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
Dick’s Sporting Goods (DKS)
Over the past week there were three insiders making buys into Dick’s Sporting Goods. These insiders made their buys as the company’s price has dropped to a 52-week low.
Director Larry Stone added 23,000 shares to his stock on May 28. He bought these shares at $42.46 per share for a total transaction amount of $976,580. Since his buy the price per share has increased a slight 0.31%. Stone now holds on to 51,464 shares of the company’s stock.
Executive VP of Finance and CFO Andre Hawaux added 2,300 shares of the company’s stock. He bought these shares at $42.82 for a total transaction amount of $98,486. Since his buy the price per share has dropped approximately -0.54%. Hawaux now holds on to 58,653 shares of the company’s stock.
Chairman and CEO Edward Stack made the largest buy of the week, adding 115,000 shares to his holdings. The CEO bought these shares at $42.56 per share for a total transaction amount of $4,894,400. Since his buy the price per share has increased a slight 0.07%. Stack now holds on to over 13.69 million shares of the company’s stock.
Dick’s Sporting Goods is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. It offers a broad selection of high-quality, competitively-priced brand name sporting goods equipment, apparel and footwear.
Dick’s Sporting Goods’ historical revenue and net income:
The company reported its first quarter results last week which highlighted:
- Non-GAAP EPS up 4% to $0.50
- Same store sales increased 1.5%
- Lowered full year earnings because of weakness in golf and hunting segments.
- Repurchased $25 million of common stock.
The analysis on Dick’s Sporting Goods reports that the company holds enough cash to cover all of its debt, it has shown predictable revenue and earnings growth, and its operating margin is expanding. The analysis also reports that the company’s dividend yield is close to a 1-year high and its P/B and P/S ratios are trading at near historic lows.
The Peter Lynch Chart suggests that the company is currently overvalued:
Dick’s Sporting Goods has a market cap of $5.55 billion. Its shares are currently trading at around $44.26 with a P/E ratio of 16.40, a P/S ratio of 0.90 and a P/B ratio of 3.20. The company had an annual average earnings growth of 15.60% over the past ten years.
GuruFocus rated Dick’s Sporting Goods the business predictability rank of 2.5-star.
GEO Group (GEO)
Over the past week Chairman and CEO of GEO Group, George Zoley, made a large buy into the company’s stock. The CEO added 100,000 shares to his holdings at a price of $33.69 per share. This cost the insider a total of $3,369,000. Since his buy, the price per share has increased 0.95%. Zoley now holds on to at least 157,112 shares of the company’s stock.
Prior to the CEO’s most recent buy, he also added over 11,000 shares earlier in May. He bought those shares at $33.07 per share, and since then the price per share has increased 2.84%.
GEO Group is a provider of government-outsourced services specializing in the management of correctional, detention and mental health facilities. GEO is the first fully-integrated equity real estate investment trust specializing in the design, development, financing, and operation of correctional, detention, and community reentry facilities worldwide.
GEO Group’s historical revenue and net income:
The analysis on GEO reports that the company’s revenue per share has been in decline over the past three years, the company has issued $103.807 million of debt over the past three years, and its operating margin is expanding. The analysis also notes that the company’s operating margin is expanding and its dividend yield is near a 2-year high.
The company’s most recently released quarterly financials reported:
- Net income of $0.39 per share.
- Increased 2014 AFFO guidance to $216 to $222 million, or $3.00 to $3.08 per share
- Quarterly dividend of $0.57 per share
- Total revenues at $393.1 million, up from $377 million last year
The Peter Lynch Chart suggests that the company is currently overvalued:
GEO Group has a market cap of $2.5 billion. Its shares are currently trading at around $34.41 with a P/E ratio of 20.60, a P/S ratio of 1.60 and a P/B ratio of 2.42. The dividend yield of GEO Group stocks is 6.40%. The company had an annual average earnings growth of 11.40% over the past ten years.
GuruFocus rated GEO the business predictability rank of 2.5-star.
Banc of California (BANC)
Over the past week the Chairman and CEO of Banc of California made a sizeable buy into the company’s stock. Steven Sugarman added 35,000 shares to his holdings at $10.38 per share. This transaction cost the CEO a total of $363,300. Since his buy the price per share has increased approximately 4.91%.
As seen in the chart above, these are the first insider buys made in the company since Nov. 2013.
Banc of California is a multi-bank holding company of Pacific Trust Bank, a Federal Savings Bank, and Beach Business Bank, a California-chartered bank. The banks offer a variety of financial services to meet the banking and financial needs of the communities it serves.
Banc of California’s historical revenue and net income:
The analysis on Banc of California reports that the company’s dividend is not sustainable because the company is losing money and still paying dividends. The risk of the dividend being cut is extremely high. The analysis also notes that the company has issued $375.61 million of debt over the past three years, its asset growth is faster than its revenue growth, and its dividend is close to a 3-year high.
The company recently transferred its stock listing to the NYSE.
Also, earlier today the company declared a quarterly cash dividend of $0.12 per share. The dividend will be payable on July 1 to shareholders of the record as of the close of business on June 13, 2014. This cash dividend results in an annualized dividend yield of 4.40%.
Banc of California has a market cap of $233.3 million. Its shares are currently trading at around $10.91 with a P/S ratio of 0.80 and a P/B ratio of 0.90. The dividend yield of Banc of California stocks is at 4.40%.
You can check out more insider buys by checking out the Insiders section of GuruFocus.
