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Insider Buying

    Insider Weekends – November 14, 2014

    Welcome to edition 230 of Insider Weekends. Insider buying decreased last week with insiders buying $73.83 million of stock compared to $90.85 million in the week prior. Selling also decreased with insiders selling $1.67 billion of stock last week compared to $2.18 billion in the week prior.

    While the total amount of insider buying was lower, there were several interesting purchases this week that did not make it into the top 5 purchases. Some of these purchases include a cluster purchase by three insiders of TrueCar (TRUE), a large 25,000 share purchase by the CEO of internet radio service Pandora (P),  additional purchases by two directors of Tile Shop Holdings (TTS), a cluster purchase by three insiders of educational toy company LeapFrog (LF) that included purchases by both the CEO and the CFO, a cluster purchase by eight insiders of healthcare technology company Allscripts (MDRX), a cluster purchase by three insiders of regional bank holding company First Niagara (FNFG) and a purchase by two insiders of newspaper company Tribune Publishing (TPUB) that included a purchase by the CFO.

    The Pandora purchase triggered a 16.59% rally in the stock on Friday. I have owned LeapFrog since earlier this year and First Niagara for several years.

    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 slightly to 22.67. In other words, insiders sold  almost 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 23.95. 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 November 14, 2014

    Insider Sell Buy Ratio November 14, 2014

    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. Chesapeake Energy Corporation (CHK): $23.21

    Director Archie W. Dunham acquired 500,000 shares of this oil and natural gas producer, paying $23.32 per share for a total amount of $11.66 million. Mr. Dunham increased his stake by 44.17% to 1,632,107 shares with this purchase.

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

    P/E: 28.65 Forward P/E: 13.73 Industry P/E: 17.21
    P/S: 0.73 Price/Book: 1.12 EV/EBITDA: 4.71
    Market Cap: $15.15B Avg. Daily Volume: 10,911,100 52 Week Range: $16.69 – $29.92

    2. New Mountain Finance Corporation (NMFC): $14.94

    Shares of this business development company were acquired by 2 insiders:

    • Director Steven B. Klinsky acquired 134,788 shares, paying $14.82 per share for a total amount of $1.99 million. Mr. Klinsky increased his stake by 5.89% to 2,424,992 shares with this purchase.
    • EVP, CAO and Director Adam Weinstein acquired 5,000 shares, paying $14.69 per share for a total amount of $73,447. Mr. Weinstein increased his stake by 16.13% to 35,996 shares with this purchase.

    You can view the list of recent insider transactions for New Mountain Finance Corporation here.

    P/E: N/A Forward P/E: N/A Industry P/E: 14.99
    P/S: N/A Price/Book: N/A EV/EBITDA: N/A
    Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $13.86 – $15.5

    3. United States Steel Corp. (X): $36.24

    Shares of this steel company were acquired by 2 insiders:

    • President & CEO Mario Longhi Filho acquired 28,362 shares, paying $35.24 per share for a total amount of $999,463. Mr. Filho increased his stake by 17.43% to 191,106 shares with this purchase.
    • Exec. VP and CFO David B. Burritt acquired 26,489 shares, paying $37.56 per share for a total amount of $994,904. Mr. Burritt increased his stake by 24.34% to 135,323 shares with this purchase.

    You can view the list of recent insider transactions for United States Steel Corp. here.

    P/E: 54.17 Forward P/E: 9.98 Industry P/E: 14.76
    P/S: 0.29 Price/Book: 1.3 EV/EBITDA: 6.06
    Market Cap: $5.27B Avg. Daily Volume: 8,349,910 52 Week Range: $22.47 – $46.55

    4. Memorial Production Partners LP (MEMP): $16.37

    Shares of this oil and natural gas company were acquired by 4 insiders:

    • CEO and Chairman John A. Weinzierl acquired 60,000 shares, paying $16.72 per share for a total amount of $1 million. Mr. Weinzierl increased his stake by 12.37% to 545,093 shares with this purchase.
    • Director Robert A. Innamorati acquired 9,400 shares, paying $17.26 per share for a total amount of $162,244. Mr. Innamorati increased his stake by 16.37% to 66,811 shares with this purchase.
    • SVP, General Counsel & Corp. Secretary Kyle N. Roane acquired 3,100 shares, paying $15.78 per share for a total amount of $48,918. Mr. Roane increased his stake by 3.70% to 86,918 shares with this purchase.
    • President William J. Scarff acquired 3,000 shares, paying $16.34 per share for a total amount of $49,020. Mr. Scarff increased his stake by 3.19% to 96,943 shares with this purchase.

    You can view the list of recent insider transactions for Memorial Production Partners LP here.

    P/E: N/A Forward P/E: 10.7 Industry P/E: 17.21
    P/S: 2.87 Price/Book: 1.37 EV/EBITDA: 11.3
    Market Cap: $1.42B Avg. Daily Volume: 1,199,330 52 Week Range: $15.25 – $24.75

    5. Prospect Capital Corporation (PSEC): $9.69

    Shares of this business development company were acquired by 3 insiders:

    • Chief Executive Officer John F. Barry acquired 110,000 shares, paying $9.57 per share for a total amount of $1.05 million. Mr. Barry increased his stake by 2.49% to 4,535,544 shares with this purchase.
    • Chief Operating Officer M. Grier Eliasek acquired 5,000 shares, paying $9.56 per share for a total amount of $47,788. Mr. Eliasek increased his stake by 2.60% to 197,196 shares with this purchase.
    • Director Eugene S. Stark acquired 1,512 shares, paying $9.40 per share for a total amount of $14,213. Mr. Stark increased his stake by 7.76% to 21,000 shares with this purchase.

