Weekly highlight of top insider buys: Chico’s FAS Inc. (CHS, Financial), AmeriCredit Corp. (ACF, Financial), National Penn Bancshares Inc. (NPBC, Financial), The Macerich Company (MAC), and Nuveen Quality Income Municipal Fund Inc. (NQU, Financial)
For the complete list of stocks were that bought by their company executives, go to: Insider Buys.
Chico's FAS Inc. (CHS): Director Ross E Roeder Bought 6,000 Shares
Director of Chico's FAS Inc., Ross E Roeder, bought 6,000 shares on 3/27/2009 at an average price of $6.49.
Chico’s FAS Inc. is a specialty retailer of exclusively designed private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, and more. Chico's FAS Inc. has a market cap of $1.15 billion; its shares were traded at around $6.49 with and P/S ratio of 0.73. Chico's FAS Inc. had an annual average earning growth of 38.5% over the past 10 years. GuruFocus rated Chico's FAS Inc. the business predictability rank of 2.5-star.
Chico’s FAS Inc. recently reported results for fourth quarter 2008. Net loss was $40.5 million, which includes $9.1 million of store impairment and $6.6 million severance charges after-tax vs. net loss of $20.5 million. Fourth quarter 2008 net sales totaled $373.4 million vs. $409.3 million in 2007.
Chico's FAS Inc. is owned by 3 Gurus. PRIMECAP Management owns 4,176,900 shares as of 12/31/2008, which accounts for 0.04% of the $43.42 billion portfolio of PRIMECAP Management. Richard Snow owns 8,873,765 shares, and these make up 1.62% of the $2.29 billion portfolio of Snow Capital Management, L.P. Arnold Schneider owns 2,661,557 shares as of 12/31/2008, a decrease of 43.24% of from the previous quarter. This position accounts for 0.8% of the $1.4 billion portfolio of Schneider Capital Management.
Buy: EVP- CFO Kent A Kleeberger bought 22,000 shares of CHS stock from November to March; the price of the stock has increased by 23.62% since his latest buy. Buy: Director Ross E Roeder bought 10,000 shares of CHS stock in March, and the price of the stock has increased by more than 20%. Buy: EVP - COO Jeffrey A Jones and Buy: Director John Mahoney also bought shares in March.
AmeriCredit Corp. (ACF): Director Ian M Cumming Bought 225,000 Shares
Director of AmeriCredit Corp., Ian M Cumming, bought 225,000 shares on 3/27/2009 at an average price of $6.95.
AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit Corp. has a market cap of $915.03 million; its shares were traded at around $6.95 with a P/E ratio of 115.83 and P/S ratio of 0.36. AmeriCredit Corp. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated AmeriCredit Corp. the business predictability rank of 2.5-star.
AmeriCredit Corp. recently announced a net loss of $25.6 million, or $0.21 per share, for its fiscal second quarter ended December 31, 2008, compared to a loss of $19.1 million, or $0.17 per share, for the same period a year earlier.
AmeriCredit Corp. is owned by 3 Gurus. Bruce Berkowitz owns 32,307,322 shares as of 12/31/2008, an increase of 53.48% from the previous quarter. This position accounts for 3.46% of the $7.13 billion portfolio of Fairholme Capital Managment. Ian Cumming owns 32,715,440 shares; these make up 25.55% of the $978 million portfolio of Leucadia National. As of the same period, Chuck Akre owns 2,729,598 shares, which accounts for 2.3% of the $905 million portfolio of Akre Capital Management, LLC.
Buy: 10% Owner National Corp Leucadia and Buy: Director Ian M Cumming both bought shares of ACF stock on 3/27/2009; the price of the stock has increased by 11.02% since. Sell: 10% Owner Capital Management L Fairholme sold 64,783 shares of ACF stock in November.
National Penn Bancshares Inc. (NPBC): Director Molly K Morrison Bought 1,149 Shares
Director of National Penn Bancshares Inc., Molly K Morrison, bought 1,149 shares on 3/31/2009 at an average price of $9.41.
