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hyperman299
hyperman299
Articles (1306) 

Weekly CEO Buys Highlight: INFN, HBAN, FNB, VOXX, BOOT

July 31, 2011 | About:

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Infinera Corp. (NASDAQ:INFN): President and CEO Thomas J Fallon Bought 50,000 Shares

President and CEO of Infinera Corp. (NASDAQ:INFN) Thomas J Fallon bought 50,000 shares on 07/27/2011 at an average price of $6.43. Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera Corp. has a market cap of $672.3 million; its shares were traded at around $6.43 with and P/S ratio of 1.5.

INFN recently reported its second quarter results. GAAP revenues for the second quarter of 2011 were $96.0 million compared to $92.9 million in the first quarter of 2011 and $111.4 million in the second quarter of 2010.

Wilbur Ross owns 46,275 shares as of 03/31/2011, which accounts for 0.03% of the $1.44 billion portfolio of Invesco Private Capital, Inc..

EVP, Chief Strategy Officer David F Welch bought 150,000 shares of INFN stock on 07/29/2011 at the average price of 6.79. David F Welch owns at least 16,632 shares after this. The price of the stock has decreased by 5.3% since. Other insiders have also decreased their positions in the company.

Huntington Bancshares Inc. (NASDAQ:HBAN): President, CEO & Chairman Stephen D Steinour Bought 41,525 Shares

President, CEO & Chairman of Huntington Bancshares Inc. (NASDAQ:HBAN) Stephen D Steinour bought 41,525 shares on 07/26/2011 at an average price of $6.045. Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $5.22 billion; its shares were traded at around $6.045 with a P/E ratio of 13.8 and P/S ratio of 1.6. The dividend yield of Huntington Bancshares Inc. stocks is 0.7%.

HBAN recently reported 2011 second quarter net income of $145.9 million, up $19.5 million, or 15%, from $126.4 million in the 2011 first quarter. Earnings per common share in the current quarter were $0.16, up $0.02 per share, or 14%, from $0.14 per common share in the prior quarter. Net income in the year-ago quarter was $48.8 million, or $0.03 per common share.

George Soros bought 10,100 shares in the quarter that ended on 03/31/2011, which is 0.001% of the $6.42 billion portfolio of Soros Fund Management LLC. Arnold Schneider owns 5,154,060 shares as of 03/31/2011, which accounts for 1.88% of the $1.82 billion portfolio of Schneider Capital Management. Lee Ainslie sold out his holdings in the quarter that ended on 03/31/2011.

Director Richard W Neu bought 20,000 shares of HBAN stock on 07/25/2011 at the average price of 6.06. Richard W Neu owns at least 79,051 shares after this. The price of the stock has decreased by 0.25% since.

F.N.B. Corp. (NYSE:FNB): CEO Stephen J Gurgovits Bought 10,000 Shares

CEO of F.N.B. Corp. (NYSE:FNB) Stephen J Gurgovits bought 10,000 shares on 07/28/2011 at an average price of $10. FNB Corporation is a diversified financial services company serving banking, trust, consumer finance and insurance customers through community banking affiliates and other subsidiaries with offices in Florida, Pennsylvania, Ohio and Tennessee. F.n.b. Corp. has a market cap of $1.27 billion; its shares were traded at around $10 with a P/E ratio of 15.2 and P/S ratio of 2.5. The dividend yield of F.n.b. Corp. stocks is 4.9%.

FNB recently reported second quarter 2011 financial results. Net income for the second quarter of 2011 was $22.4 million, or $0.18 per diluted share, compared to $17.2 million, or $0.14 per diluted share, in the first quarter of 2011 and $17.9 million, or $0.16 per diluted share, in the second quarter of 2010.

Chief Legal Officer James Orie sold 2,657 shares of FNB stock on 03/09/2011 at the average price of 10.36. James Orie owns at least 10,989 shares after this. The price of the stock has decreased by 3.47% since.

Audiovox Corp. (NASDAQ:VOXX): President & CEO of KGI Paul Jacobs Bought 10,000 Shares

President & CEO of KGI of Audiovox Corp. (NASDAQ:VOXX) Paul Jacobs bought 10,000 shares on 07/22/2011 at an average price of $7.19. Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $149.7 million; its shares were traded at around $7.19 with a P/E ratio of 6.5 and P/S ratio of 0.3.

VOXX recently reported its first quarter fiscal 2012 results. Net sales for the fiscal 2012 first quarter were $165.3 million, an increase of 26.9% compared to net sales of $130.3 million reported in the comparable year ago period. Sales for the quarter were in line with company estimates.

Irving Kahn owns 2,209,352 shares as of 03/31/2011, which accounts for 3.05% of the $580 million portfolio of Kahn Brothers & Company Inc.. Donald Smith owns 1,690,365 shares as of 03/31/2011, which accounts for 0.42% of the $3.21 billion portfolio of Donald Smith & Co.. Seth Klarman owns 1,060,576 shares as of 03/31/2011, which accounts for 0.48% of the $1.77 billion portfolio of The Baupost Group.

EVP/CFO/Treas/AsstSec for KGI Frederick L Farrar bought 10,000 shares of VOXX stock on 07/15/2011 at the average price of 7.58. Frederick L Farrar owns at least 10,000 shares after this. The price of the stock has decreased by 5.15% since.

LaCrosse Footwear Inc. (NYSE:BOOT): President and CEO Joseph P Schneider Bought 2,094 Shares

President and CEO of LaCrosse Footwear Inc. (NYSE:BOOT) Joseph P Schneider bought 2,094 shares on 07/27/2011 at an average price of $13.9. LACROSSE FOOTWEAR, INC. designs, develops and manufactures protective footwear for the sporting, occupational (farm/general utility and industrial) and recreational markets. Lacrosse Footwear Inc. has a market cap of $90.5 million; its shares were traded at around $13.9 with a P/E ratio of 21.7 and P/S ratio of 0.6. The dividend yield of Lacrosse Footwear Inc. stocks is 3.5%. Lacrosse Footwear Inc. had an annual average earnings growth of 2.1% over the past 5 years.

For the second quarter of 2011, LaCrosse reported net sales of $27.1 million, up 2% from $26.6 million in the second quarter of 2010. For the first half of 2011, net sales were $52.2 million, compared to $60.8 million in the same period of 2010. Excluding the government channel, the Company's combined sales to its wholesale, direct and international channels increased 13% in both the second quarter and the first half of 2011 compared to the same periods in 2010.

Director Charles Walter Smith bought 2,000 shares of BOOT stock on 07/26/2011 at the average price of 14.03. Charles Walter Smith owns at least 41,114 shares after this. The price of the stock has decreased by 0.93% 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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Rating: 2.2/5 (12 votes)

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