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Weekly Top Insider Buys: Hercules Offshore Inc., The Kroger Co., Marvel Entertainment Inc., MidAmerica Apartment Communities Inc., Colonial Properties Trust

December 18, 2007 | About:
insider

This is the highlight of weekly top insider buys. Related Companies: Hercules Offshore Inc. (HERO), The Kroger Co. (KR), Marvel Entertainment Inc. (MVL), MidAmerica Apartment Communities Inc. (MAA), Colonial Properties Trust (CLP).

Hercules Offshore Inc. (HERO): Director Steven A. Webster Bought 45,000 Shares

Hercules Offshore, Inc., the off-shore oil services provider, gained a huge clout from investors when they received two contracts—worth $277million—from India’s Oil and Natural Gas Corp. Ltd. The company anticipates revenue of about $121 million and $156.6 million.

Gurus Richard Snow, David Dreman, and Robert Bruce increased their positions in HERO. Guru John Keeley sold out all his HERO shares.

Director Steven A. Webster made his 45,000-share purchase on 12/11 at $23.82. As of August, Webster has bought a total of 273,356 shares between $23.37 and $26.64. Other insider buys were made by CEO and President Randall D. Stilley and Director Thomas J. Madonna, who bought 9,000 shares at $25.30 and 1,500 shares at $26.18, respectively.

Colonial Properties Trust has a market cap of $1.05 billion; its shares were traded at around $23.24 with P/E ratio of 2.23 and P/S ratio of 2.26. The dividend yield of Colonial Properties Trust stocks is 8.6%.

Hercules Offshore Inc. has a market cap of $2.14 billion; its shares were traded at around $24.28 with P/E ratio of 7.76 and P/S ratio of 3.49.

The Kroger Co. (KR): Director Robert D. Beyer Bought 40,000 Shares

The Kroger Company took a profit jump of 18% from in-store sales; however, fuel sales took a nose dive and cut $0.04 a share into profits. The grocery chain earned $253.8 million or $0.37 compared to $214.7 million or $0.30. CEO of Kroger, David B. Dillon explained that gas business is volatile and “just produces differences in margin. [Gas] is the most price-competitive item that we sell.”

Guru Jean-Marie Eveillard decreased his KR holdings by 95.4% to 111,000 shares. And, guru Ken Heebner sold out all his KR holdings.

Last Wednesday, Director Robert D. Beyer bought 40,000 shares of at $26.79. Major sells were made between $27. to $29.13: Chairman of the Board and CEO David B. Dillon sold 35,000 shares; Group Vice President Lynn Marmer sold 31,663; Senior Vice President R. Pete Williams sold 18,000 shares; Senior Vice President William T. Boehm sold 10,000 shares; Vice President & Treasurer Scott M. Henderson sold a total of 9,394 shares; and lastly, Senior Vice President M. Marnette Perry sold 5,000 shares.

The Kroger Co. has a market cap of $17.62 billion; its shares were traded at around $26.21 with P/E ratio of 15.37 and P/S ratio of 0.26. The dividend yield of The Kroger Co. stocks is 1.1%.

Marvel Entertainment Inc. (MVL): Director James Breyer Bought 25,000 Shares

Marvel Entertainment, Inc. engages in the licensing, publishing, toy making, and film production businesses with a proprietary library of approximately 5,000 characters. In the third quarter, Marvel doubled its net income to $36.3 million or $0.45 compared to $13.2 million or $0.16 from the previous year. Popular sales of Spider-Man 3 products created outstanding revenue. Recently, Marvel began an online subscription service to its comic book archives, which subscriptions will cost customers $4.99 a month. In 2008, new movie releases: Iron Man and The Incredible Hulk, will play similar roles in the company’s performance.

While George Soros sold out of MVL stock, Ron Baron increased his shares to 2,050,700.

Since August, Director James Breyer bought a total of 27,500 shares between $22 and $28.01. EVP, Office of CE & General Counsel, John Turitzin, bought 9,000 shares at $22.27; and, Director Sid Ganis sold 3,000 shares.

Marvel Entertainment Inc. has a market cap of $2.1 billion; its shares were traded at around $26.85 with P/E ratio of 18.28 and P/S ratio of 4.55.

MidAmerica Apartment Communities Inc. (MAA): Director George E. Cates Bought 11,300 Shares

Mid-America Apartment Communities, Inc., a real estate investment trust (REIT), announced a third quarter net income of $8.409 million or $0.33. The company made a gain of $5.714 million on the sale of two of its properties.

Kenneth Fisher upped his ownership of MAA stock by 26.85% to 524,169 shares.

Director George E. Cates and President and Chief Executive H. Eric Bolton Jr. bought 11,300 shares at $44.40, and 1,500 shares at $46.88, respectively.

MidAmerica Apartment Communities Inc. has a market cap of $1.11 billion; its shares were traded at around $44.29 with P/E ratio of 48.55 and P/S ratio of 3.25. The dividend yield of MidAmerica Apartment Communities Inc. stocks is 5.6%.

Colonial Properties Trust (CLP): Trustee William M. Johnson Bought 64,900 Shares

Colonial Properties Trust (CLP), a multifamily real estate investment trust (REIT), reported a third quarter net income drop to $1.7 million, or $0.03 from $14.7 million, or $0.32 from the previous year. The company stated the revenue dropped by 21% and a one time $26.8 million non-cash impairment charge was the reason for poor performance. Analysts predicted that the company restructuring to focus on the residential market will induce realistic growth in the future.

As of November, Trustee William M. Johnson made a total purchase of 130,000 shares between $23.26 and $25 a share. Another insider buy was made by M .Miller Gorrie, who bought a total of 91,540 shares between $23.65 and $25.23.

  • 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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