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Weekly CEO Buys Highlight: OI, BK, MBI, CWTR, DX

September 11, 2011 | About:
hyperman299

hyperman299

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

Owens-Illinois Inc. (OI): Board Chair & CEO Albert P. L. Stroucken Bought 121,200 Shares

Board Chair & CEO of Owens-Illinois Inc. (OI) Albert P. L. Stroucken bought 121,200 shares on 09/09/2011 at an average price of $16.64. Owens-Illinois Inc. is one of the largest manufacturers of glass containers in North America, South America, Australia, New Zealand, and China, and one of the largest in Europe. Owens-Illinois Inc. has a market cap of $2.73 billion; its shares were traded at around $16.64 with a P/E ratio of 6.9 and P/S ratio of 0.4.

Owens-Illinois reported second quarter 2011 earnings from continuing operations attributable to the company of $0.42 per share (diluted), compared to $0.79 per share (diluted) in the prior year. Adjusted net earnings (non-GAAP) were $0.59 per share, compared to $0.84 per share in the second quarter of 2010, and were in line with Owens-Illinois’s updated business outlook provided on June 15, 2011.

David Dreman owns 220,390 shares as of 06/30/2011, which accounts for 0.1088% of the $5.23 billion portfolio of Dreman Value Management.

Senior Vice President and CFO Edward C. White sold 13,000 shares of OI stock on 03/16/2011 at the average price of $29.26. Edward C. White owns at least 106,848 shares after this. The price of the stock has decreased by 43.13% since. There are mixed trades from other insiders.

Bank of New York Mellon (BK): Chairman, President & CEO Gerald L. Hassell Bought 50,000 Shares

Chairman, President & CEO of Bank of New York Mellon (BK) Gerald L. Hassell bought 50,000 shares on 09/02/2011 at an average price of $19.92. Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank if New York Mellon has a market cap of $24.56 billion; its shares were traded at around $19.92 with a P/E ratio of 8.7 and P/S ratio of 1.7. The dividend yield of Bank Of New York Mellon stocks is 2.6%.

BK recently reported its second quarter 2011 financial highlights. The company announced total revenue of $3.9 billion for the second quarter. This is a 15% increase from results as of the second quarter of 2010.

Hotchkis & Wiley bought 12,400 shares in the quarter that ended on 06/30/2011, which is 0.0019% of the $17.1 billion portfolio of Hotchkis & Wliey Capital Management LLC. John Rogers owns 130,530 shares as of 06/30/2011, a decrease of 22.46% of from the previous quarter. This position accounts for 0.0621% of the $5.39 billion portfolio of Ariel Capital Management.

Vice Chairman & CFO Thomas P. Gibbons bought 25,000 shares of BK stock on 09/02/2011 at the average price of $20.37. Thomas P. Gibbons owns at least 362,431 shares after this. The price of the stock has decreased by 2.21% since.

MBIA Inc. (MBI): CEO Joseph W. Brown Bought 100,000 Shares

CEO of MBIA Inc. (MBI) Joseph W. Brown bought 100,000 shares on 09/02/2011 at an average price of $7.38. MBIA Incorporated is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. MBIA Inc. has a market cap of $1.45 billion; its shares were traded at around $7.38 with and P/S ratio of 1.7.

MBI recently reported its second quarter 2011 results. The company reported Adjusted Book Value (ABV) per share (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $37.22 as of June 30, 2011, compared with $35.57 as of March 31, 2011. Book value per share was $9.56 as of June 30, 2011.

Mario Gabelli bought 10,000 shares in the quarter that ended on 06/30/2011, which is 0.0006% of the $13.9 billion portfolio of GAMCO Investors. Bruce Berkowitz owns 46,832,270 shares as of 06/30/2011, an increase of 13.52% from the previous quarter. This position accounts for 3.1518% of the $12.91 billion portfolio of Fairholme Capital Management. George Soros owns 11,400 shares as of 06/30/2011, a decrease of 71.85% of from the previous quarter. This position accounts for 0.0014% of the $7.11 billion portfolio of Soros Fund Management LLC.

President, CFO and CAO C. Edward Chaplin bought 25,000 shares of MBI stock on 05/27/2011 at the average price of $9.01. C. Edward Chaplin owns at least 399,221 shares after this. The price of the stock has decreased by 18.09% since. There are mixed trades from other insiders.

Coldwater Creek Inc. (CWTR): Chairman & CEO, 10% Owner Dennis C. Pence Bought 685,752 Shares

Chairman & CEO, 10% Owner of Coldwater Creek Inc. (CWTR) Dennis C. Pence bought 685,752 shares during the past week at an average price of $1.2. Coldwater Creek Inc. is a specialty direct mail retailer of apparel, gifts, jewelry and home furnishings. Coldwater Creek Inc. has a market cap of $111 million; its shares were traded at around $1.2 with and P/S ratio of 0.1.

Mario Gabelli owns 1,095,000 shares as of 06/30/2011, which accounts for 0.011% of the $13.9 billion portfolio of GAMCO Investors. Arnold Schneider owns 761,144 shares as of 06/30/2011, a decrease of 21.15% of from the previous quarter. This position accounts for 0.0617% of the $1.73 billion portfolio of Schneider Capital Management.

Director Frank Lesher bought 11,600 shares of CWTR stock on 06/23/2011 at the average price of $1.29. Frank Lesher owns at least 61,049 shares after this. The price of the stock has decreased by 6.98% since.

Dynex Capital Inc. (DX): Chairman and CEO, 10% Owner Thomas B. Akin Bought 51,000 Shares

Chairman and CEO, 10% Owner of Dynex Capital Inc. (DX) Thomas B. Akin bought 51,000 shares on 09/07/2011 at an average price of $8.44. Dynex Capital Inc. and its subsidiaries and affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Dynex Capital Inc. has a market cap of $340.4 million; its shares were traded at around $8.44 with a P/E ratio of 6.1 and P/S ratio of 7. The dividend yield of Dynex Capital Inc. stocks is 12.8%.

DX recently reported its second quarter results. Net interest income increased to $15.0 million for the second quarter of 2011 versus $7.9 million for the second quarter of 2010. Most of the increase is attributable to growth in average interest earning investments to $2,357.3 million for the second quarter of 2011 from $941.0 million for the second quarter of 2010, partially offset by a decline in the yield on interest earning assets. Amortization of investment purchase premium for the second quarter of 2011 was $6.6 million versus $1.9 million for the second quarter of 2010 and $3.9 million for the first quarter of 2011, reflecting the growing investment portfolio and the higher cost basis of recently added Agency MBS.

John Keeley owns 44,670 shares as of 06/30/2011, which accounts for 0.007% of the $6.13 billion portfolio of Keeley Fund Management.

Executive Vice President and Chief Investment Officer Byron L. Boston bought 2,297 shares of DX stock on 09/08/2011 at the average price of $8.43. Byron L. Boston owns at least 123,003 shares after this. The price of the stock has increased by 0.12% since.

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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