This is highlight of weekly top CEO buys. Related Companies: El Paso Corp. (EP), Harrington West Financial Group Inc. (HWFG), Diamond Foods Inc. (DMND), Resource America Inc. (REXI), Quixote Corp. (QUIX).
El Paso Corp. (EP): President and CEO, Director Douglas L. Foshee Bought 50,000 Shares
El Paso Corporation (EP) operates in the natural gas transmission, and exploration and production sectors of the energy industry in the US. The company increased its profits to $151 million or $0.21 per share compared to loss of $175 million or $0.25 per share previously. El Paso Corporation production rose 11% for the quarter. The company recently issued their quarter’s dividend at $0.04 a share. Overall energy prices are on a surge: oil prices rose above $110 a barrel, sending natural gas higher. The Department of Energy reported that for late-March natural gas inventories dropped by 36 billion cubic feet to $1.28 trillion cubic feet.
Ruane Cunniff owns 10,431 shares as of 12/31/07.
El Paso Corp. has a market cap of $11.73 billion; its shares were traded at around $16.81 with a P/E ratio of 10.91 and P/S ratio of 2.53. The dividend yield of El Paso Corp. stocks is 1%.
Harrington West Financial Group Inc. (HWFG): Chairman and CEO, Director, 10% Owner Craig J. Cerny Bought 32,452 Shares
Harrington West Financial Group, Inc. (HWFG), the holding company for Los Padres Bank, nets lower fourth quarter earnings of $619 thousand or $0.11 per diluted share compared to $2 million or $0.35 per diluted share in the previous year. Write downs for the quarter totaled $247 thousand. The company’s 2007 earnings were $4.2 million or $0.74 cents per diluted share compared to $8.2 million and $1.48 per diluted share from the prior year.
The Chairman, CEO, Director, and 10% Owner Craig J. Cerny bought 32,452 shares on 3/27/08 at $7.75. Since October, CEO Craig J Cerny has bought a total of 36,452 shares. All the insider stock purchases have been made between $7.75 and $14.70 as of 10/29/07: Owner Douglas T. Breeden have bought a total of 358,436 shares; Director John J. Mcconnell bought 12,903 shares; Director Paul O. Halme bought 2,000 shares; President of. Kansas Region Mark R. Larrabee bought 1,200; and SVP Susan C. Weber bought 1,000 shares.
Harrington West Financial Group Inc. has a market cap of $45.23 million; its shares were traded at around $8.322 with a P/E ratio of 10.97 and P/S ratio of 1.57. The dividend yield of Harrington West Financial Group Inc. stocks is 6.1%.
Diamond Foods Inc. (DMND): President & CEO, Director Michael J. Mendes Bought 13,485 Shares
Diamond Foods, Inc. (DMND), packaged and processed goods distributor, approved the quarterly dividend at $0.045 per share. The company’s second quarter profits soars 32% to $2.7 million or $0.17 a share compared to $2 million or $0.13 a share, as expenses from sales dropped 10%.
President & CEO, Director of Diamond Foods Inc. Michael J. Mendes bought 13,485 shares during the past week at around $18.93 and also Chief Financial Officer & Director Steven M. Neil bought 4,000 shares at $18.22.
Diamond Foods Inc. has a market cap of $316.71 million; its shares were traded at around $18.93 with a P/E ratio of 40.43 and P/S ratio of 0.58. The dividend yield of Diamond Foods Inc. stocks is 1%.
Resource America Inc. (REXI): CEO, President, and Director Jonathan Z. Cohen Bought 10,951 Shares
The financial and real estate investment trust, Resource America, Inc. (REXI) lost $6.37 million in the last quarter of 2007 compared to a profit of $4.45 million from a year ago. The company totaled a $10.2 million loss on sale of loan assets. Resource America declared a cash dividend of $0.41 per share for the first quarter of 2008.
CEO & President, Director of Resource America Inc. Jonathan Z. Cohen bought 10,951 shares during the past week at $9.87. CEO Jonathan Z. Cohen has purchased a total of 64,206 shares this month at $9.65 to $10.33. The 10% Owner, Capital Management, Ll Spencer, bought 25,650 shares in late-February at $11.89 and sold a total of 100,760 shares at $10.67 to $11.36 in March.
Resource America Inc. has a market cap of $175.01 million; its shares were traded at around $9.87 with P/S ratio of 1.62. The dividend yield of Resource America Inc. stocks is 2.9%.
Quixote Corp. (QUIX): Chairman, President and CEO, Director Leslie J. Jezuit Bought 11,000 Shares
Corporation (QUIX), through its subsidiaries, develops, manufactures, and markets highway and transportation safety products to protect, direct, and inform motorists and highway workers in the United States and internationally. For the second quarter in 2008, Quixote Corp. upped their international and domestic sales by 20% and 9%, respectively. The company’s net sales rose 11% to $34 million compared to $30.6 million for the second fiscal quarter. The company made earnings of $759 thousand or $0.08 per diluted share compared to a loss of $511 thousand or $0.06 per diluted share.
Chairman, President and CEO, Director of Quixote Corp Leslie J. Jezuit bought 11,000 shares last week at $8.74. Other insider buys were made between $7.79 and $19 since December: Director Roijen Robert D. Van Jr. bought a total of 33,400 shares; Director Duane M. Tyler bought 500 shares; and VP Joan R. Riley bought 500 shares.
Director James H. Devries sold 3,000 shares at $19 since December.
Quixote Corp. has a market cap of $77.45 million; its shares were traded at around $8.74 with a P/E ratio of 19.00 and P/S ratio of 0.57. The dividend yield of Quixote Corp. stocks is 4.9%.
- 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.