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Weekly CEO Buys Highlight: BFS, BGCP, DMND, CMTL, TWMC

guruyt

guruyt

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Last week’s top five stocks that were bought by their CEOs were Saul Centers Inc, BGC PARTNERS, INC, Diamond Foods Inc, Comtech Telecommunications Corp, and Trans World Entertainment Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Saul Centers Inc. (BFS): CEO, 10% Owner B Francis Saul Ii Bought 31,232 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 31,232 shares during the past week at an average price of $43.6. 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 $800.1 million; its shares were traded at around $43.6 with and P/S ratio of 5. 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-CFO Scott V Schneider sold 5,000 shares of BFS stock on 09/14/2010 at the average price of 44.05. Scott V Schneider owns at least 10,152 shares after this. The price of the stock has decreased by 1.02% since.

BGC PARTNERS, INC. (BGCP): Chairman and CEO, 10% Owner Howard W Lutnick Bought 87,817 Shares

Chairman and CEO, 10% Owner of BGC PARTNERS, INC. (BGCP) Howard W Lutnick bought 87,817 shares on 09/30/2010 at an average price of $6.64. BGC PARTNERS, INC. is a global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. Bgc Partners, Inc. has a market cap of $603.1 million; its shares were traded at around $6.64 with a P/E ratio of 15.1 and P/S ratio of 0.5. The dividend yield of Bgc Partners, Inc. stocks is 8.5%.

BGCP recently reported its second quarter 2010 results. The Company’s revenues for the second quarter of 2010 in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) increased by 14.9 percent to $335.7 million, compared with $292.1 million in the second quarter of 2009.

Buy: Director John H Dalton bought 9,000 shares of BGCP stock on 07/21/2010 at the average price of 4.89. John H Dalton owns at least 49,807 shares after this. The price of the stock has increased by 35.79% since.

Diamond Foods Inc. (DMND): Chairman, President & CEO Michael J Mendes Bought 5,045 Shares

Chairman, President & CEO of Diamond Foods Inc. (DMND) Michael J Mendes bought 5,045 shares during the past week at an average price of $41.27. Diamond Foods is a branded food company specializing in processing, marketing, and distributing culinary, snack, in-shell and ingredient nuts under the Diamond of California and Emerald of California brands. Diamond Foods Inc. has a market cap of $900.2 million; its shares were traded at around $41.27 with a P/E ratio of 21.6 and P/S ratio of 1.6. The dividend yield of Diamond Foods Inc. stocks is 0.4%.

For the three months ended July 31, 2010 net income grew 60 percent to $6.7 million and fully diluted earnings per share (EPS) grew 20 percent over the prior year's quarter to $0.30, despite a 34 percent higher share count. Excluding $1.3 million in acquisition and integration costs related to the purchase of Kettle Foods in March, non-GAAP EPS was up 36 percent to $0.34 compared to $0.25 for the prior year's quarter.

Ron Baron owns 1,400,446 shares as of 06/30/2010, which accounts for 0.41% of the $14.08 billion portfolio of Baron Funds. Mario Gabelli owns 7,000 shares as of 06/30/2010, a decrease of 75.86% of from the previous quarter. This position accounts for less than 0.01% of the $16.22 billion portfolio of GAMCO Investors.

Buy: Chief Fin and Admin Officer Steven M Neil bought 1,000 shares of DMND stock on 10/07/2010 at the average price of 40.57. Steven M Neil owns at least 71,808 shares after this. The price of the stock has increased by 1.73% since.

Comtech Telecommunications Corp. (CMTL): Chairman, CEO & President Fred Kornberg Bought 5,000 Shares

Chairman, CEO & President of Comtech Telecommunications Corp. (CMTL) Fred Kornberg bought 5,000 shares on 10/06/2010 at an average price of $29.64. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech Telecommunications Corp. has a market cap of $839.1 million; its shares were traded at around $29.64 with a P/E ratio of 13.4 and P/S ratio of 1. Comtech Telecommunications Corp. had an annual average earning growth of 31.5% over the past 10 years. GuruFocus rated Comtech Telecommunications Corp. the business predictability rank of 3.5-star.

CMTL recently reported its operating results for the fourth quarter and fiscal year ended July 31, 2010. Net sales for the fourth quarter of fiscal 2010 were $257.0 million compared to $122.0 million for the fourth quarter of fiscal 2009. This increase in net sales is attributable to significantly higher net sales in the Company's mobile data communications segment and slightly higher sales in the Company's telecommunications transmission segment. Sales in the Company's RF microwave amplifiers segment were lower in the fourth quarter of fiscal 2010 as compared to the fourth quarter of fiscal 2009.

George Soros bought 14,100 shares in the quarter that ended on 06/30/2010, which is 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC.Buy: Sr. Vice President & CFO Michael Porcelain bought 725 shares of CMTL stock on 10/06/2010 at the average price of 28.15. Michael Porcelain owns at least 26,155 shares after this. The price of the stock has increased by 5.29% since.

Trans World Entertainment Corp. (TWMC): Chairman and CEO, 10% Owner Robert J Higgins Bought 55,100 Shares

Chairman and CEO, 10% Owner of Trans World Entertainment Corp. (TWMC) Robert J Higgins bought 55,100 shares on 10/08/2010 at an average price of $1.83. Trans World Entertainment Corp. operates a chain of retail entertainment stores and an e-commerce site in a single industry segment. Trans World Entertainment Corp. has a market cap of $57.4 million; its shares were traded at around $1.83 with and P/S ratio of 0.1.

Buy: COO and President Michael Honeyman bought 855 shares of TWMC stock on 10/05/2010 at the average price of 1.53. Michael Honeyman owns at least 23,955 shares after this. The price of the stock has increased by 19.61% since.

  • 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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