Last week’s top five stocks that were bought by their CEOs were United Therapeutics Corp. (NASDAQ:UTHR), UDR Inc. (NYSE:UDR), ValueVision Media Inc. (VVTV), SourceForge Inc. (LNUX), and The Phoenix Companies Inc. (NYSE:PNX). According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
United Therapeutics Corp. (NASDAQ:UTHR): CEO Martine A Rothblatt Bought 98,976 Shares
CEO of United Therapeutics Corp. (NASDAQ:UTHR) Martine A Rothblatt bought 98,976 shares during the past week at an average price of $82.7. UTD THERAPEUTIC is a biotechnology company focused on combating cardiovascular inflammatory and infectious diseases with unique therapeutic products. These products include pharmaceuticals, arginine products, and telemedicine services. United Therapeutics Corp. has a market cap of $2.19 billion; its shares were traded at around $82.7 with a P/E ratio of 34.1 and P/S ratio of 7.8.
UTHR recently reported its first quarter 2009 results. The company announced that its net income was $13.2 million, or 50 cents per share. compared to $9.9 million, or 44 cents per share a year ago. "I am pleased that we started the year with an extremely strong first quarter," said Martine Rothblatt, Ph.D., United Therapeutics' Chairman and Chief Executive Officer. "Our core Remodulin franchise continues to grow and is now the preferred form of prostacyclin in North America."
Ken Heebner bought 105,000 shares in the quarter that ended on 03/31/2009, which is 0.13% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Edward Owens owns 111,000 shares as of 03/31/2009, which accounts for 0.05% of the $15.69 billion portfolio of Vanguard Health Care Fund. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 03/31/2009.
UTHR was recently traded in by its CFO. CFO John Maxim Ferrari sold 3,747 shares of UTHR stock on 06/04/2009 at the average price of $82.41; the price of the stock has increased by 0.35% since.
UDR Inc. (NYSE:UDR): CEO Thomas W Toomey Bought 60,000 Shares
CEO of UDR Inc. (NYSE:UDR) Thomas W Toomey bought 60,000 shares on 06/11/2009 at an average price of $10.78. United Dominion Realty Trust Inc. is a leading multi-family real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing buying selling developing and redeveloping attractive real estate properties in targeted U.S. markets. UDR has delivered long-term value to shareholders the best standard of service to residents and the highest quality experience for associates. UDR Inc. has a market cap of $1.62 billion; its shares were traded at around $10.78 with a P/E ratio of 7.5 and P/S ratio of 2.8. The dividend yield of UDR Inc. stocks is 11.3%.
UDR recently reported its first quarter results. The company reported that it repurchased $160 million worth of its shares. These purchases resulted in a net gain of $8.9 million, or 6 cents per diluted share. “ UDR is well positioned to weather the challenging environment with a strong and flexible balance sheet and an uncompromised focus on operations,” said Tom Toomey, President and CEO of UDR. “While we do not take this flexibility for granted, we do acknowledge the freedom it affords us to focus on operating our business as best we can in a turbulent economic environment.”
Chris Davis owns 2,280,234 shares as of 03/31/2009, an increase of 58.35% from the previous quarter. This position accounts for 0.05% of the $38.73 billion portfolio of Davis Selected Advisers. Ken Heebner sold out his holdings in the quarter that ended on 03/31/2009.
Buy: Director Thomas R Oliver bought 5,700 shares of UDR stock on 02/20/2009 at the average price of $9.03; the price of the stock has increased by 19.38% since.
ValueVision Media Inc. (VVTV): President & CEO Keith R Stewart Bought 155,400 Shares
President & CEO of ValueVision Media Inc. (VVTV) Keith R Stewart bought 155,400 shares on 06/16/2009 at an average price of $1.69. VALUEVISION INTERNATIONAL IN is a home-shopping retailer in the United States. Through its continuous merchandise-focused television programming it sells a wide variety of products directly to consumers. The products are presented by on-air hosts and orders are processed on-site by its telemarketing service representatives who use its customized computer processing system which provides real-time feedback to the on- air hosts. ValueVision Media Inc. has a market cap of $54.8 million; its shares were traded at around $1.69 with and P/S ratio of 0.1.
