Welcome to edition 302 of Insider Weekends. Insider buying declined last week with insiders buying $26.94 million of stock compared to $38.86 million in the week prior. Selling more than doubled with insiders selling $1.32 billion of stock last week compared to $635.25 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 48.99. In other words, insiders sold almost 49 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 16.35 and is the highest we have seen since March 27, 2015. 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. Opko Health, Inc. (OPK): $10.41
Shares of this medical devices and drug development company were acquired by 2 insiders:
You can view the list of recent insider transactions for Opko Health, Inc. here.
P/E: N/A | Forward P/E: 61.24 | Industry P/E: 24.96 |
P/S: 12.47 | Price/Book: 3.1 | EV/EBITDA: -83.64 |
Market Cap: $5.68B | Avg. Daily Volume: 4,518,290 | 52 Week Range: $7.12 – $19.2 |
2. Patriot National, Inc. (PN): $8.51
Shares of this insurance industry services provider were acquired by 2 insiders:
You can view the list of recent insider transactions for Patriot National, Inc. here.
P/E: N/A | Forward P/E: 7.34 | Industry P/E: 27.93 |
P/S: 1.02 | Price/Book: 2.46 | EV/EBITDA: 9.76 |
Market Cap: $231.27M | Avg. Daily Volume: 503,656 | 52 Week Range: $3.56 – $19.32 |
3. Ambac Financial Group, Inc. (AMBC): $16.77
Shares of this insurance company were acquired by 2 insiders:
You can view the list of recent insider transactions for Ambac Financial Group, Inc. here.
P/E: 1.56 | Forward P/E: 8.38 | Industry P/E: 3.57 |
P/S: 1.1 | Price/Book: 0.42 | EV/EBITDA: 10.75 |
Market Cap: $755.44M | Avg. Daily Volume: 369,226 | 52 Week Range: $11.92 – $25.91 |
4. EVINE Live Inc. (EVLV): $1.27
Shares of this digital commerce company were acquired by 9 insiders:
You can view the list of recent insider transactions for EVINE Live Inc. here.
P/E: N/A | Forward P/E: 21.17 | Industry P/E: 15.39 |
P/S: 0.1 | Price/Book: 0.88 | EV/EBITDA: 18.77 |
Market Cap: $72.61M | Avg. Daily Volume: 548,623 | 52 Week Range: $0.41 – $6.96 |
5. Care Capital Properties, Inc. (CCP): $26.17
Chief Executive Officer Raymond J. Lewis acquired 20,000 shares of this healthcare facilities REIT, paying $25.69 per share for a total amount of $513,846. Mr. Lewis increased his stake by 9.95% to 221,080 shares with this purchase.
You can view the list of recent insider transactions for Care Capital Properties, Inc. here.
P/E: 14.76 | Forward P/E: 9.28 | Industry P/E: N/A |
P/S: 7.22 | Price/Book: 1.83 | EV/EBITDA: 12.79 |
Market Cap: $2.20B | Avg. Daily Volume: 668,553 | 52 Week Range: $23.65 – $36.44 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Facebook, Inc. (FB): $116.06
Shares of Facebook were sold by 3 insiders:
You can view the list of recent insider transactions for Facebook, Inc. here.
P/E: 89.76 | Forward P/E: 28.03 | Industry P/E: 31.22 |
P/S: 18.11 | Price/Book: 7.31 | EV/EBITDA: 37.9 |
Market Cap: $340.44B | Avg. Daily Volume: 35,694,300 | 52 Week Range: $72 – $117.59 |
2. Apple Inc. (AAPL): $109.99
Senior Vice President Philip W. Schiller sold 268,644 shares of Apple for $110.01, generating $29.55 million from the sale. These shares were sold indirectly through a trust.
You can view the list of recent insider transactions for Apple Inc. here.
P/E: 11.7 | Forward P/E: 10.98 | Industry P/E: 21.25 |
P/S: 2.57 | Price/Book: 4.71 | EV/EBITDA: 7.66 |
Market Cap: $609.85B | Avg. Daily Volume: 46,038,500 | 52 Week Range: $92 – $134.54 |
3. Ross Stores Inc. (ROST): $58.64
Shares of this apparel chain were sold by 4 insiders:
You can view the list of recent insider transactions for Ross Stores Inc. here.
P/E: 23.93 | Forward P/E: 19.29 | Industry P/E: 16.81 |
P/S: 2 | Price/Book: 9.8 | EV/EBITDA: 12.62 |
Market Cap: $24.26B | Avg. Daily Volume: 3,207,470 | 52 Week Range: $43.47 – $59.68 |
4. Six Flags Entertainment Corporation (SIX): $58.19
Shares of this theme park operator were sold by 2 insiders:
You can view the list of recent insider transactions for Six Flags Entertainment Corporation here.
P/E: 36.83 | Forward P/E: 31.45 | Industry P/E: 29.87 |
P/S: 4.02 | Price/Book: 209.4 | EV/EBITDA: 14.54 |
Market Cap: $5.42B | Avg. Daily Volume: 907,273 | 52 Week Range: $41.6 – $58.3 |
5. salesforce.com, inc. (CRM): $75.73
Shares of this software-as-a-service (SaaS) provider were sold by 5 insiders:
You can view the list of recent insider transactions for salesforce.com, inc. here.
P/E: N/A | Forward P/E: 58.25 | Industry P/E: 36.8 |
P/S: 7.41 | Price/Book: 9.87 | EV/EBITDA: 85.06 |
Market Cap: $50.81B | Avg. Daily Volume: 6,114,910 | 52 Week Range: $52.6 – $82.9 |
You can view the full list of sales from this Insider Sales page.
Disclaimer Clients of Signal Partners, LLC and I may have positions in any of these stocks at any time. 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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