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Weekly CEO Buys Highlight: BFS, NCT, NL, UNIS, MSCI

October 01, 2011 | About:
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Saul Centers Inc. (BFS): CEO, 10% Owner B Francis Saul Ii Bought 186,968 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 186,968 shares on 09/23/2011 at an average price of $33.81. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $640.1 million; its shares were traded at around $33.81 with a P/E ratio of 16.4 and P/S ratio of 3.9. The dividend yield of Saul Centers Inc. stocks is 4.3%.

Saul Centers recently announced its operating results for the quarter ended June 30, 2011. Total revenue for the three months ended June 30, 2011 increased 6.7% to $42,779,000 compared to $40,087,000 for the three months ended June 30, 2010. Operating income, which is net income available to common stockholders before income attributable to the noncontrolling interest and preferred stock dividends, decreased 23.8% to $8,193,000 for the 2011 Quarter compared to $10,746,000 for the 2010 Quarter. Net income available to common stockholders was $2,613,000, or $0.14 per diluted share, for the 2011 Quarter compared to $1,888,000, or $0.10 per diluted share, for the 2010 Quarter.

Newcastle Investment Corp. (NCT): CEO and President Kenneth M Riis Bought 150,000 Shares

CEO and President of Newcastle Investment Corp. (NCT) Kenneth M Riis bought 150,000 shares on 09/22/2011 at an average price of $4.07. Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle Investment Corp. has a market cap of $322.8 million; its shares were traded at around $4.07 with a P/E ratio of 0.6 and P/S ratio of 1. The dividend yield of Newcastle Investment Corp. stocks is 9.8%.

In the second quarter of 2011, GAAP book value increased $94 million or $1.18 per share. As of June 30, 2011, GAAP book value was $108 million or $1.36 per share, compared to $14 million or $0.18 per share as of March 31, 2011.

Wallace Weitz owns 45,000 shares as of 06/30/2011, which accounts for 0.0115% of the $2.26 billion portfolio of Weitz Wallace R & Co. David Tepper sold out his holdings in the quarter that ended on 06/30/2011.

CFO Brian Chad Sigman bought 25,000 shares of NCT stock on 09/22/2011 at the average price of 4.55. Brian Chad Sigman owns at least 25,000 shares after this. The price of the stock has decreased by 10.55% since. Other insiders have also increased their positions in the company.

NL Industries Inc. (NL): Chairman of the Board & CEO, 10% Owner Harold C Simmons Bought 46,205 Shares

Chairman of the Board & CEO, 10% Owner of NL Industries Inc. (NL) Harold C Simmons bought 46,205 shares during the past week at an average price of $12.53. NL INDUSTRIES, INC. conducts its operations through its two wholly-owned subsidiaries, Kronos, Inc. Nl Industries Inc. has a market cap of $609.8 million; its shares were traded at around $12.53 with a P/E ratio of 6.4 and P/S ratio of 4.5. The dividend yield of Nl Industries Inc. stocks is 3.9%.

Unilife Corp. (UNIS): CEO Alan Shortall Bought 115,625 Shares

CEO of Unilife Corp. (UNIS) Alan Shortall bought 115,625 shares on 09/27/2011 at an average price of $4.2. Unilife Corporation is a medical device company based in U. Unilife Corp. has a market cap of $268.1 million; its shares were traded at around $4.2 with and P/S ratio of 40.4.

Revenues for the three months ended June 30, 2011 were $0.7 million compared to $2.7 million for the same period in 2010. This decrease was largely attributable to a decrease of $1.2 million in milestone payments from Unilife's pharmaceutical partner associated with the industrialization program for the Unifill syringe, as well as a decrease in product sales of $0.8 million reflecting the Company's decision to discontinue its contract manufacturing operations and instead focus on the commercialization, production and supply of its own propriety line of products.

Ramin Mojdehbakhsh bought 55,000 shares of UNIS stock on 09/01/2011 at the average price of 4.59. Ramin Mojdehbakhsh owns at least 229,600 shares after this. The price of the stock has decreased by 8.5% since.

MSCI (MSCI): Chairman, CEO and President Henry A Fernandez Bought 10,000 Shares

Chairman, CEO and President of MSCI (MSCI) Henry A Fernandez bought 10,000 shares on 09/23/2011 at an average price of $30.33. MSCI Inc. is a provider of investment decision support tools to investment institutions worldwide. Msci has a market cap of $3.65 billion; its shares were traded at around $30.33 with a P/E ratio of 20.3 and P/S ratio of 5.4.

Operating revenues increased 80.9% to $226.5 million in second quarter 2011 and 82.2% to $449.8 million for six months 2011. Compared to pro forma 2010, second quarter 2011 revenues grew by 12.0% and six months 2011 revenues rose 12.3%.

Ron Baron owns 10,989,626 shares as of 06/30/2011, which accounts for 2.3007% of the $18 billion portfolio of Baron Funds. George Soros sold out his holdings in the quarter that ended on 06/30/2011.

CFO David M Obstler sold 15,000 shares of MSCI stock on 06/21/2011 at the average price of 38.4. David M Obstler owns at least 25,111 shares after this. The price of the stock has decreased by 21.02% since. Other insiders have also decreased their positions in the company.

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