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Weekly Top Insider Buys: DST, CLGX, CAKE, GTE, IO

March 19, 2012 | About:
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GuruFocus

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: DST Systems Inc. (DST), CoreLogic Inc. (CLGX), The Cheesecake Factory Inc. (CAKE), Gran Tierra Energy Inc. (GTE) and ION Geophysical Corp. (IO).

The overall trend of insiders is illustrated in the chart below:



DST Systems Inc. (DST): Director Robert T. Jackson Bought 10,000 Shares



Director of DST Systems Inc., Robert T. Jackson, bought 10,000 shares on 3/09/2012 at an average price of $54.97. DST Systems Inc. provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST Systems has a market cap of $2.39 billion; its shares were traded at around $54.97 with a P/E ratio of 13.3 and P/S ratio of 1. The dividend yield of DST Systems stocks is 1.3%. DST Systems had an annual average earnings growth of 12.8% over the past 10 years. GuruFocus rated DST Systems the business predictability rank of 3.5-star.

On February 7, DST Systems Inc. reported consolidated net income attributable to DST of $41.8 million ($0.93 per diluted share) for the fourth quarter 2011 compared to $93.3 million ($2.00 per diluted share) for the fourth quarter 2010. DST Earnings for the year ended December 31, 2011 were $185.7 million ($4.01 per diluted share) compared to $318.5 million ($6.73 per diluted share) for the year ended Dec. 31, 2010.

Last week, Director Robert T. Jackson bought 10,000 shares of DST stock. Executive Vice President Robert L. Tritt and Executive Vice President Jonathan J. Boehm sold shares in February. Director Travis E. Reed and CEO of subsidiary Thomas R. Abraham sold shares in December.

CoreLogic Inc. (CLGX): CFO Frank Martell Bought 5,000 Shares



CFO of CoreLogic Inc., Frank Martell, bought 5,000 shares on 3/12/2012 at an average price of $16.73. CoreLogic Inc. was formerly known as First American Corp. CoreLogic Inc. has a market cap of $1.7 billion; its shares were traded at around $16.73 with a P/E ratio of 19.2 and P/S ratio of 1.3.

On February 27, CoreLogic Inc. reported results for the fourth quarter ended Dec. 31, 2011. Consolidated fourth quarter revenues increased 9.5% year-over-year to $345.4 million. Fourth quarter income from continuing operations totaled $15.4 million, a $17.8 million decrease from the same prior year period. Fourth quarter 2011 income from continuing operations included a non-recurring charge associated with facility consolidations of $14.2 million, one-time investments in improving operating efficiency and the review of strategic alternatives totaling $7.1 million,

This month, CFO Frank Martell has bought 20,000 shares of CLGX stock.

The Cheesecake Factory Inc. (CAKE): Director Herbert Simon Bought 25,000 Shares



Director of The Cheesecake Factory Inc., Herbert Simon, bought 25,000 shares on 03/14/2012 at an average price of $31.19. The Cheesecake Factory Inc. operates many upscale, high volume, casual dining restaurants. Cheesecake Factory Inc. has a market cap of $1.7 billion; its shares were traded at around $31.19 with a P/E ratio of 18.6 and P/S ratio of 1. Cheesecake Factory Inc. had an annual average earnings growth of 10.2% over the past 10 years. GuruFocus rated Cheesecake Factory Inc. the business predictability rank of 3.5-star.

On February 21, The Cheesecake Factory Inc. reported financial results for the fourth quarter of fiscal 2011, which ended on Jan. 3, 2012. Total revenues were $477.7 million in the fourth quarter of fiscal 2011 as compared to $416.7 million in the prior year fourth quarter (14 weeks vs. 13 weeks). The additional week in the fourth quarter of fiscal 2011 contributed approximately $43 million of sales. Net income and diluted net income per share were $29.9 million and $0.54, respectively.

Last week, Director Herbert Simon bought 25,000 shares of CAKE stock. This month, Executive Vice President, General Counsel and Secretary Debby R. Zurzolo, Chairman and CEO David Overton, and President (Subsidiary) Max S. Byfuglin sold shares.

Gran Tierra Energy Inc. (GTE): Director Nicholas G. Kirton Bought 16,561 Shares



Director of Gran Tierra Energy Inc., Nicholas G. Kirton, bought 16,561 shares on 03/15/2012 at an average price of $5.98. Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the U.S. and operating in South America. Gran Tierra Energy Inc. has a market cap of $1.65 billion; its shares were traded at around $5.98 with a P/E ratio of 15.6 and P/S ratio of 2.8.

On February 27, Gran Tierra Energy Inc. announced financial and operating results for the quarter and year ended Dec. 31, 2011. Revenue and other income increased by 60% to $597.4 million in 2011 compared with $374.5 million in 2010. Net income grew by 241% from the prior year to $126.9 million, representing basic net income per share of $0.46 and diluted net income per share of $0.45. This compares with net income of $37.2 million, or $0.15 per share basic and $0.14 per share diluted, in 2010

Last week, Director Nicholas G. Kirton bought 16,561 shares of GTE stock. VP, Legal, and Secretary David Eldon Hardy bought 10,000 shares in December. President GT Brasil Ltda. Julio Cesar Dias Moreira sold shares this month and CEO and President Dana Coffield sold shares in December.

ION Geophysical Corp. (IO): Director James M. Lapeyre Jr. Bought 40,000 Shares



Director of ION Geophysical Corp., James M. Lapeyre Jr., bought 40,000 shares on 3/12/2012 at an average price of $6.4. ION Geophysical Corp. is a provider of geophysical technology, services, and solutions for the global oil & gas industry. ION Geophysical Corp. has a market cap of $1.04 billion; its shares were traded at around $6.4 with a P/E ratio of 29 and P/S ratio of 2.3.

On Feb. 15, ION Geophysical Corporation reported fourth quarter 2011 revenues of $159.9 million, compared to $158.6 million in the fourth quarter of 2010. Excluding special items as noted in the attached tables, ION reported fourth quarter 2011 net income of $23.2 million, or $0.15 per diluted share, compared to net income of $21.2 million, or $0.14 per diluted share, in the fourth quarter of 2010. Including special items, fourth quarter 2011 net income was $12.0 million, or $0.08 per diluted share, compared to net income of $20.0 million, or $0.13 per diluted share, in 2010.

Last week, Director James M. Lapeyre Jr. bought 40,000 shares of IO stock. Director Franklin Myers bought 6,000 shares in December.

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

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