Over the past week there were several companies reporting smaller insider buys along some large insider sells. The following insiders reported the largest insider buys over the past week. These transactions were judged based on the number of insiders buying, transaction amount and the amount of shares being purchased
LNB Bancorp (LNBB)
Over the past week there were three directors making four buys of LNB Bancorp stock. These three directors made their buys at the price of $10.30 per share.
Director James Herrick added a total of 50,000 shares to his stake. This cost him a total of $515,000. Since his buy the price per share has dropped -0.19%. Herrick now holds on to 120,115 shares of the company’s stock.
Director Frederick DiSanto made two buys, adding a total of 50,000 shares. This also cost him a total of $515,000. The director now holds on to at least 80,024 shares of LNB stock.
Director Lee Howley added a much smaller 10,000 shares to his holdings. His transaction amount totaled $100,300, and he now holds on to 37,560 shares of the company’s stock.
These insider buys come as the company’s price continues to exceed its five year high.
LNB Bancorp is a bank holding company of Lorain National Bank. The Company, through Lorain National Bank, provides lending and depository services, investment services, and other traditional banking services.
LNB Bancorp’s historical revenue and net income:
The company’s third quarter results reported:
- Net income up 17% to $1.4 million.
- Noninterest expenses of $8.3%, representing a 4.3% decrease.
- Nonperforming assets declined by $8.3 million, or 24%, from last year.
- Noted expansion in SBA Lending. The company plans to open several new offices.
The analysis on LNB Bancorp reports that the company’s revenue has been in decline over the past three years, its dividend yield is near a 10-year low and its price is at a 5-year high. The analysis also notes that the company has had operating loss over the past three years and it has also issued $5.351 million of debt over the past three years.
The Peter Lynch Chart suggests that the company is currently undervalued:
LNB Bancorp has a market cap of $93.00 million. Its shares are currently trading at around $10.00 with a P/E ratio of 13.20, a P/S ratio of 1.90 and a P/B ratio of 1.00.
Magnum Hunter Resources (MHR)
Over the past week both the CFO and the CEO made buys back into Magnum Hunter Resources.
CFO Joseph Daches made two different buys, adding a total of 20,000 shares to his stake. He bought 10,000 shares at $6.20 per share and the other 10,000 at $6.25 per share, spending a total of $124,500. Since his buys the price per share is up approximately 8.23%. Daches now holds on to at least 231,500 shares of the company’s stock.
Chairman and CEO Gary Evans added 30,000 shares to his holdings over the past week. He bought these shares at $6.09 per share for a total transaction amount of $182,700. Since his buy, the price per share has jumped up about 10.18%. Evans holds on to approximately 5.1 million shares of his company’s stock.
These insider buys come as the company’s price has recently fallen from its 2-year high.
Magnum Hunter Resources is an oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids resources in the United States and Canada.
Magnum Hunter Resources’ historical revenue and net income:
The analysis on Magnum reports that the company has had an operating loss over the past three years, its asset growth is faster than its revenue growth and it has issued $698.11 million of debt over the past three years.
The company’s CEO was recently named “Most Respected CEO” by Finance Monthly.
Magnum Hunter also recently announced its 2014 capital expenditure budget of $400 million. This budget excludes acquisitions and intends to allocate approximately $260 million to their Utica Shale and Marcellus Shale plays and $50 million to the Williston Basin and approximately $90 million for midstream activities.
Over the past quarter, three gurus bought into Magnum Hunter including Steven Cohen, Jean-Marie Eveillard and John Burbank. Also over the third quarter George Soros upped his stake by 882%. He holds the largest position with 2,455,000 shares, representing 1.43% of the company’s shares outstanding.
Magnum Hunter Resources has a market cap of $1.24 billion. Its shares are currently trading at around $7.25 with a P/S ratio of 3.30 and a P/B ratio of 6.70.
Gladstone Investment Corporation (GAIN)
Over the past week two corporate executives made buys into Gladstone Investment Corporation. COO Terry Brubaker made three different buys over the past week and CEO David Gladstone made one.
COO Brubaker made three buys, adding a total of 33,100 shares of the company’s stock. He bought these shares in the price range of $7.51 to $7.59 per share. He spent a total of $251,029 on these three transactions. As of his most recent buy the insider holds on to 87,040 shares of the company’s stock, and the price per share is up an approximate 2.38%.
Gladstone, in his one buy, added 24,000 shares to his stake at an average price of $7.55 per share. This cost him a total of $181,200. The CEO now holds on to 315,495 shares of the company’s stock. Since his buy the price per share is trading up about 2.38%.
The company has seen increased insider buying as its price is trading around its 52-week high.
Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company and has elected to be treated as a business development company. The company invests in subordinated loans, mezzanine debt, preferred stock, common stock and warrants to purchase common stock of small and medium-sized companies.
Gladstone’s historical revenue and earnings growth:
The analysis on Gladstone reports that the company has issued $36.005 million of debt over the past three years, its operating margin is expanding and its dividend yield is currently at its 3-year high.
There are currently no gurus that hold a position in Gladstone Investment. Most recently, Jim Simons sold out of his position in the third quarter of 2011.
The Peter Lynch Chart suggests that the company is currently undervalued:
Gladstone Investments has a market cap of $203.1 million. Its shares are currently trading at around $7.73 with a P/E ratio of 7.00, a P/S ratio of 5.60 and a P/B ratio of 0.90. The dividend yield of Gladstone is currently at 8.20%. The company had an annual average earnings growth of 1.60% over the past five years.
Check out the GuruFocus insider trades page here. You can also use the All-in-One Screener to search for notable insider buys such as 52-week lows or insider transactions coming from upper-level executives such as CEOs or CFOs.
