10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Financial and Energy Industries Report Expensive CEO Buys

August 22, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Over the past week, several companies have reported their CEOs as making large insider buys. The following five companies have reported CEO buys valued at over $200,000 and come from either the energy or financial industries.

1377199846803.png

AmeriGas Partners LP (APU)

On Aug. 20, President and CEO Jerry Sheridan made a significant buy into AmeriGas. The CEO purchased 7,000 shares of the company’s stock at an average price of $43.43 per share. This cost the CEO a total of $304,010, and since his buy the price per share has increased approximately 0.02%. Sheridan now holds at least 26,244 shares of company stock.

1377186070177.png

AmeriGas is the nation’s largest propane company, serving over 2 million residential, commercial, industrial, agricultural and motor fuel propane customers from over 1,200 locations in all 50 states.

AmeriGas Partners’ historical revenue and net income:

1377186857964.png

The company’s third quarter financials reported:

· Net loss of $34.6 million, compared to a net loss of $89.4 million last year.

· Adjusted EBITDA increased to $69 million, up from $16.8 million last year.

· Retail propane volumes sold were 224.7 million gallons compared with 204 million last year.

· Revenues increased to $581.7 million, up from $571.9 million.

AmeriGas Partners has a market cap of $4.05 billion. Its shares are currently trading at around $43.72 with a P/E ratio of 22.60, a P/S ratio of 1.30 and a P/B ratio of 2.60. The company currently offers a 7.60% dividend yield. AmeriGas had an annual average earnings growth of 1.5% over the past ten years.

There are currently no gurus that maintain a position in AmeriGas.

LRR Energy LP (LRE)

On Aug. 20, Co-CEO and Chairman of the Board Eric Mullins made a buy into his company, LRR Energy. The Co-CEO added 16,750 shares to his stake at an average price of $15.04 per share. This cost Mullins a total of $251,920. Since his buy, the share price has increased approximately 0.4%. Mullins now owns at least 63,450 shares of company stock.

1377187802955.png

LRR Energy was formed by Lime Rock Resources in order to operated, acquire, exploit and develop producing oil and natural gas properties in North America. Lime Rock Management manages approximately $3.9 billion of private capital for investment in the energy industry through its investment funds, Lime Rock Resources and Lime Rock Partners.

LRR Energy’s historical revenue and earnings growth:

1377188012470.png

The analysis on LRR Energy reports that the company’s dividend yield is at a 2-year high and that it’s P/B ratio is near a 1-year low of 1.13.

LRR Energy has a market cap of $394.6 million. Its shares are currently trading at around $15.10 with a P/S ratio of 4.10 and a P/B ratio of 1.20.

There are currently no gurus that maintain a position in LRR Energy.

Annaly Capital Management (NLY)

Over the past couple of weeks there have been three insiders making notable buys into Annaly Capital Management.

Most recently on Aug. 20, Chairman of the Board and CEO Wellington Denahan made the largest buy, adding 181,818 shares to his holdings in the company. Denahan bought these shares at an average price of $10.96 per share. His most recent buy cost him a total of $1,992,725.28. Since his buy, the price per share has increased a minimal 0.36%. Denahan now holds over 1 million shares of company stock.

On Aug. 13 Co-CIO Kristopher Konrad bought 17,000 shares at $11.72 per share costing him a total of $199,240. Since his buy, the share price has decreased an additional -6.14%. Konrad holds at least 214,683 shares of company stock.

The first insider buy came from Director John Schaefer on Aug. 12. The director bought 10,000 shares at an average price of $12 per share. This cost him a total of $120,000. Since his buy, the price per share is down -8.33%. Schaefer now holds 35,000 shares of company stock.

1377188755735.png

These three insider buys come as the share price has recently declined to a 10-year low.

Annaly Capital owns, manages, and finances a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations , Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.

Annaly Capital Management’s historical revenue and net income:

1377189068856.png

The analysis on Annaly reports that the company’s revenue has been in decline for the past five years, that its operating margin is expanding and that its dividend yield is at a 10-year high. The company’s price, P/E ratio, P/S ratio and P/B ratio are all at 10-year lows.

The Peter Lynch Chart suggests that Annaly Capital is currently undervalued:

1377189372187.png

Annaly Capital Management has a market cap of $10.42 billion. Its shares are currently trading at around $11 with a P/E ratio of 3.20, a P/B ratio of 0.80 and a P/S ratio of 2.90. The dividend yield for Annaly Capital stocks is 16.40%.

There are currently seven gurus that maintain holdings in NLY.

Access Midstream Partners (ACMP)

Last week CEO Michael Stice purchased 6,600 shares of Access Midstream stock. The CEO purchased these shares at a price of $45.71 per share, costing him a total of $301,686. Since his buy, the price per share has increased an additional 2.25%. Stice currently holds at least 44,065 shares of company stock.

[url=www.gurufocus.com/insider/ACMP]1377191645101.png[/url]

Stice’s buy comes as the price per share is sitting at close to a 5-year high. His buy is also the first insider buy since Dec. 2012, since that buy the share price has increased 42.11%.

Access Midstream operates as the gathering and processing master limited partnership. It owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets.

Access Midstream’s historical revenue and net income:

1377193649424.png

The analysis on Access Midstream reports that the revenue has been in decline over the past three years, the company has issued $2.6 billion in debt over the past three years and that dividend yield is at a 1-year low.

The Peter Lynch Chart suggests that the company is currently overvalued:

1377197759307.png

Access Midstream Partners has a market cap of $9.35 billion. Its shares are currently trading at around $46.70 with a P/E ratio of 23.00, a P/S ratio of 5.50 and a P/B ratio of 2.20. The dividend yield of Access Midstream stocks is 3.90%.

John Keeley and Jim Simons currently hold a stake in Access Midstream Partners.

New York Mortgage Trust (NYMT)

Over the past week two insiders have made significant buys into New York Mortgage Trust.

Most notably, CEO and President Steven Mumma purchased 50,000 shares. He bought these shares at an average price of $5.65 per share. This cost him a total of $282,500. Since his buy, the price per share has increased approximately 4.25%. Mumma now holds at least 195,356 shares of company stock.

On Aug. 19, Director Douglas Neal made a smaller buy, adding 8,700 shares at a price of $5.64 per share. This cost him a total of $49,068. Since his buy, the price per share has increased approximately 4.43%. Neal now holds at least 26,640 shares of company stock.

1377198967731.png

These buys come as the share price has dropped to a 3-year low.

The Company is a real estate investment trust in the business of acquiring, investing in, financing and managing primarily mortgage-related and, to a lesser extent, financial assets.

New York Mortgage Trust’s historical revenue and net income:

1377199382669.png

The analysis on New York Mortgage Trust reports that the company’s revenue has been in decline over the past three years, the P/S ratio is nearing a 5-year high, the price is at a 3-year low and the dividend yield is at a 3-year high.

New York Mortgage Trust has a market cap of $375.5 million. Its shares were traded at around $5.89 with a P/E ratio of 6.10, a P/S ratio of 4.40 and a P/B ratio of 0.70. The company currently offers a dividend yield of 18.40%.

You can view all CEO buys and sells here.

Try a free 7-day premium membership here.
  • 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.

» Take a Free Trial of Premium Membership


Rating: 1.6/5 (5 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK