Weekly CEO Buys Highlight: CYS, PG, BSET, CLGX, BKJ

Author's Avatar
Oct 29, 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:





CYS Investments Inc. (CYS, Financial): Chairman, CIO, CEO and President Kevin E. Grant Bought 42,510 Shares


Chairman, president, CEO and CIO of CYS Investments Inc. (CYS) Kevin E. Grant bought 42,510 shares during the past week at an average price of $13.27. CYS Investments is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through securities for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. CYS Investments has a market cap of $2.21 billion; its shares were traded at around $13.27 with a P/E ratio of 8.3 and a P/S ratio of 9.5. The dividend yield of CYS Investments stocks is 13.6%.


CYS Investments recently reported its third quarter 2012 financial results. The company had a net income of $241.9 million during the third quarter of 2012, or $1.46 per diluted share compared to a net income of $101.7 million, or $0.87 per diluted share, in the second quarter of 2012.


Director Jeffrey Hughes sold 82,576 shares of CYS stock on 5/24/2012 at the average price of $13.8. Jeffrey Hughes owns at least 37,252 shares after this. The price of the stock has decreased by 3.84% since.


Procter & Gamble Co. (PG, Financial): COB, President and CEO Robert A. McDonald Bought 5,564 Shares


COB, president and CEO of Procter & Gamble Co. (PG) Robert A. McDonald bought 5,564 shares on 10/26/2012 at an average price of $69.44. Procter & Gamble Co. is engaged in the manufacture and sale of a range of branded consumer packaged goods. Procter & Gamble has a market cap of $189.08 billion; its shares were traded at around $69.44 with a P/E ratio of 17.6 and a P/S ratio of 2.3. The dividend yield of Procter & Gamble stocks is 3.3%. Procter & Gamble had an annual average earnings growth of 6.5% over the past 10 years.


Procter & Gamble recently reported increased core earnings per share by 5% to $1.06 for the third quarter of 2012. Diluted net earnings per share from continuing operations were $0.96, a decrease of 5% due to non-core charges of $0.10. Organic sales grew 2%.


Bill Ackman bought 21,916,208 shares in the quarter that ended on 6/30/2012, which is 17.7% of the $7.59 billion portfolio of Pershing Square Capital Management LP. Mario Gabelli owns 345,159 shares as of 6/30/2012, which accounts for 0.16% of the $13.31 billion portfolio of GAMCO Investors. Warren Buffett owns 59,602,203 shares as of 6/30/2012, which accounts for 4.9% of the $74.32 billion portfolio of Berkshire Hathaway.


McDonald bought 5,564 shares of Procter & Gamble stock on 10/26/2012 at the average price of $70.14. Robert A. McDonald owns at least 220,920 shares after this. The price of the stock has decreased by 1% since. Other insiders have decreased their positions in the company.


Bassett Furniture Industries (BSET, Financial): President and CEO Robert H. Spilman Jr. Bought 16,000 Shares


President and CEO of Bassett Furniture Industries (BSET) Robert H. Spilman Jr. bought 16,000 shares on 10/22/2012 at an average price of $11.54. Bassett Furniture Industries is a manufacturer and marketer of high quality, mid-priced home furnishings. Bassett Furniture Industries has a market cap of $119.3 million; its shares were traded at around $11.54 with a P/E ratio of 46.3 and a P/S ratio of 0.5. The dividend yield of Bassett Furniture stocks is 1.9%.


Donald Smith owns 930,181 shares as of 6/30/2012, which accounts for 0.29% of the $3.35 billion portfolio of Donald Smith & Co.


Bassett recently reported its third quarter 2012 financial results. On a consolidated basis, the company reported net sales for the third quarter of 2012 of$64.4 million, an increase of $5 million, or 8.5%, from sales levels attained in the third quarter of 2011.


Chairman Paul Fulton bought 2,000 shares of BSET stock on 10/09/2012 at the average price of $13.03. Fulton owns at least 48,429 shares after this. The price of the stock has decreased by 11.44% since. There are mixed trades from other insiders.


CoreLogic, Inc. (CLGX, Financial): President and CEO Anand K. Nallathambi Bought 5,000 Shares


President and CEO of CoreLogic Inc. (CLGX) Anand K. Nallathambi bought 5,000 shares on 10/26/2012 at an average price of $23.12. CoreLogic, formerly known as First American Corp., has a market cap of $2.79 billion; its shares were traded at around $23.12 with a P/E ratio of 25 and a P/S ratio of 2.1.


CLGX recently reported its third quarter 2012 financial results. Revenues were up 17.6% to $409.8 million fueled by strong growth in the company’s Mortgage Origination Services division and higher residential property data and analytics sales.


John Keeley bought 693,500 shares in the quarter that ended on 6/30/2012, which is 0.29% of the $4.44 billion portfolio of Keeley Fund Management. Joel Greenblatt bought 20,574 shares in the quarter that ended on 06/30/2012, which is 0.028% of the $1.36 billion portfolio of Gotham Capital. Ray Dalio sold out his holdings in the quarter that ended on 06/30/2012.


CFO Frank Martell bought 5,000 shares of CLGX stock on 10/26/2012 at the average price of $23.11. Frank Martell owns at least 142,632 shares after this. The price of the stock has increased by 0.04% since. There are mixed trades from other insiders.


Bancorp of New Jersey Inc. (BKJ, Financial): Director and CEO Albert F. Buzzetti Bought 3,000 Shares


Director and CEO of Bancorp of New Jersey Inc. (BKJ) Albert F. Buzzetti bought 3,000 shares on 10/23/2012 at an average price of $10.72. Bancorp of New Jersey is a holding company for the Bank of New Jersey, which is a state-chartered commercial bank that provides a traditional range of financial products and services to meet the deposit and credit needs of individual customers, small businesses and professionals in the local market area. Bancorp of New Jersey Inc. has a market cap of $54.9 million; its shares were traded at around $10.72 with a P/E ratio of 14.7 and a P/S ratio of 2.8. The dividend yield of Bancorp of New Jersey stocks is 2.3%.


Director Rosario Luppino bought 1,400 shares of BKJ stock on 09/10/2012 at the average price of $10. Rosario Luppino owns at least 137,021 shares after this. The price of the stock has increased by 7.2% since. Other insiders have also increased their positions in the company.