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Weekly CEO Buys Highlight: RNN, IIG, FSC, GEO, DAN

hyperman299

hyperman299

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Last week’s top five stocks that were bought by their CEOs were RNN, IIG, FSC, GEO, and DAN. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

REXAHN PHARMACEUTICALS INC. (RNN): Chairman & CEO, 10% Owner Chang Ho Ahn Bought 1,008,078 Shares

Chairman & CEO, 10% Owner of REXAHN PHARMACEUTICALS INC. (RNN) Chang Ho Ahn bought 1,008,078 shares on 05/18/2011 at an average price of $1.24. REXAHN PHARMACTICALS is a biopharmaceutical company leveraging its proprietary technology platform to discover, develop and commercialize innovative treatments for cancer, central nervous system disorders, sexual dysfunction and other unmet medical needs. Rexahn Pharmaceuticals Inc. has a market cap of $107.6 million; its shares were traded at around $1.24 with and P/S ratio of 1434.8.

IMERGENT INC. (IIG): CEO, 10% Owner Steven G Mihaylo Bought 68,000 Shares

CEO, 10% Owner of IMERGENT INC. (IIG) Steven G Mihaylo bought 68,000 shares during the past week at an average price of $6.02. Imergent, Inc. is an eCommerce application service provider that enables companies of any size to extend their business to eCommerce. Imergent Inc. has a market cap of $64.2 million; its shares were traded at around $6.02 with and P/S ratio of 0.9. The dividend yield of Imergent Inc. stocks is 1.4%.

iMergent recently reported its first quarter 2011 financial results. Net loss for the first quarter of 2011 was $1,851,000 or $0.17 per diluted common share, compared to a net income of $123,000 or $0.01 per diluted common share in the prior year quarter. Loss before income tax provision for the first quarter of 2011 was $2,973,000, compared to income of $248,000 in the prior year quarter.

Sell: Chief Technology Officer David Lynn Rosenvall sold 10,000 shares of IIG stock on 02/28/2011 at the average price of 6. David Lynn Rosenvall owns at least 75,399 shares after this. The price of the stock has increased by 0.33% since.

FIFTH STREET FINANCE CORP. (FSC): CEO Leonard M Tannenbaum Bought 30,000 Shares

CEO of FIFTH STREET FINANCE CORP. (FSC) Leonard M Tannenbaum bought 30,000 shares on 05/17/2011 at an average price of $12.42. FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp. has a market cap of $808.1 million; its shares were traded at around $12.42 with a P/E ratio of 12.7 and P/S ratio of 11.3. The dividend yield of Fifth Street Finance Corp. stocks is 10.3%.

FSC recently reported its second quarter 2011 results. Net investment income for the quarter ended March 31, 2011 was $16.6 million or $0.27 per share, as compared to $11.2 million or $0.26 per share for the quarter ended March 31, 2010;

Ruane Cunniff owns 198,000 shares as of 03/31/2011, which accounts for 0.03% of the $10.51 billion portfolio of Ruane & Cunniff & Goldfarb Inc. David Einhorn owns 2,125,992 shares as of 03/31/2011, which accounts for 0.55% of the $5.17 billion portfolio of Greenlight Capital Inc.

Buy: President, CCO & Secretary Bernard D Berman bought 500 shares of FSC stock on 05/16/2011 at the average price of 12.32. Bernard D Berman owns at least 13,968 shares after this. The price of the stock has increased by 0.81% since. Other insiders have also increased their positions in the company.

THE GEO GROUP INC. (GEO): Chairman & CEO George C Zoley Bought 12,000 Shares

Chairman & CEO of THE GEO GROUP INC. (GEO) George C Zoley bought 12,000 shares on 05/12/2011 at an average price of $24.91. GEO is a world leader in the delivery of correctional and detention management, health and mental health, and other diversified services to federal, state, and local government agencies around the globe. The Geo Group Inc. has a market cap of $1.61 billion; its shares were traded at around $24.91 with a P/E ratio of 16.5 and P/S ratio of 1.2. The Geo Group Inc. had an annual average earnings growth of 20.8% over the past 10 years.

GEO recently reported first quarter 2011 financial results. GEO reported net income for the first quarter 2011 of $16.4 million, or $0.25 per diluted share, compared to net income of $17.7 million, or $0.34 per diluted share for the first quarter of 2010.

David Dreman owns 1,402,373 shares as of 03/31/2011, which accounts for 0.68% of the $5.32 billion portfolio of Dreman Value Management.

Buy: Director Clarence E Anthony bought 1,000 shares of GEO stock on 05/12/2011 at the average price of 25.65. Clarence E Anthony owns at least 2,500 shares after this. The price of the stock has decreased by 2.88% since. Other insiders have also increased their positions in the company.

DANA HOLDINGS CORP. (DAN): President & CEO Roger Wood Bought 16,700 Shares

President & CEO of DANA HOLDINGS CORP. (DAN) Roger Wood bought 16,700 shares on 05/13/2011 at an average price of $17.42. DANA HOLDING CORP is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. Dana Holdings Corp. has a market cap of $2.52 billion; its shares were traded at around $17.42 with a P/E ratio of 21.5 and P/S ratio of 0.4.

Joel Greenblatt owns 46,307 shares as of 03/31/2011, an increase of 76.18% from the previous quarter. This position accounts for 0.24% of the $333 million portfolio of Gotham Capital. John Keeley owns 1,795,711 shares as of 03/31/2011, an increase of 41.59% from the previous quarter. This position accounts for 0.48% of the $6.54 billion portfolio of Keeley Fund Management.

Sell: Exec Chairman John M Devine sold 10,000 shares of DAN stock on 05/09/2011 at the average price of 18.24. John M Devine owns at least 207,213 shares after this. The price of the stock has decreased by 4.5% since. Other insiders have also decreased their positions in the company.


Rating: 2.0/5 (7 votes)

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