National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares Inc. has a market cap of $772.66 million; its shares were traded at around $9.41 with a P/E ratio of 16.8 and P/S ratio of 1.58. The dividend yield of National Penn Bancshares Inc. stocks is 7.23%. National Penn Bancshares Inc. had an annual average earning growth of 5.4% over the past 10 years. GuruFocus rated National Penn Bancshares Inc. the business predictability rank of 2.5-star.
For the fourth quarter 2008, National Penn Bancshares Inc. recorded a net loss totaling $35.76 million, or a loss of $0.45 per diluted share. This compares to fourth quarter 2007 net income of $16.71 million, or $0.34 per diluted share. Fourth quarter 2008 results were adversely impacted by three key items (pre-tax), which were reported in a December 30, 2008SEC filing on form 8-K:
Sell: CFO Michael R Reinhard sold 11,415 shares of NPBC stock in October and the price of the stock has decreased by 41.19% since. Buy: Director Molly K Morrison and Buy: Director Natalye Paquin bought shares on 3/31/2009; the price has increased by 10.19% since. Buy: Director Thomas Arthur Beaver , Buy: EVP/Corporate Secretary Michelle H Debkowski , and Buy: Director C Robert Roth bought shares of NPBC stock on 3/17/2009, and the price of the stock has increased by 34.24% since.
The Macerich Company (MAC): Vice Chairman of the Board Dana K Anderson Bought 25,000 Shares
Vice Chairman of the Board of The Macerich Company, Dana K Anderson, bought 25,000 shares on 3/27/2009 at an average price of $9.84.
Macerich Co. is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, management, and leasing of regional shopping centers located throughout the United States. The Macerich Company has a market cap of $758 million; its shares were traded at around $9.84 with a P/E ratio of 1.79 and P/S ratio of 0.84. The dividend yield of The Macerich Company stocks is 32.52%. The Macerich Company had an annual average earning growth of 1.8% over the past 10 years. GuruFocus rated The Macerich Company the business predictability rank of 2.5-star.
On February 11, 20009, The Macerich Company announced results of operations for the quarter ended December 31, 2008. Net income available to common stockholders for the quarter ended December 31, 2008 was $63.2 million or $.83 per share-diluted compared to $39.9 million or $.55 per share-diluted for the quarter ended December 31, 2007.
Ken Heebner owns 3,873,900 shares as of 12/31/2008, an increase of 122.64% from the previous quarter. This position accounts for 1.02% of the $6.87 billion portfolio of Capital Growth Management LP. Chris Davis sold out his holdings in the same quarter.
Sell: Chairman & CEO, Director Arthur M Coppola sold 770,629 shares of MAC stock in December; the price of the stock has decreased by more than 60% since. Sell: Senior EVP, Treasurer & CFO Hern Thomas E O sold 1,900 shares the same month. Buy: Vice Chairman of the Board Dana K Anderson bought 70,000 shares of MAC stock during November to March, and the the price of the stock has increased by 65.66% since. Buy: Director Stanley A Moore bought 15,000 shares of MAC stock in November; the price of the stock has decreased by 22.09% since.
Nuveen Quality Income Municipal Fund Inc (NQU): Vice President & Port. Mgr. Thomas C Jr Spalding Bought 4,871 Shares
Vice President & Port. Mgr. of Nuveen Quality Income Municipal Fund Inc, Thomas C Jr Spalding, bought 4,871 shares during the past week at an average price of $12.02.
Nuveen Quality Income Municipal Fund Inc. is a closed-end diversified management investment company that invests primarily in a diversified portfolio of municipal obligations issued by state and local government authorities. Nuveen Quality Income Municipal Fund Inc has a market cap of $651.71 million; its shares were traded at around $12.02 . The dividend yield of Nuveen Quality Income Municipal Fund Inc stocks is 6.49%.