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

    P/E: N/A Forward P/E: N/A Industry P/E: 14.99
    P/S: N/A Price/Book: N/A EV/EBITDA: N/A
    Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $8.5 – $11.51

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

    Notable Insider Sales:

    1. Receptos, Inc. (RCPT): $106.55

    Shares of this biotech company were sold by 2 insiders:

    • President & CEO Faheem Hasnain sold 200,000 shares for $109.47, generating $21.89 million from the sale.
    • Chief Technology Officer Marcus F. Boehm sold 40,454 shares for $109.91, generating $4.45 million from the sale.

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

    P/E: N/A Forward P/E: N/A Industry P/E: 27.26
    P/S: 459.21 Price/Book: 10.67 EV/EBITDA: -29.58
    Market Cap: $2.91B Avg. Daily Volume: 593,517 52 Week Range: $21.75 – $112.7

    2. Regeneron Pharmaceuticals, Inc. (REGN): $395.2

    Shares of this biotech company were sold by 2 insiders:

    • President & CEO Leonard S. Schleifer sold 45,817 shares for $400.30, generating $18.34 million from the sale.
    • SVP & General Mgr Industrial Daniel P. Van Plew sold 8,575 shares for $399.34, generating $3.42 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 Regeneron Pharmaceuticals, Inc. here.

    P/E: 135.11 Forward P/E: 33.58 Industry P/E: 27.26
    P/S: 15.44 Price/Book: 15.9 EV/EBITDA: 46.14
    Market Cap: $39.83B Avg. Daily Volume: 793,691 52 Week Range: $257.69 – $410.18

    3. The Charles Schwab Corporation (SCHW): $28.87

    Chairman Charles R. Schwab sold 500,000 shares of this investment brokerage for $28.90, generating $14.45 million from the sale. These shares were sold indirectly by a Limited Partnership.

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

    P/E: 30.91 Forward P/E: 25.32 Industry P/E: 19.09
    P/S: 6.36 Price/Book: 3.64 EV/EBITDA: N/A
    Market Cap: $37.63B Avg. Daily Volume: 7,259,140 52 Week Range: $23.35 – $31

    4. ServiceNow, Inc. (NOW): $67.51

    Shares of this software-as-a-service provider were sold by 3 insiders:

    • Chief Product Officer Frederic B. Luddy sold 151,400 shares for $67.77, generating $10.26 million from the sale. 50,000 of these shares were sold indirectly by Frederic B. Luddy CRT, LLC and 1,400 shares were sold indirectly by Mr. Luddy’s spouse.
    • Chief Revenue Officer David Schneider sold 31,000 shares for $68.37, generating $2.12 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Director Ronald E. Codd sold 15,000 shares for $68.07, generating $1.02 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 ServiceNow, Inc. here.

    P/E: N/A Forward P/E: 337.55 Industry P/E: 17.21
    P/S: 16.29 Price/Book: 23.66 EV/EBITDA: -99.35
    Market Cap: $10.01B Avg. Daily Volume: 1,321,900 52 Week Range: $44.17 – $71.8

    5. Hasbro Inc. (HAS): $54.02

    Director Alan G. Hassenfeld sold 222,347 shares of this toy company for $58.05, generating $12.91 million from the sale. These shares were sold indirectly through a trust.

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

    P/E: 18.89 Forward P/E: 15.13 Industry P/E: 19.22
    P/S: 1.62 Price/Book: 4.63 EV/EBITDA: 9.79
    Market Cap: $6.79B Avg. Daily Volume: 1,113,000 52 Week Range: $47.48 – $58.41

    You can view the full list of sales from this Insider Sales page.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria

    Insider Weekends – November 7, 2014

    Welcome to edition 229 of Insider Weekends. Insider buying increased last week with insiders buying $90.85 million of stock compared to $63.4 million in the week prior. Selling also increased significantly with insiders selling $2.18 billion of stock last week compared to $1.51 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 edged up a little to 23.95. In other words, insiders sold  almost 24 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 23.88. 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 November 7, 2014

    Insider Sell Buy Ratio November 7, 2014

    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. Southern Copper Corp. (SCCO): $30.2

    Chairman of the Board German Larrea Mota-Velasco acquired 500,000 shares of this copper mining company, paying $28.87 per share for a total amount of $14.44 million. Mr. Velasco increased his stake by 31.86% to 2,069,367 shares with this purchase.

    This is the fifth week we are reporting large purchases of Southern Copper by Mr. Mota-Velasco and these were his largest purchases yet. We wrote the following about the company after his last set of purchases 7 weeks ago,

    As the name implies, Southern Copper generates a majority (75%) of its revenue from copper, 12% from molybdenum and nearly 5% from silver. While the company appears to be well run, the headwinds they have faced include low copper prices, high stockpiles of copper and low silver prices.

    While the company expects copper supply to drop and sees signs of stockpiles depleting, it remains to be seen if global demand and hence prices will pick up. Southern Copper is spending aggressively (CapEx is well over net income) and expects their copper production capacity to increase 87% by 2015 when compared to 2013 levels. They obviously see a brighter future than is evident right now.

    One bright spot for the company right now is molybdenum, where they saw a 30% increase in production last quarter. Molybdenum prices are also up sharply this year despite some weakness in the summer.

