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Weekly CEO Buys Highlight: TriCo Bancshares, The Greenbrier Companies Inc, Winthrop Realty Trust, JMP Group Inc, MBIA Inc.

January 17, 2009 | About:

Last week's top stocks that were bought by their CEOs were TriCo Bancshares (TCBK), The Greenbrier Companies Inc (GBX), Winthrop Realty Trust(FUR), JMP Group Inc (JMP), and MBIA Inc (MBI).

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 21,000 Shares

President & CEO, Director of TriCo Bancshares (TCBK) Richard P Smith bought 21,000 shares during the past week at an average price of $21.66. TriCo Bancshares is a bank holding company for Tri Counties Bank. TriCo Bancshares has a market cap of $386.54 million; its shares were traded at around $21.66 with a P/E ratio of 22.6 and P/S ratio of 2.5. The dividend yield of TriCo Bancshares stocks is 2.12%. 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 4,000 shares of TCBK stock on 01/16/2009 at the average price of $21; the price of the stock has increased by 3.14% since.

The Greenbrier Companies Inc. (GBX): President & CEO, Director William A Furman Bought 50,000 Shares

President & CEO, Director of The Greenbrier Companies Inc. (GBX) William A Furman bought 50,000 shares during the past week at an average price of $6.01. Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The company has a market cap of $119.3 million; its shares were traded at around $6.01 with a P/E ratio of 4.2 and P/S ratio of 0.09. The dividend yield of The Greenbrier Companies Inc. stocks is 4.46%. The Greenbrier Companies Inc. had an annual average earning growth of 3.4% over the past 10 years.

The Greenbrier Companies Inc. recently reported its first quarter fiscal 2009 results. The company announced that it had a loss of about 20 cents per share, compared to a gain of 16 cents per share a year ago. Revenues were down $30 million compared to the first fiscal quarter 2008 results.

John Keeley owns 2,086,700 shares as of 09/30/2008, which accounts for 0.45% of the $9.04 billion portfolio of Keeley Fund Management. T Boone Pickens owns 584,188 shares as of 09/30/2008, which accounts for 0.89% of the $1.29 billion portfolio of BP Capital.

EVP/Treasurer/CFO Mark J Rittenbaum sold 2,100 shares of GBX stock on 08/01/2008 at the average price of $20.2; the price of the stock has decreased by 70.25% since.

Winthrop Realty Trust (FUR): Chairman and CEO, Director, 10% Owner Michael L Ashner Bought 20,000 Shares

Chairman and CEO, Director, 10% Owner of Winthrop Realty Trust (FUR) Michael L Ashner bought 20,000 shares on 01/09/2009 at an average price of $10.99. Winthrop Realty Trust is a Boston-based real estate investment trust. It has a market cap of $174.33 million; its shares were traded at around $10.99 with and P/S ratio of 3.38. The dividend yield of Winthrop Realty Trust stocks is 11.74%.

Arnold Schneider owns 994,756 shares as of 09/30/2008, an increase of 50.95% from the previous quarter. This position accounts for 0.17% of the $2.25 billion portfolio of Schneider Capital Management. Bruce Berkowitz owns 5,086,829 shares as of 09/30/2008, an increase of 17.19% from the previous quarter. This position accounts for 0.21% of the $9.54 billion portfolio of Fairholme Capital Managment.

No insiders other than the CEO have recently bought or sold shares in the company.

JMP Group Inc. (JMP): CEO, Director, 10% Owner Joseph A Jolson Bought 33,915 Shares

CEO, Director, 10% Owner of JMP Group Inc. (JMP) Joseph A Jolson bought 33,915 shares during the past week at an average price of $4.95. 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 $107.34 million with a P/E ratio of 535.5 and P/S ratio of 1.1. The dividend yield of JMP Group Inc. stocks is 3.69%.

JMP Group recently reported its third quarter 2008 financial results. Revenues were down about 25% compared to the company's third quarter 2007 results. "For the first time since the company's inception in 2000, JMP Group posted a quarterly operating loss," said Chairman and Chief Executive Officer Joe Jolson. "While the extreme downward price volatility in the capital markets may have provided a modest net benefit to our brokerage operation, the negative impact from limited investment banking revenues and mark-to-market valuations of our principal investments led to the disappointing overall results for the period. However, we are encouraged that our quarterly brokerage revenues were up 17% year over year to near-record levels and that many of our alternative asset management strategies have generated attractive returns in one of the most challenging investment environments in memory, resulting in a substantial increase in client assets under management.

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 36.74% since.

MBIA Inc. (MBI): Chairman and CEO, Director Joseph W Brown Bought 38,440 Shares

Chairman and CEO, Director of MBIA Inc. (MBI) Joseph W Brown bought 38,440 shares on 01/15/2009 at an average price of $4.1. MBIA Incorporated is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. It has a market cap of $1.23 billion; its shares were traded at around $4.1 with and P/S ratio of 0.39.

MBIA recently reported its results for the first nine months of 2008. The company announced a loss of about $7 per share for the three quarters, compared to a gain of $2.84 per share in the first three months of 2007.

Irving Kahn owns 1,188,430 shares as of 09/30/2008, an increase of 104.13% from the previous quarter. Martin Whitman owns 23,649,845 shares as of 07/31/2008, which accounts for 1.88% of the $4.68 billion portfolio of Third Avenue Value Fund. Chris Davis owns 6,906,200 shares as of 09/30/2008, which accounts for 0.11% of the $74.87 billion portfolio of Davis Selected Advisers. Martin Whitman owns 19,349,845 shares as of 10/31/2008, which accounts for 4.07% of the $4.68 billion portfolio of Third Avenue Value Fund. Third Avenue Management owns 30,840,022 shares as of 09/30/2008, a decrease of 21% of from the previous quarter. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2008.

Vice President and CFO C Edward Chaplin bought 25,680 shares of MBI stock on 10/10/2008 at the average price of $8.02; the price of the stock has decreased by 48.88% 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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