Insiders Buy Northern Oil & Gas, Sears Holdings

10% owner Bruce Berkowitz purchases shares of Sears Holdings

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Jan 22, 2016
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The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "January 2016."

According to the above filters, the following are the recent buys from company insiders in the past week.

On Jan. 21, Robert B. Rowling, a 10% owner of Northern Oil & Gas Inc. (NOG), bought 700,000 shares in the company at the price of $2.50 per share and a total cost of $1,750,000. Since then, the price of the stock has risen by 9.2% to $2.73 per share.

The company has an insider ownership of 10.22% and an institutional ownership of 88.67%.

Northern Oil & Gas is engaged in the acquisition, exploration, development and production of crude oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana.

During the last 12 months, the price of the stock has dropped by 57% and is now trading with a forward P/E ratio of 500.00. The price is 71.29% below its 52-week high and 37.19% above its 52-week low.

On Jan. 20, Dominion Resources Inc., a director and 10% owner of Dominion Midstream Partners LPÂ (DM), bought 50,000 shares in the company at the price of $25.37 per share and a total cost of $1,268,500. Since then, the price of the stock has risen by 3.5% to $26.27 per share.

The company has an insider ownership of 0.32% and an institutional ownership of 55.60%.

Dominion Midstream, through its subsidiaries, reports one operating segment, Dominion Energy, which consists of LNG import, transportation and storage.

During the last 12 months, the price of the stock has dropped by 25% and is now trading with a P/E ratio of 13.82. The price is 40.75% below its 52-week high and 13.62% above its 52-week low.

On Jan. 20, Lion Fund LP, a 10% owner of Biglari Holdings Inc. (BH), bought 3,461 shares in the company at the price of $341.05 per share and a total cost of $1,180,370. Since then, the price of the stock has risen by 1.8% to $347.12 per share.

The company has an insider ownership of 8.55% and an institutional ownership of 92.14%.

Biglari Holdings is currently engaged in the franchising and operating of restaurants. Its reportable segments are Restaurant Operations and Investment Management.

During the last 12 months, the price of the stock has dropped by 20% and is now trading with a P/E ratio of 27.29. The price is 24.45% below its 52-week high and 8.14% above its 52-week low.

On Jan. 20, Baker Bros. Advisors LP, a 10% owner of Biocryst Pharmaceuticals Inc. (BCRX), bought 344,895 shares in the company at the price of $7.28 per share and a total cost of $2,510,840. Since then, the price of the stock has dropped by 3.4% to $7.03 per share.

The company has an insider ownership of 5.64% and an institutional ownership of 86.99%.

Biocryst Pharmaceuticals is engaged in the design, optimization and development of novel drugs that block key enzymes involved in the pathogenesis of diseases.

During the last 12 months, the price of the stock has dropped by 34% and is now trading with a P/B ratio of 8.08. The price is 58.23% below its 52-week high and 7.49% above its 52-week low.

On Jan. 20, Baker Bros. Advisors LP, a 10% owner of Aquinox Pharmaceuticals Inc. (AQXP), bought 190,079 shares in the company at the price of $9.33 per share and a total cost of $1,773,440. Since then, the price of the stock has risen by 15.0% to $10.73 per share.

The company has an insider ownership of 0.42% and an institutional ownership of 38.91%.

Aquinox Pharmaceuticals is a clinical-stage pharmaceutical company. It discovers and develops drug candidates to treat inflammation and cancer.

During the last 12 months, the price of the stock has risen by 7% and is now trading with a P/B ratio of 1.61. The price is 80.75% below its 52-week high and 677.54% above its 52-week low.

On Jan. 20, Edward S. Lampert, a 10% owner of Lands' End Inc. (LE), bought 161,551 shares in the company at the price of $20.92 per share and a total cost of $3,379,650. Since then, the price of the stock has risen by 3.2% to $21.59 per share.

The company has an insider ownership of 0.07% and an institutional ownership of 93.11%.

Lands' End offers its products through catalogs, online at www.landsend.com and affiliated specialty and international websites and retail locations, primarily at Lands' End shops at Sears, stand-alone Lands' End Inlet stores and international shop-in-shops that sell merchandise in various retail department stores.

