Free 7-day Trial
All Articles and Columns »

Weekly Top Insider Buys: WBS, STWD, HTGC, EBTX, NTSC

guruyt

gururk

7 followers
Weekly highlight of top insider buys: Webster Financial Corp. (WBS), Starwood Property Trust Inc. (STWD), Hercules Technology Growth Capital Inc. (HTGC), Encore Bancshares Inc. (EBTX), and National Technical Systems Inc. (NTSC).

Webster Financial Corp. (WBS): Director David A Coulter Bought 2,069,848 Shares

Director of Webster Financial Corp., David A Coulter, bought 2,069,848 shares on 12/27/10 at an average price of $19.7.

Webster Financial Corp. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. Webster Financial Corp. has a market cap of $1.55 billion; its shares were traded at around $19.7 with and P/S ratio of 1.6. The dividend yield of Webster Financial Corp. stocks is 0.2%.



On Oct 15, Webster Financial Corporation announced consolidated net income of $22.7 million for the quarter ended September 30, 2010. Net income available to common shareholders after $4.9 million of preferred dividends was $17.8 million, or $.22 per diluted share, for the quarter ended September 30, 2010. Improved net interest margin was 3.36 percent compared to 3.27 percent for the second quarter.



Webster Financial Corp. is in the portfolios of Mario Gabelli, Kenneth Fisher, Richard Pzena, and Hotchkis & Wiley.

Last month, Buy: Director, 10% Owner Pincus Private Equity Warburg and Buy: Director David A Coulter bought shares of WBS stock. Sell: EVP - Commercial Banking Joseph J Savage sold 5,000 shares in August.

Starwood Property Trust Inc. (STWD): Director Jeffrey G. Dishner Bought 30,000 Shares

Director of Starwood Property Trust Inc., Jeffrey G. Dishner, bought 30,000 shares on 12/28/10 at an average price of $21.48.

Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust Inc. has a market cap of $1.03 billion; its shares were traded at around $21.48 with a P/E ratio of 35.8. The dividend yield of Starwood Property Trust Inc. stocks is 6.2%.

On Nov. 9, Starwood Property Trust announced operating results for the third quarter 2010. The company's core earnings, a Non-GAAP financial measure, were $27.0 million or $0.56 per share for the quarter ended September 30, 2010. Net Income attributable to the Company for the same period was $22.7 million or $0.47 per common share. Results included a gain of $9.3 million, or $0.19 per common diluted share, related to the Company's participation in a commercial mortgage securitization. Net interest margin in the third quarter generated from investments was approximately $22.8 million, up from $18 million in the second quarter of 2010.

Starwood Property Trust Inc. is in the portfolios of John Paulson and George Soros.



Last month, Buy: Director Jeffrey G. Dishner and Buy: Director Jeffrey F. Dimodica bought shares of STWD stock. Buy: Director Strauss Zelnick bought 17,000 shares in August.



Hercules Technology Growth Capital Inc. (HTGC): Director Allyn C Jr Woodward Bought 3,500 Shares

Director of Hercules Technology Growth Capital Inc., Allyn C Jr Woodward, bought 3,500 shares on 12/28/10 at an average price of $10.36.

Hercules Technology Growth Capital, Inc. is a specialized finance company providing debt and equity growth capital to technology-related companies at all stages of development. Hercules Technology Growth Capital Inc. has a market cap of $374.8 million; its shares were traded at around $10.36 with a P/E ratio of 12.4 and P/S ratio of 5. The dividend yield of Hercules Technology Growth Capital Inc. stocks is 7.7%. Hercules Technology Growth Capital Inc. had an annual average earning growth of 35% over the past 5 years.

On November 4, Hercules Technology Growth Capital Inc. reported results for the third quarter of 2010. The company increased total investment income by approximately 8.0% to $15.6 million, compared to $14.5 million for the second quarter of 2010. Distributable net operating income increased by approximately 17.0% to $8.9 million compared to $7.6 million in the second quarter of 2010. DNOI per share was $0.25 for the third quarter, compared to $0.22 per share in the previous quarter.



Last month, Buy: Director Allyn C Jr Woodward bought 3,500 shares of HTGC stock. Buy: Director Joseph W Chow, Buy: Director Robert P Badavas, and Buy: COO Scott Gable bought shares in November..



Encore Bancshares Inc. (EBTX): Director John Bryan King Bought 8,580 Shares

Director of Encore Bancshares Inc., John Bryan King, bought 8,580 shares on 12/29/10 at an average price of $10.26.

Encore Bancshares, Inc. is a bank holding company headquartered in Houston, Texas and offers a broad range of banking, wealth management and insurance services through its main subsidiary Encore Bank, N. Encore Bancshares Inc. has a market cap of $116.9 million; its shares were traded at around $10.26 with and P/S ratio of 1.1.



On October 29, Encore Bancshares Inc. reported results for the three months ended September 30, 2010. Net loss was $8.4 million, compared with a net loss of $1.8 million for the same period of 2009. Loss per diluted common share for the third quarter of 2010 was $0.79, after deducting preferred dividends, compared with a loss per diluted common share of $0.22 for the same period of 2009.



Last month, Buy: Director John Bryan King bought 8,580 shares of EBTX stock. Sell: CFO L. Anderson Creel sold 13,000 shares that month.



National Technical Systems Inc. (NTSC): Director John Mersman Gibbons Bought 3,240 Shares

Director of National Technical Systems Inc., John Mersman Gibbons, bought 3,240 shares on 12/27/10 at an average price of $8.07.

National Technical Systems, Inc., based in Calabasas, California, is a provider of engineering and testing services to the defense, aerospace, telecommunications, automotive and high technology markets. National Technical Systems Inc. has a market cap of $81.5 million; its shares were traded at around $8.07 with a P/E ratio of 17.6 and P/S ratio of 0.7. National Technical Systems Inc. had an annual average earning growth of 12.5% over the past 10 years.



On December 14, National Technical Systems Inc. reported results for the third quarter of 2010. Total revenues for the quarter increased to a record $39.0 million, up 19 percent from $32.8 million in last fiscal year's third quarter. Net income for the fiscal 2011 third quarter was $1.1 million, or $0.11 per basic and diluted share, compared to $1.1 million, or $0.12 per basic share and $0.11 per diluted share for the third quarter of the prior fiscal year.



Last month, Buy: Director John Mersman Gibbons and Sell: Director, 10% Owner Jack Lin respectively bought and sold shares of NTSC stock.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.


Rating: 3.2/5 (6 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide