If there was ever a way to determine what time it is on Wall Street, just take a glance at insider activity. With first-quarter earnings reporting season in full swing, the window for buyers and sellers of stocks are slamming shut as companies release the quarter results to the financial press and media. While not everybody reports on a standard calendar year, the lion’s share of companies do, so the insider action becomes very quiet.

We cover insider buying every week at 24/7 Wall St., and for most of this year insider buying has remained very consistent, which is a good overall sign for the stock markets. Insiders who continue to buy the stock of the companies they represent and work for is very bullish.

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Here is this week’s shortened list of insider buying.

EV Energy Partners L.P. (NASDAQ: EVEP) had a very significant insider buy a big block of stock this week, and shareholders will be encouraged. The executive chairman of the company scooped up 300,000 shares of the company stock at prices that ranged from $13.92 to $14.36. That cost him a rich $4.28 million. The stock was trading on Friday’s close at $16.42, so a very well-timed purchase.

Famous Dave’s of America Inc. (NASDAQ: DAVE) hits our screens for the second week in a row, as 10% owner LionEye Capital Management returned to the buy desk and bought an additional 21,000 shares at prices that ranged from $27.69 to $28.76. The total buy came to $595,000. The company develops, owns, operates and franchises restaurants under the Famous Dave’s name. The stock ended trading Friday at $28.94, so another good buy.

Calamos Asset Management Inc. (NASDAQ: CLMS) had somebody right at the top buying stock this past week. The chief executive of the money management firm bought 25,000 shares of the company stock at prices that ranged from $12.45 to $12.50. The total buy came to $311,000. Shares were changing hands at $12.44 on Friday’s close.

Alico Inc. (NASDAQ: ALCO) shows up again this week. Delta Offshore Management II bought an additional 12,000 shares of the very thinly traded stock this week at prices between $50.79 and $51.79. The total for the purchase came to $627,000. Alico, together with its subsidiaries, operates as an agribusiness and land management company in the United States. Shares ended the week at $49.61.

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While this week and the rest of the month may be slow, investors can bet that when the buying and selling windows open up again, the volume will pick back up smartly.