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Insider Buying

    Insider Weekends – May 20, 2016

    Welcome to edition 309 of Insider Weekends. Insider buying decreased last week with insiders buying $75.93 million of stock compared to $79 million in the week prior. Selling increased with insiders selling $2.17 billion of stock last week compared to $1.84 billion 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 28.53. In other words, insiders sold almost 29 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 23.26. 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.

    Insider Sell Buy Ratio May 20, 2016

    Insider Sell Buy Ratio May 20, 2016

    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. Western Refining, Inc. (WNR): $23.23

    Chairman of BOD, Executive Chair Paul L. Foster acquired 1,000,000 shares of this oil and gas pipelines company, paying $21.60 per share for a total amount of $21.6 million. 475,000 of these shares were purchased indirectly by Franklin Mountain Investments Limited Partnership.

    You can view the list of recent insider transactions for Western Refining, Inc. here.

    P/E: 6.61 Forward P/E: 10.37 Industry P/E: 14.04
    P/S: 0.23 Price/Book: 1.71 EV/EBITDA: 3.37
    Market Cap: $2.12B Avg. Daily Volume: 2,845,660 52 Week Range: $20.64 – $50.71

    2. IDI, Inc (IDI): $5.1

    Executive Chairman Michael Brauser acquired 419,530 shares of this data and analytical solutions provider, paying $5.25 per share for a total amount of $2.2 million. These shares were purchased indirectly by Birchtree Capital, LLC.

    You can view the list of recent insider transactions for IDI, Inc here.

    P/E: N/A Forward P/E: N/A Industry P/E: 18.55
    P/S: 4.51 Price/Book: 1.14 EV/EBITDA: -6.03
    Market Cap: $234.56M Avg. Daily Volume: 94,348 52 Week Range: $3.78 – $12.8

    3. Sotheby’s (BID): $28.65

    Shares of this auctioneer were acquired by 3 insiders:

    • EVP, Chief Financial Officer Michael F. Goss acquired 50,000 shares, paying $27.72 per share for a total amount of $1.39 million.
    • Director Olivier Reza acquired 10,000 shares, paying $27.61 per share for a total amount of $276,112. These shares were purchased indirectly through a trust.
    • Director Dennis M. Weibling acquired 10,000 shares, paying $27.94 per share for a total amount of $279,407. Mr. Weibling increased his stake by 14.08% to 81,000 shares with this purchase.

    You can view the list of recent insider transactions for Sotheby’s here.

    P/E: 154.86 Forward P/E: 14.18 Industry P/E: 17.63
    P/S: 1.8 Price/Book: 2.7 EV/EBITDA: 10.38
    Market Cap: $1.68B Avg. Daily Volume: 1,210,710 52 Week Range: $18.86 – $47.28

    4. Hudson Pacific Properties, Inc. (HPP): $27.62

    Shares of this California based office properties REIT, were acquired by 3 insiders:

    • Director Jonathan M. Glaser acquired 53,500 shares, paying $28.49 per share for a total amount of $1.52 million. 3,000 of these shares were purchased through a pension plan and the rest were purchased indirectly through a Limited Liability Company.
    • Chief Executive Officer Victor J. Coleman acquired 10,000 shares, paying $26.86 per share for a total amount of $268,600. These shares were purchased indirectly through a trust.
    • Director Barry Alan Porter acquired 5,000 shares, paying $27.61 per share for a total amount of $138,050. Mr. Porter increased his stake by 7.85% to 68,673 shares with this purchase.

    You can view the list of recent insider transactions for Hudson Pacific Properties, Inc. here.

    P/E: N/A Forward P/E: 14.24 Industry P/E: N/A
    P/S: 3.96 Price/Book: 1.48 EV/EBITDA: 26.07
    Market Cap: $2.46B Avg. Daily Volume: 895,170 52 Week Range: $22.77 – $31.84

    5. TICC Capital Corp. (TICC): $5.29

    Shares of this business development company were acquired by 4 insiders:

    • President and COO Saul B. Rosenthal acquired 114,371 shares, paying $5.37 per share for a total amount of $613,846. Mr. Rosenthal increased his stake by 57.22% to 314,235 shares with this purchase.
    • Director Charles M. Royce acquired 57,185 shares, paying $5.37 per share for a total amount of $306,920. Mr. Royce increased his stake by 35.36% to 218,906 shares with this purchase.
    • Director Steven P. Novak acquired 3,000 shares, paying $5.29 per share for a total amount of $15,881. These shares were purchased indirectly by Mr. Novak’s spouse.

    You can view the list of recent insider transactions for TICC Capital Corp. here.

    P/E: N/A Forward P/E: 11.26 Industry P/E: N/A
    P/S: 3.26 Price/Book: 0.87 EV/EBITDA: N/A
    Market Cap: $272.33M Avg. Daily Volume: 196,569 52 Week Range: $4.16 – $7.22

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Camden Property Trust (CPT): $84.51

    Chairman and CEO Richard J. Campo sold 110,000 shares of this apartment REIT for $85.80, generating $9.44 million from the sale.

    You can view the list of recent insider transactions for Camden Property Trust here.

    P/E: 43.58 Forward P/E: 18.25 Industry P/E: N/A
    P/S: 7.88 Price/Book: 2.92 EV/EBITDA: 19.47
    Market Cap: $7.35B Avg. Daily Volume: 603,841 52 Week Range: $67.27 – $87.19

    2. VCA Inc. (WOOF): $64.61

    COO & Senior VP Arthur J. Antin sold 200,000 shares of this animal healthcare company for $64.04, generating $12.81 million from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for VCA Inc. here.

