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Weekly CEO Buys Highlight: Consolidated Graphics Inc, Saul Centers Inc, Emeritus Corp, CONTINENTAL RESRCES, Bank of America Corp.

Weekly CEO Buys Highlight: CGX, BFS, ESC, CLR, BAC

August 28, 2010 | About:

Last week’s top five stocks that were bought by their CEOs were Consolidated Graphics Inc, Saul Centers Inc, Emeritus Corp, CONTINENTAL RESRCES, and Bank of America Corp.

According to [url=http://www.gurufocus.com/InsiderBuy.php]GuruFocus Insider Data[/url], these are the largest CEO buys during the past week.

Consolidated Graphics Inc. (NYSE:CGX): CEO & Chairman of the Board, 10% Owner Joe R Davis Bought 145,821 Shares

CEO & Chairman of the Board, 10% Owner of Consolidated Graphics Inc. (NYSE:CGX) Joe R Davis bought 145,821 shares on 08/26/2010 at an average price of $41.82. Consolidated Graphics provides general commercial printing services. Consolidated Graphics Inc. has a market cap of $469.5 million; its shares were traded at around $41.82 with a P/E ratio of 17.8 and P/S ratio of 0.4.

CGX recently reported its second quarter results. Revenue for the June quarter was $236.7 million, a 4.8% increase compared to the prior year quarter. The increase was due to 2.3% growth in same-store sales combined with the impact of higher election-related sales and an acquisition. As a result of the growth in sales and the benefit of prior year cost reductions, Adjusted Operating Income for the June 2010 quarter improved to $9.7 million, or 4.1% of revenue, from $2.4 million, or 1.0% of revenue, for the same quarter last year.

Buy: CFO & Accounting Officer Jon C Biro bought 10,000 shares of CGX stock on 08/26/2010 at the average price of 37.68. Jon C Biro owns at least 15,000 shares after this. The price of the stock has increased by 10.99% since.

Saul Centers Inc. (NYSE:BFS): CEO, 10% Owner B Francis Saul Ii Bought 125,939 Shares

CEO, 10% Owner of Saul Centers Inc. (NYSE:BFS) B Francis Saul Ii bought 125,939 shares during the past week at an average price of $42.47. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $774.4 million; its shares were traded at around $42.47 with and P/S ratio of 4.8. The dividend yield of Saul Centers Inc. stocks is 3.4%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.

BFS recently reported its second quarter results. Total revenue for the three months ended June 30, 2010 increased 1.8% to $40,121,000 compared to $39,416,000 for the three months ended June 30, 2009. Operating income increased 1.4% to $10,717,000 for the 2010 Quarter compared to $10,574,000 for the 2009 Quarter.

Sell: Sr. Vice President-Leasing Christopher Netter sold 4,000 shares of BFS stock on 04/08/2010 at the average price of 41.42. Christopher Netter owns at least 625 shares after this. The price of the stock has increased by 2.54% since. Other insiders have also decreased their positions in the company.

Emeritus Corp (NYSE:ESC): Chairman & Co-CEO, 10% Owner Daniel R Baty Bought 50,000 Shares

Chairman & Co-CEO, 10% Owner of Emeritus Corp (NYSE:ESC) Daniel R Baty bought 50,000 shares on 08/19/2010 at an average price of $17.23. Emeritus is one of the largest and most experienced national operators ofassisted living residential communities. Emeritus Corp has a market cap of $676.9 million; its shares were traded at around $17.23 with and P/S ratio of 0.9. Emeritus Corp had an annual average earning growth of 14.2% over the past 10 years.

Arnold Schneider owns 212,125 shares as of 06/30/2010, an increase of 67.09% from the previous quarter. This position accounts for 0.23% of the $1.52 billion portfolio of Schneider Capital Management. Ron Baron owns 1,531,000 shares as of 06/30/2010, which accounts for 0.18% of the $14.08 billion portfolio of Baron Funds. John Keeley owns 390,000 shares as of 06/30/2010, which accounts for 0.11% of the $5.56 billion portfolio of Keeley Fund Management.

Sell: EVP Operations & COO James C A Hyatt sold 17,006 shares of ESC stock on 06/11/2010 at the average price of 17.28. James C A Hyatt owns at least 3,250 shares after this. The price of the stock has decreased by 0.29% since.

CONTINENTAL RESRCES (NYSE:CLR): CEO & Chairman, 10% Owner Harold Hamm Bought 10,000 Shares

CEO & Chairman, 10% Owner of CONTINENTAL RESRCES (NYSE:CLR) Harold Hamm bought 10,000 shares on 08/25/2010 at an average price of $40.93. CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. Continental Resrces has a market cap of $6.96 billion; its shares were traded at around $40.93 with a P/E ratio of 28 and P/S ratio of 11.1.

Continental Resources recently reported net income of $101.7 million, or $0.60 per diluted share, for the second quarter ended June 30, 2010. This compared with net income of $13.5 million, or $0.08 per diluted share, for the second quarter of 2009. Net income for the second quarter of 2010 included a pre-tax property impairments charge of $19.5 million, compared with an impairments charge of $23.3 million for the second quarter of 2009. Net income for the second quarter of 2010 also included a $33.1 million pre-tax gain on sale of assets.

Richard Aster Jr owns 351,435 shares as of 06/30/2010, which accounts for 0.72% of the $2.19 billion portfolio of Meridian Fund. John Keeley owns 635,900 shares as of 06/30/2010, which accounts for 0.51% of the $5.56 billion portfolio of Keeley Fund Management.

Buy: Sr. Vice President, Operations Richard E Muncrief bought 1,000 shares of CLR stock on 08/16/2010 at the average price of 42.66. Richard E Muncrief owns at least 27,931 shares after this. The price of the stock has decreased by 4.06% since.

Bank of America Corp. (NYSE:BAC): CEO and President Brian T Moynihan Bought 30,000 Shares

CEO and President of Bank of America Corp. (NYSE:BAC) Brian T Moynihan bought 30,000 shares on 08/23/2010 at an average price of $12.64. Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $109.45 billion; its shares were traded at around $12.64 with and P/S ratio of 0.7. The dividend yield of Bank Of America Corp. stocks is 0.3%.

BAC recently reported its second quarter 2010 results. The company reported second-quarter 2010 net income of $3.1 billion, compared to net income of $3.2 billion a year ago. After preferred dividends, earnings were $0.27 per diluted share, compared to $0.33 in the second quarter of 2009.

Ken Heebner bought 2,450,000 shares in the quarter that ended on 06/30/2010, which is 0.64% of the $5.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Mark Hillman bought 124,610 shares in the quarter that ended on 06/30/2010, which is 0.43% of the $417 million portfolio of Hillman Capital Management.

Buy: CFO Charles H Noski bought 6,000 shares of BAC stock on 07/23/2010 at the average price of 13.6. Charles H Noski owns at least 21,000 shares after this. The price of the stock has decreased by 7.06% since. There are mixed trades from other insiders.

  • 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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Rating: 4.0/5 (2 votes)

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