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Weekly CEO Buys Highlight: A. Schulman Inc, MBIA Inc, JMP Group Inc, MGIC Investment Corp.

January 24, 2009 | About:
Dividend Growth Investor

GuruFocus reports that last week's top four CEO Buys companies were A. Schulman Inc, MBIA Inc, JMP Group Inc, and MGIC Investment Corp.

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

A. Schulman Inc. (SHLM): CEO, Director Joseph M Gingo Bought 12,500 Shares

CEO, Director of A. Schulman Inc. (SHLM) Joseph M Gingo bought 12,500 shares on 01/15/2009 at an average price of $14.68. Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. The Company has a market cap of $432.5 million; its shares were traded at around $14.68 with a P/E ratio of 10.9 and P/S ratio of 0.22. The dividend yield of A. Schulman Inc. stocks is 3.63%. A. Schulman Inc. had an annual average earning growth of 2.5% over the past 5 years.

A. Schulman recently reported its first quarter 2009 results. The company Reported fiscal 2009 first-quarter net income of $8.2 million ($0.31 per diluted share), which compares with reported net income of $10.0 million ($0.36 per diluted share) for the fiscal 2008 first quarter. Cash flow from operations was $44.3 million for the first quarter, up from $8.8 million a year ago

VP - Global Supply Chain & CPO Gary A Miller bought 2,500 shares of SHLM stock on 11/25/2008 at the average price of $13.08; the price of the stock has increased by 12.23% 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 $3.56. 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. MBIA Inc. has a market cap of $1.38 billion; its shares were traded at around $3.56 with and P/S ratio of 0.44. MBIA Inc. had an annual average earning growth of 18.9% over the past 10 years.

Kahn owns 1,188,430 shares as of 09/30/2008, an increase of 104.13% from the previous quarter. This position accounts for 3.04% of the $411 million portfolio of Kahn Brothers & Company Inc.. 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. Third Avenue Management owns 30,840,022 shares as of 09/30/2008, a decrease of 21% of from the previous quarter. This position accounts for 3.69% of the $4.78 billion portfolio of Third Avenue Management.

Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2008. Bill Miller sold out his holdings in the quarter that ended on 06/30/2008.

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 55.61% since.

JMP Group Inc. (JMP): President & CEO, Director Richard P Smith Bought 6,000 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.

MGIC Investment Corp. (MTG): Chairman and CEO, Director Curt S Culver Bought 25,000 Shares

Chairman and CEO, Director of MGIC Investment Corp. (MTG) Curt S Culver bought 25,000 shares on 01/22/2009 at an average price of $1.96. MGIC Investment Corporation is a holding company which through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. It has a market cap of $512.78 million; its shares were traded at around $1.96 with and P/S ratio of 0.3.

MGIC recently reported its third quarter 2008 results. The company reported a net loss of $2.21 per share compared to a loss $18.17 per share a year ago. Curt S. Culver, chairman and chief executive officer of MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation (MGIC), said that falling home values and the impact of the recession have caused a significant increase in delinquencies in the fourth quarter and for the full year of 2008 and continue to materially impact the company’s financial results.

Richard Snow owns 234,600 shares as of 09/30/2008, an increase of 56.4% from the previous quarter. Martin Whitman owns 2,000,000 shares as of 10/31/2008, which accounts for 0.17% of the $4.68 billion portfolio of Third Avenue Value Fund. NWQ Managers sold out his holdings in the quarter that ended on 09/30/2008.

Director Leslie M Muma bought 5,000 shares of MTG stock on 08/21/2008 at the average price of $6.78; the price of the stock has decreased by 71.09% since.


Rating: 4.0/5 (8 votes)

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