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Weekly CEO Sells Highlight: Brocade Communications Systems, Tatts Group, Hovnanian Enterprises and Vector Group

December 24, 2012 | About:

According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Brocade Communications Systems Inc., Tatts Group Limited, Hovnanian Enterprises Inc. and Vector Group Ltd. Brocade Communications Systems Inc. (NASDAQ:BRCD): CEO Michael Klayko Sold 1,832,207 Shares

CEO of Brocade Communications Systems Inc. (NASDAQ:BRCD) Michael Klayko sold 1,832,207 shares on 12/20/2012 at an average price of $5.52. Brocade Communications Systems Inc. was incorporated in California on Aug. 24, 1995 and reincorporated in Delaware on May 14, 1999. Brocade Communications Systems Inc. has a market cap of $2.46 billion; its shares were traded at around $5.39 with a P/E ratio of 10.6 and P/S ratio of 1.1. Brocade Communications Systems Inc. had an annual average earnings growth of 23.9% over the past 10 years. GuruFocus rated Brocade Communications Systems Inc. the business predictability rank of 3.5-star.

Brocade Communications Systems Inc. reported their 2012 fourth quarter results. The revenues were $578 million and net income (loss) of $54.0 million.

CEO Michael Klayko sold 1,832,207 shares of BRCD stock on 12/20/2012 at the average price of $5.52. CFO and Vice President of Finance Daniel W. Fairfax sold 12,000 shares of BRCD stock on 11/27/2012 at the average price of $5.75. Vice President and General Counsel Tyler Wall and Director Alan L. Earhart sold 45,330 shares of BRCD stock in September and November.

Tatts Group Limited (NASDAQ:TTS): CEO and 10% Owner Robert A. Rucker Sold 1,183,818 Shares

CEO, 10% Owner of Tatts Group Limited (NASDAQ:TTS) Robert A. Rucker sold 1,183,818 shares on 12/18/2012 at an average price of $14.18. JWC Acquisition Corp is a Delaware Corporation. It is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Tile Shop Holdings Inc. has a market cap of $709.203 million; its shares were traded at around $16.5.

CEO and 10% Owner Robert A. Rucker sold 1,183,818 shares of TTS stock on 12/18/2012 at the average price of $14.18. Director, 10% Owner Peter J. Jacullo III and Director Adam L. Suttin sold 879,404 shares of TTS stock on 12/18/2012.

Hovnanian Enterprises Inc. (NYSE:HOV): Chairman of Board, President, CEO and 10% Owner Ara K. Hovnanian sold 350,764 Shares

Chairman of Board, President, CEO and 10% Owner of Hovnanian Enterprises Inc. (NYSE:HOV) Ara K. Hovnanian sold 350,764 shares on 12/19/2012 at an average price of $5.94. Hovnanian Enterprises Inc. was incorporated in New Jersey in 1967 and reincorporated in Delaware in 1983. Hovnanian Enterprises Inc. has a market cap of $941.442 million; its shares were traded at around $7 with and P/S ratio of 0.6.

Revenues were $487.0 million for Hovnanian Enterprises Inc.’s 2012 fourth quarter fiscal results.

Chairman of Board, President, CEO and 10% Owner Ara K. Hovnanian sold 350,764 shares of HOV stock on 12/19/2012 at the average price of $5.94.

Vector Group Ltd. (NYSE:VGR): President and CEO Howard M. Lorber Sold 1,000,000 Shares

President and CEO of Vector Group Ltd. (NYSE:VGR) Howard M. Lorber sold 1,000,000 shares on 12/17/2012 at an average price of $15.07. Vector Group Ltd. is a Delaware Corporation. It operates as a holding company and is engaged in: the manufacture and sale of cigarettes in the U.S. through its subsidiaries, Liggett Group LLC and Vector Tobacco Inc. Vector Group Ltd. has a market cap of $1.31 billion; its shares were traded around $15.05 with a P/E ratio of 28.4 and P/S ratio of 1.2. The dividend yield of Vector Group Ltd. stocks is 10.2%. Vector Group Ltd. had an annual average earnings growth of 2.1% over the past five years.

Revenues were $272.8 million and net income (loss) was $17.9 million for Vector Group Ltd.’s 2012 third quarter financial results.

President and CEO Howard M. Lorber sold 1,000,000 shares of VGR stock on 12/17/2012 at the average price of $15.07. 10% Owner Phillip Frost Md Et Al bought 20,000 shares of VGR stock on 11/16/2012 at the average price of $15.05.

For the complete list of stocks that were bought by their CEOs, 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.

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guruat
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