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Weekly Top Insider Buys: APA, DLTR, PTP, NPBC, GABC

October 23, 2011 | About:
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gururk

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Weekly highlight of top insider buys: Apache Corp. (APA), Dollar Tree Inc. (DLTR), Platinum Underwriters Holdings Ltd. (PTP), National Penn Bancshares Inc. (NPBC), and German American Bancorp Inc. (GABC).

Apache Corp. (APA): Director Chansoo Joung Bought 5,000 Shares



Director of Apache Corp., Chansoo Joung, bought 5,000 shares on 10/17/2011 at an average price of $94.73. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $36.37 billion; its shares were traded at around $94.73 with a P/E ratio of 9 and P/S ratio of 3. The dividend yield of Apache Corp. stocks is 0.7%. Apache Corp. had an annual average earnings growth of 15.2% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 2.5-star.

On Aug. 4, Apache Corporation reported production of 749,000 barrels of oil equivalent (boe) per day and earnings of $1.2 billion, or $3.17 per diluted share, for the three-month period ending June 30, 2011. These compare with production of 647,000 boe per day and net income of $860 million, or $2.53 per diluted share, for the same period in the prior year.

This month, Director William C. Montgomery and Director Chansoo Joung bought shares of APA stock. Former Officer David A. Carmony sold 11,557 shares in August. Executive Vice President P. Anthony Lannie and Former Executive Officer John A. Crum sold shares in July.

Dollar Tree Inc. (DLTR): Director Arnold S. Barron Bought 5,000 Shares

Director of Dollar Tree Inc., Arnold S. Barron, bought 5,000 shares on 10/13/2011 at an average price of $80.05. Dollar Tree Stores Inc. is an operator of discount variety stores offering merchandise at a fixed price point of $1. Dollar Tree Inc. has a market cap of $9.77 billion; its shares were traded at around $80.05 with a P/E ratio of 22.1 and P/S ratio of 1.7. Dollar Tree Inc. had an annual average earnings growth of 13.4% over the past 10 years. GuruFocus rated Dollar Tree Inc. the business predictability rank of 3-star.

CEO Bob Sasser sold 30,921 shares of DLTR stock on 06/03/2011 at the average price of 61.62. Bob Sasser owns at least 109,723 shares after this. The price of the stock has increased by 29.91% since.

On August 18, Dollar Tree Inc. reported its results for the quarter ended July 30, 2011. Consolidated net sales for the second quarter were $1.54 billion, an 11.9% increase compared to $1.38 billion reported for the quarter ended July 31, 2010 ("second quarter 2010"). Comparable store sales increased 4.7%, on top of a 6.7% increase for the second quarter 2010. Earnings per diluted share for the second quarter were $0.77, an increase of 26.2% compared to the $0.61 earnings per diluted share reported for the quarter ended July 31, 2010.

This month, Director Arnold S. Barron bought 5,000 shares of DLTR stock. Chief Information Officer Raymond K. Hamilton sold 4,500 shares in September. COO Gary M. Philbin and Chief Information Officer Raymond K. Hamilton sold shares in July.

Platinum Underwriters Holdings Ltd. (PTP): Executive Vice President & CFO Allan Carl Decleir Bought 3,300 Shares

Executive Vice President and CFO of Platinum Underwriters Holdings Ltd., Allan Carl Decleir, bought 3,300 shares on 10/20/2011 at an average price of $32.74. Platinum Underwriters Holdings Ltd. provides property and casualty reinsurance coverages to a diverse clientele on a worldwide basis. Platinum Underwriters Holdings Ltd. has a market cap of $1.22 billion; its shares were traded at around $32.74 with and P/S ratio of 1.2. The dividend yield of Platinum Underwriters Holdings Ltd. stocks is 1%.

On October 18, Platinum Underwriters Holdings Ltd. reported a net loss of $53.5 million and a loss per common share of $1.43 for the quarter ended September 30, 2011.The results for the quarter include net premiums earned of $166.8 million, net favorable development of $27.8 million, net investment income of $29.8 million and net realized gains on investments of $7.5 million.

This month, Platinum U.S. President and CEO H. Elizabeth Mitchell and Executive Vice President and CFO Allan Carl Decleir bought shares of PTP stock.

National Penn Bancshares Inc. (NPBC): Director Christian F. Martin IV Bought 1,416 Shares

Director of National Penn Bancshares Inc., Christian F. Martin IV, bought 1,416 shares on 10/17/2011 at an average price of $7.97. National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares Inc. has a market cap of $1.21 billion; its shares were traded at around $7.97 with a P/E ratio of 21 and P/S ratio of 2.5. The dividend yield of National Penn Bancshares Inc. stocks is 1.6%.

Last week, Director Christian F. Martin IV bought 1,416 shares of NPBC stock. In September, Director, 10% Owner Pincus Private Equity Warburg and Director Michael E. Martin bought shares of NPBC stock.

German American Bancorp Inc. (GABC): Director Douglas A. Bawel Bought 1,799 Shares

Director of German American Bancorp Inc., Douglas A. Bawel, bought 1,799 shares on 10/17/2011 at an average price of $16.89. German American Bancorp Inc. is a multi-bank holding company. German American Bancorp Inc. has a market cap of $212.8 million; its shares were traded at around $16.89 with a P/E ratio of 12.4 and P/S ratio of 2.6. The dividend yield of German American Bancorp Inc. stocks is 3.3%. German American Bancorp Inc. had an annual average earnings growth of 3.6% over the past 10 years.

On July 26, German American Bancorp Inc. reported that its second quarter and year-to-date 2011 earnings achieved a record level of performance for the company. The company’s second quarter net income of $4,864,000, or $0.39 per share, exceeded by 5%, on a per share basis, the $4,645,000, or $0.37 per share, recorded in the first quarter of this year, and was approximately 26% higher, on a per share basis, than the $3,408,000, or $0.31 per share that the company earned in the second quarter of 2010.

This month, Director Thomas W. Seger, Director Christina M. Ernst, Director Douglas A. Bawel, Director Chris A. Ramsey, and Director U. Butch Klem bought shares of GABC stock.

Rating: 3.4/5 (7 votes)

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