CEO of Data Center REIT Purchases Shares After Massive Dividend Increase, High-Ranked Executive at U.S. Industrial Conglomerate Sells Shares After Acquisition Announcement, Plus Other Insider Trading

Insider at Liquid Petroleum Products Pipeline Operator Buys Some Shares

One member of the boardroom of Buckeye Partners L.P. (NYSE:BPL)’s general partner piled up a few shares this week as well. Martin A. White, a director of the master limited partnership’s general partner Buckeye GP LLC, bought 3,938 limited partner units on Monday at a cost of $63.00 per unit. After the recent purchase, Mr. White currently owns an aggregate of 19,242 units.

Buckeye Partners L.P. (NYSE:BPL) owns and operates a network of integrated assets providing midstream logistic solutions, mainly consisting of transportation, storage and marketing of liquid petroleum products. In late October, the midstream company agreed to acquire a 50% equity interest in marine terminal company VTTI B.V. for $1.15 billion. VTTI B.V. will be jointly owned with Vitol, the world’s largest oil trader, and its investment vehicle. According to a fresh statement issued by Buckeye Partners, VTTI is one of the largest independent global marine terminal businesses that owns and operates around 54 million barrels of petroleum products storage through 13 terminals globally. The midstream company has seen the value of its units drop by 4% this year. Jim Simons’ Renaissance Technologies LLC had around 329,000 shares of Buckeye Partners L.P. (NYSE:BPL) in its portfolio at the end of September.

Board Member of Provider of Internet-Based Mailing and Shipping Solutions Discards Shares

A member of Stamps.com Inc. (NASDAQ:STMP)’s Board of Directors offloaded a sizeable block of shares earlier this week. Board member Lloyd I. Miller III filed Tuesday to disclose the sale of 50,000 shares at a price of $108.00 per share, a block held indirectly by Milfam II L.P. that currently owns an aggregate of 153,915 shares. Mr. Miller also holds a direct ownership stake of 195,669 shares, along with additional shares held indirectly through various entities and trust accounts.

The shares of the provider of Internet-based mailing and shipping solutions are up a little less than 1% this year, after gaining 17% in the past six months. Stamps.com Inc. (NASDAQ:STMP) enjoyed a sharp increase in sales in the third quarter, reflecting the successful integration of its recent string of acquisitions. In early July, the company completed the acquisition of ShippingEasy, a Texas-based company that offers web-based multi-carrier shipping software enabling online retailers and e-commerce merchants to organize, process, fulfill and ship their orders quickly, for around $55 million. Stamps.com’s revenue for the third quarter totaled $92.6 million, up 79% year-over-year. There were 31 hedge funds from our system with long positions in Stamps.com at the end of the third quarter, up from 27 funds at the end of the second quarter. Peter S. Park’s Park West Asset Management added a 480,000-share stake in Stamps.com Inc. (NASDAQ:STMP) to its pool of holdings during the third quarter.

The final page of this insider trading article will discuss more insider selling activity reported with the U.S. securities regulator on Tuesday.