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

    P/E: 18.09 Forward P/E: 15.65 Industry P/E: 17.38
    P/S: 4.05 Price/Book: 4.06 EV/EBITDA: 9.87
    Market Cap: $24.71B Avg. Daily Volume: 1,975,620 52 Week Range: $24.5 – $33.9

    2. Huntsman Corporation (HUN): $24.69

    Director Nolan D. Archibald acquired 450,000 shares of this chemicals producer, paying $23.99 per share for a total amount of $10.79 million. Mr. Archibald increased his stake by 890.68% to 500,523 shares with this purchase.

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

    P/E: 15.05 Forward P/E: 9.01 Industry P/E: 17.84
    P/S: 0.54 Price/Book: 2.71 EV/EBITDA: 7.57
    Market Cap: $6.03B Avg. Daily Volume: 3,579,600 52 Week Range: $20.36 – $29.33

    3. NuStar Energy L.P. (NS): $60.2

    Director William E. Greehey acquired 100,000 shares of this oil & gas pipeline company, paying $62.06 per share for a total amount of $6.21 million. Mr. Greehey increased his stake by 4.05% to 2,569,613 shares with this purchase.

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

    P/E: N/A Forward P/E: 23.89 Industry P/E: 32.74
    P/S: 1.47 Price/Book: 2.65 EV/EBITDA: 13.83
    Market Cap: $4.69B Avg. Daily Volume: 463,722 52 Week Range: $43.8 – $68.33

    4. Crown Castle International Corp. (CCI): $79.8

    Director J. Landis Martin acquired 60,000 shares of this wireless communications tower company, paying $79.47 per share for a total amount of $4.77 million. Mr. Martin increased his stake by 1078.75% to 65,562 shares with this purchase.

    Crown Castle has been on a radar for several years on account of consistent sales by company insiders. It is interesting this purchase by Mr. Martin, who has been the Chairman of the Board since 1999 and has been on the board of directors since 1995. His last insider transaction was a sale of 103,000 shares at an average price of $52.32 back in March 2012.

    You can view the list of recent insider transactions for Crown Castle International Corp. here.

    P/E: 206.2 Forward P/E: 17.62 Industry P/E: 25.21
    P/S: 7.54 Price/Book: 3.88 EV/EBITDA: 19.08
    Market Cap: $26.53B Avg. Daily Volume: 2,997,640 52 Week Range: $68.44 – $84.97

    5. Sonus Networks, Inc. (SONS): $3.75

    CEO and President Raymond P. Dolan acquired 1,000,000 shares of this networking equipment manufacturer, paying $3.43 per share for a total amount of $3.43 million. Mr. Dolan increased his stake by 27.94% to 4,578,674 shares with this purchase.

    I picked up shares of Sonus following purchases by both the CEO and CFO under $3 per share earlier this year. While net income was negative, free cash flow was positive, the company was growing revenue, insiders were buying shares and the company was also buying back shares.

    The company has been transitioning from lower margin legacy products to higher margin Session Border Controller (SBC) products. One near-term concern is a plan to do a reverse stock split. While reverse stock splits work in some cases (Priceline.com for example), most stocks that undergo a reverse stock split often tend to drop following the split.

    Voluntary Disclosure: I hold a long position in Sonus Networks, Inc.

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

    P/E: N/A Forward P/E: 34.09 Industry P/E: 22.48
    P/S: 3.11 Price/Book: 3.81 EV/EBITDA: 362.38
    Market Cap: $926.72M Avg. Daily Volume: 2,854,050 52 Week Range: $2.68 – $4.25

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

    Notable Insider Sales:

    1. Microsoft Corporation (MSFT): $48.68

    Founder Bill Gates sold 7,500,000 shares of Microsoft for $46.34, generating $347.58 million from the sale.

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

    P/E: 19.08 Forward P/E: 15.45 Industry P/E: 27.6
    P/S: 4.39 Price/Book: 4.46 EV/EBITDA: 10.12
    Market Cap: $401.26B Avg. Daily Volume: 33,991,700 52 Week Range: $34.63 – $48.92

    2. Seagate Technology Public Limited Company (STX): $61.56

    Shares of this data storage company were sold by 7 insiders:

    • Chairman and CEO Stephen J. Luczo sold 383,813 shares for $62.32, generating $23.92 million from the sale. 107,983 of these shares were sold indirectly through a trust.
    • EVP,General Counsel, CAO Kenneth M. Massaroni sold 66,310 shares for $62.27, generating $4.13 million from the sale.
    • EVP, Operations and R&D William D. Mosley sold 64,939 shares for $62.19, generating $4.04 million from the sale.
    • Executive Vice President,Sales David K. Richarz sold 25,372 shares for $64.35, generating $1.63 million from the sale.
    • General Manager, Samsung HDD Douglas J. Dehaan sold 23,087 shares for $62.14, generating $1.43 million from the sale.
    • EVP & Chief Financial Officer Patrick O’Malley sold 13,230 shares for $63.34, generating $838,042 from the sale.
    • Director Chong Sup Park sold 1,250 shares for $62.57, generating $78,218 from the sale. These shares were sold indirectly through a trust.

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

    P/E: 13.72 Forward P/E: 10.65 Industry P/E: N/A
    P/S: 1.46 Price/Book: 6.94 EV/EBITDA: 8.17
    Market Cap: $20.13B Avg. Daily Volume: 2,802,410 52 Week Range: $47.25 – $65

    3. Six Flags Entertainment Corporation (SIX): $40.05

    Chairman, President & CEO James Reid-Anderson sold 800,000 shares of this theme park operator for $40.04, generating $32.04 million from the sale.

