Last week's top five stocks that were bought by their CEOs were Eagle Bancorp Inc, State Bancorp Inc, Electronics for Imaging Inc, Piper Jaffray Companies, and Pinnacle Entertainment Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
EGVN recently announced net income of $3.4 million for the quarter ended June 30, 2010, a 30% increase over the $2.7 million for the quarter ended June 30, 2009. Net income available to common shareholders was $3.1 million ($0.16 per basic common share and $0.15 per diluted common share) for the quarter ended June 30, 2010, compared to $2.1 million ($0.16 per basic and diluted common share) for the quarter ended June 30, 2009, a 52% increase.
Buy: Director Neal R Gross bought 5,000 shares of EGBN stock on 07/28/2010 at the average price of 10.9. Neal R Gross owns at least 873,097 shares after this. The price of the stock has increased by 6.06% since. Other insiders have also increased their positions in the company.
STBC recently reported net income of $1.7 million, or $0.07 per diluted common share, for the second quarter of 2010 compared with net income of $1.1 million, or $0.04 per diluted common share, a year ago. The 54.8% increase in 2010 second quarter earnings was primarily attributable to a $2.1 million increase in net gains on sales of securities, an $869 thousand increase in net interest income as a result of an improved margin and a $353 thousand reduction in operating expenses.
Buy: Director Andrew J Simons bought 1,500 shares of STBC stock on 07/22/2010 at the average price of 8.97. Andrew J Simons owns at least 1,600 shares after this. The price of the stock has increased by 6.8% since. Other insiders have also increased their positions in the company.
EFII recently reported its second quarter 2010 results. The Company reported revenues of $119.1 million, compared to second quarter 2009 revenue of $90.1 million. GAAP net loss was $(2.5) million or $(0.06) per diluted share in the second quarter of 2010, compared to GAAP net loss of $(13.3) million or $(0.27) per diluted share for the same period in 2009.
TÂÂhird Avenue Management owns 3,996,379 shares as of 03/31/2010, which accounts for 0.87% of the $5.36 billion portfolio of Third Avenue Management. Charles Brandes owns 24,500 shares as of ÂÂ03/31/2010, a decrease of 22.51% of from the previous quarter. This position accounts for less than 0.01% of the $18.64 billion portfolio of Brandes Investment.
PJC recently announced net income of $7.4 million, or $0.36 per diluted common share, for the second quarter ended June 30, 2010, compared to net income of $11.6 million, or $0.59 per diluted common share, for the second quarter of 2009 and net income of $0.5 million, or $0.03 per diluted common share, for the first quarter of 2010. Second quarter 2010 net revenues were $127.7 million, compared to $132.3 million in the year-ago period, and $109.6 million for the first quarter of 2010.
John Keeley owns 560,000 shares as of 03/31/2010, which accounts for 0.34% of the $6.62 billion portfolio of Keeley Fund Management.
Buy: Chief Administrative Officer Ronald T Firebaugh bought 3,500 shares of PJC stock on 07/23/2010 at the average price of 28.09. Ronald T Firebaugh owns at least 40,991 shares after this. The price of the stock has increased by 11.04% since. There are mixed trades from other insiders.
Revenues in the second quarter of 2010 increased 8.4% to $274 million from $252 million in the second quarter a year ago. Consolidated Adjusted EBITDA in the 2010 second quarter increased 5.5% to $49.4 million, inclusive of approximately $2.8 million for severance and corporate office consolidation costs. Consolidated Adjusted EBITDA was $46.8 million in the prior-year period.
George Soros bought 14,100 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC.
Sell: Exec. Vice Pres. & CFO Stephen H Capp sold 8,000 shares of PNK stock on 05/18/2010 at the average price of 13.9. Stephen H Capp owns at least 12,110 shares after this. The price of the stock has decreased by 21.94% since. There are mixed trades from other insiders.
Eagle Bancorp Inc. (EGBN, Financial): President/CEO Ronald D Paul Bought 80,000 Shares
President/CEO of Eagle Bancorp Inc. (EGBN) Ronald D Paul bought 80,000 shares on 07/27/2010 at an average price of $11.56. EAGLE BANCORP is the holding company for EagleBank. Eagle Bancorp Inc. has a market cap of $227 million; its shares were traded at around $11.56 with a P/E ratio of 19.6 and P/S ratio of 2.4.EGVN recently announced net income of $3.4 million for the quarter ended June 30, 2010, a 30% increase over the $2.7 million for the quarter ended June 30, 2009. Net income available to common shareholders was $3.1 million ($0.16 per basic common share and $0.15 per diluted common share) for the quarter ended June 30, 2010, compared to $2.1 million ($0.16 per basic and diluted common share) for the quarter ended June 30, 2009, a 52% increase.