    P/E: 24.17 Forward P/E: 20.19 Industry P/E: 24.57
    P/S: 2.36 Price/Book: 3.98 EV/EBITDA: 14.3
    Market Cap: $5.22B Avg. Daily Volume: 691,194 52 Week Range: $44 – $65.34

    3. Activision Blizzard, Inc. (ATVI): $37.53

    Shares of this video game software company were sold by 2 insiders:

    • Chief Operating Officer Thomas Tippl sold 300,000 shares for $39.08, generating $11.72 million from the sale. These shares were sold indirectly through a trust.
    • Director Robert J. Morgado sold 25,000 shares for $38.43, generating $960,720 from the sale. 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 Activision Blizzard, Inc. here.

    P/E: 33.69 Forward P/E: 17.62 Industry P/E: 18.05
    P/S: 5.76 Price/Book: 3.34 EV/EBITDA: 19.26
    Market Cap: $27.71B Avg. Daily Volume: 6,870,480 52 Week Range: $24.04 – $39.93

    4. Electronic Arts Inc. (EA): $73.11

    Shares of this video games company were sold by 6 insiders:

    • EVP, EA Studios Patrick Soderlund sold 90,752 shares for $74.87, generating $6.79 million from the sale.
    • EVP & Chief Comp. Officer Peter R. Moore sold 18,475 shares for $75.14, generating $1.39 million from the sale.
    • SVP and General Counsel Jacob J. Schatz sold 10,000 shares for $74.90, generating $749,029 from the sale. 5,026 of these shares were sold as a result of exercising options immediately prior to the sale.
    • SVP, EA Mobile and Maxis Samantha S. Smith sold 4,029 shares for $75.57, generating $304,490 from the sale.
    • Director Denise Warren sold 2,500 shares for $74.85, generating $187,126 from the sale.
    • EVP Global Publishing Laura Miele sold 2,072 shares for $74.14, generating $153,618 from the sale.

    You can view the list of recent insider transactions for Electronic Arts Inc. here.

    P/E: 20.89 Forward P/E: 17.96 Industry P/E: 18.05
    P/S: 5.13 Price/Book: 6.64 EV/EBITDA: 18.05
    Market Cap: $22.61B Avg. Daily Volume: 3,651,110 52 Week Range: $53.01 – $77.15

    5. Markel Corp. (MKL): $982.84

    Shares of this insurance company were sold by 4 insiders:

    • Vice Chairman Steven A. Markel sold 5,000 shares for $955.94, generating $4.78 million from the sale.
    • President F. Michael Crowley sold 2,000 shares for $949.93, generating $1.89 million from the sale.
    • Exec Vice President and CFO Anne G. Waleski sold 1,133 shares for $962.27, generating $1.09 million from the sale.
    • Co-Chief Executive Officer Richard R. Whitt sold 200 shares for $962.82, generating $192,564 from the sale.

    You can view the list of recent insider transactions for Markel Corp. here.

    P/E: 24.94 Forward P/E: 34.34 Industry P/E: 12.5
    P/S: 2.47 Price/Book: 1.63 EV/EBITDA: 11.76
    Market Cap: $13.73B Avg. Daily Volume: 41,053 52 Week Range: $763 – $986.26

    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.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – May 13, 2016

    Welcome to edition 308 of Insider Weekends. Insider buying increased last week with insiders buying $79 million of stock compared to $43.91 million in the week prior. Selling decreased with insiders selling $1.84 billion of stock last week compared to $2.43 billion 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 dropped down to 23.26. In other words, insiders sold more than 23 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 55.46. 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.

    Insider Sell Buy Ratio May 13, 2016

    Insider Sell Buy Ratio May 13, 2016

    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. IDI, Inc. (IDI): $5.35

    Shares of this data and analytical solutions provider were acquired by 2 insiders:

    • Director Phillip Frost M.D. acquired 2,190,000 shares, paying $4.80 per share for a total amount of $10.51 million. These shares were purchased indirectly by Frost Gamma Investments Trust.
    • President James Patrick Reilly acquired 900 shares, paying $4.79 per share for a total amount of $4,311. Mr. Reilly increased his stake by 2.87% to 32,238 shares with this purchase.

    We were a little surprised to see this purchase by Dr. Frost as most of his large purchases in the past were related to the healthcare company Opko Health (OPK) where he serves as the Chairman and CEO. This is his largest purchases in IDI since we started tracking insider transactions back in 2010 and leaves him with a 34% stake in the company following the purchase.

    Dr. Frost began his career in 1972, when he bought Key Pharmaceuticals along with Michael Jaharis and turned the company around. He was Chairman of the Board of Directors of Key Pharmaceuticals until 1986 when it was acquired by Schering-Plough for $587 million. After the acquisition of Key Pharmaceuticals, Dr. Frost founded the IVAX Corporation in 1986 along with Dr. Jane H. Hsiao, the current CTO of Opko Health.
    IVAX specialized in generic drugs and played a significant international role in Latin America, Central and Eastern Europe. IVAX was acquired by Teva Pharmaceuticals (TEVA) in 2006. Dr. Frost became Vice Chairman of Teva after the acquisition of IVAX in 2006. In 2010, he was named Chairman of the Board of Teva and was reelected to the position in May 2012.

    You can view the list of recent insider transactions for IDI, Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: 18.75
    P/S: 5.1 Price/Book: 1.29 EV/EBITDA: -6.28
    Market Cap: $246.06M Avg. Daily Volume: 92,140 52 Week Range: $3.78 – $12.8

    2. The Medicines Company (MDCO): $33.96

    Director Fredric N. Eshelman acquired 300,000 shares of this pharmaceutical company, paying $33.68 per share for a total amount of $10.1 million.

