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Weekly CEO Buys Highlight: NIHD, RENT, VTNC, MDW
Posted by: GuruFocus (IP Logged)
Date: September 24, 2012 09:29AM
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:
NII Holdings Inc. (NIHD): CEO Steven P. Dussek Bought 42,402 Shares
CEO of NII Holdings Inc. (NIHD) Steven P. Dussek bought 42,402 shares on 09/19/2012 at an average price of $8.34. NII Holdings, formerly known as Nextel International, is one of the world's providers of fully integrated wireless communication services designed to meet the needs of business customers in selected international markets. NII Holdings Inc. has a market cap of $1.18 billion; its shares were traded at around $8.34 with and P/S ratio of 0.2. NII Holdings Inc. had an annual average earnings growth of 22.2% over the past 10 years.
NII Holdings recently announced its consolidated financial results for the second quarter of 2012. During the quarter, the company added 235,000 net subscribers to its network, a 14 percent increase compared to the subscriber base as of June 30, 2011. Financial results for the quarter included consolidated operating revenues of $1.5 billion
Mario Gabelli owns 1,862,600 shares as of 06/30/2012, which accounts for 0.14% of the $13.31 billion portfolio of GAMCO Investors. Joel Greenblatt owns 73,348 shares as of 06/30/2012, a decrease of 46.71% of from the previous quarter. This position accounts for 0.055% of the $1.36 billion portfolio of Gotham Capital. Ron Baron owns 41,000 shares as of 06/30/2012, a decrease of 85.89% of from the previous quarter. This position accounts for 0.0026% of the $15.83 billion portfolio of Baron Funds.
Rentrak Corporation (RENT): CEO William Paul Livek Bought 5,000 Shares
CEO of Rentrak Corporation (RENT) William Paul Livek bought 5,000 shares on 09/18/2012 at an average price of $16.9. Rentrak is the premier provider of consumer viewership information by precisely measuring TV and movies everywhere through proprietary intelligence and technology. Rentrak Corporation has a market cap of $194.9 million; its shares were traded at around $16.9 with and P/S ratio of 2.1.
Rentrak recently reported its second quarter 2012 financial results. Consolidated revenue for the first quarter of fiscal 2013 rose to $23.2 million, from $22.4 million for the same period last year.
Jean-Marie Eveillard owns 430,617 shares as of 06/30/2012, which accounts for 0.035% of the $25.72 billion portfolio of First Eagle Investment Management LLC.
Vitran Corporation Inc. (USA) (VTNC): President and CEO Rick Gaetz Bought 13,683 Shares
President & CEO of Vitran Corporation Inc. (USA) (VTNC) Rick Gaetz bought 13,683 shares on 09/19/2012 at an average price of $5.36. Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services. Vitran Corporation Inc. (usa) has a market cap of $62.4 million; its shares were traded at around $5.36 with and P/S ratio of 0.1.
Vitran reported a 2% increase in revenue to $213.1 million for the quarter ended June 30, 2012compared to $208.9 million for second quarter of 2011. Adjusting for the impact of foreign exchange on Vitran's Canadian operations, consolidated revenue increased 3.3% in the comparable second quarters.
Vice President and CFO Fayaz Diamond Suleman bought 5,000 shares of VTNC stock on 09/20/2012 at the average price of $4.8. Fayaz Diamond Suleman owns at least 5,000 shares after this. The price of the stock has increased by 11.67% since. Other insiders have also increased their positions in the company.
Midway Gold Corp. (MDW): President and CEO Kenneth Arnold Brunk Bought 26,000 Shares
President and CEO of Midway Gold Corp. (MDW) Kenneth Arnold Brunk bought 26,000 shares on 09/19/2012 at an average price of $1.61. Midway Gold Corp. is a precious metals company with a vision to explore, design, build, and operate gold mines. Midway Gold Corp. has a market cap of $181.6 million; its shares were traded at around $1.61 .
Chris Davis owns 25,000 shares as of 06/30/2012, which accounts for less than 0.01% of the $43.07 billion portfolio of Davis Selected Advisers.
Celsion Corporation (CLSN): CEO Michael H. Tardugno Bought 5,000 Shares
CEO of Celsion Corporation (CLSN) Michael H. Tardugno bought 5,000 shares on 09/14/2012 at an average price of $5.81. Celsion is dedicated to the development and commercialization of oncology drugs including tumor-targeting treatments using focused heat energy in combination with heat activated drug delivery systems. Celsion Corporation has a market cap of $158.8 million; its shares were traded at around $5.81 with and P/S ratio of 79.4.
For the quarter ended June 30, 2012, Celsion reported a net loss of $6.1 million, or $0.18 per share, compared to a net loss of $6.9 million, or $0.42 per share, in the same period of 2011. For the six months ended June 30, 2012, Celsion reported a net loss of $12.3 million, or $0.37 per share, compared to a net loss of $10.7 million, or $0.72 per share, in the same period of 2011.
Director Robert W. Hooper bought 10,000 shares of CLSN stock on 09/10/2012 at the average price of $4.95. Robert W. Hooper owns at least 78,427 shares after this. The price of the stock has increased by 17.37% since. Other insiders have also increased their positions in the company.
Guru Discussed: Chris Davis: Current Portfolio, Stock Picks
Jean-Marie Eveillard: Current Portfolio, Stock Picks
Stocks Discussed: NIHD, RENT, VTNC, MDW,