Buy: Director Neal R Gross bought 5,000 shares of EGBN stock on 07/28/2010 at the average price of 10.9. Neal R Gross owns at least 873,097 shares after this. The price of the stock has increased by 6.06% since. Other insiders have also increased their positions in the company.
State Bancorp Inc. (STBC, Financial): President & CEO Thomas M Obrien Bought 25,000 Shares
President & CEO of State Bancorp Inc. (STBC) Thomas M Obrien bought 25,000 shares on 07/26/2010 at an average price of $9.58. State Bancorp, Inc. is a bank holding company for the State Bank of Long Island and has no other subsidiaries. State Bancorp Inc. has a market cap of $159.2 million; its shares were traded at around $9.58 with and P/S ratio of 2. The dividend yield of State Bancorp Inc. stocks is 2.1%.STBC recently reported net income of $1.7 million, or $0.07 per diluted common share, for the second quarter of 2010 compared with net income of $1.1 million, or $0.04 per diluted common share, a year ago. The 54.8% increase in 2010 second quarter earnings was primarily attributable to a $2.1 million increase in net gains on sales of securities, an $869 thousand increase in net interest income as a result of an improved margin and a $353 thousand reduction in operating expenses.
Buy: Director Andrew J Simons bought 1,500 shares of STBC stock on 07/22/2010 at the average price of 8.97. Andrew J Simons owns at least 1,600 shares after this. The price of the stock has increased by 6.8% since. Other insiders have also increased their positions in the company.
Electronics for Imaging Inc. (EFII, Financial): CEO Guy Gecht Bought 15,000 Shares
CEO of Electronics for Imaging Inc. (EFII) Guy Gecht bought 15,000 shares on 07/28/2010 at an average price of $10.65. Electronics for Imaging, Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. Electronics For Imaging Inc. has a market cap of $482.2 million; its shares were traded at around $10.65 with and P/S ratio of 1.1.EFII recently reported its second quarter 2010 results. The Company reported revenues of $119.1 million, compared to second quarter 2009 revenue of $90.1 million. GAAP net loss was $(2.5) million or $(0.06) per diluted share in the second quarter of 2010, compared to GAAP net loss of $(13.3) million or $(0.27) per diluted share for the same period in 2009.
TÂÂhird Avenue Management owns 3,996,379 shares as of 03/31/2010, which accounts for 0.87% of the $5.36 billion portfolio of Third Avenue Management. Charles Brandes owns 24,500 shares as of ÂÂ03/31/2010, a decrease of 22.51% of from the previous quarter. This position accounts for less than 0.01% of the $18.64 billion portfolio of Brandes Investment.
Piper Jaffray Companies (PJC, Financial): Chairman and CEO Andrew S Duff Bought 5,000 Shares
Chairman and CEO of Piper Jaffray Companies (PJC) Andrew S Duff bought 5,000 shares on 07/22/2010 at an average price of $31.19. Piper Jaffray Companies is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. Piper Jaffray Companies has a market cap of $647.5 million; its shares were traded at around $31.19 with a P/E ratio of 18 and P/S ratio of 1.4.PJC recently announced net income of $7.4 million, or $0.36 per diluted common share, for the second quarter ended June 30, 2010, compared to net income of $11.6 million, or $0.59 per diluted common share, for the second quarter of 2009 and net income of $0.5 million, or $0.03 per diluted common share, for the first quarter of 2010. Second quarter 2010 net revenues were $127.7 million, compared to $132.3 million in the year-ago period, and $109.6 million for the first quarter of 2010.
John Keeley owns 560,000 shares as of 03/31/2010, which accounts for 0.34% of the $6.62 billion portfolio of Keeley Fund Management.
Buy: Chief Administrative Officer Ronald T Firebaugh bought 3,500 shares of PJC stock on 07/23/2010 at the average price of 28.09. Ronald T Firebaugh owns at least 40,991 shares after this. The price of the stock has increased by 11.04% since. There are mixed trades from other insiders.
Pinnacle Entertainment Inc. (PNK): President and CEO Anthony Michael Sanfilippo Bought 6,250 Shares
President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 6,250 shares on 07/26/2010 at an average price of $10.85. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment Inc. has a market cap of $656.8 million; its shares were traded at around $10.85 with and P/S ratio of 0.7.Revenues in the second quarter of 2010 increased 8.4% to $274 million from $252 million in the second quarter a year ago. Consolidated Adjusted EBITDA in the 2010 second quarter increased 5.5% to $49.4 million, inclusive of approximately $2.8 million for severance and corporate office consolidation costs. Consolidated Adjusted EBITDA was $46.8 million in the prior-year period.
George Soros bought 14,100 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC.
Sell: Exec. Vice Pres. & CFO Stephen H Capp sold 8,000 shares of PNK stock on 05/18/2010 at the average price of 13.9. Stephen H Capp owns at least 12,110 shares after this. The price of the stock has decreased by 21.94% since. There are mixed trades from other insiders.
