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Weekly CEO Buys Highlight: Dynex Capital Inc, Helix Energy Solutions Group Inc, Superior Energy Services Inc, Covance Inc, Thermo Fisher Scientific Inc.

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Last week’s top five stocks that were bought by their CEOs were Dynex Capital Inc, Helix Energy Solutions Group Inc, Superior Energy Services Inc, Covance Inc, and Thermo Fisher Scientific Inc. According to [url=http://www.gurufocus.com/InsiderBuy.php]GuruFocus Insider Data[/url], these are the largest CEO buys during the past week.

Dynex Capital Inc. (DX): Chairman and CEO, 10% Owner Thomas B Akin Bought 150,000 Shares

Chairman and CEO, 10% Owner of Dynex Capital Inc. (DX) Thomas B Akin bought 150,000 shares on 07/29/2010 at an average price of $9.98. Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Dynex Capital Inc. has a market cap of $151.5 million; its shares were traded at around $9.98 with a P/E ratio of 7.9 and P/S ratio of 4.1. The dividend yield of Dynex Capital Inc. stocks is 9.2%.

Dynex Capital recently reported diluted earnings per common share of $0.38 for the second quarter of 2010 versus $0.25 for the second quarter of 2009. The Company also reported book value per common share of $9.80 at June 30, 2010 versus $9.40 at March 31, 2010 and $9.08 at December 31, 2009.

Buy: EVP, COO and CFO Stephen J Benedetti bought 3,000 shares of DX stock on 07/29/2010 at the average price of 9.43. Stephen J Benedetti owns at least 50,088 shares after this. The price of the stock has increased by 5.83% since. Other insiders have also increased their positions in the company.

Helix Energy Solutions Group Inc. (HLX): PRESIDENT & CEO Owen E Kratz Bought 103,500 Shares

PRESIDENT & CEO of Helix Energy Solutions Group Inc. (HLX) Owen E Kratz bought 103,500 shares on 08/02/2010 at an average price of $10.64. Helix Energy Solutions Group Inc., is a marine contractor and operator of offshore oil and gas properties and production facilities. Helix Energy Solutions Group Inc. has a market cap of $1.11 billion; its shares were traded at around $10.64 with a P/E ratio of 53.3 and P/S ratio of 0.8. Helix Energy Solutions Group Inc. had an annual average earning growth of 27.9% over the past 10 years. GuruFocus rated Helix Energy Solutions Group Inc. the business predictability rank of 3-star.

HLX recently reported a net loss of $85.6 million, or $(0.82) per diluted share, for the second quarter of 2010 compared with net income of $100.2 million, or $0.94 per diluted share, for the same period in 2009, and a net loss of $17.9 million, or $(0.17) per diluted share, in the first quarter of 2010. The net loss for the six months ended June 30, 2010 was $103.4 million, or $(1.00) per diluted share, compared with net income of $153.7 million, or $1.44 per diluted share, for the six months ended June 30, 2009.

Ronald Muhlenkamp bought 203,585 shares in the quarter that ended on 03/31/2010, which is 0.34% of the $776 million portfolio of Muhlenkamp Fund. George Soros bought 15,900 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.



Buy: Senior VP-Finance & CAO Lloyd A Hajdik bought 1,000 shares of HLX stock on 05/10/2010 at the average price of 13.85. Lloyd A Hajdik owns at least 53,349 shares after this. The price of the stock has decreased by 23.18% since. Other insiders have decreased their positions in the company.

Superior Energy Services Inc. (SPN): CEO David D Dunlap Bought 37,500 Shares

CEO of Superior Energy Services Inc. (SPN) David D Dunlap bought 37,500 shares on 08/03/2010 at an average price of $24.19. SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf ofMexico, the development, manufacture and sale of electronic torque andpressure control equipment and thread protectors which are used inconnection with oil and gas exploration, the development, manufacture andsale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools. Superior Energy Services Inc. has a market cap of $1.9 billion; its shares were traded at around $24.19 with a P/E ratio of 19 and P/S ratio of 1.3. Superior Energy Services Inc. had an annual average earning growth of 20.1% over the past 10 years. GuruFocus rated Superior Energy Services Inc. the business predictability rank of 4-star.