During the last 12 months, the price of the stock has dropped by 49% and is now trading with a P/E ratio of 13.21. The price is 49.94% below its 52-week high and 6.04% above its 52-week low.

On Jan. 20, Saba Capital Management LP, a 10% owner of Franklin Templeton Ltd. Duration Inc. Tr. (FTF), bought 154,080 shares in the company at the price of $10.41 per share and a total cost of $1,603,970. Since then, the price of the stock has dropped by 1.8% to $10.22 per share.

The company has an institutional ownership of 45.83%.

Franklin Templeton is a closed-end investment company.The fund invests in debt securities and other income-producing instruments, allocated primarily among asset-backed securities, bank loans and below investment grade debt securities.

During the last 12 months, the price of the stock has dropped by 16% and is now trading with a P/E ratio of 30.97. The price is 17.71% below its 52-week high and 1.09% above its 52-week low.

On Jan. 19, Bruce Berkowitz (Trades, Portfolio), a 10% owner of Sears Holdings Corp. (SHLD), bought 142,000 shares in the company at the price of $17.39 per share and a total cost of $2,469,380. Since then, the price of the stock has dropped by 2.1% to $17.02 per share.

The company has an insider ownership of 2.33% and an institutional ownership of 71.51%.

Sears Holdings, along with its subsidiaries, is an integrated retailer with 1,725 full-line and specialty retail stores in the U.S., operating through Kmart and Sears. The company operates in two segments including Kmart and Sears Domestic.

During the last 12 months, the price of the stock has dropped by 49% and is now trading with a P/S ratio of 0.07. The price is 63.18% below its 52-week high and 4.61% above its 52-week low.

On Jan. 19, Marubeni Corp., a director and 10% owner of Aircastle Ltd. (AYR), bought 121,100 shares in the company at the price of $18.32 per share and a total cost of $2,218,550. Since then, the price of the stock has dropped by 0.3% to $18.27 per share.

The company has an insider ownership of 2.99% and an institutional ownership of 94.00%.

Aircastle's business is investing in aviation assets, including acquiring, leasing, managing and selling high-utility commercial jet aircraft. It also makes investments in other aviation assets, including debt investments secured by commercial jet aircraft.

During the last 12 months, the price of the stock has dropped by 12% and is now trading with a P/E ratio of 10.26. The price is 28.41% below its 52-week high and 7.22% above its 52-week low.

On Jan. 19, Clearlake Capital Partners IV, a 10% owner of Tangoe Inc. (TNGO), bought 468,057 shares in the company at the price of $8.19 per share and a total cost of $3,833,390. Since then, the price of the stock has dropped by 3.8% to $7.88 per share.

The company has an insider ownership of 6.68% and an institutional ownership of 94.00%.

Tangoe provides connection lifecycle management, or CLM, software and services to a wide range of enterprises and service providers.

During the last 12 months, the price of the stock has dropped by 34% and is now trading with a forward P/E ratio of 13.14. The price is 47.18% below its 52-week high and 34.93% above its 52-week low.

On Jan. 19, Energy Ccapital Partners II, LL, a director and 10% owner of Summit Midstream Partners LPÂ (SMLP), bought 267,650 shares in the company at the price of $16.31 per share and a total cost of $4,365,370. Since then, the price of the stock has dropped by 12.6% to $14.25 per share.

The company has an insider ownership of 0.04% and an institutional ownership of 56.08%.

Summit Midstream Partners is a limited partnership focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America.

During the last 12 months, the price of the stock has dropped by 58% and is now trading with a forward P/E ratio of 7.56. The price is 65.39% below its 52-week high and 11.15% above its 52-week low.

Insider sales in the past week have been focused on these companies:

Eurosite Power Inc. (EUSP) – RBC Holdings, 10% owner, sold a total of 500,000 shares for a total of $290,000. The company is trading with a forward P/B ratio of 15.00. Year to date, the price has declined by 8%.

Horsehead Holding Corp. (ZINC) – Dalal Street, LLC, 10% owner, sold a total of 2,979,352 shares for a total of $1,340,710. The company is trading with a forward P/E ratio of 22.17. Year to date, the price has tanked by 80%. Guru Mohnish Pabrai (Trades, Portfolio) reduced his stake by 15.99% during the first quarter of 2016 while RS Investment Management (Trades, Portfolio) sold out its shares during Q3 2015.