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Weekly CEO Buy Highlights: Sunstone Hotel Investors Inc, Spectrum Pharmaceuticals Inc, Pacific Continental Corp, CalAmp Corp, Ladenburg Thalmann Financial Services

October 18, 2009 | About:
guruyt

guruyt

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Last week’s top five stocks that were bought by their CEOs were Sunstone Hotel Investors Inc, Spectrum Pharmaceuticals Inc, Pacific Continental Corp, CalAmp Corp, Ladenburg Thalmann Financial Services. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Sunstone Hotel Investors Inc. (SHO): President & CEO Arthur L Buser Bought 15,000 Shares

President & CEO of Sunstone Hotel Investors Inc. (SHO) Arthur L Buser bought 15,000 shares on 10/16/2009 at an average price of $7.74. Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. Sunstone Hotel Investors Inc. has a market cap of $522.43 million; its shares were traded at around $7.74 with a P/E ratio of 3.82 and P/S ratio of 0.54.

Sunstone recently reported its second quarter 2009 results. The company announced that it increased its cash to $240 million, including restricted cash. The company also sold three non-core assets for $63.8 million. Its total revenue for the quarter was $186.8 million.

Sell:: CFO on 09/11/2009 Kenneth Edward Cruse sold 26,139 shares of SHO stock at the average price of 6.81, the price of the stock has increased by 13.66% since

Spectrum Pharmaceuticals Inc. (SPPI): Chairman, CEO & President Rajesh C Md Shrotriya Bought 10,000 Shares

Chairman, CEO & President of Spectrum Pharmaceuticals Inc. (SPPI) Rajesh C Md Shrotriya bought 10,000 shares on 10/16/2009 at an average price of $5.09. Spectrum Pharmaceuticals Inc. has a market cap of $306.37 million; its shares were traded at around $5.09 with and P/S ratio of 10.67.

Spectrum recently reported its second quarter results. The company announced that its revenue was $8.1 million, and that its quarterly sales of ZEVALIN compared to a quarter ago was up 25%. "During the quarter, we made significant progress toward stabilizing, and ultimately growing, ZEVALIN (R) sales, even before its approval in the first line setting," said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. "We continue to expect favorable regulatory decisions on both ZEVALIN and FUSILEV's PDUFAs in September and October, respectively."

Buy:: Director on 08/24/2009 Julius A Vida bought 1,500 shares of SPPI stock at the average price of 6.1, the price of the stock has decreased by 16.56% since.

Pacific Continental Corp. (PCBK): CEO Hal Brown Bought 5,000 Shares

CEO of Pacific Continental Corp. (PCBK) Hal Brown bought 5,000 shares on 10/14/2009 at an average price of $9.03. PACIFIC CONTINENTAL is a one-bank holding company. Their principal business activities are conducted through their full- service commercial bank subsidiary PacificContinental Bank. The Bank is engaged in general commercial banking with emphasis on lending to small and medium-sized businesses and construction lending for commercial facilities and single family residences. The Bank provides a range of financial services tailored to the needs of the community. Pacific Continental Corp. has a market cap of $122.16 million; its shares were traded at around $9.03 with a P/E ratio of 55.82 and P/S ratio of 1.74. The dividend yield of Pacific Continental Corp. stocks is 1.69%. Pacific Continental Corp. had an annual average earning growth of 16.6% over the past 5 years.

Pacific Continental recently reported its third quarter results. The company announced that its net income was $279K, compared to a net income of $3 million a year ago. "Business fundamentals improved for the quarter as indicated by growth in core earnings, a strong and stable net interest margin, and exceptional growth in core deposits all of which contributed to a return to profitability," said Hal Brown, chief executive officer. "These strong fundamentals should contribute to improved future profitability for the Company and we believe demonstrate the effectiveness of our business model and strategies," added Brown.

Buy:: President/COO on 10/14/2009 Roger S Busse bought 1,000 shares of PCBK stock at the average price of 8.75, the price of the stock has increased by 3.2% since. Other insiders have also increased their positions in the company.

CalAmp Corp. (CAMP): President & CEO Richard B Gold Bought 10,000 Shares

President & CEO of CalAmp Corp. (CAMP) Richard B Gold bought 10,000 shares on 10/14/2009 at an average price of $2.78. CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information data and entertainment content. The Company has a market cap of $67.84 million; its shares were traded at around $2.78 with and P/S ratio of 0.69.

CalAmp recently reported its second quarter results. The company announced that its revenue for the quarter was $23.9 million, within guidance of the company's results and 4% higher than results from a year ago. It also reported a net loss of 17 cents per diluted share.

Buy:: VP Finance & CFO on 05/20/2009 Richard K Vitelle bought 3,573 shares of CAMP stock at the average price of 0.91, the price of the stock has increased by 205.49% since.

Ladenburg Thalmann Financial Services (LTS): President and CEO Richard Lampen Bought 20,000 Shares

President and CEO of Ladenburg Thalmann Financial Services (LTS) Richard Lampen bought 20,000 shares on 10/09/2009 at an average price of $0.7. Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and through its subsidiary GBI Capital Partners Inc.(formerly Gaines Berland Inc. provide investment banking and research services. Ladenburg Thalmann Financial Services has a market cap of $113.95 million; its shares were traded at around $0.7 with and P/S ratio of 0.94.

Buy:: Vice President and CFO on 06/26/2009 Brett Kaufman bought 5,000 shares of LTS stock at the average price of 0.53, the price of the stock has increased by 32.08% since since. Other insiders have also increased their positions in the company.

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.

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