Weekly CEO Buys Highlight: BFS, FL, BGC, AMCF, and EXAS

Author's Avatar
Nov 29, 2010
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 30,260 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 30,260 shares during the past week at an average price of $43.7. 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 $801.9 million; its shares were traded at around $43.7 with and P/S ratio of 4.9. The dividend yield of Saul Centers Inc. stocks is 3.3%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.

BFS recently reported its third quarter results. Total revenue for the three months ended September 30, 2010 decreased 1.7% to $39,551,000 compared to $40,235,000 for the three months ended September 30, 2009.

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 0.79% since.

Foot Locker Inc. (FL, Financial): Chairman and CEO Ken C Hicks Bought 6,000 Shares

Chairman and CEO of Foot Locker Inc. (FL) Ken C Hicks bought 6,000 shares on 11/24/2010 at an average price of $18.65. Foot Locker, Inc. is a global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. Foot Locker Inc. has a market cap of $2.9 billion; its shares were traded at around $18.65 with a P/E ratio of 19.4 and P/S ratio of 0.6. The dividend yield of Foot Locker Inc. stocks is 3.2%.

Net income for the Company’s third quarter ended October 30, 2010 was $52 million, or $0.33 per share. This compares with a net loss of $6 million, or $0.04 per share, in the prior-year period, which included impairment charges of $22 million, after tax, or $0.14 per share. Excluding the impairment charges, net income for the third quarter of 2009 was $16 million, or $0.10 per share.

Whitney Tilson bought 17,300 shares in the quarter that ended on 09/30/2010, which is 0.05% of the $578 million portfolio of T2 Partners Management, LP. John Keeley owns 123,010 shares as of 09/30/2010, an increase of 39.93% from the previous quarter. This position accounts for 0.03% of the $5.76 billion portfolio of Keeley Fund Management. Robert Rodriguez owns 2,420,816 shares as of 09/30/2010, which accounts for 4.5% of the $781 million portfolio of FPA Capital.

Buy: Director Nicholas P Dipaolo bought 900 shares of FL stock on 09/17/2010 at the average price of 14.17. Nicholas P Dipaolo owns at least 43,263 shares after this. The price of the stock has increased by 31.62% since.

General Cable Corp. (BGC, Financial): EVP, Pres/CEO Europe/Med Emmanuel Sabonnadiere Bought 2,172 Shares

EVP, Pres/CEO Europe/Med of General Cable Corp. (BGC) Emmanuel Sabonnadiere bought 2,172 shares on 11/23/2010 at an average price of $32.32. General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. General Cable Corp. has a market cap of $1.68 billion; its shares were traded at around $32.32 with a P/E ratio of 18.6 and P/S ratio of 0.4. General Cable Corp. had an annual average earning growth of 21.6% over the past 10 years.

BGC recently reported its third quarter 2010 results. Diluted earnings per share for the third quarter of 2010 were $0.34. Included in these results was $0.09 per share of non-cash convertible debt interest expense and $0.11 per share of mark to market losses on derivative instruments. Before the impact of these items, adjusted non-GAAP earnings per share for the third quarter of 2010 would have been $0.54.

George Soros owns 111,500 shares as of 09/30/2010, an increase of 93.91% from the previous quarter. This position accounts for 0.05% of the $6.69 billion portfolio of Soros Fund Management LLC. David Dreman owns 1,251,772 shares as of 09/30/2010, an increase of 27.28% from the previous quarter. This position accounts for 0.78% of the $4.35 billion portfolio of Dreman Value Management. John Keeley owns 837,500 shares as of 09/30/2010, which accounts for 0.39% of the $5.76 billion portfolio of Keeley Fund Management.

Sell: Executive Vice President Domingo Goenaga sold 14,432 shares of BGC stock on 11/10/2010 at the average price of 30.2. The price of the stock has increased by 7.02% since.

EXACT Sciences Corp. (EXAS, Financial): President and CEO Kevin T Conroy Bought 6,000 Shares

President and CEO of EXACT Sciences Corp. (EXAS) Kevin T Conroy bought 6,000 shares on 11/23/2010 at an average price of $5.76. EXACT Sciences Corporation uses applied genomics to develop effective, patient-friendly screening technologies for use in the detection of cancer. Exact Sciences Corp. has a market cap of $232 million; its shares were traded at around $5.76 with and P/S ratio of 48.8.

Exact reported total revenues of $1.4 million for the third quarter of 2010, compared to total revenues of $1.3 million during the same period of 2009. Total revenues for the first nine months of 2010 were $4.0 million, compared to total revenues of $3.5 million for the same period of 2009.

Buy: Senior VP and CFO Maneesh Arora bought 2,500 shares of EXAS stock on 08/20/2010 at the average price of 4.14. Maneesh Arora owns at least 17,883 shares after this. The price of the stock has increased by 39.13% since. Other insiders have also increased their positions in the company.

Andatee China Marine Fuel Services Corp. (amcf): CEO, 10% Owner An Fengbin Bought 3,462 Shares

CEO, 10% Owner of Andatee China Marine Fuel Services Corp. (amcf) An Fengbin bought 3,462 shares on 11/23/2010 at an average price of $5.23. Andatee China Marine Fuel Services Corporation is a independent operator engaged in the production, storage, distribution, wholesale purchase and sale of blended marine fuel oil for cargo and fishing vessels in Northern China. Andatee China Marine Fuel Services Corp. has a market cap of $50.3 million; its shares were traded at around $5.23 with a P/E ratio of 5.3 and P/S ratio of 0.4.

Revenues for the third quarter ended September 30 2010, were $57.5 million, which represented an increase of approximately 78.5% as compared with $32.2 million during the same period in 2009. This increase was attributable to an increase in sales volume and to higher average crude oil price prevailing in the marketplace.