Buy: Vice President & Port. Mgr. Thomas C Jr Spalding bought 3,371 shares of NQU stock on 4/02/2009 at the average price of $12.14; the price of the stock has decreased by 0.99% since.
For the complete list of stocks were that bought by their company executives, go to: Insider Buys.
Chico's FAS Inc. (CHS): Director Ross E Roeder Bought 6,000 Shares
Director of Chico's FAS Inc., Ross E Roeder, bought 6,000 shares on 3/27/2009 at an average price of $6.49.
Chico’s FAS Inc. is a specialty retailer of exclusively designed private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, and more. Chico's FAS Inc. has a market cap of $1.15 billion; its shares were traded at around $6.49 with and P/S ratio of 0.73. Chico's FAS Inc. had an annual average earning growth of 38.5% over the past 10 years. GuruFocus rated Chico's FAS Inc. the business predictability rank of 2.5-star.
Chico’s FAS Inc. recently reported results for fourth quarter 2008. Net loss was $40.5 million, which includes $9.1 million of store impairment and $6.6 million severance charges after-tax vs. net loss of $20.5 million. Fourth quarter 2008 net sales totaled $373.4 million vs. $409.3 million in 2007.
Chico's FAS Inc. is owned by 3 Gurus. PRIMECAP Management owns 4,176,900 shares as of 12/31/2008, which accounts for 0.04% of the $43.42 billion portfolio of PRIMECAP Management. Richard Snow owns 8,873,765 shares, and these make up 1.62% of the $2.29 billion portfolio of Snow Capital Management, L.P. Arnold Schneider owns 2,661,557 shares as of 12/31/2008, a decrease of 43.24% of from the previous quarter. This position accounts for 0.8% of the $1.4 billion portfolio of Schneider Capital Management.
Buy: EVP- CFO Kent A Kleeberger bought 22,000 shares of CHS stock from November to March; the price of the stock has increased by 23.62% since his latest buy. Buy: Director Ross E Roeder bought 10,000 shares of CHS stock in March, and the price of the stock has increased by more than 20%. Buy: EVP - COO Jeffrey A Jones and Buy: Director John Mahoney also bought shares in March.
AmeriCredit Corp. (ACF): Director Ian M Cumming Bought 225,000 Shares
Director of AmeriCredit Corp., Ian M Cumming, bought 225,000 shares on 3/27/2009 at an average price of $6.95.
AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit Corp. has a market cap of $915.03 million; its shares were traded at around $6.95 with a P/E ratio of 115.83 and P/S ratio of 0.36. AmeriCredit Corp. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated AmeriCredit Corp. the business predictability rank of 2.5-star.
AmeriCredit Corp. recently announced a net loss of $25.6 million, or $0.21 per share, for its fiscal second quarter ended December 31, 2008, compared to a loss of $19.1 million, or $0.17 per share, for the same period a year earlier.
AmeriCredit Corp. is owned by 3 Gurus. Bruce Berkowitz owns 32,307,322 shares as of 12/31/2008, an increase of 53.48% from the previous quarter. This position accounts for 3.46% of the $7.13 billion portfolio of Fairholme Capital Managment. Ian Cumming owns 32,715,440 shares; these make up 25.55% of the $978 million portfolio of Leucadia National. As of the same period, Chuck Akre owns 2,729,598 shares, which accounts for 2.3% of the $905 million portfolio of Akre Capital Management, LLC.
Buy: 10% Owner National Corp Leucadia and Buy: Director Ian M Cumming both bought shares of ACF stock on 3/27/2009; the price of the stock has increased by 11.02% since. Sell: 10% Owner Capital Management L Fairholme sold 64,783 shares of ACF stock in November.
National Penn Bancshares Inc. (NPBC): Director Molly K Morrison Bought 1,149 Shares
Director of National Penn Bancshares Inc., Molly K Morrison, bought 1,149 shares on 3/31/2009 at an average price of $9.41.