    You can view the list of recent insider transactions for The Medicines Company here.

    P/E: N/A Forward P/E: N/A Industry P/E: 24.57
    P/S: 9.41 Price/Book: 3.63 EV/EBITDA: -8.67
    Market Cap: $2.36B Avg. Daily Volume: 815,760 52 Week Range: $25.38 – $43.79

    3. Pershing Gold Corporation (PGLC): $3.92

    Director Barry C. Honig acquired 1,287,369 shares of this gold mining company, paying $3.65 per share for a total amount of $4.69 million. These shares were purchased indirectly by GRQ Consultants, Inc.

    You can view the list of recent insider transactions for Pershing Gold Corporation here.

    P/E: N/A Forward P/E: 7.54 Industry P/E: N/A
    P/S: N/A Price/Book: 2.53 EV/EBITDA: -5.12
    Market Cap: $102.32M Avg. Daily Volume: 154,919 52 Week Range: $0.33 – $6.3

    4. Western Refining, Inc. (WNR): $21.72

    Shares of this oil and gas pipelines company were acquired by 2 insiders:

    • President & CEO Jeff A. Stevens acquired 150,000 shares, paying $22.02 per share for a total amount of $3.3 million. Mr. Stevens increased his stake by 4.54% to 3,452,609 shares with this purchase.
    • Director Robert J. Hassler acquired 20,000 shares, paying $22.10 per share for a total amount of $442,000.

    You can view the list of recent insider transactions for Western Refining, Inc. here.

    P/E: 6.18 Forward P/E: 9.78 Industry P/E: 11.88
    P/S: 0.22 Price/Book: 1.62 EV/EBITDA: 3.23
    Market Cap: $1.98B Avg. Daily Volume: 2,794,870 52 Week Range: $20.64 – $50.71

    5. Annaly Capital Management, Inc. (NLY): $11.05

    Chief Legal Officer Nicholas R. Singh acquired 135,600 shares of this mortgage REIT, paying $10.85 per share for a total amount of $1.47 million. Mr. Singh increased his stake by 45.02% to 436,800 shares with this purchase. 5,200 of these shares were purchased indirectly in a 401(k) Plan.

    You can view the list of recent insider transactions for Annaly Capital Management, Inc. here.

    P/E: 11 Forward P/E: 9.78 Industry P/E: 13.19
    P/S: 34.99 Price/Book: 0.96 EV/EBITDA: N/A
    Market Cap: $10.22B Avg. Daily Volume: 8,519,960 52 Week Range: $8.25 – $11.13

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. United Community Banks, Inc. (UCBI): $19.49

    Director Nicholas B. Paumgarten sold 7,300,047 shares of this regional bank for $19.66, generating $143.52 million from the sale. These shares were sold indirectly through Corsair Georgia, L.P.

    You can view the list of recent insider transactions for United Community Banks, Inc. here.

    P/E: 17.5 Forward P/E: 12.26 Industry P/E: 15.44
    P/S: 4.04 Price/Book: 1.36 EV/EBITDA: N/A
    Market Cap: $1.39B Avg. Daily Volume: 500,556 52 Week Range: $15.74 – $22.23

    2. FleetCor Technologies, Inc. (FLT): $145.38

    Shares of this payment products and services company were sold by 7 insiders:

    • CEO & President Ronald Clarke sold 290,000 shares for $150.42, generating $43.62 million from the sale.
    • Director Mark A. Johnson sold 20,000 shares for $151.80, generating $3.04 million from the sale.
    • Exec VP, Corp Development John Coughlin sold 13,220 shares for $152.20, generating $2.01 million from the sale.
    • Pres, Corp Lodging Consultants Timothy Downs sold 13,180 shares for $152.35, generating $2 million from the sale.
    • President NA Card Products Todd House sold 3,000 shares for $151.05, generating $453,164 from the sale.
    • Director Richard Macchia sold 1,200 shares for $151.19, generating $181,431 from the sale.
    • Global Chief Information Officer John A. Reed sold 620 shares for $151.98, generating $94,229 from the sale. 285 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 FleetCor Technologies, Inc. here.

    P/E: 36.16 Forward P/E: 19.15 Industry P/E: 21.44
    P/S: 8.21 Price/Book: 4.68 EV/EBITDA: 18.7
    Market Cap: $13.47B Avg. Daily Volume: 813,733 52 Week Range: $107.56 – $164.61

    3. Time Warner Inc. (TWX): $73.23

    Shares of this media and entertainment company were sold by 2 insiders:

    • Chairman of the Board and CEO Jeffrey L. Bewkes sold 272,710 shares for $74.26, generating $20.25 million from the sale.
    • Director Stephen F. Bollenbach sold 8,038 shares for $74.23, generating $596,669 from the sale. 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 Time Warner Inc. here.

    P/E: 14.69 Forward P/E: 12.1 Industry P/E: 25.7
    P/S: 2.04 Price/Book: 2.43 EV/EBITDA: 9.91
    Market Cap: $57.59B Avg. Daily Volume: 4,868,960 52 Week Range: $55.53 – $91.34

    4. PriceSmart Inc. (PSMT): $85.29

    Director Robert E. Price sold 220,844 shares of this discount warehouse grocer for $84.00, generating $18.55 million from the sale. These shares were sold indirectly through various trusts and entities.

    You can view the list of recent insider transactions for PriceSmart Inc. here.