SPN recently announced net income of $24.1 million, or $0.30 per diluted share on revenue of $424.9 million for the second quarter of 2010, and adjusted net income of $34.6 million, or $0.43 per diluted share, after excluding pre-tax management transition expenses of $16.4 million.

David Dreman owns 1,281,283 shares as of 03/31/2010, which accounts for 0.64% of the $4.24 billion portfolio of Dreman Value Management. George Soros sold out his holdings in the quarter that ended on 03/31/2010.

Buy: Director James M Funk bought 1,000 shares of SPN stock on 06/03/2010 at the average price of 20.25. James M Funk owns at least 3,000 shares after this. The price of the stock has increased by 19.46% since.

Covance Inc. (CVD): Chairman and CEO Joseph L Herring Bought 20,000 Shares

Chairman and CEO of Covance Inc. (CVD) Joseph L Herring bought 20,000 shares on 08/02/2010 at an average price of $41.62. Covance Inc. is a contract research organization providing a widerange of product development services on a worldwide basis to thepharmaceutical, biotechnology and medical device industries. Covance Inc. has a market cap of $2.69 billion; its shares were traded at around $41.62 with a P/E ratio of 17.4 and P/S ratio of 1.3. Covance Inc. had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated Covance Inc. the business predictability rank of 3-star.

Covance recently reported earnings per diluted share for its second quarter ended June 30, 2010 of $0.49, including $0.09 of facility rationalization and other cost reduction actions during the second quarter, versus $0.60 in the first quarter of 2010 and $0.67 in the second quarter of 2009.

Ron Baron owns 3,174,254 shares as of 03/31/2010, which accounts for 1.27% of the $15.33 billion portfolio of Baron Funds.

Buy: Corporate Sr. Vice President William E Klitgaard bought 2,500 shares of CVD stock on 08/02/2010 at the average price of 38.59. William E Klitgaard owns at least 41,091 shares after this. The price of the stock has increased by 7.85% since. There are mixed trades from other insiders.

Thermo Fisher Scientific Inc. (TMO): CEO Marc N Casper Bought 5,000 Shares

CEO of Thermo Fisher Scientific Inc. (TMO) Marc N Casper bought 5,000 shares on 08/05/2010 at an average price of $45.77. Thermo Fisher Scientific is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. Thermo Fisher Scientific Inc. has a market cap of $18.78 billion; its shares were traded at around $45.77 with a P/E ratio of 13.7 and P/S ratio of 1.8. Thermo Fisher Scientific Inc. had an annual average earning growth of 10.8% over the past 10 years.

TMO recently reported its second quarter results. EPS grew 14% in 2010 to a second quarter record of $0.84, versus $0.74 in the 2009 quarter. Adjusted operating income for the 2010 quarter increased 11% versus 2009 results, and adjusted operating margin increased to 17.6%, compared with 16.8% in the 2009 period. GAAP diluted EPS was also a second quarter record at $0.57 in 2010, versus $0.49 in the year-ago period. GAAP operating income for the 2010 quarter was $312 million, compared with $259 million in 2009, and GAAP operating margin was 11.8%, compared with 10.4% a year ago.

Arnold Van Den Berg bought 30,665 shares in the quarter that ended on 06/30/2010, which is 0.13% of the $1.13 billion portfolio of Century Management.George Soros owns 335,450 shares as of 03/31/2010, an increase of 45.47% from the previous quarter. This position accounts for 0.26% of the $6.73 billion portfolio of Soros Fund Management LLC. Dodge & Cox owns 262,922 shares as of 03/31/2010, a decrease of 82.98% of from the previous quarter.

Sell: Senior Vice President Kenneth Berger sold 14,850 shares of TMO stock on 06/01/2010 at the average price of 51.5. Kenneth Berger owns at least 35,843 shares after this. The price of the stock has decreased by 11.13% since. Other insiders have also decreased their positions in the company.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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