$PSEC, $VST, $AIRT, $SPKE, $EPAY, $CABO, $CZR, $CPB, $CBZ, $CUBE, $DG, $XOG, $GNCMA, $GIII, $GPI, $HPQ, $HUM, $IAC, $NCS, $PETS, $PSA, $REN, $RUTH, $SNI, $SEM, $STRL, $UNFI, $VLO, $WCC, $WWC, $SGMS

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In this report we examine stocks that C-level officers and directors  bought and sold ending the week of December 29th, 2017.  Insiders sell stock for a variety of reasons but they generally buy for just one, to make money.  We only look at material amounts of money, $100k or more, as anything less could be window dressing.  The bar is different on selling as the natural state of management is to be sellers.  Most companies provide significant amounts of their compensation packages as stock. Therefore we analyze selling for unusual patterns; such as insider selling 25% or more of their holdings or multiple insiders selling near 52 wk. lows.  Another red flag is large planned sale programs that just start out of the blue. We generally ignore 10% shareholders as they tend to be OPM (other people’s money) and not the SMART money we are trying to go to school on.  Although this info is available for free from the SEC’s Web site , Edgar, we subscribe to the Washington Service as they provide a way to manage and make sense from the realms of data. To learn more about our strategy visit our website at The Insiders Fund. We welcome your comments on our analysis. We may own positions long or short in any of these names and are under no obligation to disclose that-So do your own research.

 

Buying

Prospect Capital Corp PSEC Last week, Chairman Barry John F III purchased 1.8 million shares for a total of $13.3 million. Where did the money come from?

Vistra Energy Corp VST CEO Morgan Curtis A purchased 19,094 shares at $18.34 for a total of $350.2k.

Air T Inc AIRT Chairman Swenson Nicholas John purchased 52,742 shares at $24.74 for a total of $1.3 million. This is a bit of a strange buy as his volume accounted for almost all the daily volume. Mr. Swenson runs a hedge fund.

Spark Energy Inc SPKE Chairman Maxwell W Keith III purchased 36,600 shares at $12 for a total of $439.2k. This is interesting. Natural gas has been selling for below cost and spiked 15% in the last two days.

 

Selling

Bottomline Technologies Inc. EPAY CEO Eberle Robert A sold 12,601 shares at $33.51 for a total of $422.2k.

Cable One Inc CABO Chairman Might Thomas O sold 3,495 shares at $685 for a total of $2.4 million. It has been awhile since the first sale.

Caesars Entertainment Corp CZR Chairman Loveman Gary W sold 40,000 shares at $12.6 for a total of $504.0k. It was a sizeable sale in a long time.

Campbell Soup Co CPB VP Carolan Edward sold 6,500 shares at $48.15 for a total of $313.0k.

CBIZ Inc CBZ Officer Kouzelos Michael P sold 56,300 shares at $14.95 for a total of $841.7k.

Cubesmart CUBE CFO Martin Timothy M sold 132,746 shares at $29.35 for a total of $3.9 million.

Dollar General Corp DG VP Kindy Michael J sold 7,536 shares at $93.35 for a total of $703.5k.

Extraction Oil & Gas Inc XOG Pres Owens Matthew R sold 400,000 shares at $14.81 for a total of $5.9 million.

General Communication Inc GNCMA Dir Mooney Stephen R sold 10,100 shares at $40.78 for a total of $411.9k.

G-III Apparel Group Ltd. GIII Pres Aaron Sammy sold 102,130 shares at $33.6 for a total of $3.4 million.

Group 1 Automotive Inc GPI CEO Hesterberg Earl J Jr sold 10,640 shares at $74.44 for a total of $792.0k.

HP Inc HPQ Officer Rivera Kim M sold 48,954 shares at $21.34 for a total of $1.0 million.

Humana Inc HUM VP LeClaire Brian P sold 1,679 shares at $245.97 for a total of $413.0k.

IAC/InterActiveCorp IAC VP Stein Mark J sold 26,887 shares at $126.68 for a total of $3.4 million.

NCI Building Systems NCS Officer Kuzdal John L sold 20,000 shares at $19.3 for a total of $386.0k.

PetMed Express Inc PETS Dir Fulgoni Gian M sold 20,000 shares at $44.7 for a total of $894.0k.

Public Storage PSA Dir Pruitt Gary E sold 5,000 shares at $212.09 for a total of $1.1 million.

Repligen Corp RGEN VP Benjamin Howard sold 12,729 shares at $35 for a total of $445.5k.

Ruth’s Hospitality Group Inc RUTH Pres Henry Cheryl Janet sold 18,000 shares at $21.3 for a total of $383.4k.

Scripps Networks Interactive SNI Dir Costa Michael R sold 18,955 shares at $83.64 for a total of $1.6 million.

Select Medical Holdings Corp SEM CFO Jackson Martin F sold 134,029 shares at $17.05 for a total of $2.3 million.

Sterling Construction Co. STRL Dir Hemsley Maarten D sold 30,000 shares at $17.5 for a total of $525.0k.

United Natural Food Inc. UNFI VP Traficanti Joseph J sold 9,913 shares at $51.34 for a total of $508.9k.

Valero Energy Corp VLO CFO Ciskowski Michael S sold 45,657 shares at $88.07 for a total of $4.0 million.

Wesco International Inc. WCC Dir Singleton James Louis sold 5,898 shares at $63.83 for a total of $376.5k.

World Wrestling Entertainment Inc. WWE Chairman McMahon Vincent K sold 3,340,000 shares at $28.68 for a total of $95.8 million.

Scientific Games Corp SGMS Officer/Dir Haddrill Richard M sold 8,000 shares at $51.28 for a total of $410.2k. Also, Director Kennedy David L sold 21,971 shares at $50.05 for a total of $1.1 million.