    P/E: 27.73 Forward P/E: 24.44 Industry P/E: 26.65
    P/S: 0.89 Price/Book: 4.38 EV/EBITDA: 13.49
    Market Cap: $2.59B Avg. Daily Volume: 141,206 52 Week Range: $68.51 – $103.59

    5. Comcast Corporation (CMCSA): $61.84

    Shares of this entertainment and telecommunications provider were sold by 2 insiders:

    • Chairman of Board, Pres. & CEO Brian L. Roberts sold 200,000 shares for $62.65, generating $12.53 million from the sale.
    • Sr. EVP Stephen B. Burke sold 75,000 shares for $62.05, generating $4.65 million from the sale. 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 Comcast Corporation here.

    P/E: 18.75 Forward P/E: 15.82 Industry P/E: 25.7
    P/S: 2 Price/Book: 2.87 EV/EBITDA: 7.91
    Market Cap: $150.10B Avg. Daily Volume: 9,585,170 52 Week Range: $50 – $64.99

    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.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – May 6, 2016

    Welcome to edition 307 of Insider Weekends. Insider buying decreased last week with insiders buying $43.91 million of stock compared to $120.89 million in the week prior. Selling more than doubled with insiders selling $2.43 billion of stock last week compared to $596.16 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 55.46. In other words, insiders sold more than 55 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 4.93. 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.

    Insider Sell Buy Ratio May 6, 2016

    Insider Sell Buy Ratio May 6, 2016

    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. Cimpress N.V. (CMPR): $90.96

    Director Scott J. Vassalluzzo acquired 67,500 shares of this business services company (operator of Vistaprint), paying $89.05 per share for a total amount of $6.01 million. Mr. Vassalluzzo increased his stake by 5,003.71% to 68,849 shares with this purchase.

    You can view the list of recent insider transactions for Cimpress N.V. here.

    P/E: 41.8 Forward P/E: 18.99 Industry P/E: 19.85
    P/S: 1.76 Price/Book: 17.81 EV/EBITDA: 16.59
    Market Cap: $2.86B Avg. Daily Volume: 245,238 52 Week Range: $63.15 – $99.95

    2. Bank of the Ozarks, Inc. (OZRK): $37.23

    Shares of this regional bank were acquired by 2 insiders:

    • Director Ross M. Whipple acquired 120,000 shares, paying $37.78 per share for a total amount of $4.53 million. 100,000 of these shares were purchased indirectly by LLLP.
    • Director Nicholas A. Brown acquired 2,900 shares, paying $36.86 per share for a total amount of $106,887. Mr. Brown increased his stake by 55.89% to 8,089 shares with this purchase.

    You can view the list of recent insider transactions for Bank of the Ozarks, Inc. here.

    P/E: 17.81 Forward P/E: 11.86 Industry P/E: 16.09
    P/S: 7.21 Price/Book: 2.29 EV/EBITDA: N/A
    Market Cap: $3.38B Avg. Daily Volume: 1,533,540 52 Week Range: $33.66 – $54.96

    3. Seagate Technology Public Limited Company (STX): $19.07

    Chairman and CEO Stephen J. Luczo acquired 200,000 shares of this data storage company, paying $20.08 per share for a total amount of $4.02 million. These shares were purchased indirectly through a trust.

    This large insider purchase by the CEO did little to inspire investor confidence as the stock dropped another 9.5% last week (adjusted for the juicy 63 cents per share dividend paid on May 6th) following a big plunge in April. The stock has lost nearly half its value since the start of this year, plunging beyond competitor Western Digital’s (WDC) 38% drop as you can see from the chart below.

    Seagate Western Digital YTD Performance

    Seagate Western Digital YTD Performance (click to enlarge)

    Western Digital is in the midst of a large merger with SanDisk (SNDK) as it attempts to diversify away from hard disk drives. Concerns about a big shift from hard drives to solid state storage or flash drives has plagued both Seagate and Western Digital for over a decade and both stocks appear to be perpetually cheap. Those concerns remained unfounded for a long time because of the huge cost difference between hard disk drives and solid state drives (SSD). Investors in both Western Digital and Seagate did well through the end of 2014. Things have started changing recently as SSD adoption has grown (I am typing this on a computer with a SSD) and costs have come down for SSDs without reaching full parity with hard drives.

    As a little experiment I decided to configure some high end servers on Dell, checked out dedicated server hosting through Rackspace (RAX) and looked at data storage product offerings from EMC. The Dell severs continue to offer hard drives along with hybrid systems that employ both hard drives and SSDs. The Rackspace servers I checked out offered hard drives as well while EMC prominently featured SSD based storage systems.

    Given the small sample size and quick checks, this can be considered as no more than anecdotal evidence but it was interesting to see that enterprise systems continue to use both hard drives and SSDs. Whether Seagate and Western Digital manage to make this transition from hard drives to SSDs remains to be seen and that is why the stocks continue to remain cheap.

    You can view the list of recent insider transactions for Seagate Technology Public Limited Company here.

    P/E: 9.61 Forward P/E: 9.78 Industry P/E: N/A
    P/S: 0.49 Price/Book: 3.26 EV/EBITDA: 4.75
    Market Cap: $5.69B Avg. Daily Volume: 7,063,260 52 Week Range: $18.81 – $57.88

    4. NuStar Energy L.P. (NS): $47.07

    Director William E. Greehey acquired 50,000 shares of this oil & gas pipeline company, paying $49.21 per share for a total amount of $2.46 million. Mr. Greehey increased his stake by 1.70% to 2,989,990 shares with this purchase.

