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Weekly CEO Buys Highlight: CA, EDF, SHOR, EXAR, ORI

February 06, 2011 | About:
hyperman299

guruyt

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Last week’s top five stocks that were bought by their CEOs were CA Inc, Stone Harbor Emerging Markets Income Fund, ShoreTel, Exar, and Old Republic International Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

CA Inc. (CA): CEO William E Mccracken Bought 15,000 Shares

CEO of CA Inc. (CA) William E Mccracken bought 15,000 shares on 01/27/2011 at an average price of $24.53. Computer Associates International is one of the world's largest information technology management software companies, unifies and simplifies the management of enterprise-wide IT. Ca Inc. has a market cap of $12.55 billion; its shares were traded at around $24.53 with a P/E ratio of 14 and P/S ratio of 2.9. The dividend yield of Ca Inc. stocks is 0.7%. Ca Inc. had an annual average earning growth of 22.5% over the past 5 years.

CA recently announced that its board of directors declared a regular quarterly dividend of 4 cents per share. This dividend will be paid on March 14th, 2011 to stockholders of record at the close of business on February 14th, 2011.

George Soros bought 9,800 shares in the quarter that ended on 09/30/2010, which is less than 0.01% of the $6.69 billion portfolio of Soros Fund Management LLC. HOTCHKIS & WILEY owns 26,804,230 shares as of 09/30/2010, which accounts for 3.82% of the $14.81 billion portfolio of Hotchkis & Wliey Capital Management LLC. Richard Pzena owns 15,430,106 shares as of 09/30/2010, which accounts for 3.19% of the $10.22 billion portfolio of Pzena Investment Management LLC.

Buy: EVP & Grp Exec, Cust Solutions David C Dobson bought 2,500 shares of CA stock on 01/28/2011 at the average price of 24. David C Dobson owns at least 72,500 shares after this. The price of the stock has increased by 2.21% since.

STONE HARBOR EMERGING MARKETS INCOME FUND (EDF): President,CEO Peter Wilby Bought 5,000 Shares

President,CEO of STONE HARBOR EMERGING MARKETS INCOME FUND (EDF) Peter Wilby bought 5,000 shares on 01/31/2011 at an average price of $24.8. Salomon Brothers Emerging Markets Income Fund II is a non-diversified closed-end management investment company under the Investment Company Act of 1940 as amended. Stone Harbor Emerging Markets Income Fund has a market cap of $598.2 million; its shares were traded at around $24.8 . The dividend yield of Stone Harbor Emerging Markets Income Fund stocks is 4.3%.

Buy: Executive Vice President Thomas K Flanagan bought 4,000 shares of EDF stock on 01/05/2011 at the average price of 25. Thomas K Flanagan owns at least 4,000 shares after this. The price of the stock has decreased by 0.8% since.

ShoreTel Inc. (SHOR): CEO Peter Blackmore Bought 13,795 Shares

CEO of ShoreTel Inc. (SHOR) Peter Blackmore bought 13,795 shares on 01/31/2011 at an average price of $7.56. ShoreTel is a provider of enterprise IP telephony solutions. Shoretel Inc. has a market cap of $347 million; its shares were traded at around $7.56 with and P/S ratio of 2.3.

SHOR recently reported its first quarter 2011 results. The company announced that its first quarter revenue was $44.3 million, up 5% compared to results a quarter ago, and up 31% compared to results in the first quarter of 2010.

Sell: CFO Michael Healy sold 4,977 shares of SHOR stock on 11/24/2010 at the average price of 6.98. Michael Healy owns at least 3,454 shares after this. The price of the stock has increased by 8.31% since. Other insiders have also decreased their positions in the company.

Exar Corp. (EXAR): President and CEO Pete Rodriguez Bought 10,000 Shares

President and CEO of Exar Corp. (EXAR) Pete Rodriguez bought 10,000 shares on 01/28/2011 at an average price of $6.5. Exar Corporation designs, develops and markets analog and mixed-signal integrated circuits for use in communications and video and imaging products. Exar Corp. has a market cap of $287.9 million; its shares were traded at around $6.5 with and P/S ratio of 2.2. Exar Corp. had an annual average earning growth of 101.8% over the past 5 years.

Exar recently reported its third quarter fiscal 2011 results. The company announced that its net sales for the quarter were $35.4 million, compared to net sales of $33.9 million a year ago. GAAP gross margin was 45.5% compared to 46.4% for the prior quarter.

George Soros owns 6,366,666 shares as of 09/30/2010, an increase of 64.66% from the previous quarter. This position accounts for 0.57% of the $6.69 billion portfolio of Soros Fund Management LLC.

Buy: 10% Owner Fund Management Llc Soros bought 18,239 shares of EXAR stock on 01/28/2011 at the average price of 6.33. Fund Management Llc Soros owns at least 6,512,666 shares after this. The price of the stock has increased by 2.69% since. Other insiders have also increased their positions in the company.

OLD REPUBLIC INTERNATIONAL Corp. (ORI): Chairman and CEO Aldo C Zucaro Bought 5,000 Shares

Chairman and CEO of OLD REPUBLIC INTERNATIONAL Corp. (ORI) Aldo C Zucaro bought 5,000 shares on 02/01/2011 at an average price of $12.23. Old Republic International Corporation is Chicago-based and is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages in the property and liability, mortgage guaranty, title and life and health insurance fields. Old Republic International Corp. has a market cap of $3.17 billion; its shares were traded at around $12.23 with and P/S ratio of 0.8. The dividend yield of Old Republic International Corp. stocks is 5.6%.

Old Republic International recently reported its fourth quarter and full year 2010 results. The company announced that its operating revenue was $1.146 billion, compared to $965 million a year ago. This is an increase of 18.7% compared to results of a year ago.

Irving Kahn owns 2,658,356 shares as of 09/30/2010, which accounts for 7.26% of the $507 million portfolio of Kahn Brothers & Company Inc.. Michael Price owns 21,093 shares as of 09/30/2010, which accounts for 0.06% of the $488 million portfolio of MFP Investors LLC. Prem Watsa owns 20,000 shares as of 09/30/2010, which accounts for 0.01% of the $2.27 billion portfolio of Fairfax Financial Holdings, Inc.. Charles Brandes owns 1,187,847 shares as of 09/30/2010, which accounts for 0.1% of the $16.09 billion portfolio of Brandes Investment.

Buy: Chairman and CEO Aldo C Zucaro bought 5,000 shares of ORI stock on 02/01/2011 at the average price of 12.2. Aldo C Zucaro owns at least 1,474,069 shares after this. The price of the stock has increased by 0.25% since.


Rating: 2.5/5 (6 votes)

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