Weekly CEO Buys Highlight: PAY, DECK, PBY, HNRG, MCHX

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Jul 14, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


VeriFone Systems Inc (PAY, Financial): CEO Douglas Bergeron Bought 310,000 Shares


CEO of VeriFone Systems Inc (PAY) Douglas Bergeron bought 310,000 shares during the past week at an average price of $36.59. Verifone Holdings, Inc., a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone Systems Inc has a market cap of $3.52 billion; its shares were traded at around $36.59 with a P/E ratio of 17.3 and P/S ratio of 2.7.


VeriFone Systems recently reported its second quarter fiscal 2012 financial results. Non-GAAP net revenues for the second quarter of fiscal year 2012 were $479 million, compared to $425 million in the previous quarter and $293 million for the comparable period of fiscal 2011, a 64% year-over-year increase. GAAP net revenues were $472 million for the latest quarter, $420 million for the prior quarter, and $292 million for the second quarter of fiscal year 2011.


Meridian Funds bought 566,665 shares in the quarter that ended on 03/31/2012, which is 0.87% of the $3.37 billion portfolio of Meridian Fund. Michael Price owns 122,500 shares as of 03/31/2012, a decrease of 59.84% of from the previous quarter. This position accounts for 0.9% of the $703 million portfolio of MFP Investors LLC.


Director Charles R Rinehart sold 22,000 shares of PAY stock on 05/30/2012 at the average price of 36.82. The price of the stock has decreased by 0.62% since. Other insiders have also decreased their positions in the company.


Deckers Outdoor Corp (DECK, Financial): CEO Angel R Martinez Bought 10,000 Shares


CEO of Deckers Outdoor Corp (DECK) Angel R Martinez bought 10,000 shares on 07/11/2012 at an average price of $46.98. DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use. Deckers Outdoor Corp has a market cap of $1.73 billion; its shares were traded at around $46.98 with a P/E ratio of 9.4 and P/S ratio of 1.3. Deckers Outdoor Corp had an annual average earnings growth of 40.7% over the past 10 years. GuruFocus rated Deckers Outdoor Corp the business predictability rank of 4.5-star.


Deckers recently reported its first quarter 2012 financial results. Net sales increased 20.2% to $246.3 million compared to $204.9 million for the same period last year. Diluted EPS was $0.20 compared to $0.49 for the same period last year.


John Burbank bought 56,000 shares in the quarter that ended on 03/31/2012, which is 0.12% of the $2.95 billion portfolio of Passport Capital. Ron Baron bought 81,000 shares in the quarter that ended on 03/31/2012, which is 0.031% of the $16.69 billion portfolio of Baron Funds. PRIMECAP Management bought 15,900 shares in the quarter that ended on 03/31/2012, which is 0.0015% of the $67.24 billion portfolio of PRIMECAP Management.


Director Rex A Licklider bought 2,000 shares of DECK stock on 05/10/2012 at the average price of 51.58. Rex A Licklider owns at least 631,594 shares after this. The price of the stock has decreased by 8.92% since. Other insiders have also increased their positions in the company.


The Pep Boys - Manny, Moe & Jack (PBY, Financial): President & CEO R. Odell Michael Bought 5,262 Shares


President & CEO of The Pep Boys - Manny, Moe & Jack (PBY) R. Odell Michael bought 5,262 shares on 07/12/2012 at an average price of $9.89. Pep Boys - MM&J is a automotive retail and service chain. The Pep Boys - Manny, Moe & Jack has a market cap of $523.6 million; its shares were traded at around $9.89 with a P/E ratio of 33 and P/S ratio of 0.3. The Pep Boys - Manny, Moe & Jack had an annual average earnings growth of 15.6% over the past 5 years.


Jean-Marie Eveillard owns 589,697 shares as of 03/31/2012, an increase of 5981.23% from the previous quarter. This position accounts for 0.035% of the $25.09 billion portfolio of First Eagle Investment Management, LLC. Donald Smith owns 1,202,127 shares as of 03/31/2012, which accounts for 0.52% of the $3.44 billion portfolio of Donald Smith & Co..


Director Jane Scaccetti bought 2,000 shares of PBY stock on 06/19/2012 at the average price of 9.25. Jane Scaccetti owns at least 40,404 shares after this. The price of the stock has increased by 6.92% since.


Hallador Energy Co (HNRG, Financial): CEO Victor P Stabio Bought 3,695 Shares


CEO of Hallador Energy Co (HNRG) Victor P Stabio bought 3,695 shares on 07/06/2012 at an average price of $7.97. Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. Hallador Energy Co has a market cap of $224.6 million; its shares were traded at around $7.97 with a P/E ratio of 7.1 and P/S ratio of 1.4. Hallador Energy Co had an annual average earnings growth of 167.1% over the past 5 years.


David Swensen bought 41,772 shares in the quarter that ended on 03/31/2012, which is 0.29% of the $128 million portfolio of Yale University.


Marchex, Inc. (MCHX, Financial): CEO, 10% Owner Russell C Horowitz Bought 2,500 Shares


CEO, 10% Owner of Marchex, Inc. (MCHX) Russell C Horowitz bought 2,500 shares on 07/10/2012 at an average price of $4.17. Marchex Inc provides technology-based services to merchants engaged in online transactions. Marchex, Inc. has a market cap of $146.5 million; its shares were traded at around $4.17 with a P/E ratio of 393.7 and P/S ratio of 1. The dividend yield of Marchex, Inc. stocks is 2%.


CFO Michael A Arends bought 1,500 shares of MCHX stock on 05/18/2012 at the average price of 3.26. Michael A Arends owns at least 482,500 shares after this. The price of the stock has increased by 27.91% since. There are mixed trades from other insiders.


For the complete list of stocks that bought by their company CEOs, go to: http://www.gurufocus.com/InsiderBuy.php?position=ceo]CEO Buys[/url].