    You can view the list of recent insider transactions for NuStar Energy L.P. here.

    P/E: 14.25 Forward P/E: 19.29 Industry P/E: 22.34
    P/S: 1.83 Price/Book: 2.42 EV/EBITDA: 11.17
    Market Cap: $3.67B Avg. Daily Volume: 530,254 52 Week Range: $25.65 – $65.52

    5. NuStar GP Holdings, LLC (NSH): $24.26

    Director William E. Greehey acquired 84,243 shares of this oil & gas pipeline company, paying $25.19 per share for a total amount of $2.12 million. These shares were purchased indirectly.

    You can view the list of recent insider transactions for NuStar GP Holdings, LLC here.

    P/E: 14.41 Forward P/E: 14.79 Industry P/E: 22.34
    P/S: 13.45 Price/Book: 3.61 EV/EBITDA: N/A
    Market Cap: $1.04B Avg. Daily Volume: 150,721 52 Week Range: $12.86 – $39.94

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Amazon.com, Inc. (AMZN): $673.95

    Shares of Amazon were sold by 2 insiders:

    • Chairman, CEO and President Jeffrey P. Bezos sold 1,000,000 shares for $671.29, generating $671.29 million from the sale.
    • Senior Vice President David Zapolsky sold 1,110 shares for $677.36, generating $751,870 from the sale.

    You can view the list of recent insider transactions for Amazon.com, Inc. here.

    P/E: 539.16 Forward P/E: 69.27 Industry P/E: 52.55
    P/S: 2.9 Price/Book: 23.19 EV/EBITDA: 39.99
    Market Cap: $317.99B Avg. Daily Volume: 4,496,860 52 Week Range: $418.36 – $696.44

    2. Facebook, Inc. (FB): $119.49

    Shares of Facebook were sold by 4 insiders:

    • Director Jan Koum sold 2,295,248 shares for $118.02, generating $270.89 million from the sale. These shares were sold indirectly through a trust.
    • Director Peter Thiel sold 857,626 shares for $117.84, generating $101.06 million from the sale. These shares were sold indirectly by Rivendell One LLC.
    • Chief Technology Officer Michael Todd Schroepfer sold 20,000 shares for $117.82, generating $2.36 million from the sale.
    • Chief Financial Officer David M. Wehner sold 7,973 shares for $119.90, generating $955,963 from the sale.

    You can view the list of recent insider transactions for Facebook, Inc. here.

    P/E: 92.41 Forward P/E: 26.09 Industry P/E: 31.71
    P/S: 18.7 Price/Book: 7.55 EV/EBITDA: 39.08
    Market Cap: $341.78B Avg. Daily Volume: 31,467,900 52 Week Range: $72 – $120.79

    3. Microsoft Corporation (MSFT): $50.39

    Shares of Microsoft were sold by 2 insiders:

    • Founder Bill Gates sold 5,300,000 shares for $50.04, generating $265.22 million from the sale.
    • EVP, Human Resources Kathleen T. Hogan sold 17,500 shares for $50.04, generating $875,768 from the sale.

    You can view the list of recent insider transactions for Microsoft Corporation here.

    P/E: 35.66 Forward P/E: 17.38 Industry P/E: 26.93
    P/S: 4.48 Price/Book: 5.15 EV/EBITDA: 11.2
    Market Cap: $396.09B Avg. Daily Volume: 32,091,600 52 Week Range: $39.72 – $56.85

    4. Cliffs Natural Resources Inc. (CLF): $3.51

    Director Douglas C. Taylor sold 7,231,520 shares of this coal and iron ore mining company for $3.81, generating $27.56 million from the sale.

    You can view the list of recent insider transactions for Cliffs Natural Resources Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: 12.5
    P/S: 0.28 Price/Book: N/A EV/EBITDA: 10.23
    Market Cap: $638.55M Avg. Daily Volume: 8,688,030 52 Week Range: $1.2 – $6.39

    5. The Estée Lauder Companies Inc. (EL): $93.99

    Group President John Demsey sold 138,839 shares of this personal products company for $92.40, generating $12.83 million from the sale. 76,296 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 The Estée Lauder Companies Inc. here.

    P/E: 30.32 Forward P/E: 26.25 Industry P/E: 25.13
    P/S: 3.11 Price/Book: 9.56 EV/EBITDA: 16.54
    Market Cap: $34.64B Avg. Daily Volume: 1,410,380 52 Week Range: $73.67 – $97.48

    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.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – April 29, 2016

    Welcome to edition 306 of Insider Weekends. Insider buying increased significantly last week with insiders buying $120.89 million of stock compared to $8.03 million in the week prior. Selling was flat with insiders selling $596.16 million of stock last week compared to $596.17 million in the week prior.

    Over 85% of the insider buying this week was driven by a cluster of insider purchases in United Continental Holdings (UAL) as discussed below.

    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 dropped to 4.93. In other words, insiders sold almost 5 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 74.28. 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.

