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Weekly CEO Buy Highlights: Helix Energy Solutions Group, GHL ACQUISITION CORP, SOLUTIA, INC. , HECKMANN CORPORATION, Trico Marine Services Inc.

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Last week’s top five stocks that were bought by their CEOs were Helix Energy Solutions Group Inc. (HLX), GHL ACQUISITION CORP (GHQ), SOLUTIA, INC. (SOA), HECKMANN CORPORATION (HEK), and Trico Marine Services Inc. (TRMA)。 According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Helix Energy Solutions Group Inc. (HLX): PRESIDENT & CEO Owen E Kratz Bought 101,250 Shares

PRESIDENT & CEO of Helix Energy Solutions Group Inc. (HLX) Owen E Kratz bought 101,250 shares on 06/24/2009 at an average price of $10.2. Helix Energy Solutions Group Inc. is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company has a market cap of $1 billion; its shares were traded at around $10.2 with a P/E ratio of 5.8 and P/S ratio of 0.5. Helix Energy Solutions Group Inc. had an annual average earning growth of 28.6% over the past 10 years.

Helix recently reported its first quarter 2009 results. The company announced that its net income was about $53 million, or 50 cents per diluted share, compared to $73 million, or 77 cents per diluted share in the first quarter of 2008.

David Einhorn owns 6,527,645 shares as of 03/31/2009, an increase of 13.86% from the previous quarter. This position accounts for 1.41% of the $2.38 billion portfolio of Greenlight Capital Inc. David Einhorn owns 6,527,645 shares as of 03/31/2009, which accounts for 1.41% of the $2.38 billion portfolio of Greenlight Capital Inc. Kenneth Fisher owns 829,750 shares as of 03/31/2009, which accounts for 0.02% of the $20.33 billion portfolio of Fisher Asset Management, LLC.

Many directors are recently increasing their positions in the company. Director Nancy K Quinn bought 2,000 shares of HLX stock on 03/18/2009 at the average price of $5.12; the price of the stock has increased by 99.22% since.

GHL ACQUISITION CORP (GHQ): CEO Scott L Bok Bought 100,000 Shares

CEO of GHL ACQUISITION CORP (GHQ) Scott L Bok bought 100,000 shares during the past week at an average price of $9.79. GHL ACQUISITION CORP. is a newly formed blank check company organized for the purpose of effecting a merger capital stock exchange asset acquisition stock purchase reorganization or other similar business combination with one or more businesses or assets which they refer to as their initial business combination. The Company has a market cap of $474.8 million; its shares were traded at around $9.79 .

Seth Klarman owns 199,462 shares as of 03/31/2009, a decrease of 91.14% of from the previous quarter. This position accounts for 0.19% of the $1.01 billion portfolio of The Baupost Group.

Buy: Senior Vice President Robert H Niehaus bought 25,100 shares of GHQ stock on 06/30/2009 at the average price of $9.79; the price of the stock has decreased by 0% since.

SOLUTIA, INC. (SOA): President, CEO & Chairman Jeffry N Quinn Bought 20,000 Shares

President, CEO & Chairman of SOLUTIA, INC. (SOA) Jeffry N Quinn bought 20,000 shares on 06/24/2009 at an average price of $6.02. SOLUTIA is a market-leading performance materials and specialty chemicals company. The company has a market cap of $566.9 million; its shares were traded at around $6.02 with a P/E ratio of 16.3 and P/S ratio of 0.3.

Solutia recently reported its first quarter 2009 results. The company announced that its net sales decreased to $339 million, from $517 million in the first quarter of 2008. Adjusted EBITDA also decreased to $56 million, from $95 million.

John Keeley owns 49,000 shares as of 03/31/2009, an increase of 16.67% from the previous quarter. This position accounts for less than 0.01% of the $4.75 billion portfolio of Keeley Fund Management. John Keeley owns 49,000 shares as of 03/31/2009, which accounts for less than 0.01% of the $4.75 billion portfolio of Keeley Fund Management. Charles Brandes owns 340,535 shares as of 03/31/2009, which accounts for less than 0.01% of the $16.16 billion portfolio of Brandes Investment.

Buy: Executive VP, CFO & Treasurer James M Sullivan bought 3,000 shares of SOA stock on 06/24/2009 at the average price of $5; the price of the stock has increased by 20.4% since.

HECKMANN CORPORATION (HEK): CHAIRMAN & CEO, 10% Owner Richard J Heckmann Bought 20,000 Shares

CHAIRMAN & CEO, 10% Owner of HECKMANN CORPORATION (HEK) Richard J Heckmann bought 20,000 shares on 06/24/2009 at an average price of $3.72. HECKMANN CORPORATION operates as a blank check development stage company. It intends to acquire or acquire control of one or more operating businesses through a merger stock exchange asset acquisition reorganization or similar business combination. HECKMANN CORPORATION has a market cap of $409.5 million; its shares were traded at around $3.72 with and P/S ratio of 39.

Heckman Corp. recently reported its first quarter 2009 results. The company reported a net loss of $1.69 per share. Net sales were $7.8 million. Mr. Richard J. Heckmann, Chairman and CEO of Heckmann Corporation, stated, “We made great progress in accelerating our strategic investment into diversified water business interests. Globally, the increasing need for delivery and purification of fresh water is driving growth in the water industry. Water infrastructure and resources are attractive long-term business opportunities and we are putting our strong balance sheet to work in the water business. So far, our efforts have culminated in a letter of intent to purchase substantially all of the assets of three companies that operate a saltwater disposal, treatment and water pipeline transportation business in Texas and Louisiana. This business has very strong growth characteristics and with the experienced and strong management team we are acquiring, we expect to open new avenues for expansion using our balance sheet strength. We have also signed an agreement to purchase a minority stake in Underground Solutions, Inc., a fast growing water infrastructure and pipeline company located in Poway, California. Investments such as these that enable us to diversify into productive and profitable water-related businesses will be critical to the long-term success of our Company.”

Ron Baron owns 3,500,000 shares as of 03/31/2009, which accounts for 0.18% of the $9.64 billion portfolio of Baron Funds.

Buy: Vice President/General Counsel Donald Ezzell bought 30,000 shares of HEK stock on 05/29/2009 at the average price of $4.14; the price of the stock has decreased by 10.14% since.

Trico Marine Services Inc. (TRMA): Chairman and CEO Joseph S Compofelice Bought 20,000 Shares

Chairman and CEO of Trico Marine Services Inc. (TRMA) Joseph S Compofelice bought 20,000 shares during the past week at an average price of $3.26. Trico Marine Services Inc. provides a broad range of marine support services to the oil and gas industry primarily in the North Sea Gulf of Mexico West Africa Mexico and Brazil. It has a market cap of $54.7 million; its shares were traded at around $3.26 with and P/S ratio of 0.1. Trico Marine Services Inc. had an annual average earning growth of 8.8% over the past 10 years.

Trico recently reported its first quarter 2009 results. The company announced that its revenue was $122 million, and that it had a net loss of 4 cents per diluted share in the quarter. Chairman and Chief Executive Officer, Joseph S. Compofelice, commented, "Our first quarter results were adversely affected by the sharp decline in day rates and utilization in our Towing and Supply segment in the North Sea and U.S. Gulf of Mexico, lower utilization of our Subsea Services vessels and lower activity in our Subsea Trenching and Protection segment both due to seasonality and vessels in transit. Since the beginning of 2009, we have reduced our exposure to the North Sea by mobilizing two of our Subsea Trenching and Protection vessels to commence new contracts in China and Australia, expanded the scope of work related to contracts in the Mediterranean and completed the sale of a North Sea PSV for $26 million. Importantly, each of the 16 vessels at DeepOcean and CTC Marine are now earning revenue under contracts of various lengths at margins consistent with those realized in 2008, and we expect this to translate into improved operating results in the second and third quarters. We continue to see the fundamentals of subsea sector growth remaining strong in the second and third quarters of 2009."

Buy: 10% Owner Harbour Management Lc Bay bought 50,000 shares of TRMA stock on 06/29/2009 at the average price of $3.25; the price of the stock has increased by 0.31% since.


Rating: 3.3/5 (3 votes)

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