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Weekly CEO Buys Highlight: General Steel Holdings Inc, Conseco Inc, Vestin Realty Mortgage II Inc, Keithley Instruments Inc.

April 11, 2009 | About:

Last week's top stocks that were bought by their CEOs were General Steel Holdings Inc, Conseco Inc, Vestin Realty Mortgage II Inc, and Keithley Instruments Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

General Steel Holdings Inc (GSI): Chairman & CEO, 10% Owner Zuo Sheng Yu Bought 90,000 Shares

Chairman & CEO, 10% Owner of General Steel Holdings Inc (GSI) Zuo Sheng Yu bought 90,000 shares during the past week at an average price of $3.56. General Steel Holdings Inc. headquartered in Beijing operates a diverse portfolio of Chinese steel companies. The Company has steel operations in Shaanxi province (central China) Inner Mongolia province (northwest China) and Tianjin municipality (northeast China). General Steel Holdings Inc has a market cap of $129.2 million; its shares were traded at around $3.56 with and P/S ratio of 0.1.

General Steel Holdings Inc. recently reported its fourth quarter 2008 results. The company announced that its net revenue was $14 million for both the fourth quarter of 2008 and 2007. Net revenues increased by 27.7% from $38.0 million in the nine months ended December 31, 2007 to $48.5 million in the nine months ended December 31, 2008. To see the full report, click here: http://www.gurufocus.com/news.php?id=49053

Conseco Inc. (CNO): CEO C James Prieur Bought 200,000 Shares

CEO of Conseco Inc. ( CNO) C James Prieur bought 200,000 shares on 04/02/2009 at an average price of $1.35. Conseco Inc. is one of middle America's leading sources for supplemental health insurance life insurance and annuities. Conseco Inc. has a market cap of $249.2 million; its shares were traded at around $1.35 with a P/E ratio of 1.4.

Conseco recently reported its fourth quarter and full year 2008 results. The company said that its net operating income for the fourth quarter of 2008 was $48.7 million, compared to $27.2 million in 4Q07. The company also reported a net loss per diluted share of $2.45 compared to 38 cents in the fourth quarter of 2007.

John Keeley bought 38,773 shares in the quarter that ended on 12/31/2008, which is less than 0.01% of the $6 billion portfolio of Keeley Fund Management. David Tepper owns 1,762,094 shares as of 12/31/2008, an increase of 4197.79% from the previous quarter. This position accounts for 1.95% of the $572 million portfolio of APPALOOSA MANAGEMENT LP.

Buy: EVP and CFO Edward J Bonach bought 1,000 shares of CNO stock on 11/20/2008 at the average price of $2; the price of the stock has decreased by 25.5% since.

Vestin Realty Mortgage II Inc. (VRTB): President & CEO Michael V Shustek Bought 19,632 Shares

President & CEO of Vestin Realty Mortgage II Inc. (VRTB) Michael V Shustek bought 19,632 shares during the past week at an average price of $2.6601. Vestin Realty Mortgage II Inc. has a market cap of $79.3 million; its shares were traded at around $2.6601 . The dividend yield of Vestin Realty Mortgage II Inc. stocks is 18.5%.

VRTB recently reported its fourth quarter 2008 results. The company announced that it had a net loss of about $130.2 million, or $8.86 per share for the year ended December 31, 2008, compared with net income (gain) of approximately $16.9 million, or $1.14 per share for the year ended December 31, 2007. Michael V. Shustek, Chairman and Chief Executive Officer, said, “Our disappointing results are largely attributable to the economic environment the country is experiencing. The severe downturn in the real estate market and the increased difficulties faced by our borrowers in obtaining take-out financing as a result of the disruptions in the credit markets, has caused a number of our loans to become non-performing or delinquent and has caused a decline in the appraised value of the collateral securing the Company’s loan portfolio. We are working aggressively to resolve our problem loans; however, this process will take time and our near term operating results are likely to suffer from the level of non-performing assets.”

Keithley Instruments Inc. (KEI): Director, Chairman, CEO, 10% Owner Joseph P Keithley Bought 3,043 Shares

Director, Chairman, CEO, 10% Owner of Keithley Instruments Inc. (KEI) Joseph P Keithley bought 3,043 shares during the past week at an average price of $3.5. Keithley Instruments Inc. develop manufacture and sell measurement systems geared to the specialized needs of electronics manufacturers for high-performance production testing process monitoring product development and research. The company has a market cap of $54.6 million; its shares were traded at around $3.5 with and P/S ratio of 0.3. The dividend yield of Keithley Instruments Inc. stocks is 4.3%.

Keithley recently reported its full year 2008 results. The company announced that its net sales were $152 million, compared to $144 million for the full year of 2007. Net loss was $2.6 million, compared to $0.35 million in the third quarter of 2008.

NWQ Managers owns 1,857,780 shares as of 12/31/2008, which accounts for 0.04% of the $15.24 billion portfolio of NWQ Investment Management Co. Robert Olstein sold out his holdings in the quarter that ended on 12/31/2008.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
  • 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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Rating: 2.5/5 (4 votes)

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