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Weekly CEO Buys Highlight: FCAL, HAS, MTOX, KGJI, ARSD

July 23, 2011 | About:
hyperman299

hyperman299

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Last week’s top five stocks that were bought by their CEOs were FCAL, HAS, MTOX, KGJI, and ARSD. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

First California Financial Group Inc. (FCAL): President & CEO Chong Guk Kum Bought 300,000 Shares

President & CEO of First California Financial Group Inc. (FCAL) Chong Guk Kum bought 300,000 shares on 07/20/2011 at an average price of $3.81. NATIONAL MERCANTILE BANCORP principal business is to serve as a holding company for Mercantile National Bank, and for other banking or banking-related subsidiaries which the Co. First California Financial Group Inc. has a market cap of $108.2 million; its shares were traded at around $3.81 with a P/E ratio of 6.6 and P/S ratio of 1.6.

FCAL recently reported first quarter net income of $15.6 million up significantly from $117,000 for the same period a year ago. Net income available to common shareholders was $15.3 million or $0.54 per diluted share compared to a net loss available to common shareholders of $196,000 or $0.02 per share for the 2010 first quarter. Preferred dividends were $312,500 for both the first quarter of 2011 and 2010. The 2011 first quarter results include a $34.7 million pre-tax gain related to the FDIC-assisted acquisition of San Luis Trust Bank.

SEVP, COO and CFO Romolo Santarosa bought 180,000 shares of FCAL stock on 07/20/2011 at the average price of 3.75. Romolo Santarosa owns at least 190,470 shares after this. The price of the stock has increased by 1.6% since. Other insiders have also increased their positions in the company.

Hasbro Inc. (HAS): President & CEO Brian Goldner Bought 5,000 Shares

President & CEO of Hasbro Inc. (HAS) Brian Goldner bought 5,000 shares on 07/20/2011 at an average price of $40.5. Hasbro Inc. is a worldwide leader in children's and family leisure time andentertainment products and services, including the design, manufacture andmarketing of games and toys ranging from traditional to high-tech. Hasbro Inc. has a market cap of $5.52 billion; its shares were traded at around $40.5 with a P/E ratio of 15.6 and P/S ratio of 1.3. The dividend yield of Hasbro Inc. stocks is 2.9%. Hasbro Inc. had an annual average earnings growth of 6.9% over the past 10 years.

David Williams bought 345,403 shares in the quarter that ended on 06/30/2011, which is 0.2319% of the $6.54 billion portfolio of Columbia Value and Restructuring Fund. John Hussman bought 456,000 shares in the quarter that ended on 03/31/2011, which is 0.36% of the $5.99 billion portfolio of Hussman Economtrics Advisors, Inc. Ken Heebner sold out his holdings in the quarter that ended on 03/31/2011.

Senior Vice President and CFO Deborah Thomas bought 5,000 shares of HAS stock on 07/20/2011 at the average price of 39.5. Deborah Thomas owns at least 35,091 shares after this. The price of the stock has increased by 2.53% since.

Medtox Scientific Inc. (MTOX): President/CEO/Chairman Richard J Braun Bought 10,000 Shares

President/CEO/Chairman of Medtox Scientific Inc. (MTOX) Richard J Braun bought 10,000 shares on 07/18/2011 at an average price of $15.32. Medtox Scientific sells laboratory testing services in forensic toxicology, clinical toxicology, & heavy metal analyses as well as from mfd. Medtox Scientific Inc. has a market cap of $136.7 million; its shares were traded at around $15.32 with a P/E ratio of 32.6 and P/S ratio of 1.3. Medtox Scientific Inc. had an annual average earnings growth of 4.3% over the past 10 years.

MTOX recently reported its second quarter results. For the six-month period ended June 30, 2011, revenues were $53.7 million, compared to $46.3 million for the prior-year period. Gross profit was $22.5 million, compared to $18.4 million for the prior-year period. Operating income was $3.4 million, compared to $1.7 million for the prior-year period. The Company recorded net income of $2.2 million, compared to $1.1 million for the prior-year period. Earnings per diluted share were $0.24, compared to $0.12 for the prior-year period.

John Rogers owns 149,855 shares as of 03/31/2011, which accounts for 0.04% of the $5.71 billion portfolio of Ariel Capital Management.

Kingold Jewelry Inc. (KGJI): CEO and Chairman, 10% Owner Jia Zhi Hong Bought 70,000 Shares

CEO and Chairman, 10% Owner of Kingold Jewelry Inc. (KGJI) Jia Zhi Hong bought 70,000 shares on 07/15/2011 at an average price of $1.83. Kingold Jewelry, Inc., centrally located in Wuhan, is one of China's designers and manufacturers of 24K gold jewelry sold by weight. Kingold Jewelry Inc. has a market cap of $91.3 million; its shares were traded at around $1.83 with and P/S ratio of 0.2.

Arabian American Development Company (ARSD): President and CEO Nicholas Carter Bought 4,970 Shares

President and CEO of Arabian American Development Company (ARSD) Nicholas Carter bought 4,970 shares on 07/20/2011 at an average price of $4.5. ARABIAN AMER's principal business activities include refining petrochemical products and developing mineral properties in Saudi Arabia and the United States. Arabian American Development Company has a market cap of $106.6 million; its shares were traded at around $4.5 with a P/E ratio of 45 and P/S ratio of 0.7.

10% Owner Athel Fahad Mohammed Saleh Al bought 1,400 shares of ARSD stock on 07/07/2011 at the average price of 4. Athel Fahad Mohammed Saleh Al owns at least 4,050,588 shares after this. The price of the stock has increased by 12.5% since. Other insiders have also increased their positions in the company.

  • 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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