Insider Stock Trading: Bill Gross Buys Shares Of Pimco Fund …

Insider Stock Trading: Bill Gross Buys Shares Of Pimco Fund …

Welcome to our daily roundup of top insider trades. Here’s a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:

Bill Gross, co-founder of Pimco, bought 87,848 shares of the non-diversified, closed-end management investment company Pimco Dynamic Income Fund (NYSE:PDI) for $2,754,606.

Lloyd Frink, a director at online and mobile platform for restaurant pickup and delivery orders GrubHub (NYSE:GRUB), bought 77,000 shares of company stock for $2,002,000.

Nicholas Schorsch, Chairman of holding company RCS Capital (NYSE:RCAP), bought 20,000 shares of company stock for $638,817.

CIM Service Provider, a subsidiary of urban real estate and infrastructure investment firm CIM Group, bought 42,000 shares of real estate investment trust PMC Commercial Trust (NASDAQ:PMCT) for $194,496. 

For more insider trades, see the charts below.
Insider Purchases

#:

Filer Name

Insider Titles

Company Name

Ticker

Trans
Type

Dollar Value

1

Gross William H

O

Pimco Dyn Inc Fd

PDI

B

$2,754,606

2

Gross William H

O

Pimco DC Inc Fd

PCI

B

$2,305,150

3

Frink Lloyd D

DIR

Grubhub

GRUB

JB*

$2,002,000

4

Schorsch Nicholas

CB,DIR,BO

Rcs Capital

RCAP

B

$638,817

5

Marubeni

DIR,BO

Aircastle

AYR

B

$564,498

6

Cim Svc Provider

BO

Pmc Comml Tr Tx

PMCT

AB

$194,496

7

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$189,229

8

Malson Kelly M

DIR

Conns

CONN

B

$178,110

9

Cabillot Raymond

DIR

Oxbridge Re

OXBRU

B

$149,239

10

Vestergaard Steve

CEO,DIR,BO

Destiny Media Tech

DSNY

B

$114,020

Insider Sales

#:

Filer Name

Insider Titles

Company Name

Ticker

Trans
Type

Dollar Value

1

Orbimed Advisors

DIR

Intercept Pharm

ICPT

S

$26,017,600

2

Scott Sterling C

CEO,DIR

Growlife

PHOT

S

$2,889,737

3

Fischer David B

VP,SO,PT

Facebook

FB

AS

$2,208,240

4

Dailly Paul A

VP

Kosmos Energy

KOS

AS

$1,263,705

5

Gordon Andrew

CEO,DIR

Coffee Holding Co

JVA

AS

$996,289

6

Mohn Jarl

DIR

Rubicon Project

RUBI

JS*

$750,000

7

Streit Steven W

CB,CEO,BO

Green Dot

GDOT

AS

$618,450

8

Wilkinson Philip C

DIR

Entravision Comms

EVC

AS

$558,814

9

Bailey Beth A

VP

Chicago Bridge

CBI

AS

$427,743

10

Boling Paul F

CFO,SEC,TR

Carrizo Oil & Gas

CRZO

AS

$412,574

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable — by both academic studies and (more importantly) the experience of your fellow professional investors — to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they’re registered as “insiders.”

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don’t (or shouldn’t) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Jonathan Moreland is also the author of “Profit From Legal Insider Trading.”

No positions in stocks mentioned.

View original: 

Insider Stock Trading: Bill Gross Buys Shares Of Pimco Fund …

Share this post