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Vitaliy Katsenelson
GuruFocus
Articles (1302)  | Author's Website |

Weekly CEO Buys Highlight: AXS, BH, ZFC, CVGI, TUES

September 09, 2013 | About:

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:



Axis Capital Holdings Ltd. (NYSE:AXS): CEO, AXIS Insurance John Gressier Bought 176,000 Shares

CEO, AXIS Insurance of Axis Capital Holdings Ltd. (NYSE:AXS) John Gressier bought 176,000 shares on 09/05/2013 at an average price of $42.46. Axis Capital Holdings Ltd. has a market cap of $4.84 billion; its shares were traded at around $42.46 with a P/E ratio of 8.80 and P/S ratio of 1.20. The dividend yield of Axis Capital Holdings Ltd. stocks is 2.30%.

Axis recently reported net income available to common shareholders for the second quarter of 2013 of $72 million, or $0.62 per diluted common share, compared with $168 million, or $1.35 per diluted common share, for the second quarter of 2012.

Joel Greenblatt bought 6,283 shares in the quarter that ended on 06/30/2013, which is 0.012% of the $2.35 billion portfolio of Gotham Capital. NWQ Managers owns 441,422 shares as of 06/30/2013, which accounts for 0.18% of the $11.49 billion portfolio of NWQ Investment Management Co. Richard Pzena owns 5,729,802 shares as of 06/30/2013, which accounts for 1.7% of the $15.03 billion portfolio of Pzena Investment Management LLC. David Dreman owns 154,465 shares as of 06/30/2013, which accounts for less than 0.01% of the $0 million portfolio of Dreman Value Management.

Director Donald J. Greene sold 8,000 shares of AXS stock on 05/21/2013 at the average price of $43.56. Donald J. Greene owns at least 72,000 shares after this. The price of the stock has decreased by 2.53% since.

Biglari Holdings Inc. (NYSE:BH): Chairman and CEO, 10% Owner Sardar Biglari, Bought 7,145 Shares

Chairman and CEO, 10% Owner of Biglari Holdings Inc. (NYSE:BH) Sardar Biglari, bought 7,145 shares on 09/05/2013 at an average price of $417.23. Biglari Holdings Inc. has a market cap of $598.9 million; its shares were traded at around $417.23 with a P/E ratio of 4.80 and P/S ratio of 0.70. Biglari Holdings Inc. had an annual average earnings growth of 34.4% over the past five years.

Biglari recently reported its fiscal third quarter 2013 financial results. In the fiscal third quarter of 2013, Biglari Holdings contributed securities to investment partnerships and recognized a non-cash pre-tax gain of $162.9 million.

Mario Gabelli owns 106,288 shares as of 06/30/2013, which accounts for 0.27% of the $15.91 billion portfolio of GAMCO Investors.

Director James P. Mastrian bought 150 shares of BH stock on 08/22/2013 at the average price of $461.75. James P. Mastrian owns at least 150 shares after this. The price of the stock has decreased by 9.64% since.

ZAIS Financial Corp (ZFC): CEO, Pres and Director Michael Szymanski Bought 6,400 Shares

CEO, Pres and Director of ZAIS Financial Corp (ZFC) Michael Szymanski bought 6,400 shares on 09/03/2013 at an average price of $15.73. Zais Financial Corp has a market cap of $125.4 million; its shares were traded at around $15.73 with a P/E ratio of 16.60 and P/S ratio of 5.30. The dividend yield of Zais Financial Corp stocks is 4.30%.

ZFC recently announced a GAAP net loss of $7.6 million, or $0.85 per weighted average share outstanding, which includes an unrealized loss on real estate securities of$15.6 million for the three months ended June 30, 2013

Director Eric Reimer bought 9,500 shares of ZFC stock on 09/04/2013 at the average price of 15.71. Eric Reimer owns at least 9,500 shares after this. The price of the stock has increased by 0.13% since.

Commercial Vehicle Group Inc. (NASDAQ:CVGI): President and CEO Richard P. Lavin Bought 13,790 Shares

President and CEO of Commercial Vehicle Group Inc. (NASDAQ:CVGI) Richard P. Lavin bought 13,790 shares on 09/04/2013 at an average price of $7.69. Commercial Vehicle Group Inc. has a market cap of $218.8 million; its shares were traded at around $7.69 with a P/E ratio of 11.80 and P/S ratio of 0.30.

Joel Greenblatt owns 84,437 shares as of 06/30/2013, which accounts for 0.027% of the $2.35 billion portfolio of Gotham Capital.

Director, 10% Owner Arnold B Siemer bought 46,400 shares of CVGI stock on 09/05/2013 at the average price of $7.53. Arnold B. Siemer owns at least 3,251,352 shares after this. The price of the stock has increased by 2.12% since.

Tuesday Morning Corporation (NASDAQ:TUES): CEO R. Michael Rouleau Bought 4,768 Shares

CEO of Tuesday Morning Corporation (NASDAQ:TUES) R. Michael Rouleau bought 4,768 shares on 09/05/2013 at an average price of $12.68. Tuesday Morning Corporation has a market cap of $543.2 million; its shares were traded at around $12.68 with a P/E ratio of 201.70 and P/S ratio of 0.60.

Tuesday Morning Corp. recently reported its financial results for the fiscal fourth quarter of 2013. Comparable stores sales increased by 4.6% for the fourth quarter of fiscal 2013 and were comprised of a 6.2% increase in customer traffic offset by a 1.6% decrease in average transaction.

PRIMECAP Management bought 1,494,414 shares in the quarter that ended on 06/30/2013, which is 0.022% of the $69.92 billion portfolio of PRIMECAP Management. Donald Smith owns 5,938 shares as of 06/30/2013, a decrease of 99.74% of from the previous quarter. This position accounts for 0.0013% of the $4.61 billion portfolio of Donald Smith & Co.

Director Richard Willis bought 2,500 shares of TUES stock on 08/30/2013 at the average price of $12.53. Richard Willis owns at least 20,786 shares after this. The price of the stock has increased by 1.2% since.

About the author:

GuruFocus

Vitaliy N. Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates in Denver, Colo. He is the author of The Little Book of Sideways Markets (Wiley, December 2010). To receive Vitaliy’s future articles by email or read his articles click here.
Investment Management Associates Inc. is a value investing firm based in Denver, Colorado. Its main focus is on growing and preserving wealth for private investors and institutions while adhering to a disciplined value investment process, as detailed in Vitaliy’s book Active Value Investing (Wiley, 2007).


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