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Weekly CEO Buys Highlight: Prospect Capital Corp, CBL & Associates Properties Inc, White Mountains Insurance Group Ltd, United Natural Foods Inc, Ruby Tuesday Inc

These are the CEO Buys companies for the week of 10-12-08 . Related companies: Prospect Capital Corp, CBL & Associates Properties Inc, White Mountains Insurance Group Ltd, United Natural Foods Inc, and Ruby Tuesday Inc.

Prospect Capital Corp. (PSEC): CEO John F Barry Bought 204,425 Shares

CEO, Director of Prospect Capital Corp. (PSEC) John F Barry bought 204,425 shares during the past week at an average price of $12.51. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. It has a market cap of $355.13 million; its shares were traded at around $12.51 with a P/E ratio of 10.30 and P/S ratio of 4.65. The dividend yield of Prospect Capital Corp. stocks is 14.96%.

PSEC was recently upgraded by Avondale, which recently also initiated in the company. Avondale upgraded Prospect Capital Corp from the Market Perform ranking to a Market Outperform ranking.

Director Graham Anderson bought 1,000 shares of PSEC stock on 10/15/2008 at the average price of $11.8; the price of the stock has increased by 6.02% since.

CBL & Associates Properties Inc. (CBL): Chairman and CEO Charles B Lebovitz Bought 50,000 Shares

Chairman and CEO, Director, 10% Owner of CBL & Associates Properties Inc. (CBL) Charles B Lebovitz bought 50,000 shares on 10/13/2008 at an average price of $9.44. CBL & ASSOCIATES PROPERTIES is a self-managed and self-administered REIT that engages in the ownership operation marketing management leasing expansion development redevelopment acquisition and financing of regional malls and community neighborhood centers. It has a market cap of $643.41 million with a P/E ratio of 13.82 and P/S ratio of 0.57. The dividend yield of CBL & Associates Properties Inc. stocks is 18.96%.

CBL & Associates Properties Inc recently reported its second quarter 2008 results. Revenues increased about 9%, but same store sales were down 2.3% from last year. Same store sales were $341 per square foot, compared to $349 per square foot a year ago. FFO per share increased 9%.

Arnold Schneider owns 61,145 shares as of 06/30/2008 , a decrease of 57.73% of from the previous quarter. Chris Davis owns 618,853 shares as of 06/30/2008 , a decrease of 70.19% of from the previous quarter.

Vice Chair, CFO and Treasurer, Director John N Foy bought 7,946 shares of CBL stock on 10/13/2008 at the average price of $12.3; the price of the stock has decreased by 23.25% since.

White Mountains Insurance Group Ltd. (WTM): CEO Allan Lewis Waters Bought 1,600 Shares

CEO of White Mountains Insurance Group Ltd. (WTM) Allan Lewis Waters bought 1,600 shares on 10/13/2008 at an average price of $317.05. White Mountains Insurance Group Ltd. is engaged in the business of property and casualty insurance and reinsurance. The company has a market cap of $3.5 billion, a P/E ratio of 24.17 and a P/S ratio of 0.77. The dividend yield of White Mountains Insurance Group Ltd. stocks is 2.69%.

White Mountains Insurance Group Ltd recently announced that it expects its third-quarter 2008 book value to be down sequentially, caused by losses in the company’s investments. The company said that book value for the quarter (adjusted) to be at around $400-$420 per share, down from last quarter’s results of $444 dollars per share.

Tom Gayner owns 118,300 shares as of 06/30/2008 . Dodge & Cox owns 1,500 shares as of 06/30/2008 , a decrease of 25% of from the previous quarter. Chris Davis owns 1,925 shares as of 06/30/2008 , a decrease of 35.83% of from the previous quarter. Martin Whitman and Third Avenue Management both sold out their holdings in the quarter that ended on 07/31/2008 .

Chairman of the Board Raymond Joseph Rene Barrette bought 6,061 shares of WTM stock on 10/13/2008 at the average price of $330; the price of the stock has decreased by 3.92% since.

United Natural Foods Inc. (UNFI): President and CEO Steven Spinner Bought 22,000 Shares

President and CEO, Director of United Natural Foods Inc. (UNFI) Steven Spinner bought 22,000 shares on 10/16/2008 at an average price of $21.5. United Natural Foods is the leading independent national distributor of natural foods and related products in the United States . The company has a market cap of $931.40 million with a P/E ratio of 19.20 and P/S ratio of 0.27.

The grocer and food retailer industries were recently hurt by higher costs for goods and lower consumer spending. The index was down more than 20% in the past year (52 weeks). Traditional grocers were down the most, while convenience stores such as UNFI did better.

Former COO Richard Antonelli sold 6,300 shares of UNFI stock on 09/08/2008 at the average price of $21.98; the price of the stock has decreased by 2.18% since.

Ruby Tuesday Inc. (RT): CEO Samuel E Iii Beall Bought 100,000 Shares

CEO of Ruby Tuesday Inc. (RT) Samuel E Iii Beall bought 100,000 shares on 10/14/2008 at an average price of $2.37. Ruby Tuesday operates casual dining concepts comprised of Ruby Tuesday Mozzarella's & Tia's. It has a market cap of $136.13 million; its shares were traded at around $2.37 with a P/E ratio of 8.51 and P/S ratio of 0.09.

RT’s profits fell an astounding 97% in the first quarter 2008, and net income was 1 cent per share, compared to 21 cents per share a year ago. Revenue dropped about 7% and same store sales decreased almost 11%.

Executive Vice President Kimberly Grant bought 4,250 shares of RT stock on 10/15/2008 at the average price of $2.68; the price of the stock has decreased by 11.57% 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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