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Weekly CEO Buys Highlight: Tower International, Thomas Properties Group, GSV Capital Group, Harte-Hanks, Synalloy

September 10, 2012 | About:
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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:

Tower International Inc. (TOWR): President and CEO Mark Malcolm Bought 74,451 Shares

President and CEO of Tower International Inc. (TOWR) Mark Malcolm bought 74,451 shares on 09/06/2012 at an average price of $7.5. TA Delaware Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. Tower International Inc. has a market cap of $152.6 million; its shares were traded at around $7.5 with a P/E ratio of 5.2 and P/S ratio of 0.1.

Tower International recently reported its second quarter 2012 financial results. Revenue for second quarter 2012 was $644 million, up $41 million or 7 percent from $603 million in the second quarter 2011.

Director Frank E. English Jr. bought 1,000 shares of TOWR stock on 08/15/2012 at the average price of 8.45. Frank E. English Jr. owns at least 1,500 shares after this. The price of the stock has decreased by 11.24% since.

Thomas Properties Group Inc. (TPGI): Chairman, President & CEO James A. Thomas Bought 87,500 Shares

Chairman, President & CEO of Thomas Properties Group Inc. (TPGI) James A. Thomas bought 87,500 shares on 09/04/2012 at an average price of $5.59. Thomas Properties Group Inc. is a real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the U.S. Thomas Properties Group Inc. has a market cap of $207.6 million; its shares were traded at around $5.59 with a P/E ratio of 26.5 and P/S ratio of 2.2. The dividend yield of Thomas Properties Group Inc. stocks is 1.1%.

Thomas Properties Group recently reported its second quarter 2012 financial results. The consolidated net loss for the three months ended June 30, 2012 was $4.8 million or $0.12 per share compared to consolidated net loss of $3.0 million or $0.08 per share for the three months ended June 30, 2011.

Third Avenue Management owns 7,667,279 shares as of 06/30/2012, which accounts for 0.99% of the $4.21 billion portfolio of Third Avenue Management. Arnold Schneider owns 365,442 shares as of 06/30/2012, which accounts for 0.19% of the $1.05 billion portfolio of Schneider Capital Management.

Co-COO and General Counsel Paul S. Rutter sold 3,166 shares of TPGI stock on 08/30/2012 at the average price of $5.38. Paul S. Rutter owns at least 97,713 shares after this. The price of the stock has increased by 3.9% since. Other insiders have also decreased their positions in the company.

GSV Capital Corp (GSVC): President and CEO Michael T. Moe Bought 11,500 Shares

President and CEO of GSV Capital Corp (GSVC) Michael T. Moe bought 11,500 shares on 09/05/2012 at an average price of $8.61. GSV Capital Corp. is an externally managed non-diversified closed-end management investment company. GSV Capital Corp has a market cap of $107.2 million; its shares were traded at around $8.61 with and P/S ratio of 661.7.

GSV Capital recently reported its second quarter 2012 financial results. Investment income was $110,354, or $0.01 per share, for the three months ended June 30, 2012. Net investment loss was $2,080,119, or $0.13 per share, in the second quarter of 2012, compared to $565,305, or $0.24 per share, for the prior year period.

Director Mark D. Klein bought 2,500 shares of GSVC stock on 08/30/2012 at the average price of $8.75. Mark D. Klein owns at least 22,667 shares after this. The price of the stock has decreased by 1.6% since.

Harte-Hanks Inc. (HHS): President and CEO Larry Franklin Bought 10,000 Shares

President and CEO of Harte-Hanks Inc. (HHS) Larry Franklin bought 10,000 shares on 08/31/2012 at an average price of $7.22. Harte-Hanks is a worldwide direct and targeted marketing company that provides marketing services and shopper advertising opportunities to local, regional, national and international consumer and business-to-business marketers. Harte-Hanks Inc. has a market cap of $438.5 million; its shares were traded at around $7.22 with a P/E ratio of 10.6 and P/S ratio of 0.5. The dividend yield of Harte-Hanks Inc. stocks is 4.9%.

For the three months ended June 30, 2012, the company generated free cash of $11.1 million, an increase from $8.8 million in the prior year’s second quarter. Capital expenditures for the quarter were $2.6 million compared to $7.0 million in the prior year’s second quarter.

Joel Greenblatt bought 84,548 shares in the quarter that ended on 06/30/2012, which is 0.057% of the $1.36 billion portfolio of Gotham Capital. Richard Pzena owns 4,371,449 shares as of 06/30/2012, which accounts for 0.47% of the $8.56 billion portfolio of Pzena Investment Management LLC.

Director David L. Copeland bought 20,000 shares of HHS stock on 08/14/2012 at the average price of $6.6. David L. Copeland owns at least 113,591 shares after this. The price of the stock has increased by 9.39% since.

Synalloy Corporation (SYNL): CEO and President Craig C. Bram Bought 5,000 Shares

CEO and President of Synalloy Corporation (SYNL) Craig C. Bram bought 5,000 shares on 09/07/2012 at an average price of $13.05. Synalloy Corporation operates in two principal industry segments: chemical & metal. Synalloy Corporation has a market cap of $83.1 million; its shares were traded at around $13.05 with a P/E ratio of 20.8 and P/S ratio of 0.5. The dividend yield of Synalloy Corporation stocks is 1.9%.

Director James W. Terry Jr. bought 2,000 shares of SYNL stock on 08/27/2012 at the average price of 13.02. James W. Terry Jr. owns at least 8,222 shares after this. The price of the stock has increased by 0.23% since. Other insiders have decreased their positions in the company.

  • 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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