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Top Insider Buys of the Week

March 07, 2014 | About:
Monica Wolfe

Monica Wolfe

119 followers

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

Tile Shop Holdings (TTS)

Over the past week there were three insiders making four buys back into their companies stock. These insiders added over a combined 145,000 shares to their holdings.

Director Peter Jacullo made two transactions on Feb. 26 and then again on Feb. 28. Jacullo added a total of 36,000 shares to his holdings in the price range of $15.43 to $15.45 per share. Since then the price per share is up approximately 9.46%. Jacullo spent a total of $555,580 on these transactions. Since his most recent buy the director holds on to 4,481,563 shares of the company’s stock.

Director Peter Kamin made the largest buy of the week, adding 95,600 shares to his holdings. Kamin bought these shares at $15.56 per share for a total transaction amount of $1,487,536. Since his buy the price per share is up about 8.61%. Kamin now holds on to at least 582,957 shares of the company’s stock.

Lastly, Director Todd Krasnow added 15,000 shares to his holdings. Krasnow purchased these shares at $15.54 per share for a total transaction amount of $233,100. Since his buy the price per share has increased roughly 8.75%. Krasnow now holds on to at least 171,686 shares of Tile Shop Holdings stock.

These four buys are the first insider buys reported for the company, and they come as the company’s price has recently rebounded from its 52-week low.

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Tile Shop Holdings is a retailer of manufactured and natural stone tiles, setting and maintenance material, and related accessories in the U.S. Its products include ceramic, porcelain and stainless steel manufactured tiles primarily under its proprietary Rush River and Fired Earth.

Tile Shop’s historical revenue and net income:

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The analysis on Tile Shop reports that the company’s inventory is building up, its short interest is high—46.20% of the float is shorted, and its Altman Z-Score is grey, meaning that the company is under some sort of financial risk.

The company recently reported its fourth quarter and year-end results which reported:

- 10.1% comparable store sales growth in Q4 and 12.4% for the full year.

- Opened eight new stores during the fourth quarter.

- Net sales grew 25.2% to $57.8 million during the fourth quarter.

- Adjusted EBITDA was $9.4 million compared to the fourth quarter 2013.

The company also recently recognized its expansion into New Mexico by announcing that it would be building its first store in Albuquerque.

Tile Shop Holdings has a market cap of $868.9 million. Its shares are trading at around $16.96 with a P/S ratio of 3.70 and a P/B ratio 11.10.

United Insurance Holdings Corp. (UIHC)

Over the past week two insiders made buys back into United Insurance Holdings. These insiders added over 45,000 shares to their combined positions. These buys come as the company’s price continues to move upwards.

Director Sherril Hudson made a buy of 30,000 shares on March 5. She bought these shares at the average price of $12.50 per share for a total transaction amount of $375,000. Since her buy the price per share has jumped up 21.2%. Hudson now holds on to at least 50,000 shares of the company’s stock.

General Counsel Kimberly Salmon also made a buy this week. On March 4, Salmon purchased 16,479 shares for $14.00 per share. This cost her a total of $230,706. Since her buy the price per share is trading up approximately 8.21%. Salmon now holds on to at least 18,204 shares of the company’s stock.

Also, during the last week of February, there were four directors adding to their stake in the company.

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United Insurance Holdings was initially formed to acquire one or more operating businesses in the insurance industry. It is now engaged in the property and casualty insurance business in the state of Florida.

United Insurance Holdings’ historical revenue and net income:

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The analysis on United Insurance Holdings reports only one warning sign which is that the company’s P/E ratio is trading at near a 10-year high.

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

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United Insurance Holdings has a market cap of $245.6 million. Its shares are currently trading at around $15.15 with a P/E ratio of 16.70, a P/S ratio of 1.20 and a P/B ratio of 2.50.

Solar Senior Capital Ltd. (SLRC)

Over the past week there were two insiders making buys into Solar Senior Capital. These buys come as the price has hit its previous 52-week low. These insiders are Bruce Spohler and Michael Gross, and the both made the exact same buy on March 5.

Spohler and Gross both added 78,989 shares to their stake at the price of $22.27 per share. This cost them both a total of $1,759,085. Since their purchases the price per share is trading down about -1.21%. Spohler now holds on to 2,134,638 shares of the company’s stock, and Gross holds on to 2,200,833 shares of Solar Capital’s stock.

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These are the first insider transactions reported for the company since Aug. 2012.

Solar Capital invests in leveraged middle market companies in the form of senior secured loans, mezzanine loans and equity securities, and also invests in public companies that are thinly traded. Its business model is focused primarily on the direct origination of investments through portfolio companies or their financial sponsors.

Solar Capital’s historical revenue and earnings growth:

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The analysis on Solar Capital reports that the company’s P/S and P/B ratios are trading near historical lows, the company’s sales outstanding is building up and its Altman Z-Score is grey, which implies that the company is in some sort of financial stress.

The company’s recent fourth quarter financial results report:

- Earnings of $28.9 million, or $0.65 per share.

- Net investment income was $18.5 million, or $0.42 per share.

- Declared a first quarter dividend of $0.40 per share.

- Its investment portfolio was valued at $1.1 billion and held 40 companies at Dec. 31, 2013.

Solar Capital has a market cap of $986.2 million. Its shares are currently trading at around $22.43 with a P/E ratio of 13.50, a P/S ratio of 7.50 and a P/B ratio of 1.00. The dividend yield of Solar Capital is currently at around 8.80%.

Check out more notable insider buys and sells here.

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