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Weekly CEO Buys Highlight: PCYC, HLX, FSC, CREG, BTX

June 25, 2011 | About:
GuruFocus

hyperman299

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Last week’s top five stocks that were bought by their CEOs were PCYC, HLX, FSC, CREG, and BTX. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Pharmacyclics Inc. (PCYC): Chairman & CEO, 10% Owner Robert W Duggan Bought 678,000 Shares

Chairman & CEO, 10% Owner of Pharmacyclics Inc. (PCYC) Robert W Duggan bought 678,000 shares on 06/21/2011 at an average price of $10.11. Pharmacyclics Inc. is a pharmaceutical company developing products to improve upon therapeutic approaches to cancer, atherosclerosis and retinal disease. Pharmacyclics Inc. has a market cap of $523.1 million; its shares were traded at around $10.11 with and P/S ratio of 56.2.

PCYC recently reported its third quarter fiscal 2011 results. The non-GAAP net loss reported for the fiscal quarter ended March 31, 2011 was $7.4 million, or $0.12 per share. This compares with a non-GAAP net loss of $2.6 million, or $0.05 per share, for the fiscal quarter ended March 31, 2010. Reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

PRIMECAP Management owns 3,306,481 shares as of 03/31/2011, which accounts for 0.03% of the $70.47 billion portfolio of PRIMECAP Management.

Helix Energy Solutions Group (HLX): PRESIDENT & CEO Owen E Kratz Bought 67,000 Shares

PRESIDENT & CEO of Helix Energy Solutions Group (HLX) Owen E Kratz bought 67,000 shares on 06/17/2011 at an average price of $15.97. Helix Energy Solutions Group Inc., is a marine contractor and operator of offshore oil and gas properties and production facilities. Helix Energy Solutions Group has a market cap of $1.79 billion; its shares were traded at around $15.97 with a P/E ratio of 23.3 and P/S ratio of 1.5.

HLX reported net income of $25.9 million, or $0.24 per diluted share, for the first quarter of 2011 compared with a net loss of $17.9 million, or $(0.17) per diluted share, for the same period in 2010, and a net loss of $49.8 million, or $(0.48) per diluted share, in the fourth quarter of 2010.

Joel Greenblatt bought 52,216 shares in the quarter that ended on 03/31/2011, which is 0.27% of the $333 million portfolio of Gotham Capital. Ronald Muhlenkamp owns 878,955 shares as of 03/31/2011, which accounts for 2.2% of the $688 million portfolio of Muhlenkamp Fund. Whitney Tilson sold out his holdings in the quarter that ended on 03/31/2011.

PRESIDENT & CEO Owen E Kratz bought 67,000 shares of HLX stock on 06/17/2011 at the average price of 14.9. Owen E Kratz owns at least 5,003,327 shares after this. The price of the stock has increased by 7.18% since.

Director Gordon F Ahalt sold 5,000 shares of HLX stock on 03/31/2011 at the average price of 17.57. Gordon F Ahalt owns at least 60,081 shares after this. The price of the stock has decreased by 9.11% since. Other insiders have also decreased their positions in the company.

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 06/21/2011 at an average price of $11.59. 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 $754.3 million; its shares were traded at around $11.59 with a P/E ratio of 11.7 and P/S ratio of 10.8. The dividend yield of Fifth Street Finance Corp. stocks is 11.2%.

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.

Co-Chief Investment Officer Chad S. Blakeman bought 1,000 shares of FSC stock on 06/14/2011 at the average price of 11.74. Chad S. Blakeman owns at least 1,000 shares after this. The price of the stock has decreased by 1.28% since. Other insiders have also increased their positions in the company.

China Recycling Energy Corp. (CREG): CEO and Chairman of the Board, 10% Owner Guohua Ku Bought 50,000 Shares

CEO and Chairman of the Board, 10% Owner of China Recycling Energy Corp. (CREG) Guohua Ku bought 50,000 shares on 06/21/2011 at an average price of $2.15. China Digital Wireless allows wireless users in China to access financial information, execute stock trades, and access various entertainment-related services on their mobile phones. China Recycling Energy Corp. has a market cap of $76.6 million; its shares were traded at around $2.15 with a P/E ratio of 4.9 and P/S ratio of 1.

BioTime Inc. (BTX): CEO Michael D West Bought 10,000 Shares

CEO of BioTime Inc. (BTX) Michael D West bought 10,000 shares on 06/22/2011 at an average price of $4.75. BioTime, Inc. headquartered in Emeryville, California, develops blood plasma volume expanders, blood replacement solutions for hypothermic low temperature surgery, organ preservation solutions and technology for use in surgery, emergency trauma treatment and other applications. Biotime Inc. has a market cap of $219.9 million; its shares were traded at around $4.75 with and P/S ratio of 59.8. Biotime Inc. had an annual average earnings growth of 18.5% over the past 5 years.

For the quarter ended March 31, 2010, total revenue (including royalties from product sales and other revenue, revenue recognition of deferred license fees and grant income) was $825 thousand, up 7% from $768 thousand for the same period one year ago. The increase in revenue year-over-year in the first quarter 2010 is primarily attributable to license fees earned by BioTime's Singapore subsidiary ES Cell International, Pte. Ltd., additional grant income, and a significant increase in research product sales offset by a decrease in royalties from product sales.

Senior VP, COO & CFO Robert Peabody bought 5,400 shares of BTX stock on 06/22/2011 at the average price of 4.45. Robert Peabody owns at least 5,400 shares after this. The price of the stock has increased by 6.74% since.


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