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Weekly CEO Buys Highlight: KEG, ANCX, CNOB, BLMT, NEM

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GuruFocus

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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:



Key Energy Services Inc. (KEG): CEO, President and Chair Richard J. Alario Bought 50,000 Shares

CEO, President and Chair of Key Energy Services Inc. (KEG) Richard J. Alario bought 50,000 shares on 04/30/2013 at an average price of $6.24. Key Energy Services Inc. is a Maryland corporation organized in April 1977 and commenced operations in July 1978 under the name National Environmental Group Inc. Key Energy Services Inc. has a market cap of $924.5 million; its shares were traded .around $6.24 with a P/E ratio of 9.30 and P/S ratio of 0.50.

Mario Gabelli owns 93,000 shares as of 12/31/2012, which accounts for 0.0047% of the $13.61 billion portfolio of GAMCO Investors. Wilbur Ross sold out his holdings in the quarter that ended on 12/31/2012.

EVP and COO Newton W Wilson III bought 10,000 shares of KEG stock on 05/03/2013 at the average price of $6.34. Newton W. Wilson III owns at least 546,754 shares after this. The price of the stock has decreased by 1.58% since. Other insiders have also increased their positions in the company.

Access National Corporation (ANCX): President and CEO Michael W. Clarke Bought 10,000 Shares

President and CEO of Access National Corporation (ANCX) Michael W. Clarke bought 10,000 shares on 05/01/2013 at an average price of $12.91. Access National Corporation was organized in June 15, 2002, under the laws of Virginia to operate as a bank holding company for Access National Bank and Access National Capital Trust II. Access National Corporation has a market cap of $129.6 million; its shares were traded around $12.91 with a P/E ratio of 7.60 and P/S ratio of 1.60. The dividend yield of Access National Corporation stocks is 2.20%. Access National Corporation had an annual average earnings growth of 10.8% over the past 10 years.

Access National recently reported first quarter net income of $3.7 million, a $247,000 increase over the $3.4 million recorded in the first quarter of 2012. This represents the company’s 51st consecutive quarterly profit over its 53-quarter history. Net income per diluted common share was $0.35, an increase of 6% over the $0.33 reported in the first quarter of 2012.

Senior Vice President, CFO Margaret M. Taylor bought 673 shares of ANCX stock on 02/25/2013 at the average price of $15.92. Margaret M. Taylor owns at least 673 shares after this. The price of the stock has decreased by 18.91% since. Other insiders have decreased their positions in the company.

ConnectOne Bancorp Inc. (CNOB): Chairman and CEO Frank Sorrentino III Bought 3,660 Shares

Chairman and CEO of ConnectOne Bancorp Inc. (CNOB) Frank Sorrentino III bought 3,660 shares on 04/30/2013 at an average price of $29.25. Connectone Bancorp Inc. has a market cap of $147.4 million; its shares were traded around $29.25 with a P/E ratio of 11.20 and P/S ratio of 2.60.

Executive VP and CFO William S. Burns bought 2,000 shares of CNOB stock on 02/12/2013 at the average price of $28. William S. Burns owns at least 3,667 shares after this. The price of the stock has increased by 4.46% since. Other insiders have also increased their positions in the company.

BSB Bancorp Inc. (BLMT): President and CEO Robert M. Mahoney Bought 7,250 Shares

President and CEO of BSB Bancorp Inc. (BLMT) Robert M. Mahoney bought 7,250 shares on 04/30/2013 at an average price of $13.68. BSB Bancorp Inc. was was incorporated in June, 2011 to become the holding company of Belmont Savings in connection with the Bank's conversion from the mutual holding company to stock holding company form of organization. BSB Bancorp Inc. has a market cap of $121.9 million; its shares were traded around $13.68 with a P/E ratio of 85.20 and P/S ratio of 4.50.

BSB Bancorp recently reported its first quarter 2013 financial results. The company announced net income of $416,000, or $0.05 per basic and diluted share, for the quarter ended March 31, 2013, compared to net income of $447,000, or $0.05 per basic and diluted share in the first quarter of 2012.

John Keeley owns 17,500 shares as of 12/31/2012, which accounts for 0.0048% of the $4.48 billion portfolio of Keeley Fund Management.

Director S. Warren Farrell bought 975 shares of BLMT stock on 05/01/2013 at the average price of $13.58. S. Warren Farrell owns at least 66,446 shares after this. The price of the stock has increased by 0.74% since.

Newmont Mining Corporation (NEM): Director, President and CEO Gary J. Goldberg Bought 3,000 Shares

Director, President and CEO of Newmont Mining Corporation (NEM) Gary J. Goldberg bought 3,000 shares on 05/02/2013 at an average price of $33.21. Newmont Mining Corporation's original predecessor corporation was incorporated in 1921 under the laws of Delaware. Newmont Mining Corporation has a market cap of $16.18 billion; its shares were traded at around $33.21 with a P/E ratio of 10.10 and P/S ratio of 1.80. The dividend yield of Newmont Mining Corporation stocks is 4.40%. Newmont Mining Corporation had an annual average earnings growth of 12.6% over the past 10 years.

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NEM recently reported attributable net income from continuing operations of $315 million, or $0.63 per basic share, down 44% from $561 million, or $1.13 per basic share in the first quarter of 2012.

John Hussman owns 1,450,000 shares as of 12/31/2012, an increase of 542.73% from the previous quarter. This position accounts for 1.8% of the $3.8 billion portfolio of Hussman Economtrics Advisors. Ray Dalio owns 293,983 shares as of 12/31/2012, an increase of 215.43% from the previous quarter. This position accounts for 0.14% of the $9.82 billion portfolio of Bridgewater Associates.

Interim CFO Thomas P Mahoney sold 684 shares of NEM stock on 05/01/2013 at the average price of $32.41. Thomas P. Mahoney owns at least 35,828 shares after this. The price of the stock has increased by 2.47% since. Other insiders have decreased their positions in the company.


Rating: 3.0/5 (2 votes)

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