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Weekly CEO Buys Highlight: MCF, TSLA, WAVX, MDW, MCHX
Posted by: GuruFocus (IP Logged)
Date: October 7, 2012 12:14AM
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:
Contango Oil & Gas Company (MCF): President and Acting CEO John B. Juneau Bought 46,014 Shares
President and Acting CEO of Contango Oil & Gas Company (MCF) John B. Juneau bought 46,014 shares on 10/01/2012 at an average price of $50.89. Contango Oil & Gas is a Houston-based, independent natural gas and oil company. Contango Oil & Gas Company has a market cap of $751.5 million; its shares were traded at about $50.89 with a P/E ratio of 12.9 and P/S ratio of 4.2. Contango Oil & Gas Company had an annual average earnings growth of 81% over the past 5 years.
Joel Greenblatt bought 36,752 shares in the quarter that ended on 06/30/2012, which is 0.16% of the $1.36 billion portfolio of Gotham Capital. Tom Gayner owns 40,500 shares as of 06/30/2012, an increase of 32.79% from the previous quarter. This position accounts for 0.11% of the $2.19 billion portfolio of Markel Gayner Asset Management Corp.
For the three months ending June 30, 2012, natural gas and oil sales from continuing operations were approximately $39.8 million, down from $48.9 million for the three months ending June 30, 2011. Contango had a net income attributable to common stock of approximately $9.3 million, or $0.61 per basic and diluted share, compared to its net income attributable to common stock for the three months ending June 30, 2011, of approximately $17.5 million, or $1.12 per basic and diluted share.
CFO Sergio Castro bought 500 shares of MCF stock on 09/28/2012 at the average price of 49.4. Sergio Castro owns at least 3,500 shares after this. The price of the stock has increased by 3.02% since.
Vice President and Controller Yaroslava Makalskaya bought 250 shares of MCF stock on 10/04/2012 at the average price of 50.77. Yaroslava Makalskaya owns at least 1,375 shares after this. The price of the stock has increased by 0.24% since.
Tesla Motors Inc. (TSLA): CEO, 10% Owner Elon Musk Bought 35,398 Shares
CEO and 10% owner of Tesla Motors Inc. (TSLA) Elon Musk bought 35,398 shares on 10/03/2012 at an average price of $28.89. Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors Inc. has a market cap of $3.1 billion; its shares were traded at about $28.89 with a P/S ratio of 15.2.
Ron Baron bought 55,000 shares in the quarter ending 06/30/2012, which is 0.011% of the $15.83 billion portfolio of Baron Funds. PRIMECAP Management owns 208,190 shares as of 06/30/2012, which accounts for 0.011% of the $59.94 billion portfolio of PRIMECAP Management. John Griffin owns 575,000 shares as of 06/30/2012, which accounts for 0.27% of the $6.63 billion portfolio of Blue Ridge Capital.
CFO Deepak Ahuja sold 10,000 shares of TSLA stock on 07/16/2012 at the average price of 34.5. Deepak Ahuja owns at least 980 shares after this. The price of the stock has decreased by 16.26% since. Other insiders have also increased their positions in the company.
Wave Systems Corp. (WAVX): President/CEO Steven K. Sprague Bought 57,403 Shares
President/CEO of Wave Systems Corp. (WAVX) Steven K Sprague bought 57,403 shares on 09/28/2012 at an average price of $0.98. Wave Systems Corp. is a provider of trusted computing solutions. Wave Systems Corp. has a market cap of $91 million; its shares were traded at about $0.98 with and P/S ratio of 2.5.
In the second quarter of 2012, Wave reported a total net revenue of $7.8 million, including $0.4 million in services revenues and $1.6 million in licensing revenues from its Safend subsidiary. Wave’s second quarter 2012 performance represents an 11% increase over first quarter 2012 total net revenues of $7.0 million, but a 4% decline from total net revenues of $8.1 million in second quarter 2011.
Midway Gold Corp. (MDW): President and CEO Kenneth Arnold Brunk Bought 12,000 Shares
President and CEO of Midway Gold Corp. (MDW) Kenneth Arnold Brunk bought 12,000 shares on 10/03/2012 at an average price of $1.64. 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 $210.4 million; its shares were traded at about $1.64 .
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.
Marchex, Inc. (MCHX): CEO, 10% Owner Russell C. Horowitz Bought 2,500 Shares
CEO, 10% owner of Marchex Inc. (MCHX) Russell C Horowitz bought 2,500 shares on 09/28/2012 at an average price of $3.76. Marchex Inc. provides technology-based services to merchants engaged in online transactions. Marchex, Inc. has a market cap of $144.8 million; its shares were traded at around $3.76 with and P/S ratio of 1. The dividend yield of Marchex, Inc. stocks is 1.6%.
Marchex recently reported its second quarter 2012 financial results. Revenue was $34 million for the second quarter of 2012, compared to $38.8 million for the same period of 2011.
CFO Michael A. Arends bought 1,500 shares of MCHX stock on 05/18/2012 at the average price of 3.26. Michael A. Arends owns at least 482,500 shares after this. The price of the stock has increased by 15.34% since.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Guru Discussed: PRIMECAP Management: Current Portfolio, Stock Picks
Chris Davis: Current Portfolio, Stock Picks
Stocks Discussed: MCF, TSLA, WAVX, MDW, MCHX,