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Weekly CEO Buys Highlight: BTH, TDY, MEI, BSET, STEI

July 16, 2011 | About:
hyperman299

hyperman299

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Lsat week’s top five stocks that were bought by their CEOs were BTH, TDY, MEI, BSET, and STEI. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

BLYTH Inc. (BTH): Chairman of the Board and CEO, 10% Owner Robert B Goergen Bought 400,000 Shares

Chairman of the Board and CEO, 10% Owner of BLYTH Inc. (BTH) Robert B Goergen bought 400,000 shares on 07/11/2011 at an average price of $62. Blyth, Inc. operates in the home fragrance products market. Blyth Inc. has a market cap of $510.4 million; its shares were traded at around $62 with a P/E ratio of 21.3 and P/S ratio of 0.5. The dividend yield of Blyth Inc. stocks is 0.4%.

Blyth recently reported Net Sales for the first quarter ended April 30, 2011 of $185.5 million versus $185.3 million for the prior year period. The effect of foreign currency translation on first quarter sales was insignificant. International sales represented 48% of first quarter sales this year versus 53% last year.

VP and CFO Robert H Barghaus sold 1,252 shares of BTH stock on 06/10/2011 at the average price of 36.22. Robert H Barghaus owns at least 10,011 shares after this. The price of the stock has increased by 71.18% since. Other insiders have also decreased their positions in the company.

Teledyne Technologies Inc. (TDY): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares

Chairman, Pres. & CEO of Teledyne Technologies Inc. (TDY) Robert Mehrabian bought 10,000 shares on 07/08/2011 at an average price of $49.45. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. Teledyne Technologies Inc. has a market cap of $1.82 billion; its shares were traded at around $49.45 with a P/E ratio of 15.1 and P/S ratio of 1. Teledyne Technologies Inc. had an annual average earnings growth of 22.5% over the past 10 years. GuruFocus rated Teledyne Technologies Inc. the business predictability rank of 4-star.

TDY recently reported first quarter 2011 sales of $468.1 million, compared with sales of $404.9 million for the first quarter of 2010. Net income attributable to Teledyne Technologies was $32.0 million ($0.86 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 28.0%. Net income attributable to Teledyne Technologies, excluding discontinued operations, was $32.5 million ($0.87 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 30.0%.

Joel Greenblatt bought 7,816 shares in the quarter that ended on 03/31/2011, which is 0.12% of the $333 million portfolio of Gotham Capital. Kenneth Fisher owns 974,881 shares as of 03/31/2011, which accounts for 0.13% of the $37.97 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 637,100 shares as of 03/31/2011, which accounts for 0.5% of the $6.54 billion portfolio of Keeley Fund Management.

VP & Controller Sue Main bought 1,000 shares of TDY stock on 06/13/2011 at the average price of 44.23. Sue Main owns at least 26,650 shares after this. The price of the stock has increased by 11.8% since. There are mixed trades from other insiders.

Methode Electronics Inc. (MEI): CEO Donald W Duda Bought 2,267 Shares

CEO of Methode Electronics Inc. (MEI) Donald W Duda bought 2,267 shares on 07/12/2011 at an average price of $10.58. Methode Electronics, Inc. manufactures component devices world-wide for Original Equipment Manufacturers of information processing and networking equipment, voice and data communications systems, consumer electronics, automobiles, aerospace vehicles and industrial equipment. Methode Electronics Inc. has a market cap of $390.9 million; its shares were traded at around $10.58 with a P/E ratio of 19.1 and P/S ratio of 0.9. The dividend yield of Methode Electronics Inc. stocks is 2.7%.

MEI recently announced financial results for the Fiscal 2011 fourth quarter and year ended April 30, 2011. Methode's fourth-quarter Fiscal 2011 net sales increased $22.8 million, or 23.6 percent, to $119.4 million from $96.6 million in the fourth quarter of Fiscal 2010. Translation of foreign currency decreased net sales $0.8 million, or 0.6 percent, in the year-over-year comparison.

John Keeley owns 127,000 shares as of 03/31/2011, an increase of 32.84% from the previous quarter. This position accounts for 0.02% of the $6.54 billion portfolio of Keeley Fund Management. James Barrow owns 754,800 shares as of 03/31/2011, which accounts for 0.02% of the $49.52 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Mario Gabelli owns 212,500 shares as of 03/31/2011, a decrease of 46.54% of from the previous quarter. This position accounts for 0.02% of the $13.97 billion portfolio of GAMCO Investors.

CFO Douglas A Koman bought 1,263 shares of MEI stock on 07/12/2011 at the average price of 13.29. Douglas A Koman owns at least 195,426 shares after this. The price of the stock has decreased by 20.39% since. Other insiders have also increased their positions in the company.

Bassett Furniture Industries Inc. (BSET): Pres & CEO Robert H Jr Spilman Bought 3,000 Shares

Pres & CEO of Bassett Furniture Industries Inc. (BSET) Robert H Jr Spilman bought 3,000 shares on 07/13/2011 at an average price of $8.18. Bassett Furniture Industries, Inc. is a manufacturer and marketer of high quality, mid-priced home furnishings. Bassett Furniture Industries Inc. has a market cap of $94.6 million; its shares were traded at around $8.18 with a P/E ratio of 22.6 and P/S ratio of 0.4. The dividend yield of Bassett Furniture Industries Inc. stocks is 1.6%.

Bassett Furniture Industries recently reported its second quarter fiscal 2011 results. Consolidated sales for the quarter ended May 28, 2011 were $66.3 million as compared to $57.8 million for the quarter ended May 29, 2010, an increase of 15%.

Donald Smith owns 661,385 shares as of 03/31/2011, which accounts for 0.16% of the $3.21 billion portfolio of Donald Smith & Co.. Mario Gabelli sold out his holdings in the quarter that ended on 03/31/2011.

Chairman of the Board Paul Fulton bought 3,000 shares of BSET stock on 07/14/2011 at the average price of 8.15. Paul Fulton owns at least 34,924 shares after this. The price of the stock has increased by 0.37% since.

Stewart Enterprises Inc. (STEI): CEO Thomas M Kitchen Bought 2,500 Shares

CEO of Stewart Enterprises Inc. (STEI) Thomas M Kitchen bought 2,500 shares on 07/08/2011 at an average price of $7.18. STEWART ENTERPRISES, INC. is a provider of products and services in the death care industry in North America. Stewart Enterprises Inc. has a market cap of $653.9 million; its shares were traded at around $7.18 with a P/E ratio of 21.2 and P/S ratio of 1.4. The dividend yield of Stewart Enterprises Inc. stocks is 1.6%.

George Soros bought 22,100 shares in the quarter that ended on 03/31/2011, which is 0.0026% of the $6.42 billion portfolio of Soros Fund Management LLC. Joel Greenblatt owns 35,205 shares as of 03/31/2011, an increase of 106.49% from the previous quarter. This position accounts for 0.08% of the $333 million portfolio of Gotham Capital.

Director John Elstrott bought 3,000 shares of STEI stock on 07/07/2011 at the average price of 7.7. John Elstrott owns at least 3,000 shares after this. The price of the stock has decreased by 6.75% since. Other insiders have also decreased their positions in the company.

For the complete list of stocks that bought by their company CEOs, go to: [url=http://www.gurufocus.com/InsiderBuy.php?position=ceo]CEO Buys[/url].

  • 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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