    You can view the list of recent insider transactions for Six Flags Entertainment Corporation here.

    P/E: 31.79 Forward P/E: 27.62 Industry P/E: 31.66
    P/S: 3.26 Price/Book: 10.81 EV/EBITDA: 13.25
    Market Cap: $3.75B Avg. Daily Volume: 1,035,750 52 Week Range: $31.77 – $43.19

    4. Molina Healthcare, Inc. (MOH): $48.75

    Shares of this medicaid-related solutions provider were sold by 13 insiders:

    • President & CEO Mario J. Molina MD sold 60,000 shares for $48.67, generating $2.92 million from the sale. These shares were sold indirectly through a trust.
    • Chief Operating Officer Terry Bayer sold 42,750 shares for $48.76, generating $2.08 million from the sale. 31,500 of these shares were sold as a result of exercising options immediately prior to the sale.
    • CFO John C. Molina sold 20,550 shares for $48.66, generating $999,996 from the sale.
    • Chief Legal Officer Jeff D. Barlow sold 17,752 shares for $48.91, generating $868,211 from the sale.
    • Chief Accounting Officer Joseph W. White sold 10,562 shares for $49.40, generating $521,800 from the sale.
    • Director Garrey Carruthers sold 9,500 shares for $48.56, generating $461,337 from the sale.
    • Director Charles Z. Fedak sold 9,000 shares for $48.64, generating $437,755 from the sale.
    • Director John P. Szabo sold 5,878 shares for $48.45, generating $284,789 from the sale.
    • Director Daniel Cooperman sold 5,200 shares for $48.73, generating $253,396 from the sale. These shares were sold indirectly through a trust.
    • Director Frank E. Murray sold 5,000 shares for $48.67, generating $243,350 from the sale.
    • Director Dale B. Wolf sold 5,000 shares for $48.98, generating $244,900 from the sale.
    • Director Ronna Romney sold 5,000 shares for $49.53, generating $247,640 from the sale.
    • Director Steven James sold 3,000 shares for $49.71, generating $149,130 from the sale.

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

    P/E: 118.04 Forward P/E: 18.47 Industry P/E: 22.83
    P/S: 0.28 Price/Book: 2.43 EV/EBITDA: 4.47
    Market Cap: $2.36B Avg. Daily Volume: 803,328 52 Week Range: $31.18 – $49.84

    5. Bank of the Ozarks, Inc. (OZRK): $36.3

    Shares of this regional bank were sold by 3 insiders:

    • Director Ross M. Whipple sold 200,000 shares for $35.20, generating $7.04 million from the sale. These shares were sold indirectly by an LLLP.
    • Chairman & CEO George G. Gleason II sold 64,000 shares for $35.43, generating $2.27 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • President Leasing Division Jay Scott Hastings sold 9,742 shares for $35.52, generating $346,003 from the sale. 4,000 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 Bank of the Ozarks, Inc. here.

    P/E: 26.3 Forward P/E: 18.62 Industry P/E: 18.78
    P/S: 9.33 Price/Book: 3.25 EV/EBITDA: N/A
    Market Cap: $2.89B Avg. Daily Volume: 431,831 52 Week Range: $24.72 – $36.32

    You can view the full list of sales from this Insider Sales page.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria

    Insider Weekends – October 31, 2014

    Welcome to edition 228 of Insider Weekends. Insider buying increased last week with insiders buying $63.4 million of stock compared to $56.48 million in the week prior. Selling also increased significantly with insiders selling $1.51 billion of stock last week compared to $393.38 million in the week prior. More than a third of the selling was driven by sales of Microsoft by Bill Gates.

    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 23.88. In other words, insiders sold  almost 24 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 6.96. 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 October 31, 2014

    Insider Sell Buy Ratio October 31, 2014

    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. AGCO Corporation (AGCO): $44.31

    Director Mallika Srinivasan acquired 45,000 shares of this farm & construction machinery company, paying $45.21 per share for a total amount of $2.03 million. These shares were purchased indirectly by Chennai, India based TAFE Motors and Tractors Limited.

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

    P/E: 9.03 Forward P/E: 13.35 Industry P/E: 14.79
    P/S: 0.41 Price/Book: 1.09 EV/EBITDA: 5.18
    Market Cap: $4.14B Avg. Daily Volume: 1,513,800 52 Week Range: $41.83 – $61.39

    2. The Dow Chemical Company (DOW): $49.4

    Director Paul Polman acquired 21,500 shares of this chemical company, paying $46.56 per share for a total amount of $1 million. Mr. Polman increased his stake by 111.86% to 40,720 shares with this purchase.

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

    P/E: 16.22 Forward P/E: 14.36 Industry P/E: 17.07
    P/S: 0.97 Price/Book: 2.59 EV/EBITDA: 8.98
    Market Cap: $57.66B Avg. Daily Volume: 10,095,400 52 Week Range: $38.16 – $54.97

    3. Tile Shop Holdings, Inc. (TTS): $8.61

    Director Peter H. Kamin acquired 114,972 shares of this retailer and manufacturer of stone tiles, paying $8.49 per share for a total amount of $975,618. Mr. Kamin increased his stake by 79.55% to 259,508 shares with this purchase.

    At first blush this looked like an interesting high-growth company that has plenty of room for growth beyond its current footprint of 105 stores in 30 states. The company opened 6 new stores in the third quarter but saw same store sales decline 0.5% in the first 9 months of the year.

