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Weekly CEO Buys Highlight: The Greenbrier Companies, AngioDynamics, Hallmark Financial Services, Vestin Realty Mortgage II, And Seneca Foods

April 18, 2009 | About:
guruek

Last week's top five stocks that were bought by their CEOs were The Greenbrier Companies Inc, AngioDynamics Inc, Hallmark Financial Services Inc, Vestin Realty Mortgage II Inc, and Seneca Foods Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

The Greenbrier Companies Inc. (GBX): President & CEO William A Furman Bought 41,440 Shares

President & CEO of The Greenbrier Companies Inc. (GBX) William A Furman bought 41,440 shares during the past week at an average price of $7.73. 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 $128.6 million; its shares were traded at around $7.73 with a P/E ratio of 20.9 and P/S ratio of 0.1. The dividend yield of The Greenbrier Companies Inc. stocks is 2.1%. 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 second quarter fiscal 2009 results. The company announced that its revenue was $287 million, up $27 million when compared to the second quarter of fiscal 2008. Net loss for the quarter was 41 cents per diluted share, compared to a net gain of 9 cents per diluted share in the fiscal second quarter of 2008.

John Keeley owns 1,991,300 shares as of 12/31/2008, which accounts for 0.23% of the $6 billion portfolio of Keeley Fund Management. T Boone Pickens sold out his holdings in the quarter that ended on 12/31/2008.

Buy: EVP/Treasurer/CFO Mark J Rittenbaum bought 5,000 shares of GBX stock on 02/04/2009 at the average price of $5.62; the price of the stock has increased by 37.54% since.

AngioDynamics Inc. (ANGO): President & CEO Jan Keltjens Bought 10,000 Shares

President & CEO of AngioDynamics Inc. (ANGO) Jan Keltjens bought 10,000 shares on 04/09/2009 at an average price of $12.2. AngioDynamics Inc. is a leading provider of innovative medical devices used by interventional radiologists vascular surgeons and other physicians for the minimally invasive diagnosis and treatment of peripheral vascular disease. The company has a market cap of $29.3 million; its shares were traded at around $12.2 with a P/E ratio of 21.8 and P/S ratio of 1.8.

AngioDynamics Inc. recently reported its third quarter fiscal results for 2009. Net sales were up 21% to $49.4 million. Net income was $1.9 million, or 8 cents per share. “Our third quarter results illustrate how smoothly our CEO transition has gone as we recorded solid growth across all of our business units,” said Jan Keltjens, President and CEO. “I would like to thank Eamonn Hobbs for his support during our transition and for all his contributions to AngioDynamics. Since joining the Company, I’ve visited our principal operating locations in New York, Georgia, California and England to become familiar with our people and our products, and have met some of our customers and industry associations. As a result, I am more excited than ever about the potential of our company.

Buy: Director Wesley Johnson bought 2,426 shares of ANGO stock on 01/27/2009 at the average price of $13.89; the price of the stock has decreased by 12.17% since.

Hallmark Financial Services Inc. (HALL): President; CEO Mark J Morrison Bought 12,520 Shares

President; CEO of Hallmark Financial Services Inc. (HALL) Mark J Morrison bought 12,520 shares on 04/15/2009 at an average price of $6.82. HALLMARK FINANCIAL and its wholly owned subsidiaries engage in the sale of property and casualty insurance products. The company has a market cap of $142.2 million; its shares were traded at around $6.82 with a P/E ratio of 6.6 and P/S ratio of 0.5. Hallmark Financial Services Inc. had an annual average earning growth of 54.8% over the past 5 years.

Hallmark Financial Services Inc. recently reported its fourth quarter and full year 2008 results. The company announced that its net income was $12.9 million for the full year of 2008, compared to $27.9 million for the full year of 2007. Total revenue for the fourth quarter of 2008 was $60.2 million, dropping 14% compared to $69.9 million in the fourth quarter of 2007.

Buy: See Explanation Stoker Co Detroit bought 95,425 shares of HALL stock on 04/16/2009 at the average price of $6.79; the price of the stock has increased by 0.44% since.

Vestin Realty Mortgage II Inc. (VRTB): President & CEO Michael V Shustek Bought 26,373 Shares

President & CEO of Vestin Realty Mortgage II Inc. (VRTB) Michael V Shustek bought 26,373 shares during the past week at an average price of $2.6. Vestin Realty Mortgage II Inc. has a market cap of $77.5 million; its shares were traded at around $2.6 . The dividend yield of Vestin Realty Mortgage II Inc. stocks is 18.9%.

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.”

Buy: President & CEO Michael V Shustek bought 3,660 shares of VRTB stock on 04/17/2009 at the average price of $2.68; the price of the stock has decreased by 2.99% since.

Seneca Foods Corp. (SENEA): President and CEO, 10% Owner Kraig H Kayser Bought 2,000 Shares

President and CEO, 10% Owner of Seneca Foods Corp. (SENEA) Kraig H Kayser bought 2,000 shares on 04/16/2009 at an average price of $22.85. Seneca Foods Corporation is an independent publicly traded food processing company. They are a fully integrated producer having made significant investments in facilities and technologies to enhance manufacturing processes increase line speeds and guarantee premium quality. At Seneca they even develop crop seeds and manufacture their own cans to give an additional competitive advantage. Seneca Foods Corp. has a market cap of $110.3 million; its shares were traded at around $22.85 with and P/S ratio of 0.1.

Seneca Foods recently reported its financial results for the three months that ended on December 27, 2008. The company reported record sales for the quarter that ended Dec. 27, 2008, up $21.5% compared to the quarter that ended December 2007. For the three months, sales were up 17.8%.


Rating: 2.3/5 (6 votes)

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