89 million of their stock last week compared to $47.13 million in the week prior. Selling increased with insiders selling $1.44 billion of stock last week compared to $917.32 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 58.28. In other words, insiders sold more than 58 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 19.46. 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. Valeant Pharmaceuticals International, Inc. (VRX): $100.24
Director Fred Hassan acquired 51,000 shares of this Canadian pharmaceutical company, paying $99.01 per share for a total amount of $5.05 million. Mr. Hassan increased his stake by 1717.75% to 53,969 shares with this purchase.
You can view the list of recent insider transactions for Valeant Pharmaceuticals International, Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 8.25||Price/Book: 5.82||EV/EBITDA: 19.74|
|Market Cap: $33.43B||Avg. Daily Volume: 1,481,080||52 Week Range: $52.5 – $105.4|
2. Biglari Holdings Inc. (BH): $418.13
Chairman and CEO Sardar Biglari, acquired 7,145 shares of this restaurant chain, paying $420.10 per share for a total amount of $3 million. Mr. Biglari, increased his stake by 70.93% to 17,218 shares with this purchase.
You can view the list of recent insider transactions for Biglari Holdings Inc. here.
|P/E: 4.78||Forward P/E: 29.08||Industry P/E: N/A|
|P/S: 0.8||Price/Book: 1.24||EV/EBITDA: 12.24|
|Market Cap: $599.18M||Avg. Daily Volume: 9,469||52 Week Range: $303.203 – $434.438|
3. Nuverra Environmental Solutions, Inc. (NES): $2.58
Shares of this waste management company were acquired by 2 insiders:
You can view the list of recent insider transactions for Nuverra Environmental Solutions, Inc. here.
|P/E: N/A||Forward P/E: 129||Industry P/E: N/A|
|P/S: 1.25||Price/Book: 0.78||EV/EBITDA: 13.29|
|Market Cap: $670.65M||Avg. Daily Volume: 2,485,220||52 Week Range: $2.06 – $5.14|
4. Commercial Vehicle Group Inc. (CVGI): $7.58
Shares of this auto parts company were acquired by 2 insiders:
You can view the list of recent insider transactions for Commercial Vehicle Group Inc. here.
|P/E: 11.66||Forward P/E: 9.84||Industry P/E: N/A|
|P/S: 0.28||Price/Book: 3.63||EV/EBITDA: 13.78|
|Market Cap: $216.31M||Avg. Daily Volume: 109,348||52 Week Range: $6.55 – $9.18|
5. AllianceBernstein Holding L.P. (AB): $20.01
Director Scott A. Schoen acquired 50,000 shares of this asset management company, paying $19.61 per share for a total amount of $980,640.
You can view the list of recent insider transactions for AllianceBernstein Holding L.P. here.
|P/E: 24.67||Forward P/E: 11.63||Industry P/E: N/A|
|P/S: 21.42||Price/Book: 1.31||EV/EBITDA: N/A|
|Market Cap: $2.12B||Avg. Daily Volume: 396,277||52 Week Range: $14.26 – $27.38|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Microsoft Corporation (MSFT): $31.152
Shares of Microsoft were sold by 3 insiders:
You can view the list of recent insider transactions for Microsoft Corporation here.
|P/E: 12.07||Forward P/E: 10.32||Industry P/E: N/A|
|P/S: 3.34||Price/Book: 3.3||EV/EBITDA: 7.29|
|Market Cap: $259.49B||Avg. Daily Volume: 52,359,900||52 Week Range: $26.26 – $36.43|
2. Tornier N.V. (TRNX): $18.89
Director Alain Tornier sold 1,202,208 shares of this medical device company for $18.17, generating $21.84 million from the sale. These shares were sold indirectly by KCH Oslo AS.
You can view the list of recent insider transactions for Tornier N.V. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 3.03||Price/Book: 1.77||EV/EBITDA: 35.54|
|Market Cap: $902.66M||Avg. Daily Volume: 260,075||52 Week Range: $14.53 – $20.49|
3. Kirby Corporation (KEX): $82.77
Shares of this shipping company were sold by 2 insiders:
You can view the list of recent insider transactions for Kirby Corporation here.
|P/E: 20.29||Forward P/E: 17.14||Industry P/E: N/A|
|P/S: 2.15||Price/Book: 2.54||EV/EBITDA: 10.39|
|Market Cap: $4.70B||Avg. Daily Volume: 273,689||52 Week Range: $53.6 – $88.48|
4. ServiceNow, Inc. (NOW): $46.95
Shares of this software-as-a-service provider were sold by 4 insiders:
You can view the list of recent insider transactions for ServiceNow, Inc. here.
|P/E: N/A||Forward P/E: 313||Industry P/E: N/A|
|P/S: 19.87||Price/Book: 24.2||EV/EBITDA: -182.57|
|Market Cap: $6.42B||Avg. Daily Volume: 1,608,670||52 Week Range: $25.54 – $48.09|
5. hhgregg, Inc. (HGG): $17.1
Executive VP and COO Gregg W. Throgmartin sold 552,553 shares of this electronics store for $18.19, generating $10.05 million from the sale. These shares were sold indirectly through a trust.
You can view the list of recent insider transactions for hhgregg, Inc. here.
|P/E: 19.04||Forward P/E: 17.45||Industry P/E: N/A|
|P/S: 0.22||Price/Book: 1.6||EV/EBITDA: 5.74|
|Market Cap: $529.36M||Avg. Daily Volume: 271,722||52 Week Range: $5.84 – $19.41|
You can view the full list of sales from this Insider Sales page.