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Largest Insider Buys of the Week

April 07, 2014 | About:
Monica Wolfe

Monica Wolfe

120 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

BJ’s Restaurants (BJRI)

Over the past week Board Member Patrick Walsh made a notable increase in his position in BJ’s Restaurants. The managing member added 242,713 shares of the restaurants stock at an average price of $32.99 per share. This cost Walsh a total of $8,007,102, and since his buy the price per share has stayed around the same price. Walsh now holds on to at least 1,017,642 shares of the company’s stock.

As can be seen below in the chart, both Luxor Capital Group and Patrick Walsh have been upping their buying in BJ’s Restaurants.

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These buys are the first insider buys reported for the company since May 2012, and they come as the company has recently rebounded from its historical low price.

BJ’s Restaurants own and operate casual dining restaurants in the United States. The company’s restaurants operate under the BJ's Restaurant & Brewery, BJ's Restaurant & Brewhouse, BJ's Pizza & Grill, or BJ's Grill names.

BJ’s Restaurants’ historical revenue and net income:

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The analysis on BJ’s Restaurants reports that the company has a low Piotroski F-Score, indicating poor business operation. It also notes that the company has no debt, its operating margin is expanding and that the company has shown predictable revenue and earnings growth.

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

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BJ’s Restaurants has a market cap of $911.3 million. Its shares are currently trading at around $32.14 with a P/E ratio of 43.60, a P/S ratio of 1.20 and a P/B ratio of 2.30. The company had an annual average earnings growth of 19.30% over the past ten years.

GuruFocus rated BJ’s the business predictability rank of 5-star.

Retrophin (RTRX)

Alongside a Steven Cohen (Trades, Portfolio) buy over the past week, CEO Martin Shkreli also made some notable buys into his company. The CEO made three buys over the past week, adding a total of 41,300 shares to his holdings. The insider made these buys in the price range of $19.64 to $22.60 per share for a total transaction amount of $906,244. Since his buys the price per share is down roughly -11.2%. Shkreli now holds on to 2,982,680 shares of the company’s stock.

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The company has seen an increase in insider buying as its price has recently risen to historical highs.

Retrophin is a biopharmaceutical company focused on the discovery, acquisition, development and commercialization of drugs for the treatment of debilitating and often life-threatening diseases for which there are currently limited patient options.

Retrophin’s historical revenue and net income:

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The analysis on Retrophin reports that the company has a low Piotroski F-Score, indicating poor business operation, and it also notes that the company’s price is close to a 3-year high.

The company recently released its full-year results which reported:

  • Net loss of $33.8 for the fiscal year 2013.
  • Loss from operations was $24 million this year, compared to a loss of $30.3 million for 2012.
  • The company’s balance sheet holds on to $6.1 million in cash and cash equivalents
  • As of year-end the company held no debt.

Retrophin has a market cap of $458.3 million. Its shares are currently trading at around $18.89.

Clifton Bancorp (CSBK)

Over the past week there were several insiders making buys into Clifton as the company announced the completion of its second step conversion as well as its offering and intention to declare a dividend. There were ten insiders making buys into the company. Each insider spent $10 per share on their transactions, and since then the price per share has risen 16.5%. The insiders making buys consisted of:

  • Director Stephen Adzima: Purchased 26,000 shares and now holds 59,304 shares.
  • Senior VP of Commerical Lending, Francis Tripucka: Purchased 10,000 shares.
  • Director Joseph Smith: Purchased 15,000 shares and now owns 105,977 shares.
  • Director Cynthia Sisco: Bought 20,000 shares and now holds on to 77,276 shares.
  • Director Charles Pivirotto: Bought 5,000 shares and now holds on to 14,300 shares.
  • CFO and Treasurer, Christine Piano: Added 1,000 shares and now holds 64,932 shares.
  • Director John Peto: Added 4,500 shares and now owns 41,657 shares.
  • EVP and CLO of the Bank, Stephen Hoogerhyde: Purchased 1,000 shares.
  • EVP and COO of the Bank, Bart Ambra: Bought 1,000 shares and now owns 61,196 shares.
  • Chairman, CEO and President, Paul Aguggia: Purchased 65,000 shares of CSBK.

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This is the first reported instance of insider cluster buying for the company.

Clifton Savings Bancorp is engaged in the ownership of the outstanding capital stock of Clifton Savings. Clifton Savings operate as a community-oriented financial institution offering traditional financial services to consumers and businesses in its market area.

Clifton Bancorp’s historical revenue and net income:

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The analysis on Clifton Bancorp reports that the company’s revenue has been in decline over the past year, its operating margin is expanding and that its Piotroski F-Score is low.

The company recently announced the appointment of Tricia Cademartori Hrotko to the position of Executive VP and Chief Revenue Officer. Along with this appointment the company announced that they intend to declare a dividend in May 2014 of a combined $0.12 per share cash for the quarters ended Dec. 31, 2013 and March 31, 2014.

Clifton Savings Bancorp has a market cap of $309.6 million. Its shares are currently trading at around $11.69 with a P/E ratio of 46.90, a P/S ratio of 12.30 and a P/B ratio of 1.60. The company had an annual average earnings growth of 8.9% over the past ten years.

Posage Bankshares (PBSK)

Over the past week there were two directors of Posage Bankshares reporting notable buys. These buys come as the company’s price has slightly increased from its 52-week low.

Director Thomas Burnette purchased 10,000 shares over the past week. The director bought these shares at $14.05 per share for a total transaction amount of $140,500. Since his buy the price per share has increased a slight 0.21%. Burnette now holds on to a total of 77,267 shares of the company’s stock.

Director John Stewart added 21,460 shares to his holdings over the past week. He also bought his shares at $14.05 for a much larger transaction amount of $301,513. Since his buy the price per share is up a minor 0.21%. Stewart now maintains 56,893 shares of Posage Bankshares stock.

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Posage Bankshares is a holding company of Home Federal Savings and Loan Association. It business consists of attracting retail deposits from the general public and investing those deposits in first lien one-to-four family residential mortgage loans.

Posage Bankshares’ historical revenue and net income:

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The analysis on Posage Bankshares reports that the company’s price is close to a 3-year high as is its P/B ratio. The analysis also notes that the company’s Piotroski F-Score is high, its dividend yield is near a 3-year high and its P/S ratio is trading near a 3-year low.

Posage Bankshares has a market cap of $54.9 million. Its shares are trading at around $14.05 with a P/E ratio of 27.30 and a P/S ratio of 3.60. The company currently holds a dividend yield of 1.30%.

You can check out more insider buys by looking at the GuruFocus Insider Page. Or for more specific information, you can check out the GuruFocus All-in-One Screener under the Insider tab.

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Rating: 2.0/5 (3 votes)

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Comments

goforit
Goforit premium member - 3 months ago

When a large group of insiders all purchase stock at an identical price that is well below the low stock price for that day, it clearly is not an open market purchase. The low price of CSBK on 4/1/2014, when the insiders purchased the stock at $10/share, was $11.90. The share price has not really risen 16.5% since the buy. I see transctions such as these FREQUENTLY listed in your column, but have not commented until now. They can hardly be considered bullish. They just mean that insiders gave themselves a special deal.

goforit
Goforit premium member - 3 months ago

Does the author wish to comment on my comment?

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