Top insider trades (Thu, Aug 20)

Today’s Largest Unscheduled Trades

There were 317 new insider trades filed.

1 insider trade was flagged as High Signal and added to the CEO Watcher Portfolio after insiders bought the post-earnings dip. The company is growing faster than peers at a lower valuation and expanding into higher-margin products. The stock fell after earnings due to a guidance cut, which mgmt believes is temporary because of heavy competitor promotions (mgmt chose to maintain margins instead) and a product-cycle lull that refreshes in October.

Our system gave high scores to 1 insider purchase (I shared our system’s notes on those in the High Scoring Purchases - Quick Notes).

We also found 4 insider purchases from insiders who average 20%+ 1y returns.

CEO Watcher Premium subs can see all of these notes in later sections of this email.

Today’s most interesting unscheduled insider trades:

• Director (ALFRED MICHAEL) at Bakkt, Inc. $BKKT purchased $2.11M (3rd largest purchase, out of 3). This increased their listed holdings by 32%.

• Co-Chief Executive Officer at Chicago Atlantic Real Estate Finance, Inc. $REFI purchased $468.23K (largest purchase ever, out of 2). This increased their listed holdings by 10%. Their last purchase was 1344 days ago. 1 other insider also purchased the stock in the last 30 days.

• Co-Chief Investment Officer at Chicago Atlantic BDC, Inc. $LIEN purchased $420.81K (2nd largest purchase, out of 4). Their last purchase was 1443 days ago. 2 other insiders also purchased the stock in the last 30 days.

• Chairman & CEO at UTG INC $UTGN purchased $283.67K (3rd largest purchase, out of 6). 1 other insider also purchased the stock in the last 30 days.

• Executive Chairman at ALEXANDRIA REAL ESTATE EQUITIES, INC. $ARE purchased $231.40K (7th largest purchase, out of 9).

• Executive Chairman at Sotera Health Co $SHC sold $15.73M (2nd largest sale, out of 6). This decreased their listed holdings by -20%. 1 other insider also sold the stock in the last 30 days.

• Chief Executive Officer at Bank of N.T. Butterfield & Son Ltd $NTB sold $12.75M (largest sale ever, out of 2). This decreased their listed holdings by -100%. 8 other insiders also sold the stock in the last 30 days.

• Chief Medical Officer at Liquidia Corp $LQDA sold $5.97M (largest sale ever, out of 4). This decreased their listed holdings by -21%. Rip Sell: the stock was up 114% in the previous 6 months. 3 other insiders also sold the stock in the last 30 days.

• Chief Operations Officer at Iridium Communications Inc. $IRDM sold $4.30M (largest sale ever, out of 8). This decreased their listed holdings by -23%. Rip Sell: the stock was up 112% in the previous 6 months. Their last sale was 651 days ago. 5 other insiders also sold the stock in the last 30 days.

• President, WOTC at HASBRO, INC. $HAS sold $1.10M (largest sale ever, out of 3). This decreased their listed holdings by -23%. 3 other insiders also sold the stock in the last 30 days.

Today’s largest unscheduled insider trades:

• 10% Owner (WALTERS GROUP) at Zentalis Pharmaceuticals, Inc. $ZNTL purchased $15.17M (largest purchase ever, out of 2). This increased their listed holdings by 32%. Dip Buy: the stock was down -25% in the previous month.

• 10% Owner (DART KENNETH BRYAN) at Flutter Entertainment plc $FLUT purchased $8.35M. Dip Buy: the stock was down -65% in the previous year. This insider has purchased the stock 10 times in the last 30 days. Is part of a dividend reinvestment.

• Director (HONG ZHIWANG) at ADDENTAX GROUP CORP. $ATXG purchased $1.05M. This increased their listed holdings by 3,405%. Dip Buy: the stock was down -18% in the previous week.

• 10% Owner (Mazarakis John) at Chicago Atlantic BDC, Inc. $LIEN purchased $566.40K (largest purchase ever, out of 7). 3 other insiders also purchased the stock in the last 30 days.

• Director (SHANKS EARL C) at Gaming & Leisure Properties, Inc. $GLPI purchased $422.40K (largest purchase ever, out of 10). This increased their listed holdings by 10%. Their last purchase was 2345 days ago.

• 10% Owner (PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.) at NATURES SUNSHINE PRODUCTS INC $NATR purchased $293.80K (12th largest purchase, out of 32). Dip Buy: the stock was down -28% in the previous month. This insider has purchased the stock 2 times in the last 30 days.

• 10% Owner (FIRST SOUTHERN FUNDING LLC) at UTG INC $UTGN purchased $283.67K (4th largest purchase, out of 7). 1 other insider also purchased the stock in the last 30 days.

• Executive Chairman at Chicago Atlantic Real Estate Finance, Inc. $REFI purchased $256.32K (largest purchase ever, out of 6). 1 other insider also purchased the stock in the last 30 days.

• Chief Executive Officer at Li Bang International Corp Inc. $LBGJ purchased $248.70K. This increased their listed holdings by 11,411%. Dip Buy: the stock was down -99% in the previous month. 2 other insiders also purchased the stock in the last 30 days.

• Chief Financial Officer at DORCHESTER MINERALS, L.P. $DMLP purchased $147.07K (3rd largest purchase, out of 15).

• Director (DeLuca Teresa) at Surgery Partners, Inc. $SGRY purchased $143.50K (largest purchase ever, out of 4). This increased their listed holdings by 17%. Reversal: they made 2 straight sales before this purchase. Their last purchase was 1832 days ago.

• 10% Owner (Red Oak Partners, LLC) at Motorsport Games Inc. $MSGM purchased $119.01K.

• 10% Owner (Uber Technologies, Inc) at Aurora Innovation, Inc. $AUR sold $471.60M (2nd largest sale, out of 2). This decreased their listed holdings by -27%. 1 other insider also sold the stock in the last 30 days.

• Director (FITZPATRICK THOMAS) at Iridium Communications Inc. $IRDM sold $11.25M (2nd largest sale, out of 19). This decreased their listed holdings by -83%. Rip Sell: the stock was up 112% in the previous 6 months. 5 other insiders also sold the stock in the last 30 days.

• Director (PATE WILLIAM) at PAR PACIFIC HOLDINGS, INC. $PARR sold $7.26M (largest sale ever, out of 12). This decreased their listed holdings by -17%. Rip Sell: the stock was up 82% in the previous 6 months. Their last sale was 1100 days ago. 4 other insiders also sold the stock in the last 30 days.

• Executive Chairman at Sotera Health Co $SHC sold $5.45M (4th largest sale, out of 6). This decreased their listed holdings by -20%. 1 other insider also sold the stock in the last 30 days.

• Director (NEUPERT PETER M) at Adaptive Biotechnologies Corp $ADPT sold $3.14M (largest sale ever, out of 3). This decreased their listed holdings by -48%. Rip Sell: the stock was up 96% in the previous 3 months. Their last sale was 525 days ago. 3 other insiders also sold the stock in the last 30 days.

• Secretary & General Counsel at CENTENE CORP $CNC sold $3.11M (largest sale ever, out of 2). This decreased their listed holdings by -13%. Rip Sell: the stock was up 120% in the previous year. Their last sale was 1751 days ago.

• Chief Colleague Exp. Officer at AMERICAN EXPRESS CO $AXP sold $2.97M. This decreased their listed holdings by -41%.

• Chief Legal Officer at Iridium Communications Inc. $IRDM sold $1.67M (largest sale ever, out of 6). This decreased their listed holdings by -20%. Rip Sell: the stock was up 112% in the previous 6 months. Their last sale was 546 days ago. 5 other insiders also sold the stock in the last 30 days.

• President US Business Lines at Jefferson Capital, Inc. / DE $JCAP sold $1.33M (first-ever sale). Rip Sell: the stock was up 36% in the previous 3 months.

• VP & Pres-Fluid Conn. Grp. at Parker-Hannifin Corp $PH sold $1.31M (largest sale ever, out of 5). This decreased their listed holdings by -25%. Rip Sell: the stock was up 20% in the previous 3 months. 6 other insiders also sold the stock in the last 30 days.

• EVP, Chief Info & Digital Off. at WESCO INTERNATIONAL INC $WCC sold $1.25M (3rd largest sale, out of 3). This decreased their listed holdings by -11%. 1 other insider also sold the stock in the last 30 days.

• Chief Supply Chain Officer at Yum China Holdings, Inc. $YUMC sold $1.13M (largest sale ever, out of 3). This decreased their listed holdings by -76%. 1 other insider also sold the stock in the last 30 days.

• Managing Director, Trust at Bank of N.T. Butterfield & Son Ltd $NTB sold $1.01M (first-ever sale). This decreased their listed holdings by -100%. 8 other insiders also sold the stock in the last 30 days.

• and more…

The rest of this email is for premium subscribers only.

CEO Watcher Premium

The rest of this email (including today’s top insider trades + all the charts and data) is for CEO Watcher Premium subscribers only. To see an example of the Premium email, click here.

Upgrade to CEO Watcher Premium at ceowatcher.com to unlock:

• The Premium daily emails

• Full access to the website, which has all insider trades back to 2009. It includes search/filters and the returns of every trade and every insider to help you find the top insider trades

• Full access to the CEO Watcher Premium Discord where I share my notes and holdings in the CEO Watcher Portfolio

• The Premium Dashboard, which has a bunch of charts/tables with insider trading data that is updated each day

If CEO Watcher Premium is not for you, I give full refunds with no questions asked.