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Weekly CEO Buys Highlight: Rentrak Corp, EnPro Industries Inc, Newtek Business Services.

July 03, 2011 | About:
hyperman299

hyperman299

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Last week’s top stocks that were bought by their CEOs were RENT, NPO, and NEWT. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Rentrak Corp. (RENT): CEO William Paul Livek Bought 6,000 Shares

CEO of Rentrak Corp. (RENT) William Paul Livek bought 6,000 shares on 06/29/2011 at an average price of $18.93. Rentrak Corporation's primary business is the distribution of videocassettes to home video specialty stores and other retailers using its Pay Per Transaction system. Rentrak Corp. has a market cap of $212.8 million; its shares were traded at around $18.93 with a P/E ratio of 631.1 and P/S ratio of 2.1.

Consolidated revenues for the fourth quarter of fiscal 2011 were $24.7 million, primarily reflecting continued growth in the company's AMI division. Excluding revenues associated with the company's acquisitions of $3.2 million for the fiscal 2011 fourth quarter and $1.8 million for the fiscal 2010 fourth quarter, AMI division revenues grew approximately 16 percent. The AMI segment represented 37 percent of Rentrak's consolidated revenues for the fiscal 2011 fourth quarter, up from 28 percent for the fiscal 2010 fourth quarter. Gross margin in the AMI segment was 62 percent of AMI revenues for the fiscal 2011 fourth quarter, compared with 73 percent for last year's fourth quarter. AMI gross margin for the fourth quarter of fiscal 2011 was affected by higher fixed costs associated with obtaining data for the company's TV business.

George Soros owns 342,054 shares as of 03/31/2011, an increase of 99.94% from the previous quarter. This position accounts for 0.1434% of the $6.42 billion portfolio of Soros Fund Management LLC. Jean-Marie Eveillard owns 422,216 shares as of 03/31/2011, which accounts for 0.06% of the $19.9 billion portfolio of First Eagle Investment Management, LLC.

COO & CFO David I. Chemerow bought 5,500 shares of RENT stock on 06/29/2011 at the average price of 17.86. David I. Chemerow owns at least 55,035 shares after this. The price of the stock has increased by 5.99% since. Other insiders have also increased their positions in the company.

EnPro Industries Inc. (NPO): President and CEO Stephen E. Macadam Bought 2,250 Shares

President and CEO of EnPro Industries Inc. (NPO) Stephen E. Macadam bought 2,250 shares on 06/24/2011 at an average price of $48.83. EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. Enpro Industries Inc. has a market cap of $1.01 billion; its shares were traded at around $48.83 with a P/E ratio of 20.8 and P/S ratio of 1.1.

In the first quarter of 2010, the company reported income from continuing operations of $5.6 million, or $0.27 a share. Net income of $99.0 million, or $4.83 a share, in the first quarter of 2010 included income from discontinued operations of $93.4 million, or $4.56 a share. Income from discontinued operations in the 2010 quarter primarily reflected an after-tax gain on the sale of Quincy Compressor, which closed in the first quarter of 2010. Earnings per share are expressed on a diluted basis.

John Keeley owns 1,584,431 shares as of 03/31/2011, which accounts for 0.88% of the $6.54 billion portfolio of Keeley Fund Management. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2011.

Sr. VP, G.C. & Secretary Richard L Magee sold 27,029 shares of NPO stock on 05/19/2011 at the average price of 43.86. Richard L Magee owns at least 57,307 shares after this. The price of the stock has increased by 11.33% since.

Newtek Business Services Inc. (NEWT): Chairman & CEO, 10% Owner Barry Sloane Bought 13,100 Shares

EVP and CIO Craig Jeffry Brunet bought 2,500 shares of NEWT stock on 06/28/2011 at the average price of 1.39. Craig Jeffry Brunet owns at least 85,884 shares after this. The price of the stock has increased by 4.32% since. Other insiders have also increased their positions in the company.

For the quarter ended March 31, 2011, the Company had consolidated pretax income of $834 thousand, compared to a consolidated pretax loss of $(874) thousand in the first quarter of 2010, an improvement of $1.7 million. The Company reported consolidated net income of $509 thousand or $0.01 per share for the period, compared to a consolidated net loss of $(467) thousand, or $(0.01) per share for the same period in 2010.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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