Insiders Roundup: Top Buys, Sales of the Week

Company insiders pick up shares at Tuesday Morning and Pacific Ethanol

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Jan 15, 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. 14, Candlewood Investment Group, a 10% owner of Pacific Ethanol Inc. (PEIX), bought 1,824,544 shares in the company at the price of $3.39 per share and a total cost of $6,185,200. Since then, the price of the stock has dropped by 1.5% to $3.34 per share.

The company has an insider ownership of 3.74% and an institutional ownership of 66.52%.

Pacific Ethanol is a producer and marketer of low-carbon renewable fuels in the Western U.S. It also markets ethanol co-products, including wet distillers grains, or WDG, and corn oil for the Pacific Ethanol Plants

During the last 12 months, the price of the stock has dropped by 59% and is now trading with a forward P/E ratio of 2.61. The price is 75.62% below its 52-week high and 10.23% above its 52-week low.

On Jan. 12, Steven R. Becker, CEO of Tuesday Morning Corp. (TUES), bought 1,055,467 shares in the company at the price of $5.14 per share and a total cost of $5,425,100. Since then, the price of the stock has risen by 14.0% to $4.38 per share.

The company has an insider ownership of 3.29% and an institutional ownership of 9.95%.

Tuesday Morning offers off-price retailer specializing in selling deeply discounted, upscale decorative home accessories, housewares, seasonal goods and maker gifts.

During the last 12 months, the price of the stock has dropped by 71% and is now trading with a P/E ratio 24.15. The price is 72.77% below its 52-week high and 20.58% above its 52-week low.

On Jan. 12, Alexander J. Denner, a 10% owner of Apricus Biosciences Inc. (APRI), bought 1,306,819 shares in the company at the price of $0.88 per share and a total cost of $1,150,000. Since then, the price of the stock has dropped by 8.0% to $0.81 per share.

The company has an insider ownership of 23.78% and an institutional ownership of 31.52%.

Apricus Biosciences is a pharmaceutical company that develops and commercializes pharmaceutical products that treat large patient populations with operations based in the U.S.

During the last 12 months, the price of the stock has dropped by 34% and is now trading with a P/S ratio of 9.43. The price is 70.55% below its 52-week high and 3.85% above its 52-week low.

On Jan. 12, Steven B. Ruchefsky, Arie Belldegrun and Tomer Kariv, directors of Arno Therapeutics Inc. (ARNI), bought 7,915,613 shares in the company at the price of 35 cents per share and a total cost of $2,770,461. Since then, the price of the stock has dropped by 8.6% to 32 cents per share.

The company has an insider ownership of 11.15% and an institutional ownership of 10.09%.

Arno Therapeutics is a development stage company focused on developing innovative products for the treatment of cancer.

During the last 12 months, the price of the stock has dropped by 51%. The price is 72.17% below its 52-week high and 77.78% above its 52-week low.

On Jan. 12, several 10% owners bought a total of 11,111,110 shares in the company at the price of $9.0 per share and a total cost of $99,999,990. Since then, the price of the stock has risen by 17.2% to $10.55 per share.

The company has an insider ownership of 0.38% and an institutional ownership of 82.60%.

Epizyme is a clinical stage biopharmaceutical company. The company discovers, develops and commercializes novel epigenetic therapies for cancer patients.

During the last 12 months, the price of the stock has dropped by 43%. The price is 62.96% below its 52-week high and 13.20% above its 52-week low.

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

Gaming and Leisure Properties Inc. (GLPI) – Peter Carlino, chairman, CEO and 10% owner, sold a total of 412,135 shares for a total of $10,942,200. The company is trading with a P/E ratio of 23.36. Year to date, the price has declined by 6%. Gurus like Leon Cooperman (Trades, Portfolio) and Caxton Associates (Trades, Portfolio) sold out their stakes during the third quarter 2015.

TE Connectivity Ltd. (TEL) – Chairman and CEO Thomas Lynch sold 87,959 shares for a total of $5,100,740. The company is now trading with a P/E ratio of 11.39. Year to date, the price has dropped by 9%. Gurus like First Eagle Investment (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio), sold shares of the company during Q3 2015.

Palo Alto Networks Inc. (PANW) – CTO Nir Zuk sold 31,810 shares for a total cost of $5,247,000. The company is now trading with a forward P/E ratio of 55.87 and year to date, the price has dropped by 7%. Gurus like John Burbank (Trades, Portfolio), Caxton Associates (Trades, Portfolio) and Pioneer Investments (Trades, Portfolio) sold shares of the company during the third quarter of 2015.

Darden Restaurants Inc. (DRI) – Director Jeffrey Smith sold 1,300,000 shares for a total cost of $81,250,000. The company is now trading with a P/E ratio of 20.88 and year to date, the price has dropped by just 3%. Gurus like Ray Dalio (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) sold out their stakes during the third quarter.