ValueVision Media recently reported its first quarter fiscal 2009 results. The company announced that its first quarter revenues were $134 million, down about 14% from results a year ago. This decline was caused mainly by a 26% decrease in average selling price, which was offset by a 10% decline in unit volume.
Buy: SVP & CFO Frank Elsenbast bought 15,000 shares of VVTV stock on 03/02/2009 at the average price of $0.33; the price of the stock has increased by 412.12% since.
SourceForge Inc. (LNUX): President and CEO Scott L Kauffman Bought 50,000 Shares
President and CEO of SourceForge Inc. (LNUX) Scott L Kauffman bought 50,000 shares on 06/12/2009 at an average price of $1.45. SourceForge's media and e-commerce web sites connect millions of influential technology professionals and enthusiasts each day. Combining user- developed content online marketplaces and e-commerce SourceForge is the global technology community's nexus for information exchange goods for geeks and open source software distribution and services. SourceForge's network of web sties serves more than 33 million unique visitors each month and includes: SourceForge.net, Slashdot, ThinkGeek, Linux.com, freshmeat.net, ITManagersJournal, and NewsForge. SourceForge Inc. has a market cap of $87.7 million; its shares were traded at around $1.45 with and P/S ratio of 1.6.
LNUX recently reported its total revenue $10.4 million, compared to $11.4 million from a year ago. The company reported a net loss of $7.4 million. "This is the first quarter that we are reporting under our new calendar year end," said Scott Kauffman, President & CEO, SourceForge, Inc.value="NASDAQ-NMS: LNUX" "While we are not satisfied with the results of the first quarter, I am confident about the merits of our new strategy and the value of the investments we are making in our business."
Buy: Director Andrew L Anker bought 70,000 shares of LNUX stock on 06/10/2009 at the average price of $1.25; the price of the stock has increased by 16% since. Many other insiders have recently increased their positions in the company.
The Phoenix Companies Inc. (NYSE:PNX): President & CEO James D Wehr Bought 28,600 Shares
President & CEO of The Phoenix Companies Inc. (NYSE:PNX) James D Wehr bought 28,600 shares on 06/12/2009 at an average price of $1.69. Phoenix Companies Inc. is leading provider of wealth management products and services offered through a variety of select advisors and financial services firms to serve the accumulation preservation and transfer needs of the affluent and high net worth market businesses and institutions. The company refers to its products and services together as its wealth management solutions. The company offers a broad range of life insurance variable annuity and investment management solutions through a variety of distributors. The Phoenix Companies Inc. has a market cap of $195.4 million; its shares were traded at around $1.69 with a P/E ratio of 3 and P/S ratio of 0.1.
PNX recently reported its first quarter fiscal 2009 results. The company announced that it had a loss of 65 cents per share in the first quarter. Operating loss was $1 per share. "As we look at the first quarter's challenging results, we nevertheless see a company that has the capitalization, liquidity and financial flexibility to continue weathering severe economic conditions, despite new challenges presented by rating downgrades and the resulting suspension of sales by major distribution partners. From an earnings perspective, improvements from the fourth quarter were partially obscured by the magnitude of the increase to the tax valuation allowance, which can, ultimately, reverse as we work our way out of the current conditions," said James D. Wehr, president and chief executive officer.
Daniel Loeb owns 7,524,000 shares as of 03/31/2009, which accounts for 1.7% of the $516 million portfolio of Third Point, LLC. Three gurus sold out the company.
PNX was recently bought by its CEO and Senior EVP. Senior EVP Philip K Polkinghorn bought 2,500 shares of PNX stock on 05/06/2009 at the average price of $1.89; the price of the stock has decreased by 10.58% since.
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.