    Insider Sell Buy Ratio April 29, 2016

    Insider Sell Buy Ratio April 29, 2016

    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. United Continental Holdings, Inc. (UAL): $45.81

    Shares of this airline were acquired by 12 insiders:

    • Director Edward Shapiro acquired 1,905,000 shares, paying $52.10 per share for a total amount of $99.25 million. These shares were purchased indirectly by PAR Investment Partners.
    • Director Barney Harford acquired 60,000 shares, paying $49.06 per share for a total amount of $2.94 million.
    • Director James M. Whitehurst acquired 10,000 shares, paying $49.23 per share for a total amount of $492,255.
    • EVP and General Counsel Brett J. Hart acquired 5,000 shares, paying $49.09 per share for a total amount of $245,440. Mr. Hart increased his stake by 9.16% to 59,579 shares with this purchase.
    • SVP- Finance & Acting CFO Gerald Laderman acquired 5,000 shares, paying $48.78 per share for a total amount of $243,905. Mr. Laderman increased his stake by 13.98% to 40,774 shares with this purchase.
    • EVP & COO Gregory L. Hart acquired 2,000 shares, paying $49.90 per share for a total amount of $99,795. Mr. Hart increased his stake by 5.80% to 36,466 shares with this purchase.
    • EVP HR and Labor Relations Michael P. Bonds acquired 2,000 shares, paying $48.38 per share for a total amount of $96,766. Mr. Bonds increased his stake by 3.93% to 52,865 shares with this purchase.
    • Director James A. Kennedy acquired 2,000 shares, paying $49.90 per share for a total amount of $99,800. Mr. Kennedy increased his stake by 222.22% to 2,900 shares with this purchase.
    • Director Robert A. Milton acquired 1,000 shares, paying $49.14 per share for a total amount of $49,140.

    These purchases follow the $1 million purchase by the CEO Oscar Munoz that we reported on last week. Mr. Munoz is back from a medical leave as a result of a heart attack less than two months after he took the CEO job last year. It appears that he is well liked within the company as seen by the picketing by 30 pilots in front of the offices of the investment manager PAR Capital Management to support their CEO and his vision to turn around the company.

    United Continental is certainly in need of significant turning around as discussed in the Bloomberg Businessweek article United’s Quest To Be Less Awful. While the stock is up over 78% over the last five years, it significantly trails its peers as seen in the chart below. Over the last year, the stock is down 25% even as the favorable tail winds of low oil prices, a growing economy and additional revenue from fees have helped the entire airline industry enjoy a new golden age. The stock is cheap but unloved. So are many other old guard companies like General Motors (GM) and IBM that offer respectable dividends while their investors wait to see if they turn around.

    United Continental's 5 Year Stock Chart

    United Continental's 5 Year Stock Chart (click to enlarge)

    You can view the list of recent insider transactions for United Continental Holdings, Inc. here.

    P/E: 2.35 Forward P/E: 5.35 Industry P/E: 8.41
    P/S: 0.46 Price/Book: 1.95 EV/EBITDA: 3.19
    Market Cap: $15.43B Avg. Daily Volume: 5,601,730 52 Week Range: $42.17 – $63.9

    2. Caterpillar Inc. (CAT): $77.72

    Director David L. Calhoun acquired 25,000 shares of this heavy equipment manufacturer, paying $77.44 per share for a total amount of $1.94 million. Mr. Calhoun increased his stake by 307.54% to 33,129 shares with this purchase.

    You can view the list of recent insider transactions for Caterpillar Inc. here.

    P/E: 22.21 Forward P/E: 21.83 Industry P/E: 22.48
    P/S: 0.96 Price/Book: 3.06 EV/EBITDA: 10.74
    Market Cap: $45.38B Avg. Daily Volume: 6,251,860 52 Week Range: $56.36 – $89.62

    3. Mylan N.V. (MYL): $41.71

    Director Melina E. Higgins acquired 35,000 shares of this pharmaceutical company, paying $42.92 per share for a total amount of $1.5 million. These shares were purchased indirectly by Ms. Higgins’s husband.

    You can view the list of recent insider transactions for Mylan N.V. here.

    P/E: 24.54 Forward P/E: 7.15 Industry P/E: 25.34
    P/S: 2.22 Price/Book: 2.14 EV/EBITDA: 9.36
    Market Cap: $20.47B Avg. Daily Volume: 5,937,620 52 Week Range: $37.59 – $74.66

    4. Performance Sports Group Ltd. (PSG): $3.71

    Shares of this sports equipment company were acquired by 2 insiders:

    • Director Daniel M. Friedberg acquired 171,311 shares, paying $3.71 per share for a total amount of $635,102. These shares were purchased indirectly through Sagard Capital Partners, L.P.
    • Executive Vice President / CFO Mark J. Vendetti acquired 20,000 shares, paying $3.60 per share for a total amount of $72,034.

    You can view the list of recent insider transactions for Performance Sports Group Ltd. here.

    P/E: N/A Forward P/E: 11.97 Industry P/E: N/A
    P/S: 0.26 Price/Book: 0.54 EV/EBITDA: 11.24
    Market Cap: $169.05M Avg. Daily Volume: 1,407,350 52 Week Range: $2.8 – $21.72

    5. Acacia Research Corporation (ACTG): $4.82

    Shares of this patent portfolio company were acquired by 3 insiders:

    • Chief Executive Officer Marvin E. Key acquired 55,000 shares, paying $4.15 per share for a total amount of $228,058. Mr. Key increased his stake by 40.49% to 190,833 shares with this purchase.
    • Director Frank E. Walsh III acquired 35,000 shares, paying $4.13 per share for a total amount of $144,550.
    • Director G. Louis Graziadio acquired 10,000 shares, paying $4.44 per share for a total amount of $44,371. Mr. Graziadio increased his stake by 5.88% to 179,931 shares with this purchase.

    You can view the list of recent insider transactions for Acacia Research Corporation here.