    The stock is down more than 60% over the last year with the most recent plunge in stock price driven by an announcement that the company’s founder and CEO is retiring in January 2015. This announcement came at the same time the company reported third quarter results that missed both top line and bottom line expectations. Third quarter revenue grew 10.6% year-over-year to $62.8 million but net income dropped sharply to $1.5 million or 3 cents per share when compared to $4.05 million or 8 cents per share last year.

    The company also issued a cautious outlook for the full year expecting to generate earnings of 23 to 25 cents per share on sales of $257 to $261 million. Despite the drop in the stock price over the last year, it would have to come down a whole lot more to provide an adequate margin of safety for GARP investors.

    You can view the list of recent insider transactions for Tile Shop Holdings, Inc. here.

    P/E: 42.41 Forward P/E: 26.91 Industry P/E: N/A
    P/S: 1.71 Price/Book: 4.65 EV/EBITDA: 13.36
    Market Cap: $441.81M Avg. Daily Volume: 490,418 52 Week Range: $6.94 – $23.37

    4. Opko Health, Inc. (OPK): $8.35

    CEO & Chairman Phillip Frost M.D. acquired 107,500 shares of this medical devices and drug development company, paying $8.38 per share for a total amount of $900,434. These shares were purchased indirectly by Frost Gamma Investments Trust.

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

    P/E: N/A Forward P/E: N/A Industry P/E: 28.18
    P/S: 41.32 Price/Book: 3.9 EV/EBITDA: -41.61
    Market Cap: $3.58B Avg. Daily Volume: 2,216,400 52 Week Range: $7.32 – $11.64

    5. Unifi Inc. (UFI): $27.97

    Director Kenneth G. Langone acquired 35,000 shares of this textile company, paying $25.70 per share for a total amount of $899,420. Mr. Langone increased his stake by 3.55% to 1,019,625 shares with this purchase. 12,000 of these shares were purchased indirectly by Invemed Associates LLC and 1,000 shares were purchased indirectly by Mr. Langone’s wife.

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

    P/E: 20.02 Forward P/E: 13.38 Industry P/E: 12.31
    P/S: 0.72 Price/Book: 1.76 EV/EBITDA: 11.96
    Market Cap: $508.08M Avg. Daily Volume: 67,819 52 Week Range: $20.76 – $30.93

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

    Notable Insider Sales:

    1. Microsoft Corporation (MSFT): $46.95

    Shares of Microsoft were sold by 3 insiders:

    • Founder Bill Gates sold 12,500,000 shares for $46.21, generating $577.6 million from the sale.
    • Chief Accounting Officer Frank H. Brod sold 22,000 shares for $45.81, generating $1 million from the sale.
    • Director Maria Klawe sold 3,000 shares for $45.97, generating $137,895 from the sale.

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

    P/E: 18.4 Forward P/E: 14.95 Industry P/E: 26.68
    P/S: 4.15 Price/Book: 4.22 EV/EBITDA: 9.69
    Market Cap: $387.00B Avg. Daily Volume: 34,234,800 52 Week Range: $34.63 – $47.57

    2. Apple Inc. (AAPL): $108

    Senior Vice President Eduardo H. Cue sold 261,935 shares of Apple for $106.79, generating $27.97 million from the sale.

    Voluntary Disclosure: I hold a long position in Apple.

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

    P/E: 16.74 Forward P/E: 12.75 Industry P/E: 22.22
    P/S: 3.43 Price/Book: 5.63 EV/EBITDA: 10.65
    Market Cap: $633.40B Avg. Daily Volume: 58,794,400 52 Week Range: $70.51 – $108.04

    3. The Charles Schwab Corporation (SCHW): $28.67

    Chairman Charles R. Schwab sold 750,000 shares of this investment brokerage for $27.63, generating $20.73 million from the sale.

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

    P/E: 30.7 Forward P/E: 25.37 Industry P/E: 18.28
    P/S: 6.13 Price/Book: 3.51 EV/EBITDA: N/A
    Market Cap: $37.37B Avg. Daily Volume: 7,040,380 52 Week Range: $22.62 – $31

    4. EMC Corporation (EMC): $28.73

    Shares of this data storage and IT infrastructure company were sold by 8 insiders:

    • President & COO, Glob Enterprise Services Howard D. Elias sold 150,000 shares for $27.86, generating $4.18 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Vice Chairman William J. Teuber sold 150,000 shares for $27.65, generating $4.15 million from the sale.
    • CFO, EMC II & CAO, EMC Denis Cashman sold 117,250 shares for $27.43, generating $3.22 million from the sale. 85,000 of these shares were  sold as a result of exercising options immediately prior to the sale.
    • EVP & General Counsel Paul T. Dacier sold 74,753 shares for $27.40, generating $2.05 million from the sale.
    • President, Prod & Marketing Jeremy Burton sold 74,742 shares for $27.39, generating $2.05 million from the sale. 47,684 of these shares were  sold as a result of exercising options immediately prior to the sale.
    • EVP, Office of the Chairman Harry L. You sold 59,192 shares for $27.49, generating $1.63 million from the sale. 42,485 of these shares were  sold as a result of exercising options immediately prior to the sale.
    • CEO, EMCII David I. Goulden sold 35,000 shares for $27.51, generating $963,022 from the sale.
    • Executive Chairman, RSA Arthur W. Coviello sold 15,000 shares for $27.90, generating $418,500 from the sale.

