Weekly highlight of top insider buys: EnergySolutions Inc. (NYSE:ES), Unitrin Inc. (UTR), Contango Oil and Gas Co. (MCF), American Capital Strategies Ltd. (NASDAQ:ACAS), NRG Energy Inc. (NYSE:NRG)
EnergySolutions Inc. (NYSE:ES): Vice Chairman, Director J. I. Ii Everest bought 100,000 shares
Vice Chairman, Director of ENERGYSOLUTIONS INC (NYSE:ES) J. I. Ii Everest bought 100,000 shares on 09/11/2008 at an average price of $15.52. EnergySolutions Inc. is a full-service nuclear fuel cycle company that is committed to environmental protection, energy independence and a safe and growing industry. Dedicated to environmental friendliness, Energy Solutions is solving the problems of global warming and energy dependence in addition to cleaning up the environmental consequences of the cold war.
On 8/11/08 , EnergySolutions Inc. reported that net income was more than doubled to 12.6 million, or 14 cents per share. Revenue climbed from $162 million to $460 million. A week later, 8/19/08, EnergySolutions Inc.’s board of directors announced a quarterly dividend of $0.025 per share that would be paid on September 12.
EnergySolutions Inc. is owned by two Gurus. Ron Baron bought 250,000 shares in the quarter that ended on 06/30/2008 , which is 0.03% of the $16.92 billion portfolio of Baron Funds. The other Guru slightly increased positions in ES: George Soros owns 860,550 shares as of 06/30/2008, which accounts for 0.78% of the $2.47 billion portfolio of Soros Fund Management LLC.
Directors Alan E. Goldberg, Lance L. Hirt, Robert D. Lindsay, Robert J.S. Roriston, Andrew S. Weinberg and 10% Owner Holdings Llc Env all sold shares of ES on 8/4/08 at the average price of $19.
EnergySolutions Inc. has a market cap of $1.38 billion; its shares were traded at around $15.59 with a P/E ratio of 49.97 and P/S ratio of 0.74. The dividend yield of EnergySolutions Inc. stocks is 0.6%.
Unitrin Inc. (UTR): Directory Fayez Sarofim Bought 50,000 shares
Director of Unitrin Inc. (UTR) Fayez Sarofim bought 50,000 shares during the past week at an average price of $27.38. Unitrin Inc. conducts its operations through its subsidiaries that serve the basic financial needs of individuals’ families and small businesses by providing property and casualty insurance life and health insurance and consumer finance services. Unitrin's subsidiaries currently operate in three segments: Property and Casualty Insurance Life and Health Insurance and Consumer Finance.
Unitrin Inc. announced quarterly results for the second quarter on August 4, 2008, reporting a net loss of 2.9 million compared to the net income of 62.2 million for the second quarter of 2007. On 9/2/08, Unitrin announced that its insurance subsidiary, Trinity Universal Insurance Inc. Co., has agreed to buy auto insurer Direct Response Corp. for $220 million in cash. The deal is expected to close in the fourth quarter.
Unitrin Inc. is owned by two Gurus. Michael Price owns 103,000 shares as of 06/30/2008 , an increase of 27.16% from the previous quarter. This position accounts for 0.55% of the $520 million portfolio of MFP Investors LLC. John Keeley owns 732,025 shares as of 06/30/2008 , which accounts for 0.18% of the $10.95 billion portfolio of Keeley Fund Management.
Principal Accounting Officer Richard Roeske, Chairman, Director Richard Carl Vie, Vice President David Frederick Bengston, and Director Donald V. Fites have all bought shares of Unitrin Inc. during the past months.
Unitrin Inc. has a market cap of $1.72 billion; its shares were traded at around $27.38 with a P/E ratio of 17.10 and P/S ratio of 0.60. The dividend yield of Unitrin Inc. stocks is 7.03%.
Contango Oil and Gas Co (MCF): Director Steven L Schoonover Bought 20,000 Shares
Contango Oil and Gas Co Director Steven L Schoonover Bought 20,000 Shares at $62.16 a share on Sept. 5. Contango Oil & Gas is a Houston-based independent natural gas and oil company. The Company explores develops produces and acquires natural gas and oil properties primarily onshore in the Gulf Coast and offshore in the Gulf of Mexico.
On September 5, 2008, Contango Oil and Gas Co. canceled plans to sell off certain assets and the company itself. A week later, the company announced a successful production test at Eloise #1, a well that tested at a rate of approximately 8.3 million cubic feet per day.
Contango Oil and Gas Co. is owned by John Keeley, who owns 652,500 shares as of 06/30/2008 , which accounts for 0.55% of the $10.95 billion portfolio of Keeley Fund Management. This position was slightly increased.
Chairman and CEO, Director, and 10% Owner Kenneth R. Peak , Director Steven L. Schooner, 10% Owner Capital Llc Sellers, COO Marc Duncan, Vice President and Treasurer Sergio Castro, Sr. Vice President and Controller Lesia Bautina have all bought shares of Contango Oil and Gas Co. The price of the stock has been going down since the first buy.
Oil and Gas Co has a market cap of $938.11 million; its shares were traded at around $55.76 with a P/E ratio of 3.75 and P/S ratio of 7.82.
American Capital Strategies Ltd. (NASDAQ:ACAS): Director Philip R Harper Bought 47,840 Shares
American Capital Strategies Ltd. Director Philip R Harper Bought 47,840 Shares on Sept. 5 at $20.86 a share. American Capital Strategies Ltd. is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital both directly and through its global asset management business is an investor in management and employee buyouts private equity buyouts and early stage and mature private and public companies. American Capital provides senior debt mezzanine debt and equity to fund growth acquisitions recapitalizations and securitizations. American Capital and its affiliates invest chiefly in companies located in North America and Europe . As a publicly traded company they offer shareholders an opportunity to invest in privately held middle market companies through ownership of their stock.
On September 4, 2008, American Capital Strategies Ltd. announced it provided $110 million of financing for YORK Label, a leading provider of premium, pressure sensitive labels for the consumer products, wine and spirits, food and beverage and pharmaceutical markets. American Capital Strategies Ltd. announced on 9/10/08 that it had realized a gain of $36 million in the third quarter from the sale of its portfolio company SSH Acquisition, Inc. to Lake Capital .
American Capital Strategies Ltd. is owned by one Guru. David Dreman owns 29,980 shares as of 06/30/2008, which accounts for 0.01% of the $13.43 billion portfolio of Dreman Value Management. His position is unchanged or slightly adjusted.
Senior Vice Presidents Darin Winn and Roland Cline sold shares of ACAS stock on 08/27/2008 at the average price of $20.77; the price of the stock has increased by 6.55% since. EVP, GC, and Secretary Samuel Allen Flax, Senior Vice President Brian Graff, and EVP and COO Ira Wagner all sold shares of ACAS on 8/27/08. Director John. A. Koskinen bought shares on 5/08/08, the price per share has decreased since; Directors Stan Lundine and Kenneth D. Jr. Peterson both bought shares of ACAF on 6/12/08, the price per share has decreased since. Directors Kenneth D. Jr. Peterson and Philip R. Harper bought and hold shares of ACAP, the price has increased since.
American Capital Strategies Ltd. has a market cap of $4.58 billion; its shares were traded at around $22.13 with P/S ratio of 3.78. The dividend yield of American Capital Strategies Ltd. stocks is 19.15%.
NRG Energy Inc. (NYSE:NRG): EVP-Chf Dev Ofc Lo-Carbon Tech Michael S Liebelson Bought 30,000 Shares
NRG Energy Inc. EVP-Chf Dev Ofc Lo-Carbon Tech Michael S Liebelson Bought 30,000 Shares at $32.3 a share on Sept. 9. NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities primarily in the United States . Its operations include baseload intermediate peaking and cogeneration facilities thermal energy production and energy resource recovery facilities.
David Crane, President and Chief Executive Officer of NRG Energy, Inc. will participate in a panel discussion at the Merrill Lynch Power & Gas Leaders Conference on Tuesday, September 23, 2008. Crane is scheduled to discuss the latest industry issues
NRG Energy Inc. is owned by three Gurus. Warren Buffett bought 3,238,100 shares in the quarter that ended on 06/30/2008 , which is 0.24% of the $57.88 billion portfolio of Berkshire Hathaway. NWQ Managers owns 13,239,950 shares as of 06/30/2008 , an increase of 25.39% from the previous quarter. This position accounts for 2.23% of the $25.46 billion portfolio of NWQ Investment Management Co. John Keeley owns 27,000 shares as of 06/30/2008 , which accounts for 0.01% of the $10.95 billion portfolio of Keeley Fund Management.
NRG Energy Inc. has a market cap of $7.88 billion; its shares were traded at around $33.39 with a P/E ratio of 16.75 and P/S ratio of 1.31.
- 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.