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Weekly CEO Buys Highlight: DFG, ATPG, CMTL, HCC, CHK

June 19, 2011 | About:
gurufocus

hyperman299

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Last week’s top five stocks that were bought by their CEOs were DFG, ATPG, CMTL, HCC, and CHK. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Delphi Financial Group Inc. Cl A (DFG): Chairman & CEO, 10% Owner Robert Rosenkranz Bought 50,000 Shares

Chairman & CEO, 10% Owner of Delphi Financial Group Inc. Cl A (DFG) Robert Rosenkranz bought 50,000 shares on 06/14/2011 at an average price of $27.54. Delphi Financial Group, Inc. is a holding company whose subsidiariesprovide integrated employee benefit services. Delphi Financial Group Inc. Cl A has a market cap of $1.51 billion; its shares were traded at around $27.54 with a P/E ratio of 7.7 and P/S ratio of 0.8. The dividend yield of Delphi Financial Group Inc. Cl A stocks is 1.8%. Delphi Financial Group Inc. Cl A had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Delphi Financial Group Inc. Cl A the business predictability rank of 2-star.

DFG recently announced that its operating earnings in the first quarter of 2011 were $51.5 million or $0.91 per share, compared to $46.3 million or $0.84 per share in the first quarter of 2010. Annualized operating return on beginning equity (2) in the first quarter of 2011 was 13.5% compared to 14.3% in the first quarter of 2010. Diluted book value per share was $28.02 at March 31, 2011, up 3% from December 31, 2010 and up 15% from March 31, 2010.

Kenneth Fisher owns 623,924 shares as of 03/31/2011, which accounts for 0.05% of the $37.97 billion portfolio of Fisher Asset Management, LLC. Richard Pzena owns 1,405,633 shares as of 03/31/2011, which accounts for 0.37% of the $11.79 billion portfolio of Pzena Investment Management LLC.

Sell: Director Steven Andrew Hirsh sold 633 shares of DFG stock on 05/05/2011 at the average price of 30.53. Steven Andrew Hirsh owns at least 21,691 shares after this. The price of the stock has decreased by 9.79% since. Other insiders have also decreased their positions in the company.

ATP Oil & Gas Corp. (ATPG): CEO, 10% Owner T Paul Bulmahn Bought 65,000 Shares

CEO, 10% Owner of ATP Oil & Gas Corp. (ATPG) T Paul Bulmahn bought 65,000 shares on 06/15/2011 at an average price of $15.69. ATP OIL & GAS is engaged in the acquisition, development and production of natural gas and oil properties in the outer continental shelf of the Gulf of Mexico, in the shallow-deep waters of the Gulf of Mexico and in the Southern Gas Basin of the U. Atp Oil & Gas Corp. has a market cap of $806.6 million; its shares were traded at around $15.69 with and P/S ratio of 1.7. Atp Oil & Gas Corp. had an annual average earnings growth of 12.9% over the past 10 years.

ATPG recently reported its first quarter 2011 results. Revenues from oil and gas production were $166.5 million for the first quarter 2011, compared to $93.0 million for the first quarter 2010. Increased revenues from production were attributable to higher production volumes and higher oil prices.

Robert Bruce owns 79,000 shares as of 03/31/2011, which accounts for 0.79% of the $167 million portfolio of Bruce & Co., Inc..

Sell: Director Robert J Karow sold 1,000 shares of ATPG stock on 03/30/2011 at the average price of 18.47. Robert J Karow owns at least 22,434 shares after this. The price of the stock has decreased by 15.05% since.

Comtech Telecommunications Corp. (CMTL): Chairman, CEO & President Fred Kornberg Bought 20,000 Shares

Chairman, CEO & President of Comtech Telecommunications Corp. (CMTL) Fred Kornberg bought 20,000 shares on 06/15/2011 at an average price of $25.16. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech Telecommunications Corp. has a market cap of $671.5 million; its shares were traded at around $25.16 with a P/E ratio of 11.2 and P/S ratio of 0.8. The dividend yield of Comtech Telecommunications Corp. stocks is 3.9%. Comtech Telecommunications Corp. had an annual average earnings growth of 25.7% over the past 10 years. GuruFocus rated Comtech Telecommunications Corp. the business predictability rank of 3-star.

CMTL recently reported its third quarter 2011 results. Net sales for the third quarter of fiscal 2011 were $131.1 million compared to $216.3 million for the third quarter of fiscal 2010. The period-over-period decrease in net sales is attributable to lower net sales in both the company's mobile data communications and RF microwave amplifiers segments offset, in part, by higher net sales in its telecommunications transmission segment.