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

    P/E: 23.13 Forward P/E: 13.43 Industry P/E: 18.79
    P/S: 2.41 Price/Book: 2.55 EV/EBITDA: 10.08
    Market Cap: $58.47B Avg. Daily Volume: 15,332,900 52 Week Range: $23.15 – $30.18

    5. Cathay General Bancorp (CATY): $26.41

    Shares of this regional bank were sold by 2 insiders:

    • Vice Chairman Anthony M. Tang sold 400,000 shares for $25.82, generating $10.33 million from the sale. These shares were sold indirectly by Mr. Tang’s spouse.
    • EVP – Chief Risk Officer Kim R. Bingham sold 1,500 shares for $24.88, generating $37,320 from the sale.

    You can view the list of recent insider transactions for Cathay General Bancorp here.

    P/E: 15.72 Forward P/E: 14.59 Industry P/E: 16.11
    P/S: 5.32 Price/Book: 1.31 EV/EBITDA: N/A
    Market Cap: $2.10B Avg. Daily Volume: 337,800 52 Week Range: $22.7 – $27.94

    You can view the full list of sales from this Insider Sales page.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria

    Insider Weekends – October 24, 2014

    Welcome to edition 227 of Insider Weekends. Insider buying declined sharply last week with insiders buying $56.48 million of stock compared to $165.25 million in the week prior. Selling also decreased with insiders selling $393.38 million of stock last week compared to $653.17 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 6.96. In other words, insiders sold  almost 7 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 3.95. 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 October 24, 2014

    Insider Sell Buy Ratio October 24, 2014

    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. AGCO Corporation (AGCO): $45.3

    Director Mallika Srinivasan acquired 491,557 shares of this farm & construction machinery company, paying $44.13 per share for a total amount of $21.73 million. These shares were purchased indirectly by Chennai, India based TAFE Motors and Tractors Limited.

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

    P/E: 8.3 Forward P/E: 12.94 Industry P/E: 15
    P/S: 0.41 Price/Book: 1.05 EV/EBITDA: 4.69
    Market Cap: $4.25B Avg. Daily Volume: 1,583,100 52 Week Range: $41.83 – $64.44

    2. Sears Holdings Corporation (SHLD): $38.97

    10% owner Bruce R. Berkowitz acquired 403,600 shares of this department stores chain, paying $34.61 per share for a total amount of $13.97 million.

    We normally don’t include purchases by 10% owners or funds but decided to make an exception in this case to highlight Bruce Berkowitz’s continued purchases of Sears. They remind me of Francis Chou’s purchases of Overstock.com (OSTK) back in 2011-2012 when the numbers didn’t look particularly attractive. You can read a profile of Mr. Chou in a Gurufocus.com article titled ‘The Investment Guru That You Never Heard Of‘.

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

    P/E: N/A Forward P/E: N/A Industry P/E: 17.63
    P/S: 0.11 Price/Book: 7.44 EV/EBITDA: -7.82
    Market Cap: $4.15B Avg. Daily Volume: 1,383,920 52 Week Range: $23.84 – $66.77

    3. Opko Health, Inc. (OPK): $8.4

    CEO & Chairman Phillip Frost M.D. acquired 94,800 shares of this medical devices and drug development company, paying $8.23 per share for a total amount of $780,378. These shares were purchased indirectly by Frost Gamma Investments Trust.

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

    P/E: N/A Forward P/E: N/A Industry P/E: 29.87
    P/S: 41.17 Price/Book: 3.88 EV/EBITDA: -41.46
    Market Cap: $3.61B Avg. Daily Volume: 3,098,330 52 Week Range: $7.32 – $11.64

    4. NanoViricides, Inc. (NNVC): $3.4

    Director Milton Boniuk acquired 100,000 shares of this nano-biopharmaceutical company, paying $3.11 per share for a total amount of $310,532. Mr. Boniuk increased his stake by 15.18% to 758,963 shares with this purchase.

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

    P/E: N/A Forward P/E: N/A Industry P/E: N/A
    P/S: N/A Price/Book: 6.56 EV/EBITDA: -19.7
    Market Cap: $191.93M Avg. Daily Volume: 270,722 52 Week Range: $2.67 – $6.65

    5. LiveDeal, Inc. (LIVE): $2.96

    CEO, CFO and President Jon Isaac acquired 100,000 shares of this internet information provider, paying $3.06 per share for a total amount of $305,875. Mr. Isaac increased his stake by 1.22% to 8,303,245 shares with this purchase.

    If there ever was a case of a CEO buying shares to signal the market, this is it. The company issued a press release last week indicating Mr. Isaac was going to buy 250,000 shares of the company and the stock opened nearly 18% higher the following day only to settle lower by the end of the day. The stock again spiked when the actual form 4 was filed only to once again settle lower. The company then issued another press release to indicate Mr. Isaac had purchased 100,000 shares.

    Looking at the numbers, it is hard to fathom why Mr. Isaac is buying shares.

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

    P/E: N/A Forward P/E: N/A Industry P/E: 35.56
    P/S: 9.77 Price/Book: 3.16 EV/EBITDA: -9.71
    Market Cap: $42.55M Avg. Daily Volume: 524,912 52 Week Range: $0.94 – $11.94

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

    Notable Insider Sales:

    1. Honeywell International Inc. (HON): $94.7

    Shares of this industrial technology and manufacturing company were sold by 3 insiders:

    • SVP-HR Procurement & Communications Mark R. James sold 123,174 shares for $92.92, generating $11.45 million from the sale. 80,000 of these shares were sold as a result of exercising options immediately prior to the sale.
    • Vice Chairman Roger Fradin sold 88,677 shares for $93.84, generating $8.32 million from the sale.
    • President & CEO, ACS Alexandre Ismail sold 53,831 shares for $92.68, generating $4.99 million from the sale.

