Weekly CEO Buys Highlight: NAVR, PNK, WHR, NCMI, VITC

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Nov 13, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Navarre Corp. (NAVR, Financial): President and CEO Richard Willis Bought 225,300 Shares

President and CEO of Navarre Corp. (NAVR) Richard Willis bought 225,300 shares during the past week at an average price of $1.69. Navarre Corporation is a major distributor of music, software, interactive CD-ROM products and DVD videos. Navarre Corp. has a market cap of $62.3 million; its shares were traded at around $1.69 with and P/S ratio of 0.1.

NAVR recently reported its second quarter 2011 results. Net sales from continuing operations were $106.6 million, as compared to net sales from continuing operations of $120.5 million for the second quarter of the prior year.

Director Frederick C Iv Green bought 3,000 shares of NAVR stock on 11/03/2011 at the average price of 1.58. Frederick C Iv Green owns at least 11,500 shares after this. The price of the stock has increased by 6.96% since.

Pinnacle Entertainment Inc. (PNK, Financial): President and CEO Anthony Michael Sanfilippo Bought 31,250 Shares

President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 31,250 shares on 11/10/2011 at an average price of $10.99. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment Inc. has a market cap of $681.8 million; its shares were traded at around $10.99 with a P/E ratio of 22.4 and P/S ratio of 0.6.

Pinnacle Entertainment recently reported financial results for the third quarter ended September 30, 2011, as summarized in the table below. Third quarter revenues increased 7.2%, or $20.0 million, to $295.9 million from $275.9 million in the third quarter of 2010. Consolidated Adjusted EBITDA increased 16.3%, or $9.6 million, to $68.7 million, including several charges and items that affected comparability with the year ago period that are detailed on the next page, versus $59.0 million in the 2010 third quarter.

Mario Gabelli owns 653,100 shares as of 06/30/2011, which accounts for 0.07% of the $13.9 billion portfolio of GAMCO Investors. George Soros sold out his holdings in the quarter that ended on 06/30/2011.

EVP and CFO Carlos Ruisanchez bought 10,000 shares of PNK stock on 08/22/2011 at the average price of 11.4. Carlos Ruisanchez owns at least 74,660 shares after this. The price of the stock has decreased by 3.6% since. There are mixed trades from other insiders.

Whirlpool Corp. (WHR, Financial): CHAIRMAN AND CEO Jeff M Fettig Bought 5,000 Shares

CHAIRMAN AND CEO of Whirlpool Corp. (WHR) Jeff M Fettig bought 5,000 shares on 11/04/2011 at an average price of $54.59. Whirlpool Corp. manufactures and markets a full line of major appliances and related products, primarily for home use. Whirlpool Corp. has a market cap of $4.17 billion; its shares were traded at around $54.59 with a P/E ratio of 5.8 and P/S ratio of 0.2. The dividend yield of Whirlpool Corp. stocks is 3.6%.

Whirlpool Corp. recently reported its third-quarter net earnings of $177 million, or $2.27 per diluted share, compared to net earnings of $79 million, or $1.02 per diluted share reported during the same period last year. On an adjusted basis, excluding non-operating charges, diluted earnings per share(1) totaled $2.35 compared to $2.22 in the prior year. Sales in 2011 were$4.6 billion, compared to $4.5 billion reported in the third quarter of 2010, a 2 percent increase driven by favorable currency.

Daniel Loeb owns 1,000,000 shares as of 06/30/2011, an increase of 75.44% from the previous quarter. This position accounts for 3.014% of the $2.7 billion portfolio of Third Point, LLC. Brian Rogers owns 3,392,100 shares as of 09/30/2011, an increase of 17.29% from the previous quarter. This position accounts for 0.9217% of the $18.37 billion portfolio of T Rowe Price Equity Income Fund. David Dreman owns 88,690 shares as of 06/30/2011, an increase of 10.5% from the previous quarter. This position accounts for 0.138% of the $5.23 billion portfolio of Dreman Value Management. Dodge & Cox sold out his holdings in the quarter that ended on 06/30/2011.

Director William D Perez bought 1,000 shares of WHR stock on 11/03/2011 at the average price of 51.27. William D Perez owns at least 5,797 shares after this. The price of the stock has increased by 6.48% since.

National CineMedia Inc. (NCMI, Financial): President, CEO and Chairman Kurt C Hall Bought 19,298 Shares

President, CEO and Chairman of National CineMedia Inc. (NCMI) Kurt C Hall bought 19,298 shares on 11/09/2011 at an average price of $13.41. NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. National Cinemedia Inc. has a market cap of $739.5 million; its shares were traded at around $13.41 with a P/E ratio of 19.8 and P/S ratio of 1.7. The dividend yield of National Cinemedia Inc. stocks is 6.4%.

NCMI recently reported its third quarter 2011 results. Total revenue for the third quarter of 2011, a quarterly record for the Company, grew 8.2% to $136.0 million from $125.7 millionfor the comparable quarter last year. Advertising revenue for the third quarter of 2011 was $127.1 million, an increase of 8.0% compared to $117.7 million for the comparable quarter last year.

Wallace Weitz owns 882,217 shares as of 09/30/2011, an increase of 217.17% from the previous quarter. This position accounts for 0.6262% of the $2.04 billion portfolio of Weitz Wallace R & Co. NWQ Managers owns 241,550 shares as of 06/30/2011, an increase of 59.81% from the previous quarter. This position accounts for 0.0209% of the $19.36 billion portfolio of NWQ Investment Management Co. Ron Baron owns 2,848,500 shares as of 06/30/2011, which accounts for 0.2676% of the $18 billion portfolio of Baron Funds.

Vitacost.com Inc. (VITC, Financial): CEO Jeffrey Horowitz Bought 35,437 Shares

CEO of Vitacost.com Inc. (VITC) Jeffrey Horowitz bought 35,437 shares on 11/08/2011 at an average price of $6.21. Vitacost.com, Inc. is a online retailer and direct marketer, of health and wellness products, including dietary supplements or other botanicals, amino acids and metabolites, as well as cosmetics, organic body and personal care products, sports nutrition and health foods. Vitacost.com Inc. has a market cap of $172.8 million; its shares were traded at around $6.21 with and P/S ratio of 0.8.

For the third quarter of 2011, the Company reported net sales of $63.5 million, a 26.1% increase from net sales of $50.3 million for the third quarter of 2010. Due to the elimination of the loyalty membership program in the fourth quarter of 2010, advertising and fees earned from affiliates were negligible in the third quarter of 2011, compared to $0.1 million in the third quarter of 2010. Excluding these amounts, sales of third party product increased 36.9% year-over-year to $46.8 million.

George Soros owns 12,700 shares as of 06/30/2011, which accounts for 0.0009% of the $7.11 billion portfolio of Soros Fund Management LLC. Ron Baron owns 2,325,000 shares as of 06/30/2011, which accounts for 0.0625% of the $18 billion portfolio of Baron Funds.

Director, 10% Owner Jeffrey Horowitz bought 16,969 shares of VITC stock on 09/22/2011 at the average price of 4.92. Jeffrey Horowitz owns at least 583,334 shares after this. The price of the stock has increased by 26.22% since.