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Weekly CEO Buys Highlight: TSLA, EBIX, DXPE, MF, DAN

June 12, 2011 | About:
hyperman299

hyperman299

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Last week’s top stocks that were bought by their CEOs were TSLA, EBIX, DXPE, MF, and DAN. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Tesla Motors Inc. (TSLA): CEO, 10% Owner Elon Musk Bought 1,416,000 Shares

CEO, 10% Owner of Tesla Motors Inc. (TSLA) Elon Musk bought 1,416,000 shares on 06/08/2011 at an average price of $27.86. Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors Inc. has a market cap of $2.87 billion; its shares were traded at around $27.86 with and P/S ratio of 24.54.

TSLA recently announced its preliminary unaudited financial results for the quarter ended March 31, 2011. Revenues for the first quarter of 2011 were $49.0 million, a 35% increase from the $36.3 million reported in the prior quarter. Gross margin improved to 37%, up from 31% for the prior quarter. Total revenues and gross margin were the highest in the company’s history.

John Griffin owns 575,000 shares as of 03/31/2011, which accounts for 0.27% of the $5.92 billion portfolio of Blue Ridge Capital.

Sell: CFO Deepak Ahuja sold 5,000 shares of TSLA stock on 05/31/2011 at the average price of 30. Deepak Ahuja owns at least 500 shares after this. The price of the stock has decreased by 7.13% since. There are mixed trades from other insiders.

Ebix Inc (EBIX): President and CEO, 10% Owner Robin Raina Bought 30,000 Shares

President and CEO, 10% Owner of Ebix Inc (EBIX) Robin Raina bought 30,000 shares on 06/03/2011 at an average price of $20.39. Ebix Inc is one of the international suppliers of software and e-commerce solutions to the insurance industry. Ebix Inc has a market cap of $804.87 million; its shares were traded at around $20.39 with a P/E ratio of 14.26 and P/S ratio of 6.09. Ebix Inc had an annual average earnings growth of 101.6% over the past 5 years.

Total Q1 2011 revenue grew to a record $40.1 million, an increase of 27% on a year-over-year basis, as compared to Q1 2010 revenue of $31.6 million. The Q1 2011 results include financial results from the ADAM acquisition, as of 7th February 2011.

Sell: CFO Robert F Kerris sold 550 shares of EBIX stock on 06/02/2011 at the average price of 19.04. Robert F Kerris owns at least 2,558 shares after this. The price of the stock has increased by 7.09% since. Other insiders have increased their positions in the company.

DXP Enterprises Inc. (DXPE): Chairman & CEO, 10% Owner David R Little Bought 12,700 Shares

Chairman & CEO, 10% Owner of DXP Enterprises Inc. (DXPE) David R Little bought 12,700 shares on 06/03/2011 at an average price of $23. DXP Enterprises Inc. is a supplier of maintenance, repair and operating products, equipment and services to industrial customers. Dxp Enterprises Inc. has a market cap of $324.41 million; its shares were traded at around $23 with a P/E ratio of 15.54 and P/S ratio of 0.49. Dxp Enterprises Inc. had an annual average earnings growth of 16.7% over the past 10 years.

Sell: Sr. V.P. CFO Hugh H Mcconnell sold 10,000 shares of DXPE stock on 04/11/2011 at the average price of 26. Hugh H Mcconnell owns at least 260,770 shares after this. The price of the stock has decreased by 11.54% since. Other insiders have also decreased their positions in the company.

MF GLOBAL HOLDINGS LTD. (MF): CEO and Chairman Jon S. Corzine Bought 36,100 Shares

CEO and Chairman of MF GLOBAL HOLDINGS LTD. (MF) Jon S. Corzine bought 36,100 shares on 06/11/2011 at an average price of $7.24. MF Global Ltd. is a intermediary offering customized solutions in global cash and derivatives markets. Mf Global Holdings Ltd. has a market cap of $1.19 billion; its shares were traded at around $7.24 with a P/E ratio of 45.25 and P/S ratio of 0.53.

MF recently reported its fourth quarter and full year fiscal 2011 results. Revenue, net of interest and transaction-based expenses (net revenue), was $292.5 million for the fourth quarter versus $240.5 million for the same period last year.

George Soros bought 210,000 shares in the quarter that ended on 03/31/2011, which is 0.0271% of the $6.42 billion portfolio of Soros Fund Management LLC. John Keeley owns 1,804,699 shares as of 03/31/2011, an increase of 69.77% from the previous quarter. This position accounts for 0.23% of the $6.54 billion portfolio of Keeley Fund Management. Mario Gabelli owns 70,000 shares as of 03/31/2011, an increase of 55.56% from the previous quarter. This position accounts for less than 0.01% of the $13.97 billion portfolio of GAMCO Investors.

Buy: Chief Risk Officer & SVP Michael Stockman bought 10,000 shares of MF stock on 02/14/2011 at the average price of 8.57. Michael Stockman owns at least 10,000 shares after this. The price of the stock has decreased by 15.52% since.

DANA HOLDINGS CORP. (DAN): President & CEO Roger Wood Bought 11,700 Shares

President & CEO of DANA HOLDINGS CORP. (DAN) Roger Wood bought 11,700 shares on 06/07/2011 at an average price of $16.6. 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 $2.43 billion; its shares were traded at around $16.6 with a P/E ratio of 20.49 and P/S ratio of 0.4.

DAN recently reported its first-quarter 2011 financial results, including adjusted EDITDA of $181 million. The company had a net loss of $30 million in the quarter, which included $53 million of one-time charges associated with the refinancing and restructuring of debt in January. Excluding these charges, Dana posted first-quarter net income of $23 million.

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: Director Mark A Schulz sold 20,000 shares of DAN stock on 06/07/2011 at the average price of 16.99. Mark A Schulz owns at least 2,399 shares after this. The price of the stock has decreased by 2.3% since. Other insiders have also decreased their positions in the company.


Rating: 3.6/5 (7 votes)

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