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Weekly Top Insider Buys: Windstream Corp., SandRidge Energy Inc., First Niagara Financial Group Inc., Smithfield Foods Inc., and Select Medical Corp.

October 03, 2009 | About:
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gururk

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Weekly highlight of top insider buys: Windstream Corp. (WIN), SandRidge Energy Inc. (SD), First Niagara Financial Group Inc. (FNFG), Smithfield Foods Inc. (SFD), and Select Medical Corp. (SEM)

Windstream Corp. (WIN): Director Dennis Foster Bought 2,200 Shares

Director of Windstream Corp., Dennis Foster, bought 2,200 shares on 9/25/2009 at an average price of $9.78.

Windstream Corp. Communications Group is one of the largest providers of telecommunications services in the southwestern United States. The company offers a residential, business, and government customers a wide range of telecommunications services. Windstream Corp. has a market cap of $4.21 billion; its shares were traded at around $9.78 with a P/E ratio of 10.1 and P/S ratio of 1.4. The dividend yield of Windstream Corp. stocks is 10.4%.

On August 6, Windstream Corp. announced financial results for the second quarter of 2009. Revenues were $753 million, a 5.9 percent decrease from a year ago. Net income was $91 million, an 11 percent decrease from a year ago, or 21 cents of diluted earnings per share.

Windstream Corp. is in the portfolios of three Gurus: Private Capital of Private Capital Management, David Williams of Columbia Value and Restructuring Fund, and David Dreman of Dreman Value Management.

Two weeks ago, Buy: Director  Dennis Foster bought 2,200 shares of WIN stock and the price of the stock increased by 0.93. Sell: COO  Brent Whittington and Sell: SVP - Treasurer [url=http://www.gurufocus.com/InsiderBuy.php?insider=Clancy+Robert+G ]Robert G Clanc y[/url ] both sold shares in August.

SandRidge Energy Inc. (SD): Director Everett R Dobson Bought 20,800 Shares

Director of SandRidge Energy Inc., Everett R Dobson, bought 20,800 shares on 9/25/2009 at an average price of $12.06.

SandRidge Energy Inc. is an oil and natural gas company headquartered in Oklahoma City with principal focus on exploration and production. SandRidge Energy Inc has a market cap of $2.27 billion; its shares were traded at around $12.06 with a P/E ratio of 17 and P/S ratio of 2. 

SandRidge Energy Inc. recently reported financial results for the second quarter of 2009. Net loss applicable to common stockholders of $91.2 million, or $0.52 per share fully diluted, compared to net loss applicable to common stockholders of $27.0 million, or $0.17 per share fully diluted, in second quarter 2008

SandRidge Energy Inc. is owned by four Gurus: George Soros of Soros Fund Management LLC, Prem Watsa Fairfax Financial Holdings, Inc., Steve Mandel of Lone Pine Capital, and Arnold Schneider of the $1.44 billion portfolio of Schneider Capital Management.

Sell: Chairman, CEO and President, 10% Owner  Tom L. Ward sold 3,000,000 shares in April; the price has increased over 60% since then Buy: Director  Everett R Dobson and Buy: Director [url=http://www.gurufocus.com/InsiderBuy.php?insider=Jordan+Daniel ]Daniel Jorda n[/url ] both bought shares two weeks ago.Buy: SVP - Human Resources  Mary L Whitson bought 100 shares in July. Sell: EVP - Exploration  Todd N Tipton sold 6,750 last week, and Sell: Director  D Dwight Scott sold 1,273 in July.

First Niagara Financial Group Inc. (FNFG): Director Thomas E Baker Bought 1,279 Shares

Director of First Niagara Financial Group Inc., Thomas E Baker, bought 1,279 shares on 9/24/2009 at an average price of $12.91.

First Niagara Financial Group Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank, and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $1.95 billion; its shares were traded at around $12.91 with a P/E ratio of 19.9 and P/S ratio of 3.5. The dividend yield of First Niagara Financial Group Inc. stocks is 4.3%. First Niagara Financial Group Inc. had an annual average earning growth of 19% over the past 10 years. GuruFocus rated First Niagara Financial Group Inc. the business predictability rank of 3.5-star.

On July 17m First Niagara Financial Group, Inc. announced second quarter 2009 operating net income of $25.5 million or $0.18 per diluted share. Reported (GAAP) net income was $20.8 million or $0.08 per diluted share.

First Niagara Financial Group Inc. is owned by two Gurus: John Keeley of Keeley Fund Management and Irving Kahn of Kahn Brothers & Company Inc.

Last week, Buy: Director  Thomas E Baker , Buy: Director  Daniel W Judge and Buy: Director  George M Philip bought shares of FNFG stock. Buy: Director  Thomas E Baker and Buy: Director  Daniel W Judge both bought shares in July.

Smithfield Foods Inc. (SFD): Executive Vice President Richard J M Poulson Bought 15,000 Shares

Executive Vice President of Smithfield Foods Inc., Richard J M Poulson, bought 15,000 shares on 10/02/2009 at an average price of $12.64.

Smithfield Foods Inc. is one of the world's largest pork processors. Smithfield Foods conducts its business through two groups: the Meat Processing Group and the Hog Production Group. Smithfield Foods Inc. has a market cap of $1.82 billion; its shares were traded at around $12.64 with and P/S ratio of 0.2. Smithfield Foods Inc. had an annual average earning growth of 1.9% over the past 10 years.

On September 8, Smithfield Foods Inc. reported results for the first financial quarter of 2010. The company reported sales of $2.7 billion versus $3.1 billion in the same period last year and attributed the decline principally to lower volumes, currency fluctuations in its international operations and lower fresh pork selling prices.

Smithfield Foods Inc. is in the portfolios of two Gurus: Steve Mandel of Lone Pine Capital and David Einhorn of Greenlight Capital Inc.

Last week, Buy: Executive Vice President [url= http://www.gurufocus.com/InsiderBuy.php?insider=POULSON+RICHARD+J+M] Richard J M Poulson [/url] bought 15,000 shares of SFD stock and the price of the stock increased by 0.48%. Sell: President and C.E.O.  C Larry Pope sold 100,000 shares in September; Sell: Director  Carol T Crawford and Sell: Executive Vice President  Joseph W IV Luter sold shares in July.

Select Medical Corp. (SEM): Executive Vice President David W Cross Bought 20,000 Shares

Executive Vice President of Select Medical Corp., David W Cross, bought 20,000 shares on 9/30/2009 at an average price of $9.99.

Select Medical Corp. has a market cap of $982.3 million; its shares were traded at around $9.99 . 

For the first quarter ended March 31, 2009, net operating revenues increased 2.4% to $561.2 million compared to $548.3 million for the same quarter, prior year. Income from operations increased 24.4% to $67.6 million compared to $54.3 million for the same quarter, prior year.

Buy: Executive Chairman  Rocco A Ortenzio and Buy: Executive Vice President  David W Cross both bought shares of SEM last week; the price of the stock has decreased by 0.1% since.


Rating: 3.5/5 (4 votes)

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