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Weekly Top Insider Buys: FAST, NIHD, CIM, RATE

January 01, 2012 | About:
gururk

gururk

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Weekly highlight of top insider buys: Fastenal Company (FAST), NII Holdings Inc. (NIHD), Chimera Investment (CIM), and Bankrate (RATE).

Fastenal Company (FAST): Executive Vice-President Nicholas J Lundquist Bought 10,000 Shares



Executive Vice-President of Fastenal Company, Nicholas J Lundquist, bought 10,000 shares on 12/23/2011 at an average price of $43.61. Fastenal Company sells industrial and construction supplies grouped into eleven product lines. Fastenal Company has a market cap of $12.87 billion; its shares were traded at around $43.61 with a P/E ratio of 36.7 and P/S ratio of 5.7. The dividend yield of Fastenal Company stocks is 1.3%. Fastenal Company had an annual average earnings growth of 18.1% over the past 10 years. GuruFocus rated Fastenal Company the business predictability rank of 3.5-star.

On October 13, The Fastenal Company reported the results of the quarter ended September 30, 2011. Net sales were $ 726,742 compared to $ 603,750 last year.

Last week, Executive Vice-President Nicholas J Lundquist bought 10,000 shares of FAST stock. Executive Vice President James C Jansen and Director Michael J Ancius bought shares in August.

NII Holdings Inc. (NIHD): President, Nextel Argentina Ruben Butvilofsky Bought 14,374 Shares

President, Nextel Argentina of NII Holdings Inc., Ruben Butvilofsky, bought 14,374 shares during the past week at an average price of $21.3. NII Holdings, formerly known as Nextel International, is one of the world's providers of fully integrated wireless communication services designed to meet the needs of business customers in selected international markets. NII Holdings Inc. has a market cap of $3.65 billion; its shares were traded at around $21.3 with a P/E ratio of 12 and P/S ratio of 0.6. NII Holdings Inc. had an annual average earnings growth of 24.2% over the past 10 years.

On October 27, NII Holdings Inc. announced its consolidated financial results for the third quarter of 2011. Financial results for the quarter included consolidated operating revenues of $1.75 billion, a 21 percent increase compared to the third quarter of 2010. For the third quarter of 2011, the company generated consolidated operating income of $212 million and consolidated net loss of $3 million, or $0.02 per basic share.

This month, EVP and CFO Gokul V Hemmady, President, Nextel Argentina Ruben Butvilofsky, EVP, General Counsel & Secr Gary Begeman, and President , Nextel Brazil Sergio Chaia shares of NIHD stock.

Chimera Investment (CIM): Director Gerard Creagh Bought 119,252 Shares

Director of Chimera Investment, Gerard Creagh, bought 119,252 shares on 12/22/2011 at an average price of $2.51. Chimera Investment Corporation are a newly-formed specialty finance company that will invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes and intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Chimera Investment has a market cap of $2.58 billion; its shares were traded at around $2.51 with a P/E ratio of 4.9 and P/S ratio of 4.3. The dividend yield of Chimera Investment stocks is 20.7%.

On Dec 19, The Board of Directors of Chimera Investment declared the fourth quarter 2011 common stock cash dividend of $0.11 per common share. This dividend is payable January 26, 2012 to common shareholders of record on December 29, 2011.

This month, Director John Patrick Reilly, Director Gerard Creagh, and Director Paul A Keenan bought shares of CIM stock. Head of Underwriting William B. Dyer and Director Dennis Mahoney bought shares in November. CEO, President and Director Matthew Lambiase and CFO and Secretary A Alexandra Denahan bought shares in August.

Bankrate (RATE): Director Peter C Morse Bought 618,579 Shares



Director of Bankrate, Peter C Morse, bought 618,579 shares on 12/23/2011 at an average price of $21.5. Bankrate Inc. is an aggregator of financial rate information. Bankrate has a market cap of $2.15 billion; its shares were traded at around $21.5 .

On October 27, Bankrate Inc. reported financial results for the third quarter ended September 30, 2011. Total revenue for the third quarter was $112.9 million compared to $70.6 million in the third quarter of 2010, an increase of 60%. Net income was $7.1 million or $0.07 per fully diluted share in the third quarter of 2011, compared to a loss of $7.7 million, or $0.09 per fully diluted share in the third quarter of 2010.

Last week, Director Peter C Morse bought 618,579 shares of RATE stock. 10% Owner Holding S.a.r.l. Ben and President, CEO Thomas R Evans sold shares in December.

For the complete list of stocks that bought by their company executives, go to: Insider 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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