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Weekly CEO Buys Highlight: TriCo Bancshares, Hormel Foods Corp, JMP Group Inc, Kaman Corp.

January 11, 2009 | About:

Last week's top four stocks that were bought by their CEOs were TriCo Bancshares, Hormel Foods Corp, JMP Group Inc, and Kaman Corp.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

TriCo Bancshares (TCBK): President & CEO, Director Richard P Smith Bought 17,000 Shares

President & CEO, Director of TriCo Bancshares (TCBK) Richard P Smith bought 17,000 shares on 01/09/2009 at an average price of $20.77. TriCo Bancshares is a bank holding company for Tri Counties Bank. The Bank conducts a commercial banking business including accepting demand savings and time deposits and making commercial real estate and consumer loans. TriCo Bancshares has a market cap of $380.87 million; its shares were traded at around $20.77 with a P/E ratio of 18.1 and P/S ratio of 2.46. The dividend yield of TriCo Bancshares stocks is 2.15%. TriCo Bancshares had an annual average earning growth of 16.4% over the past 5 years.

Secretary of the Board Alex A Jr Vereschagin bought 17,000 shares of TCBK stock on 01/09/2009 at the average price of $20.99; the price of the stock has decreased by 1.05% since.

Hormel Foods Corp. (HRL): Chairman, President and CEO, Director Jeffrey M Ettinger Bought 10,000 Shares

Chairman, President and CEO, Director of Hormel Foods Corp. (HRL) Jeffrey M Ettinger bought 10,000 shares on 01/05/2009 at an average price of $30.41. Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $4.13 billion; its shares were traded at around $30.41 with a P/E ratio of 14.2 and P/S ratio of 0.61. The dividend yield of Hormel Foods Corp. stocks is 2.42%. Hormel Foods Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Hormel Foods Corp. the business predictability rank of 5-star.

Hormel Foods Corporation recently reported its fourth quarter and full year 2008 results. The company announced that its diluted EPS was 50 cents per share, down 32% from 73 cents per share a year ago. The company's volume was up 3% compared to 2007.

Kenneth Fisher owns 21,100 shares as of 09/30/2008, which accounts for less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 167,150 shares as of 09/30/2008, a decrease of 28.81% of from the previous quarter. This position accounts for 0.06% of the $10.85 billion portfolio of Dreman Value Management.

Senior VP & CFO, Director Jody H Feragen bought 1,200 shares of HRL stock on 01/05/2009 at the average price of $31.21; the price of the stock has decreased by 2.56% since.

JMP Group Inc. (JMP): CEO, Director, 10% Owner Joseph A Jolson Bought 14,500 Shares

CEO, Director, 10% Owner of JMP Group Inc. (JMP) Joseph A Jolson bought 14,500 shares on 01/07/2009 at an average price of $5.01. JMP GROUP INC. is a full-service investment banking and asset management firm that provides investment banking sales and trading and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. The company has a market cap of $103.78 million; its shares were traded at around $5.01 with a P/E ratio of 484.4 and P/S ratio of 1.06. The dividend yield of JMP Group Inc. stocks is 3.82%.

JMP Group recently reported its third quarter 2008 results. The company announced that its revenue was at about $16 million for the quarter. Net loss was about 24 cents per share, compared to a net gain of 5 cents per share in the third quarter of 2007. Operating net loss was 20 cents per share for the quarter, compared to a gain of 9 cents per share in 2007.

President, Director Craig R Johnson bought 4,002 shares of JMP stock on 11/26/2008 at the average price of $3.62; the price of the stock has increased by 38.4% since.

Kaman Corp. (KAMN): Chm, Pres & CEO, Director Neal J Keating Bought 2,000 Shares

Chm, Pres & CEO, Director of Kaman Corp. (KAMN) Neal J Keating bought 2,000 shares on 01/05/2009 at an average price of $19.49. Kaman Corporation is in the following business segments: Aerospace Industrial Distribution and Music Distribution. The company has a market cap of $510.26 million; its shares were traded at around $19.49 with a P/E ratio of 11.8 and P/S ratio of 0.47. The dividend yield of Kaman Corp. stocks is 2.79%.

John Keeley owns 1,087,500 shares as of 09/30/2008, an increase of 16% from the previous quarter. This position accounts for 0.34% of the $9.04 billion portfolio of Keeley Fund Management.

No insiders other than the company's CEO have recently bought or sold shares of Kaman Corporation.
  • 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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