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Kewaunee Scientific Corp. (kequ) Senior VP - Finance and CFO David Michael Parker sells 2,500 Shares

September 25, 2009 | About:
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Senior VP - Finance and CFO of Kewaunee Scientific Corp. (kequ) David Michael Parker sells 2,500 shares of kequ on 09/24/2009 at an average price of $14.09 a share.

Kewaunee Scientific Corporation is a recognized leader in the design manufacture and installation of scientific and technical furniture. The Company's corporate headquarters and domestic manufacturing facilities are located in Statesville North Carolina. The Company also has subsidiaries in Singapore and Bangalore India that serve the Asian markets. Kewaunee Scientific Corp. has a market cap of $37 million; its shares were traded at around $14.44 with a P/E ratio of 8.5 and P/S ratio of 0.3. The dividend yield of Kewaunee Scientific Corp. stocks is 2.7%.

Recent Trades of Kewaunee Scientific Corp. by CEO:

  • Buy: President and CEO William A Shumaker bought 1,075 shares of KEQU stock on 07/09/2009 at the average price of $10.97; the price of the stock has increased by 31.63% since.

  • Buy: President and CEO William A Shumaker bought 1,075 more shares of KEQU stock on 07/09/2009 at the average price of $10.97; the price of the stock has increased by 31.63% since.


Recent Trades of Kewaunee Scientific Corp. by Directors and Officers:

  • Buy: Vice President Dana L Dahlgren bought 200 shares of KEQU stock on 07/20/2009 at the average price of $11.33; the price of the stock has increased by 27.45% since.

  • Buy: VP - Construction Services David M. Rausch bought 300 shares of KEQU stock on 07/01/2009 at the average price of $11.44; the price of the stock has increased by 26.22% since.

  • Sell: VP - Engineering Kurt P Rindoks sold 934 shares of KEQU stock on 09/21/2009 at the average price of $13.69; the price of the stock has increased by 5.48% since.

  • Sell: VP - Engineering Kurt P Rindoks sold 2,000 more shares of KEQU stock on 09/14/2009 at the average price of $13.33; the price of the stock has increased by 8.33% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • 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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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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