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

    P/E: 17.8 Forward P/E: 15.5 Industry P/E: 22.71
    P/S: 1.81 Price/Book: 3.87 EV/EBITDA: 10.68
    Market Cap: $74.13B Avg. Daily Volume: 3,050,130 52 Week Range: $82.89 – $98.09

    2. Monsanto Company (MON): $113.28

    Chairman & CEO Hugh Grant sold 90,000 shares of this agricultural products company for $112.38, generating $10.11 million from the sale.

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

    P/E: 21.72 Forward P/E: 16.61 Industry P/E: 17.26
    P/S: 3.59 Price/Book: 7.24 EV/EBITDA: 13.1
    Market Cap: $57.23B Avg. Daily Volume: 4,188,780 52 Week Range: $102.88 – $128.79

    3. ServiceNow, Inc. (NOW): $65.45

    Shares of this software-as-a-service provider were sold by 2 insiders:

    • Chief Product Officer Frederic B. Luddy sold 151,400 shares for $59.74, generating $9.04 million from the sale. 1,400 of these shares were sold indirectly by Mr. Luddy’s spouse and 50,000 shares were sold indirectly by Frederic B. Luddy CRT, LLC.
    • Chief Financial Officer Michael Scarpelli sold 10,000 shares for $60.00, generating $600,000 from the sale.

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

    P/E: N/A Forward P/E: 327.25 Industry P/E: 17
    P/S: 15.49 Price/Book: 22.63 EV/EBITDA: -93.6
    Market Cap: $9.58B Avg. Daily Volume: 1,403,980 52 Week Range: $44.17 – $71.8

    4. Salesforce.com, Inc (CRM): $59.57

    Shares of this software-as-a-service (SaaS) provider were sold by 4 insiders:

    • Chairman of the Board & CEO Marc Benioff sold 100,000 shares for $57.28, generating $5.73 million from the sale.
    • Co-Founder Parker Harris sold 11,333 shares for $56.99, generating $645,819 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Chief Operating Officer George Hu sold 10,500 shares for $56.50, generating $593,236 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Pres, Applications & Platform Alexandre Dayon sold 2,504 shares for $56.67, generating $141,914 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 Salesforce.com, Inc here.

    P/E: N/A Forward P/E: 83.9 Industry P/E: 35.99
    P/S: 7.52 Price/Book: 10.86 EV/EBITDA: 12
    Market Cap: $36.87B Avg. Daily Volume: 4,919,020 52 Week Range: $48.18 – $67

    5. SolarCity Corporation (SCTY): $54.25

    Shares of this solar systems installer were sold by 2 insiders:

    • Chief Technology Officer Peter J. Rive sold 125,000 shares for $52.47, generating $6.56 million from the sale. 37,500 of these shares were sold as a result of exercising options immediately prior to the sale.
    • EVP, General Counsel Seth R. Weissman sold 7,000 shares for $53.12, generating $371,866 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 SolarCity Corporation here.

    P/E: N/A Forward P/E: N/A Industry P/E: 20.03
    P/S: 22.71 Price/Book: 8.4 EV/EBITDA: -34.11
    Market Cap: $5.03B Avg. Daily Volume: 4,321,750 52 Week Range: $42.38 – $88.35

    You can view the full list of sales from this Insider Sales page.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria

    Insider Weekends – October 17, 2014

    Welcome to edition 226 of Insider Weekends. Insider buying increased significantly last week with insiders buying $165.25 million of stock compared to $51.96 million in the week prior. Selling also increased with insiders selling $653.17 million of stock last week compared to $495.08 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 dropped down to 3.95. In other words, insiders sold  almost 4 times as much stock as they purchased. This is the lowest sell/buy ratio we have seen since January 2013 and is partially driven by low insider selling during earnings season.

    The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 9.53. 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 October 17, 2014

    Insider Sell Buy Ratio October 17, 2014

    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. Energy Transfer Equity, L.P. (ETE): $57.65

    Director Kelcy L. Warren acquired 1,200,000 shares of this natural gas pipeline company, paying $51.22 per share for a total amount of $61.47 million. These shares were acquired indirectly by Kelcy Warren Partners, L.P.

    You can view the list of recent insider transactions for Energy Transfer Equity, L.P. here.

    P/E: 103.32 Forward P/E: 31.68 Industry P/E: 32.19
    P/S: 0.59 Price/Book: 52.93 EV/EBITDA: 14.01
    Market Cap: $31.34B Avg. Daily Volume: 1,851,500 52 Week Range: $33 – $63.53

    2. AGCO Corporation (AGCO): $43.53

    Director Mallika Srinivasan acquired 319,064 shares of this farm & construction machinery company, paying $43.60 per share for a total amount of $13.9 million. These shares were purchased indirectly by Chennai, India based TAFE Motors and Tractors Limited.

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

    P/E: 7.97 Forward P/E: 12.44 Industry P/E: 14.33
    P/S: 0.41 Price/Book: 1.05 EV/EBITDA: 4.57
    Market Cap: $4.08B Avg. Daily Volume: 1,577,770 52 Week Range: $41.83 – $64.6

    3. Acuity Brands, Inc. (AYI): $128.58

    Director James H. Hance Jr. acquired 8,000 shares of this lighting fixtures company, paying $122.94 per share for a total amount of $983,520. Mr. Hance increased his stake by 4848.48% to 8,165 shares with this purchase.