    P/E: N/A Forward P/E: 8.31 Industry P/E: 19.85
    P/S: 1.83 Price/Book: 0.73 EV/EBITDA: 16.88
    Market Cap: $243.21M Avg. Daily Volume: 783,257 52 Week Range: $2.82 – $10.86

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Fortune Brands Home & Security, Inc. (FBHS): $55.41

    Shares of this home and security products company were sold by 2 insiders:

    • Chief Executive Officer Christopher J. Klein sold 390,000 shares for $57.22, generating $22.32 million from the sale. 230,000 of these shares were sold as a result of exercising options immediately prior to the sale.
    • President MasterBrand Cabinets David Randich sold 29,591 shares for $57.17, generating $1.69 million from the sale.

    You can view the list of recent insider transactions for Fortune Brands Home & Security, Inc. here.

    P/E: 28.64 Forward P/E: 18.35 Industry P/E: 16.08
    P/S: 1.94 Price/Book: 3.67 EV/EBITDA: 15.09
    Market Cap: $8.45B Avg. Daily Volume: 1,514,980 52 Week Range: $41.17 – $59.98

    2. Lockheed Martin Corporation (LMT): $232.38

    Shares of this defense company were sold by 2 insiders:

    • Chairman, Pres. & CEO Marillyn A. Hewson sold 25,000 shares for $233.16, generating $5.83 million from the sale.
    • SVP & General Counsel Maryanne Lavan sold 21,720 shares for $233.19, generating $5.06 million from the sale. 14,720 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 Lockheed Martin Corporation here.

    P/E: 20.28 Forward P/E: 16.88 Industry P/E: 19.68
    P/S: 1.53 Price/Book: 22.77 EV/EBITDA: 13.46
    Market Cap: $70.41B Avg. Daily Volume: 1,279,250 52 Week Range: $181.91 – $234.59

    3. QVC Group (QVCA): $26.2

    Director Mark C. Vadon sold 366,000 shares of this online commerce company for $26.73, generating $9.78 million from the sale. These shares were sold indirectly by Lake Tana LLC.

    You can view the list of recent insider transactions for QVC Group here.

    P/E: 13.88 Forward P/E: 16.38 Industry P/E: 52.55
    P/S: N/A Price/Book: 1.8 EV/EBITDA: N/A
    Market Cap: $12.25B Avg. Daily Volume: 2,163,030 52 Week Range: $22.51 – $31.62

    4. Wells Fargo & Company (WFC): $49.98

    Shares of this bank were sold by 3 insiders:

    • Senior Exec. Vice President David M. Carroll sold 62,300 shares for $50.28, generating $3.13 million from the sale. These shares were sold indirectly through a trust.
    • Sr. Executive Vice President Avid Modjtabai sold 55,000 shares for $50.77, generating $2.79 million from the sale. These shares were sold indirectly through a trust.
    • Sr. Executive Vice President James M. Strother sold 40,000 shares for $50.77, generating $2.03 million from the sale.

    You can view the list of recent insider transactions for Wells Fargo & Company here.

    P/E: 12.13 Forward P/E: 11.33 Industry P/E: 11.25
    P/S: 3.06 Price/Book: 1.49 EV/EBITDA: N/A
    Market Cap: $252.76B Avg. Daily Volume: 19,860,300 52 Week Range: $44.5 – $58.77

    5. Philip Morris International, Inc. (PM): $98.12

    Shares of this cigarettes company were sold by 2 insiders:

    • Director Louis C. Camilleri sold 33,340 shares for $96.95, generating $3.23 million from the sale.
    • Sr. VP & General Counsel Marc S. Firestone sold 18,000 shares for $97.06, generating $1.75 million from the sale.

    You can view the list of recent insider transactions for Philip Morris International, Inc. here.

    P/E: 22.2 Forward P/E: 20.19 Industry P/E: 22.01
    P/S: 5.63 Price/Book: N/A EV/EBITDA: 15.37
    Market Cap: $152.21B Avg. Daily Volume: 4,703,400 52 Week Range: $76.54 – $102

    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.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – April 22, 2016

    Welcome to edition 305 of Insider Weekends. Insider buying decreased last week with insiders buying $8.03 million of stock compared to $8.36 million in the week prior. Selling increased with insiders selling $596.17 million of stock last week compared to $362.04 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 74.28. In other words, insiders sold more than 74 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 43.36. 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.

    With both the S&P 500 and the Dow within a stone’s throw of their all-time highs, this big jump in the insider sell/buy ratio could have been a concern if we were not in the thick of the first quarter earnings season. If the ratio remains elevated or insider buying remains muted as we exit the earnings season then the old adage “Sell in May and go away” might be relevant this year. Looking back over the last five years, that rule of thumb worked very well in 2011 and 2015 but not so much from 2012 through 2014, showing how timing the market over the short-term or long-term remains challenging if not nearly impossible.

    Insider Sell Buy Ratio April 22, 2016

    Insider Sell Buy Ratio April 22, 2016

    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. United Continental Holdings, Inc. (UAL): $50.74

    President and CEO Oscar Munoz acquired 19,800 shares of this airline, paying $50.53 per share for a total amount of $1 million. Mr. Munoz increased his stake by 13.76% to 163,675 shares with this purchase.

    You can view the list of recent insider transactions for United Continental Holdings, Inc. here.

    P/E: 2.61 Forward P/E: 5.89 Industry P/E: 8.76
    P/S: 0.5 Price/Book: 2.15 EV/EBITDA: 3.44
    Market Cap: $18.24B Avg. Daily Volume: 5,609,960 52 Week Range: $42.17 – $63.9

    2. Akamai Technologies, Inc. (AKAM): $51.13

    Chief Executive Officer F. Thomson Leighton acquired 19,546 shares of this content delivery and cloud infrastructure company, paying $51.15 per share for a total amount of $999,778. These shares were purchased indirectly through a trust.