National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares Inc. has a market cap of $772.66 million; its shares were traded at around $9.41 with a P/E ratio of 16.8 and P/S ratio of 1.58. The dividend yield of National Penn Bancshares Inc. stocks is 7.23%. National Penn Bancshares Inc. had an annual average earning growth of 5.4% over the past 10 years. GuruFocus rated National Penn Bancshares Inc. the business predictability rank of 2.5-star.
For the fourth quarter 2008, National Penn Bancshares Inc. recorded a net loss totaling $35.76 million, or a loss of $0.45 per diluted share. This compares to fourth quarter 2007 net income of $16.71 million, or $0.34 per diluted share. Fourth quarter 2008 results were adversely impacted by three key items (pre-tax), which were reported in a December 30, 2008SEC filing on form 8-K:
Sell: CFO Michael R Reinhard sold 11,415 shares of NPBC stock in October and the price of the stock has decreased by 41.19% since. Buy: Director Molly K Morrison and Buy: Director Natalye Paquin bought shares on 3/31/2009; the price has increased by 10.19% since. Buy: Director Thomas Arthur Beaver , Buy: EVP/Corporate Secretary Michelle H Debkowski , and Buy: Director C Robert Roth bought shares of NPBC stock on 3/17/2009, and the price of the stock has increased by 34.24% since.
The Macerich Company (MAC): Vice Chairman of the Board Dana K Anderson Bought 25,000 Shares
Vice Chairman of the Board of The Macerich Company, Dana K Anderson, bought 25,000 shares on 3/27/2009 at an average price of $9.84.
Macerich Co. is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, management, and leasing of regional shopping centers located throughout the United States. The Macerich Company has a market cap of $758 million; its shares were traded at around $9.84 with a P/E ratio of 1.79 and P/S ratio of 0.84. The dividend yield of The Macerich Company stocks is 32.52%. The Macerich Company had an annual average earning growth of 1.8% over the past 10 years. GuruFocus rated The Macerich Company the business predictability rank of 2.5-star.
On February 11, 20009, The Macerich Company announced results of operations for the quarter ended December 31, 2008. Net income available to common stockholders for the quarter ended December 31, 2008 was $63.2 million or $.83 per share-diluted compared to $39.9 million or $.55 per share-diluted for the quarter ended December 31, 2007.
Ken Heebner owns 3,873,900 shares as of 12/31/2008, an increase of 122.64% from the previous quarter. This position accounts for 1.02% of the $6.87 billion portfolio of Capital Growth Management LP. Chris Davis sold out his holdings in the same quarter.
Sell: Chairman & CEO, Director Arthur M Coppola sold 770,629 shares of MAC stock in December; the price of the stock has decreased by more than 60% since. Sell: Senior EVP, Treasurer & CFO Hern Thomas E O sold 1,900 shares the same month. Buy: Vice Chairman of the Board Dana K Anderson bought 70,000 shares of MAC stock during November to March, and the the price of the stock has increased by 65.66% since. Buy: Director Stanley A Moore bought 15,000 shares of MAC stock in November; the price of the stock has decreased by 22.09% since.
Nuveen Quality Income Municipal Fund Inc (NQU): Vice President & Port. Mgr. Thomas C Jr Spalding Bought 4,871 Shares
Vice President & Port. Mgr. of Nuveen Quality Income Municipal Fund Inc, Thomas C Jr Spalding, bought 4,871 shares during the past week at an average price of $12.02.
Nuveen Quality Income Municipal Fund Inc. is a closed-end diversified management investment company that invests primarily in a diversified portfolio of municipal obligations issued by state and local government authorities. Nuveen Quality Income Municipal Fund Inc has a market cap of $651.71 million; its shares were traded at around $12.02 . The dividend yield of Nuveen Quality Income Municipal Fund Inc stocks is 6.49%.
Buy: Vice President & Port. Mgr. Thomas C Jr Spalding bought 3,371 shares of NQU stock on 4/02/2009 at the average price of $12.14; the price of the stock has decreased by 0.99% since.