    Mr. Hance joined the Board of Directors of Acuity Brands in August 2014 and is an operating executive of The Carlyle Group.

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

    P/E: 31.75 Forward P/E: 20.98 Industry P/E: 18.57
    P/S: 2.27 Price/Book: 4.67 EV/EBITDA: 15.53
    Market Cap: $5.52B Avg. Daily Volume: 377,358 52 Week Range: $98.29 – $146.28

    4. Opko Health, Inc. (OPK): $8.25

    CEO & Chairman Phillip Frost M.D. acquired 74,000 shares of this medical devices and drug development company, paying $8.23 per share for a total amount of $609,108. These shares were purchased indirectly by Frost Gamma Investments Trust.

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

    P/E: N/A Forward P/E: N/A Industry P/E: N/A
    P/S: 40.92 Price/Book: 3.86 EV/EBITDA: -40.91
    Market Cap: $3.54B Avg. Daily Volume: 2,298,790 52 Week Range: $7.32 – $11.64

    5. Devon Energy Corporation (DVN): $58.17

    Director John E. Bethancourt acquired 9,150 shares of this independent oil and natural gas company, paying $54.64 per share for a total amount of $499,972. Mr. Bethancourt increased his stake by 182.49% to 14,164 shares with this purchase.

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

    P/E: 14.49 Forward P/E: 9.86 Industry P/E: 19.65
    P/S: 1.59 Price/Book: 1.08 EV/EBITDA: 5.84
    Market Cap: $23.80B Avg. Daily Volume: 3,219,270 52 Week Range: $53.34 – $80.63

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

    Notable Insider Sales:

    1. Vornado Realty Trust (VNO): $104.67

    Director Michael D. Fascitelli sold 400,000 shares of this commercial REIT for $101.39, generating $40.56 million from the sale. 100,000 of these shares were sold indirectly by an LP.

    You can view the list of recent insider transactions for Vornado Realty Trust here.

    P/E: 128.12 Forward P/E: 20.05 Industry P/E: 17.58
    P/S: 7.62 Price/Book: 3.76 EV/EBITDA: 23.86
    Market Cap: $19.64B Avg. Daily Volume: 834,277 52 Week Range: $86.2 – $109.12

    2. Cantel Medical Corp. (CMN): $36.8

    Shares of this infection prevention and control products provider were sold by 8 insiders:

    • Director Alan J. Hirschfield sold 50,000 shares for $37.73, generating $1.89 million from the sale.
    • President and CEO Andrew A. Krakauer sold 37,267 shares for $36.97, generating $1.38 million from the sale.
    • Chairman Charles M. Diker sold 30,000 shares for $38.39, generating $1.15 million from the sale.
    • Senior VP and General Counsel Eric W. Nodiff sold 5,000 shares for $38.76, generating $193,778 from the sale.
    • Director Ann E. Berman sold 3,750 shares for $37.00, generating $138,750 from the sale.
    • Executive VP and COO Jorgen B. Hansen sold 2,000 shares for $37.53, generating $75,060 from the sale.
    • Vice President and Controller Steven C. Anaya sold 2,000 shares for $39.50, generating $79,000 from the sale.
    • Senior Vice President Seth M. Yellin sold 800 shares for $38.81, generating $31,044 from the sale.

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

    P/E: 35.38 Forward P/E: 23.9 Industry P/E: 27.99
    P/S: 3.15 Price/Book: 4.18 EV/EBITDA: 16.88
    Market Cap: $1.51B Avg. Daily Volume: 89,537 52 Week Range: $29.6 – $40.19

    3. CSX Corp. (CSX): $33.86

    Shares of this railroad company were sold by 2 insiders:

    • Executive Vice President & COO Oscar Munoz sold 75,000 shares for $33.76, generating $2.53 million from the sale.
    • EVP & Chief Financial Officer Fredrik J. Eliasson sold 40,000 shares for $33.53, generating $1.34 million from the sale.

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

    P/E: 18.3 Forward P/E: 15.68 Industry P/E: 21.45
    P/S: 2.63 Price/Book: 2.96 EV/EBITDA: 9.06
    Market Cap: $33.83B Avg. Daily Volume: 6,731,470 52 Week Range: $25.58 – $34.09

    4. Douglas Emmett Inc (DEI): $26.49

    Chairman of the Board Dan A. Emmett sold 140,000 shares of this apartment REIT for $26.31, generating $3.68 million from the sale. These shares were sold indirectly through a trust.

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

    P/E: 84.36 Forward P/E: 15.67 Industry P/E: 17.58
    P/S: 6.36 Price/Book: 1.94 EV/EBITDA: 19.66
    Market Cap: $3.82B Avg. Daily Volume: 748,017 52 Week Range: $22.27 – $29.56

    5. Hanesbrands Inc. (HBI): $104.46

    CEO Richard A. Noll sold 30,000 shares of this apparel company for $104.00, generating $3.12 million from the sale.

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

    P/E: 30.1 Forward P/E: 16.45 Industry P/E: 19
    P/S: 2.11 Price/Book: 7.48 EV/EBITDA: 15.73
    Market Cap: $10.41B Avg. Daily Volume: 739,880 52 Week Range: $62.03 – $112.4

    You can view the full list of sales from this Insider Sales page.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria