Welcome to edition 249 of Insider Weekends. Insider buying declined sharply last week with insiders buying $27.48 million of stock compared to $148.24 million in the week prior. Selling also decreased with insiders selling $1.37 billion of stock last week compared to $1.51 billion in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 49.92. In other words, insiders sold almost 50 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 10.16. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Insider Sell Buy Ratio March 27, 2015
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Patriot National, Inc. (PN): $13.39
President and Chief Executive Officer Steven M. Mariano acquired 255,816 shares of this insurance industry services provider, paying $13.58 per share for a total amount of $3.48 million. These shares were purchased indirectly through a corporation.
You can view the list of recent insider transactions for Patriot National, Inc. here.
| P/E: 21.6 | Forward P/E: 11.07 | Industry P/E: 23.12 |
| P/S: 2.46 | Price/Book: N/A | EV/EBITDA: 15.02 |
| Market Cap: $242.02M | Avg. Daily Volume: 205,104 | 52 Week Range: $11.02 – $14.37 |
2. Frank’s International N.V. (FI): $17.72
Chairman of the Supervisory Board, Director and Executive Chairman D. Keith Mosing acquired 57,000 shares of this provider of  engineered tubular services to the energy industry, paying $17.71 per share for a total amount of $1 million. Mr. Mosing increased his stake by 12.58% to 510,187 shares with this purchase.