Charles Brandes bought 19,520 shares in the quarter that ended on 03/31/2011, which is less than 0.01% of the $14.62 billion portfolio of Brandes Investment. Joel Greenblatt owns 39,690 shares as of 03/31/2011, an increase of 140.04% from the previous quarter. This position accounts for 0.32% of the $333 million portfolio of Gotham Capital. George Soros owns 9,900 shares as of 03/31/2011, an increase of 22.22% from the previous quarter. This position accounts for 0.0042% of the $6.42 billion portfolio of Soros Fund Management LLC.

Buy: Sr. Vice President & CFO Michael Porcelain bought 2,925 shares of CMTL stock on 06/14/2011 at the average price of 23.91. Michael Porcelain owns at least 70,115 shares after this. The price of the stock has increased by 5.23% since. There are mixed trades from other insiders.

HCC Insurance Holdings Inc. (HCC): CEO John Niels Molbeck Jr Bought 10,000 Shares

CEO of HCC Insurance Holdings Inc. (HCC) John Niels Molbeck Jr bought 10,000 shares on 06/13/2011 at an average price of $31.26. HCC, through its subsidiaries, provides specialized property & casualty insurance coverages, managing general agency services & insurance related services both to commercial customers & individuals. Hcc Insurance Holdings Inc. has a market cap of $3.55 billion; its shares were traded at around $31.26 with a P/E ratio of 10.2 and P/S ratio of 1.5. The dividend yield of Hcc Insurance Holdings Inc. stocks is 1.8%. Hcc Insurance Holdings Inc. had an annual average earnings growth of 19.4% over the past 10 years. GuruFocus rated Hcc Insurance Holdings Inc. the business predictability rank of 3-star.

HCC recently reported its first quarter 2011 results. Net earnings were $47.0 million for the first quarter of 2011, compared to $71.4 million for the first quarter of 2010. Net earnings per diluted share were $0.41 for the first quarter of 2011, versus $0.62 for the same quarter of 2010. The 2011 results included pretax losses of $51.5 million, net of reinsurance and reinstatement premium, stemming from the first quarter catastrophes in Japan, New Zealand and Australia that reduced net earnings by $0.29 per share.

David Dreman owns 96,937 shares as of 03/31/2011, which accounts for 0.06% of the $5.32 billion portfolio of Dreman Value Management. Third Avenue Management owns 704,333 shares as of 03/31/2011, which accounts for 0.42% of the $5.29 billion portfolio of Third Avenue Management. John Rogers owns 2,360,130 shares as of 03/31/2011, which accounts for 1.29% of the $5.71 billion portfolio of Ariel Capital Management. John Keeley owns 1,486,100 shares as of 03/31/2011, which accounts for 0.71% of the $6.54 billion portfolio of Keeley Fund Management.

George Soros sold out his holdings in the quarter that ended on 03/31/2011. NWQ Managers sold out his holdings in the quarter that ended on 03/31/2011.

Sell: EVP and Chf Prop & Cas Officer Michael J Schell sold 92,268 shares of HCC stock on 05/18/2011 at the average price of 32.53. Michael J Schell owns at least 84,474 shares after this. The price of the stock has decreased by 3.9% since. Other insiders have also decreased their positions in the company.

Chesapeake Energy Corp. (CHK): Chairman & CEO Aubrey K Mcclendon Bought 10,000 Shares

Chairman & CEO of Chesapeake Energy Corp. (CHK) Aubrey K Mcclendon bought 10,000 shares on 06/10/2011 at an average price of $28.02. Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $18.43 billion; its shares were traded at around $28.02 with a P/E ratio of 9.6 and P/S ratio of 2. The dividend yield of Chesapeake Energy Corp. stocks is 1.1%. Chesapeake Energy Corp. had an annual average earnings growth of 9.8% over the past 10 years.

Net income for the quarter totaled $38.8 million, an increase of $3.9 million, or 11%, versus the 2010 first quarter. Net income available to limited partners for the 2011 first quarter was $38.0 million, or $0.27 per limited partner unit.

Richard Snow owns 2,319,729 shares as of 03/31/2011, which accounts for 2.86% of the $2.72 billion portfolio of Snow Capital Management, L.P.. T Boone Pickens owns 883,348 shares as of 03/31/2011, which accounts for 8.25% of the $359 million portfolio of BP Capital. George Soros owns 19,400 shares as of 03/31/2011, which accounts for 0.0101% of the $6.42 billion portfolio of Soros Fund Management LLC.

Buy: Exec. Vice President & CFO Domenic J Jr Dell'osso bought 4,000 shares of CHK stock on 06/10/2011 at the average price of 29.4. Domenic J Jr Dell'osso owns at least 174,259 shares after this. The price of the stock has decreased by 4.69% since. There are mixed trades from other insiders.


Rating: 3.0/5 (10 votes)

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