Weekly CEO Buys Highlight: GIII, ENOC, CTFO, HTGC, LTS

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Oct 09, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


GIII Apparel Group LTD. (GIII, Financial): CEO, 10% Owner Morris Goldfarb Bought 5,000 Shares


CEO, 10% Owner of GIII Apparel Group LTD. (GIII) Morris Goldfarb bought 5,000 shares on 09/29/2011 at an average price of $24.89. G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items. Giii Apparel Group Ltd. has a market cap of $493.4 million; its shares were traded at around $24.89 with a P/E ratio of 8.8 and P/S ratio of 0.4. Giii Apparel Group Ltd. had an annual average earnings growth of 24.3% over the past 10 years.


CFO/Treas Neal Nackman sold 10,000 shares of GIII stock on 04/15/2011 at the average price of 38.3. Neal Nackman owns at least 7,855 shares after this. The price of the stock has decreased by 35.01% since.


EnerNOC Inc. (ENOC, Financial): Chairman & CEO Timothy G Healy Bought 10,000 Shares


Chairman & CEO of EnerNOC Inc. (ENOC) Timothy G Healy bought 10,000 shares on 09/30/2011 at an average price of $9.23. ENERNOC, INC. is a developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. Enernoc Inc. has a market cap of $247 million; its shares were traded at around $9.23 with and P/S ratio of 0.8.


Revenues for the second quarter of 2011 were $58.9 million, compared to $66.5 million for the same period in 2010. Gross profit for the second quarter of 2011 was $20.4 million, or 34.6% of revenue. GAAP net loss for the second quarter of 2011 was $13.0 million, or $0.51 per diluted share, compared to GAAP net income for the second quarter of 2010 of $1.1 million, or $0.04 per diluted share. Non-GAAP net loss* for the second quarter of 2011 was $7.8 million, or $0.31 per diluted share, compared to non-GAAP net income for the second quarter of 2010 of $4.3 million, or $0.17 per diluted share.


China TransInfo Technology Corp. (CTFO, Financial): CEO and President, 10% Owner Shudong Xia Bought 26,114 Shares


CEO and President, 10% Owner of China TransInfo Technology Corp. (CTFO) Shudong Xia bought 26,114 shares during the past week at an average price of $2.72. CHINA TRANSINFO, through its subsidiary Beijing PKU ChinaFront High Technology Co. China Transinfo Technology Corp. has a market cap of $68.8 million; its shares were traded at around $2.72 with a P/E ratio of 4.3 and P/S ratio of 0.6. China Transinfo Technology Corp. had an annual average earnings growth of 60% over the past 5 years.


For the quarter ended June 30, 2011, revenue increased 53.4% to $36.9 million from $24.0 million in the year-ago quarter. The majority of the increase is attributable to a 52.1% increase in transportation revenue, mainly resulting from organic growth. Revenue from products and applications in the transportation business sector was $34.3 million, or 93.1% of total revenue, compared to $22.6 million, or 94.0% of total revenue, in the year-ago quarter. The remainder of revenue derived from Digital City, land and resources, and other business sectors.


Hercules Technology Growth Capital Inc. (HTGC, Financial): President & CEO Manuel A Henriquez Bought 7,000 Shares


President & CEO of Hercules Technology Growth Capital Inc. (HTGC) Manuel A Henriquez bought 7,000 shares on 10/04/2011 at an average price of $8.6. Hercules Technology Growth Capital, Inc. is a specialized finance company providing debt and equity growth capital to technology-related companies at all stages of development. Hercules Technology Growth Capital Inc. has a market cap of $377.2 million; its shares were traded at around $8.6 with a P/E ratio of 9.1 and P/S ratio of 6.3. The dividend yield of Hercules Technology Growth Capital Inc. stocks is 10.3%. Hercules Technology Growth Capital Inc. had an annual average earnings growth of 17.9% over the past 5 years.


HTGC recently reported its second quarter 2011 financial results. Total investment income in the second quarter of 2011 was approximately $20.8 million compared to approximately $14.5 million in the second quarter of 2010. This increase was due to a higher average balance of interest earning investments outstanding during the second quarter of 2011 and accelerated fees related to early payoffs.


Director Joseph W Chow bought 5,000 shares of HTGC stock on 09/06/2011 at the average price of 8.68. Joseph W Chow owns at least 102,929 shares after this. The price of the stock has decreased by 0.92% since. Other insiders have also increased their positions in the company.


Ladenburg Thalmann Financial Services Inc. (LTS, Financial): President and CEO Richard Lampen Bought 5,000 Shares


President and CEO of Ladenburg Thalmann Financial Services Inc. (LTS) Richard Lampen bought 5,000 shares on 10/06/2011 at an average price of $1.5. Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and, through its subsidiary GBI Capital Partners, Inc. Ladenburg Thalmann Financial Services Inc. has a market cap of $274.7 million; its shares were traded at around $1.5 with and P/S ratio of 1.3.


LTS recently announced financial results for the three and six months ended June 30, 2011. Second quarter 2011 revenues were $60.2 million, a 27% increase from revenues of $47.6 million in the second quarter of 2010. Net income for the second quarter was $200,000, or $0.00 per basic and diluted share, an improvement from a net loss of $2.2 million, or ($0.01) per basic and diluted share, in the comparable 2010 period.


Director, 10% Owner Phillip Md Et Al Frost bought 50,000 shares of LTS stock on 10/06/2011 at the average price of 1.52. Phillip Md Et Al Frost owns at least 53,827,130 shares after this. The price of the stock has decreased by 1.32% since.


For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.