CCA, LifePoint execs sell part of holdings
Posted on November 19, 2009 at 1:37 pmRichard Seiter, chief corrections officer at Corrections Corp. of America, on Tuesday sold 4,500 shares of the company for about $113,000. Shares of CCA (Ticker: CXW) have risen about 50 percent in the past six months.
Over at LifePoint, Group President Joné Law Koford pocketed about $155,000 from the sale of almost 5,200 of her shares. Shares of the Brentwood-based hospital chain (Ticker: LPNT) are up about 14 percent since May.
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Leedle crawls under the options wire
Posted on November 12, 2009 at 11:47 am
Healthways CEO Ben Leedle on Tuesday exercised 30,000 options that would have expired this morning. He sold about half of the resulting shares (Ticker: HWAY) at eight times his cost — primarily to cover the tax bill — and has retained almost $250,000 worth of new shares of the disease manager.
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Shmerling adds to HealthStream stake
Posted on November 5, 2009 at 8:32 am
Nashville entrepreneur and HealthStream director Mike Shmerling this week boosted his stake in the online health educaton provider by almost 10 percent. Shmering now owns almost 0.6 percent of all HealthStream shares (Ticker: HSTM), which have risen more than 90 percent this year.
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Tractor Supply director buys the dip
Posted on November 2, 2009 at 8:07 am
Jack Bingleman, a member of Tractor Supply’s board of directors since 2005, on Friday bought more than $110,000 worth of the retailer shares (Ticker: TSCO), which have fallen 15 percent in the past two weeks.
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BioMimetic boss sells more shares
Posted on October 26, 2009 at 7:56 am
BioMimetic president and CEO Sam Lynch last week sold 9,000 shares of the company (Ticker: BMTI) as part of a trading plan. He still owns almost 900,000 shares that are worth more than $11 million.
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Looking for a sign to get out of some Nashville stocks?
Posted on September 21, 2009 at 9:23 am
Like many of their counterparts across the country, local public-company insiders are bailing in decent numbers, suggesting equities as a whole may have trouble holding their ground after the run of the last six months.
Among the latest to sell are Psych Solutions’ Joey Jacobs (see our post from earlier today) and Gaylord Entertainment President David Kloeppel. The latter last Friday sold almost a fifth of the shares he owned, adding about $227,000 to his bank account. Gaylord shares (Ticker: GET) have more than doubled since Independence Day.
Also selling on Friday was Community Health Systems director Mitchell Watson, who unloaded about $170,000 worth of stock. CHS shares (Ticker: CYH) are up 130 percent year to date.
SEE ALSO: Sell! Buy! Sell!, the Economist cover cartoon from 1997 that is partly pictured here.
Joey Jacobs cashes in on PSYS’ long-term gains
Posted on at 7:44 am
When — despite falling more than 20 percent in the past year — shares of the company you lead are still up ninefold since 2003, you’re going to see you fair share of days like last Wednesday: Psychiatric Solutions boss Joey Jacobs last week exercised almost 16,000 options and then sold them as part of a long-term trading plan. Jacobs, who co-founded Psych Solutions in 1997, booked a net gain of more than $400,000. Shares of the company (Ticker: PSYS) have gained an average of 18 percent per year since 2004.
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Cracker Barrel CEO exercises options
Posted on September 15, 2009 at 7:52 amMike Woodhouse, president and CEO of Cracker Barrel Old Country Store, on Monday exercised his nearly expired option to buy almost 17,000 shares and then sold those shares (Ticker: CBRL) on the open market. The transactions netted him almost $300,000.
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AmSurg director sells block of stock
Posted on September 9, 2009 at 9:27 amHenry Herr on Friday unloaded more than $300,000 worth of shares in the surgery center operator (Ticker: AMSG) as part of an arranged trading plan.
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Insider sales flash warning signs
Posted on September 8, 2009 at 7:11 amA piece on the relatively high number of insider stock sales at health care companies (including Community Health Systems) throws out a worrisome statistic about the broader market.
Such sales may also reflect an attempt to time the market. TrimTabs research shows that for stocks in general, the ratio of insider selling to insider buying reached 30.6 in August — the highest since the firm started tracking the data in 2004.
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Psych Solutions exec lightens stock holdings
Posted on at 6:39 amTerrance Bridges, the co-COO at Psychiatric Solutions, on Friday sold a sixth of his holdings in the Franklin-based company, grossing more than $200,000. Shares of Psych Solutions (Ticker: PSYS) have more than doubled since the market’s March lows.
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NHI chief trims stake
Posted on September 2, 2009 at 6:59 amNational Health Investors CEO Andrew Adams last week disposed of more than 15,000 shares in the Murfreesboro-based REIT, grossing him about $516,000. The sale lightened his direct holdings in the company (Ticker: NHI) by about 1.2 percent.
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A new plan for Fritch
Posted on August 31, 2009 at 7:17 amHealthSpring CEO Herb Fritch has signed on for a new 10b5-1 trading plan to gradually trim his stake in the health insurer (Ticker: HS). The shares must be sold above $14.02.
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Gaylord exec sells block of stock
Posted on August 26, 2009 at 2:50 pmMark Fioravanti, treasurer of Gaylord Entertainment, on Monday sold 10,000 shares of the company (Ticker: GET), trimming his stake to 45,000 shares, about half of which are stock grants due to vest in 2012.
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Delek’s majority owner adds to stake
Posted on August 25, 2009 at 6:48 amThe shares of Delek US, which are changing hands at half their May 2006 IPO price, are apparently cheap enough for its parent company to buy more. Delek Group Ltd., which already owns more than 70 percent of Brentwood-based Delek US, bought another 65,000-odd shares of the company (Ticker: DK), spending about $525,000.
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