    You can view the list of recent insider transactions for Akamai Technologies, Inc. here.

    P/E: 28.72 Forward P/E: 16.55 Industry P/E: 31.49
    P/S: 4.14 Price/Book: 2.91 EV/EBITDA: 11.85
    Market Cap: $9.03B Avg. Daily Volume: 2,702,700 52 Week Range: $39.43 – $78.44

    3. Inovio Pharmaceuticals, Inc. (INO): $10.33

    Director Morton Collins acquired 68,400 shares of this biotech company, paying $9.52 per share for a total amount of $650,925. These shares were purchased indirectly through trusts and IRA accounts.

    You can view the list of recent insider transactions for Inovio Pharmaceuticals, Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: 26.67
    P/S: 19.83 Price/Book: 3.81 EV/EBITDA: -19.2
    Market Cap: $746.07M Avg. Daily Volume: 2,161,850 52 Week Range: $4.5 – $10.57

    4. Ryman Hospitality Properties, Inc. (RHP): $50.34

    Chairman & CEO Colin V. Reed acquired 7,400 shares of this hotel operator, paying $52.53 per share for a total amount of $388,694. Mr. Reed increased his stake by 0.73% to 1,015,484 shares with this purchase.

    You can view the list of recent insider transactions for Ryman Hospitality Properties, Inc. here.

    P/E: 23.31 Forward P/E: 13.46 Industry P/E: 21.43
    P/S: 2.39 Price/Book: 6.89 EV/EBITDA: 13.4
    Market Cap: $2.54B Avg. Daily Volume: 277,486 52 Week Range: $41.5 – $61.02

    5. Monsanto Company (MON): $94.08

    Director Charles S. McMillan acquired 3,500 shares of this agricultural products company, paying $87.25 per share for a total amount of $305,375. Mr. McMillan increased his stake by 6.37% to 58,440 shares with this purchase.

    You can view the list of recent insider transactions for Monsanto Company here.

    P/E: 24.47 Forward P/E: 17.17 Industry P/E: 14.95
    P/S: 2.89 Price/Book: 11.64 EV/EBITDA: 11.21
    Market Cap: $41.10B Avg. Daily Volume: 3,311,800 52 Week Range: $81.22 – $123.82

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. The Charles Schwab Corporation (SCHW): $29.72

    Chairman Charles R. Schwab sold 560,000 shares of this investment brokerage for $29.02, generating $16.25 million from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for The Charles Schwab Corporation here.

    P/E: 28.85 Forward P/E: 19.3 Industry P/E: 16.16
    P/S: 6.1 Price/Book: 3.22 EV/EBITDA: N/A
    Market Cap: $39.27B Avg. Daily Volume: 10,509,100 52 Week Range: $21.51 – $35.72

    2. QVC Group (QVCA): $26.64

    Director Mark C. Vadon sold 279,000 shares of this online commerce company for $26.37, generating $7.36 million from the sale. These shares were sold indirectly by Lake Tana LLC.

    You can view the list of recent insider transactions for QVC Group here.

    P/E: 14.11 Forward P/E: 16.65 Industry P/E: 36.03
    P/S: N/A Price/Book: 1.81 EV/EBITDA: N/A
    Market Cap: $12.46B Avg. Daily Volume: 2,227,240 52 Week Range: $22.51 – $31.62

    3. Intel Corporation (INTC): $31.64

    Chairman Andy D. Bryant sold 185,740 shares of this semiconductor company for $31.98, generating $5.94 million from the sale.

    You can view the list of recent insider transactions for Intel Corporation here.

    P/E: 13.58 Forward P/E: 12.03 Industry P/E: 21.59
    P/S: 2.73 Price/Book: 2.47 EV/EBITDA: 6.35
    Market Cap: $149.26B Avg. Daily Volume: 24,287,200 52 Week Range: $24.87 – $35.59

    4. salesforce.com, inc. (CRM): $76.48

    Shares of this software-as-a-service (SaaS) provider were sold by 6 insiders:

    • Chairman of the Board & CEO Marc Benioff sold 62,500 shares for $76.35, generating $4.77 million from the sale.
    • EVP, General Counsel Amy E. Weaver sold 7,062 shares for $76.62, generating $541,082 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Co-Founder Parker Harris sold 5,000 shares for $76.30, generating $381,498 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Pres, Applications & Platform Alexandre Dayon sold 1,038 shares for $76.66, generating $79,573 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Director Craig Conway sold 400 shares for $76.28, generating $30,512 from the sale.
    • Director John Victor Roos sold 180 shares for $77.53, generating $13,955 from the sale.

    You can view the list of recent insider transactions for salesforce.com, inc. here.

    P/E: N/A Forward P/E: 58.83 Industry P/E: 34.07
    P/S: 7.74 Price/Book: 10.32 EV/EBITDA: 85.89
    Market Cap: $51.89B Avg. Daily Volume: 5,487,330 52 Week Range: $52.6 – $82.9

    5. Capella Education Co. (CPLA): $52.48

    Director Stephen G. Shank sold 108,907 shares of this Education & Training Services company for $50.70, generating $5.52 million from the sale. These shares were sold indirectly through trusts.

    You can view the list of recent insider transactions for Capella Education Co. here.

    P/E: 16.05 Forward P/E: 13.88 Industry P/E: 29.18
    P/S: 1.41 Price/Book: 3.09 EV/EBITDA: 6.77
    Market Cap: $615.56M Avg. Daily Volume: 103,170 52 Week Range: $39.06 – $67.56

    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.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria