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Weekly CEO Buys Highlight: Griffon Corp, Natural Resource Partners L.P, Cenveo Inc, Discover Financial Services, National Financial Partners Corp.

October 06, 2008 | About:

These are the CEO buy companies for the week of September 28 th. Related companies: Griffon Corp, Natural Resource Partners L.P, Cenveo Inc, Discover Financial Services, and National Financial Partners Corp.

For all the recent CEO buys, go to: CEO buys

Griffon Corp. (GFF): CEO, Director Ronald J Kramer Bought 578,151 Shares

CEO, Director of Griffon Corp. (GFF) Ronald J Kramer bought 578,151 shares on 09/29/2008 at an average price of $8.18. Griffon is a diversified manufacturing company with operations in four business segments. The company has a market cap of $246.92 million; its shares were traded at around $8.18 with P/S ratio of 0.17.

Robert Olstein owns 36,000 shares as of 06/30/2008 , an increase of 44% from the previous quarter. Richard Pzena owns 3,193,004 shares as of 06/30/2008 . Arnold Schneider owns 232,625 shares as of 06/30/2008 . NWQ Managers owns 5,258,596 shares as of 06/30/2008 .

GFF recently announced that it raised about $240 million in stocks sales and by closing other developments. The company said that it will use the money to finance growth and also will use it for other purposes.

Director James A Mitarotonda bought 3,300 shares of GFF stock on 05/15/2008 at the average price of $9.03; the price of the stock has declined by 9.41% since.

Natural Resource Partners L.P. (NRP): Chairman and CEO, Director, 10% Owner Corbin J Jr Robertson Bought 40,000 Shares

Chairman and CEO, Director, 10% Owner of Natural Resource Partners L.P. (NRP) Corbin J Jr. Robertson bought 40,000 shares on 10/01/2008 at an average price of $22.26. Natural Resource LP is a master limited partnership that engages principally in the business of owning and managing coal royalty properties in the United States . It has a market cap of $1.44 billion with a P/E ratio of 14.24 and P/S ratio of 5.89. The dividend yield of Natural Resource Partners L.P. stocks is 8.18%.

NRP recently reported its second quarter 2008 results. The company saw a rise in income, revenue, and others. Revenue was up 48%, and net income per share increased 68%. The company also increased its guidance for 2008.

President and COO Nick Carter bought 1,000 shares of NRP stock on 10/01/2008 at the average price of $24.53; the price of the stock has decreased by 9.25% since.

Cenveo Inc. (CVO): Chairman and CEO, Director Robert G Sr Burton Bought 110,350 Shares

Chairman and CEO, Director of Cenveo Inc. (CVO) Robert G Sr Burton bought 110,350 shares on 09/26/2008 at an average price of $6.63. Cenveo Inc. is one of North America 's leading providers of visual communications with one-stop services from design through fulfillment. The company has a market cap of $357.59 million, a P/E ratio of 18.26 and a P/S ratio of 0.17.

CVO recently announced its second quarter 2008 results. The company said that net sales increased by 6% from the second quarter of 2007, which was caused mainly by its recent acquisitions. The company’s adjusted EBITA growth was also up 17% from a year ago.

John Keeley owns 1,855,000 shares as of 06/30/2008 , which accounts for 0.17% of the $10.95 billion portfolio of Keeley Fund Management.

CFO Mark S Hiltwein bought 7,000 shares of CVO stock on 09/26/2008 at the average price of $7.54; the price of the stock has decreased by 12.07% since.

Discover Financial Services (DFS): CEO, Director David W Nelms Bought 20,000 Shares

CEO, Director of Discover Financial Services (DFS) David W Nelms bought 20,000 shares on 10/03/2008 at an average price of $11.07. Discover Financial Services operates the Discover Card with more than fifty million card members. It has a market cap of $5.31 billion; its shares were traded at around $11.07 with a P/E ratio of 12.18 and P/S ratio of 1.60. The dividend yield of Discover Financial Services stocks is 1.72%.

DFS recently reported that its earnings were down about 11% year-over-year, which was caused by the continuing credit problems that are burdening the economy. Net income was 37 cents per share, compared to 42 cents per share a year ago. The company beat analyst expectations, however, which were 35 cents per share.

PRIMECAP Management owns 17,420,062 shares as of 06/30/2008 . Richard Pzena owns 11,238 shares as of 06/30/2008 , a decrease of 99.55% of from the previous quarter. This position accounts for less than 0.01% of the $15.79 billion portfolio of Pzena Investment Management LLC. Richard Perry, Kenneth Fisher, and David Einhorn all sold out their holdings in the quarter that ended on 06/30/2008 .

President and COO Roger C Hochschild bought 10,000 shares of DFS stock on 10/03/2008 at the average price of $12.68; the price of the stock has decreased by 12.7% since.

National Financial Partners Corp. (NFP): President and CEO, Director Jessica M Bibliowicz Bought 9,340 Shares

President and CEO, Director of National Financial Partners Corp. (NFP) Jessica M Bibliowicz bought 9,340 shares during the past week at an average price of $13.02. National Financial Partners Corp. has a market cap of $516.92 million, a P/E ratio of 9.55, a P/S ratio of 0.45 and a dividend yield of 5.06%.

Citigroup has recently downgraded NFP from a Buy to a Hold. This happened on September 25. This followed an upgraded in March, also by Citigroup, from a Hold to a Buy.

Richard Perry owns 1,108,994 shares as of 06/30/2008 , a decrease of 43.61% of from the previous quarter. George Soros sold out his holdings in the quarter that ended on 06/30/2008 .

Director John A Elliott bought 1,000 shares of NFP stock on 05/13/2008 at the average price of $24.01; the price of the stock has decreased by 45.77% since.

  • 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.

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