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Weekly CEO Buys Highlight: UAL, SUNS, PKY, MCGC, MPO
Posted by: GuruFocus (IP Logged)
Date: August 18, 2012 06:42PM

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:



United Continental Holdings Inc (UAL): President and CEO Jeffery A Smisek Bought 55,600 Shares

President and CEO of United Continental Holdings Inc (UAL) Jeffery A Smisek bought 55,600 shares on 08/09/2012 at an average price of $18.42. United Continental Holdings, Inc. is in Airlines industry. United Continental Holdings Inc has a market cap of $5.9 billion; its shares were traded at around $18.42 with a P/E ratio of 6.3 and P/S ratio of 0.2.

UAL recently reported second-quarter 2012 net income of $545 million or $1.41 per diluted share, excluding $206 million of net special charges. Including special charges, UAL reported second-quarter 2012 net income of $339 million or $0.89 per diluted share.

George Soros bought 250,000 shares in the quarter that ended on 06/30/2012, which is 0.088% of the $6.92 billion portfolio of Soros Fund Management LLC. Leon Cooperman owns 1,853,846 shares as of 06/30/2012, a decrease of 39.39% of from the previous quarter. This position accounts for 1% of the $4.43 billion portfolio of Omega Advisors. Wilbur Ross owns 140,300 shares as of 06/30/2012, a decrease of 39.6% of from the previous quarter. This position accounts for 0.32% of the $1.08 billion portfolio of Invesco Private Capital.

EVP and CFO John D Rainey bought 13,500 shares of UAL stock on 08/09/2012 at the average price of 18.25. John D Rainey owns at least 37,232 shares after this. The price of the stock has increased by 0.93% since. Other insiders have also increased their positions in the company.

Solar Senior Capital Ltd (SUNS): CEO, President Chn of the Brd Michael S Gross Bought 49,731 Shares

CEO, President Chn of the Brd of Solar Senior Capital Ltd (SUNS) Michael S Gross bought 49,731 shares during the past week at an average price of $17.4. Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. Solar Senior Capital Ltd has a market cap of $165.3 million; its shares were traded at around $17.4 with a P/E ratio of 20.7 and P/S ratio of 21. The dividend yield of Solar Senior Capital Ltd stocks is 7.2%.

SUNS recently reported earnings of $3.6 million, or $0.38 per share, and net investment income of $3.4 million, or $0.36 per share, for the quarter ended June 30, 2012. Net asset value (NAV) per share increased to $18.54, from $18.15 at December 31, 2011.

CFO, Secretary and Treasurer Richard Peteka bought 1,487 shares of SUNS stock on 05/31/2012 at the average price of 16.45. Richard Peteka owns at least 6,250 shares after this. The price of the stock has increased by 5.78% since. Other insiders have decreased their positions in the company.

Parkway Properties Inc (PKY): President and CEO James R Heistand Bought 25,000 Shares

President and CEO of Parkway Properties Inc (PKY) James R Heistand bought 25,000 shares on 08/14/2012 at an average price of $11.5. Parkway Properties, Inc. is a self-administered, self-managed real estate investment trust specializing in the acquisition, ownership, management,financing and leasing of office properties in the Southeastern United States and Texas. Parkway Properties Inc has a market cap of $315.3 million; its shares were traded at around $11.5 with a P/E ratio of 5.6 and P/S ratio of 1.9. The dividend yield of Parkway Properties Inc stocks is 2.6%.

Parkway Properties recently reported its second quarter 2012 financial results. Funds from operations available to common shareholders totaled $7.9 million, or $0.32 per diluted share for the second quarter 2012, as compared to $1.7 million, or $0.08 per diluted share, for the prior year period. Recurring FFO totaled $9.3 million, or $0.38 per diluted share for the second quarter 2012, as compared to $12.7 million, or $0.59 per diluted share, for the prior year period.

Director Charles T Cannada bought 10,000 shares of PKY stock on 05/09/2012 at the average price of 10.97. Charles T Cannada owns at least 22,663 shares after this. The price of the stock has increased by 4.83% since. Other insiders have also increased their positions in the company.

MCG Capital Corporation (MCGC): CEO Richard W Neu Bought 48,432 Shares

CEO of MCG Capital Corporation (MCGC) Richard W Neu bought 48,432 shares on 08/09/2012 at an average price of $4.5. MCG Capital Corporation is a solutions-focused financial services firm that primarily provides capital to support the internal growth and corporate development initiatives of small-to medium-sized private companies in the media, communications, and technology sectors in the United States. Mcg Capital Corporation has a market cap of $358.5 million; its shares were traded at around $4.5 with a P/E ratio of 14.6 and P/S ratio of 4.2. The dividend yield of Mcg Capital Corporation stocks is 12%.

MCG recently reported its second quarter 2012 financial results. Net operating income, or NOI, was $5.6 million, or $0.07 per share. Net loss was $7.0 million, or $0.09 per share.

Director Gavin Saitowitz sold 200,000 shares of MCGC stock on 08/16/2012 at the average price of 4.6. Gavin Saitowitz owns at least 616,000 shares after this. The price of the stock has decreased by 2.17% since. Other insiders have also decreased their positions in the company.

Midstates Petroleum Company Inc (MPO): President and CEO John A Crum Bought 25,000 Shares

President and CEO of Midstates Petroleum Company Inc (MPO) John A Crum bought 25,000 shares on 08/16/2012 at an average price of $7.9. Midstates Petroleum Company, Inc. is engaged in the exploration and development of oil and natural gas properties in central Louisiana. Midstates Petroleum Company Inc has a market cap of $531.5 million; its shares were traded at around $7.9 .

Corporate Counsel & Secretary John P. Foley bought 13,000 shares of MPO stock on 08/16/2012 at the average price of 7.52. John P. Foley owns at least 602,737 shares after this. The price of the stock has increased by 5.05% since.




Guru Discussed: George Soros: Current Portfolio, Stock Picks
Leon Cooperman: Current Portfolio, Stock Picks
Stocks Discussed: UAL, SUNS, PKY, MCGC, MPO,
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