According to GuruFocus Insider Data, these are the largest insider buys during the past week: AGCO Corporation (NYSE:AGCO), NuStar Energy LP (NYSE:NS), Bristow Group Inc. (NYSE:BRS), Halcon Resources Corp. (NYSE:HK) and Francesca’s Holdings Corp. (NASDAQ:FRAN).
The overall trend of insiders is illustrated in the chart below:
AGCO Corporation (NYSE:AGCO): Director Mallika Srinivasan Bought 114,079 Shares
Director of AGCO Corporation, Mallika Srinivasan, bought 114,079 shares during the past week at an average price of $47.16. AGCO Corp. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the U.S. and Canada. AGCO Corporation has a market cap of $4.09 billion; its shares were traded at around $47.16 with a P/E ratio of 7.5 and P/S ratio of 0.5. AGCO Corporation had an annual average earnings growth of 11% over the past 10 years. GuruFocus rated AGCO Corporation the business predictability rank of 3-star.
On July 26, AGCO reported net sales of approximately $2.7 billion for the second quarter of 2012, an increase of approximately 14.1% compared to net sales of $2.4 billion for the second quarter of 2011. Reported and adjusted net income per share were $2.08 for the second quarter of 2012. These results compare to reported net income per share of $1.36 and adjusted net income per share of $1.35 for the second quarter of 2011. Excluding unfavorable currency translation impacts of approximately 11.2%, net sales in the second quarter of 2012 increased approximately 25.3% compared to the same period in 2011.
Last week, Director Mallika Srinivasan bought shares of AGCO stock. Director Daniel C. Ustian bought 446 shares in August. Senior Vice President and Chief Supply Chain Officer Hans Bernd Veltmaat and Director Daniel C. Ustian bought shares in May.
NuStar Energy LP (NYSE:NS): Director William E. Greehey Bought 490,000 Shares
Director of NuStar Energy LP William E. Greehey bought 490,000 shares on 09/10/2012 at an average price of $49.94. Valero LP, formerly Shamrock Logistics LP, owns and operates most of Ultramar Diamond Shamrock's crude oil and refined product pipeline, terminalling, and storage assets that support the McKee, Three Rivers, and Ardmore refineries and its marketing operations located in Texas, Oklahoma, Colorado, New Mexico and Arizona. Nustar Energy LP has a market cap of $3.59 billion; its shares were traded at around $49.94 with a P/E ratio of 32.1 and P/S ratio of 0.6. The dividend yield of Nustar Energy LP stocks is 8.6%. Nustar Energy LP had an annual average earnings growth of 1.2% over the past five years.
On July 27, NuStar Energy LP announced second quarter distributable cash flow available to limited partners of $16.9 million, or $0.24 per unit, compared to 2011 second quarter distributable cash flow of $119.4 million, or $1.85 per unit. Second quarter earnings before interest, taxes, depreciation and amortization (EBITDA) was negative $161.2 million compared to second quarter 2011 EBITDA of $160.0 million. The company reported a second quarter net loss applicable to limited partners of $251.6 million, or $3.56 per unit, compared to net income applicable to limited partners of $81.8 million, or $1.27 per unit, earned in the second quarter of 2011.
This month, President and CEO Curt Anastasio, Director Jesse D. Bates, Director William E. Greehey, and Director Dan J. Hill bought shares of NS stock. Director Jesse D. Bates bought 1,000 shares in April.
Bristow Group Inc. (NYSE:BRS): Senior Vice President, CFO Jonathan Baliff Bought 1,750 Shares
Senior Vice President, CFO of Bristow Group Inc. Jonathan Baliff bought 1,750 shares on 9/13/2012 at an average price of $52.35. Bristow Group Inc. is a provider of helicopter services to the worldwide energy industry. Bristow Group Inc. has a market cap of $1.68 billion; its shares were traded at around $52.35 with a P/E ratio of 13.7 and P/S ratio of 1.3. The dividend yield of Bristow Group Inc. stocks is 1.7%. Bristow Group Inc. had an annual average earnings growth of 5.4% over the past 10 years.
On August 6, Bristow Group Inc. reported net income for the June 2012 quarter of $23.7 million, or $0.65 per diluted share, compared to net income of $21.0 million, or $0.57 per diluted share, in the same period a year ago. Adjusted net income, which excludes asset dispositions and a special item, was $29.6 million, or $0.81 per diluted share, for the June 2012 quarter, an increase of$9.7 million, or $0.27 per diluted share, over the June 2011 quarter. Operating revenue for the June 2012 quarter increased 12% to $320.7 million from$286.8 million in the June 2011 quarter, with revenue growth in Europe, West Africa and North America.
Last week, Senior Vice President, CFO Jonathan Baliff bought 1,750 shares of BRS stock. Vice President Brian J. Allman, Director Thomas N. Amonett, Director Stephen .J Cannon, and President and CEO William E. Chiles sold shares this month.
Halcón Resources Corp (NYSE:HK): Director James W. Christmas Bought 100,000 Shares
Director of Halcón Resources Corp (NYSE:HK) James W. Christmas bought 100,000 shares on 09/13/2012 at an average price of $7.66. Halcón Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. Halcón Resources Corp has a market cap of $1.63 billion; its shares were traded at around $7.66 with and P/S ratio of 15.7.
On August 2, Halcón Resources Corporation announced its second quarter 2012 financial and operational results. Halcón reported net income for the quarter of $2.8 million, or $0.02 per diluted share, after adjusting for selected items, compared to net income of $2.3 million, or $0.09 per diluted share in the comparable quarter of 2011. Before adjusting for selected items, the Company reported a net loss available to common stockholders of $79.7 million, or $0.59 per diluted share for the quarter.
Last week, Director James W. Christmas bought 100,000 shares of HK stock. Vice President Investor Relations Scott M. Zuehlke, Director Tucker S. Bridwell, Executive Vice President and General Counsel David S. Elkouri, and President Stephen W. Herod bought shares in August.
Francesca's Holdings Corp (NASDAQ:FRAN): President Neill P. Davis Bought 25,000 Shares
President of Francesca's Holdings Corp. (NASDAQ:FRAN) Neill P. Davis bought 25,000 shares on 09/07/2012 at an average price of $31.66. Francesca's Holdings Corporation is a specialty retailer of women's apparel products. Francesca's Holdings Corp has a market cap of $1.54 billion; its shares were traded at around $31.66 with a P/E ratio of 54.4 and P/S ratio of 7.6.
On Sept. 4, Francesca's Holdings Corporation announced financial results for the fiscal second quarter ended July 28, 2012. Net sales increased $25.1 million, or 49.1%, compared with the same period in fiscal 2011. Comparable boutique sales increased 20.7% following an increase of 5.4% in the same prior year period. Gross profit as a percentage of net sales increased 205 basis points compared with last year's second quarter. The increase is primarily the result of leveraging occupancy costs.
This month, Director Richard J. Emmett and President Neill P. Davis bought shares of FRAN stock. Director Joseph Michael Scharfenberger, Executive Vice President and General Counsel Khalid Mir Malik, President and CEO Meritt John Thomas De, and Executive Vice President and CFO Gene S. Morphis sold shares in April.
For the complete list of stocks that were 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.