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Largest Insider Trades of the Week

Insiders increase holdings of MGM Resorts, dump shares of BioDelivery Sciences

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Tiziano Frateschi
Jun 14, 2019
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The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+,” the duration to “June 2019” and All Insider Sales to “$200,000+.”

According to these filters, the following are trades from company insiders this week.

Director Keith A. Meister bought 636,335 shares of MGM Resorts International (

MGM, Financial) for an average price of $27.76 per share on June 12.

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The American resort operator has a market cap of $14.88 billion and an enterprise value of $32.82 billion. It has insider ownership of 0.27% and institutional ownership of 94.32%.

Over the last 12 months, the stock has fallen 11% and is trading 12.51% below its 52-week high and 28.15% above its 52-week low.

Heng Fai Ambrose Chan, director and 10% owner of Document Security Systems Inc. (

DSS, Financial), bought 2 million shares for an average price of 50 cents per share on June 10.

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The company, which is engaged in the security and commercial printing and packaging markets, has a market cap of $7.94 million and an enterprise value of $8.98 million. It has institutional ownership of 31.03% and an insider ownership of 3.81%.

Over the past 12 months, the stock price has fallen 67% and is now trading 77.84% below its 52-week high and 0.23% above its 52-week low.

PDL Biopharma Inc., 10% owner of Evofem Biosciences Inc. (

EVFM, Financial), bought 6.6 million shares for an average price of $4.50 per share on June 10.

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The biotechnology company has a market cap of $301.18 million and an enterprise value of $305.01 million. It has insider ownership of 7.57% and institutional ownership of 82.64%.

Over the last 12 months, the stock price has risen 101% and is trading 8.32% below its 52-week high and 270.80% above its 52-week low.

Most important insider sales

Mark A Sirgo, director of BioDelivery Sciences International Inc. (

BDSI, Financial), sold 484,752 shares for an average price of $4.22 per share on June 12.

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The company, which provides pain management and addiction medicine, has a market cap of $378.45 million and an enterprise value of $389.41 million. It has insider ownership of 9.89% and institutional ownership of 66.1%.

Over the last 12 months, the stock has risen 49%. It is trading 19.51% below its 52-week high and 84.04% above its 52-week low.

Michael Mente, MMMK Development Inc., Michael Karanikolas, TSG6 L.P., Hadley Mullin and Jennifer Baxater Moser sold a combined 23.92 million shares of Revolve Group Inc. (

RVLV, Financial) for an average price of $18 per share on June 11.

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The company’s market cap and enterprise value are both $859.06 million.

Over the last 12 months, the stock has gained 7% and is now trading 18.45% below its one-month high and 45.40% above its one-month low.

Legacy Reserves Inc.'s (

LGCY, Financial) 10% owner, Baines Creek Capital LLC, sold 11.98 million shares for an average price of 11 cents per share on June 11.

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The company, which acquires and develops oil and natural gas properties, has a market cap of $13.38 million and an enterprise value of $1.31 billion. It has an institutional ownership of 32.32% and an insider ownership of 8.93%.

Over the last 12 months, the stock has fallen 98%. It is currently trading 98.43% below its 52-week high and 41.21% above its 52-week low.

Disclosure: I do not own any stocks mentioned.

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