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Weekly Top Insider Buys: SRI, AGNC, CLX, CBK

December 17, 2012 | About:
gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: Stoneridge Inc. (SRI), American Capital Agency Corp. (AGNC), The Clorox Company (CLX), Christopher & Banks Corp. (CBK).

The overall trend of insiders is illustrated in the chart below:



Stoneridge Inc. (SRI): Executive Vice President and CFO George E. Strickler Bought 4,600 Shares

Executive Vice President and CFO of Stoneridge Inc., George E. Strickler, bought 4,600 shares on 12/10/2012 at an average price of $1.151. Stoneridge Inc. was founded in 1965. It's a global designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, agricultural, motorcycle and off-highway vehicle markets. Stoneridge Inc. has a market cap of $136.78 million; its shares were traded at around $5.16 with a P/E ratio of 9.25 and P/S ratio of 0.18.

On Oct. 24, Stoneridge Inc. announced financial results for the third quarter ended Sept. 30, 2012. Third-quarter 2012 net sales were $219.3 million, an increase of $23.4 million, or 11.9%, compared with $195.9 million for the third quarter of 2011. Net income for the third quarter of 2012 was $0.4 million, or $0.02 per diluted share, compared with net income of $4.5 million, or $0.18 per diluted share, in the third quarter of 2011.

This month, President and CEO John C. Corey and Executive Vice President and CFO George E. Strickler bought shares of SRI stock.

American Capital Agency Corp. (AGNC): Director Alvin N. Puryear Bought 3,000 Shares

Director of American Capital Agency Corp., Alvin N. Puryear, bought 3,000 shares during the past week at an average price of $30.17. American Capital Agency Corp. was organized on Jan. 7, 2008, and commenced operations on May 20, 2008 following the completion of its initial public offering ('IPO'). American Capital Agency Corp. has a market cap of $10.63 billion; its shares were traded at around $30.17 with a P/E ratio of 6.81 and P/S ratio of 9.36. The dividend yield of American Capital Agency Corp. stocks is 16.07%.

On Oct. 29, American Capital Agency Corp. reported comprehensive income for the third quarter of 2012 of $1.3 billion, or $3.98 per common share, and net book value of $32.49 per common share. Economic return, defined as dividends on common shares plus the change in net book value per common share, for the period was $4.33 per common share, or 59% on an annualized basis.

This month, CEO Malon Wilkus and Director Alvin N. Puryear bought shares of AGNC stock. Executive Vice President and Secretary Samuel Allan Flax bought 4,950 shares in November. President and CIO Gary D. Kain bought 20,000 shares in August and Senior Vice President Christopher Kuehl sold 1,216 shares in September.

The Clorox Company (CLX): Director George J. Harad Bought 3,000 Shares

Director of Clorox Company, George J. Harad, bought 3,000 shares on 12/10/2012 at an average price of $75.4. Clorox Company was founded in Oakland, Calif., in 1913 and is incorporated in Delaware. Clorox Company has a market cap of $9.95 billion; its shares were traded at around $75.4 with a P/E ratio of 18.03 and P/S ratio of 1.82. The dividend yield of Clorox Company stocks is 3.36%. Clorox Company had an annual average earnings growth of 8% over the past 10 years.

On Oct. 31, The Clorox Company reported 3 percent sales growth and a 110 basis-point increase in gross margin for the quarter, which ended Sept. 30. Clorox reported first-quarter earnings of $133 million, or $1.01 diluted earnings per share (EPS). This compares with $130 million, or 98 cents diluted EPS, in the year-ago quarter. Current-quarter results reflect higher sales and gross margin expansion, partially offset by higher selling and administration expenses, including continued investments in the company's information technology (IT) systems.

Last week, Director George J. Harad bought 3,000 shares of CLX stock. Director Tully M. Friedman and Senior Vice President and General Counsel Laura Stein sold shares this month. Senior Vice President and Chief Marketing Officer Thomas P. Britanik and Executive Vice President Strategy & Growth Frank A. Tataseo sold shares last month.

Christopher & Banks Corp. (CBK): Chair, Board of Directors Paul L. Snyder Bought 5,100 Shares

Chair, Board of Directors of Christopher & Banks Corp., Paul L. Snyder, bought 5,100 shares on 12/14/2012 at an average price of $1.429. Christopher & Banks Corporation is a Delaware Corporation, incorporated in 1986 to acquire Braun's Fashions Inc. Christopher & Banks Corporation has a market cap of $176.21 million; its shares were traded at around $4.91 with and P/S ratio of 0.43.

On Nov. 29, Christopher & Banks Corporation reported results for the 13 and 39-week periods ended Oct. 27, 2012.* For the third quarter of fiscal 2012, the company reported net sales of $117.3 million, operating income of $3.6 million and net income of $0.10 per diluted share, the first comparable period quarterly profit in ten quarters. Operating income totaled $3.6 million and included approximately $333,000 in pre-tax expenses related to restructuring charges. This compares to an operating loss of $14.0 million for the thirteen weeks ended October 29, 2011. Net income for the quarter totaled $3.6 million, or $0.10 per diluted share. Net loss for the thirteen weeks ended October 29, 2011 totaled $13.7 million, or $0.39per share.

This month, Chair, Board of Directors Paul L. Snyder, Director Lisa W. Wardell, and Director Anne L. Jones bought shares of CBK stock. Chair, Board of Directors Paul L. Snyder and Director William F. Sharpe III bought shares in September.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.

Rating: 1.9/5 (8 votes)

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