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Weekly Top Insider Buys: KB Home, National Penn Bancshares Inc., Moduslink Global Solutions Inc., Enzo Biochem Inc., and Sterward Information Services Corp.

October 20, 2009 | About:
Nicholas Jones

gururk

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Weekly highlight of top insider buys: KB Home (KBH), National Penn Bancshares Inc. (NPBC), Moduslink Global Solutions Inc. (MLNK), Enzo Biochem Inc. (ENZ), and Stewart Information Services Corp. (STC)

KB Home (KBH): EVP and CFO Raymond Silcock Bought 30,000 Shares

EVP and CFO of KB Home, Raymond Silcock, bought 30,000 shares on 10/14/09 at an average price of $16.46.

KB Home is a builder of single-family homes with domestic operations in several western states and international operations in France. Domestically, the company builds innovatively designed homes which cater primarily to first-time homebuyers generally in medium-sized developments close to major metropolitan areas. Internationally, the company also builds commercial projects and high density residential properties such as condominium complexes. Kb Home has a market cap of $1.34 billion; its shares were traded at around $16.46 with and P/S ratio of 0.44. The dividend yield of Kb Home stocks is 1.65%.

On September 25, KB Home announced financial results for the third quarter of 2009. Revenues totaled $458.5 million, down 33% from $681.6 million in the third quarter of 2008, due to lower housing revenues. The company generated a net loss of $66.0 million, or $.87 per diluted share, in the third quarter of 2009.

KB Home is in the portfolio of one Guru: Charles Brandes of Brandes Investment.

Last week, Buy:: EVP and CFO Raymond Silcock bought 30,000 shares of KBH stock at the average price of 15.69, the price of the stock has increased by 4.91% since

National Penn Bancshares Inc. (NPBC): Director Christian F IV Martin Bought 1,637 Shares

Director of National Penn Bancshares Inc., Christian F IV Martin, bought 1,637 shares on 10/16/09 at an average price of $6.12.

National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares Inc. has a market cap of $713.42 million; its shares were traded at around $6.12 with and P/S ratio of 1.46. The dividend yield of National Penn Bancshares Inc. stocks is 3.43%. National Penn Bancshares Inc. had an annual average earning growth of 5.4% over the past 10 years. GuruFocus rated National Penn Bancshares Inc. the business predictability rank of 2.5-star.

On July 23, National Penn Bancshares, Inc. reported a net loss of $7.90 million for the first half of 2009. This loss, after payment of dividends on preferred stock issued to the U.S. Treasury under its Capital Purchase Program, represents a loss of $0.09 per diluted common share. For the second quarter 2009, National Penn's net loss attributable to common shareholders, after dividends on the preferred stock issued to the U.S. Treasury, amounted to $9.64 million, or a loss of $0.11 per diluted common share.

National Penn Bancshares Inc. is owned by one Guru: David Dreman of Dreman Value Management.

In July, Buy:: President and CEO Glenn E Moyer bought 2,650 shares of NPBC stock; the price of the stock has increased by 31.61% since. Multiple directors bought shares in the three months following.

Moduslink Global Solutions Inc. (MLNK): Director Edward Lucente Bought 2,000 Shares

Director of Moduslink Global Solutions Inc., Edward Lucente, bought 2,000 shares on 10/14/09 at an average price of $7.83.

Moduslink Global Solutions Inc. is a leader in global supply chain business process management. The company provides organizations in the high technology, communications, and medical industries with a broad and integrated portfolio of business process outsourcing and technology solutions delivered across four core competencies: Supply Chain, e-Business, Aftermarket, and Entitlement Management. Moduslink Global Solutions, Inc has a market cap of $330.83 million; its shares were traded at around $7.83 with and P/S ratio of 0.33.

On September 29, Moduslink Global Solutions Inc. reported financial results for its fourth fiscal quarter of 2009. Net revenue was $225.2 million, a decrease of 18.5% from the fourth quarter of fiscal 2008. Net loss was $4.1 million, or ($0.09) per share, compared to net loss of $24.7 million, or ($0.53) per share, in the fourth quarter of fiscal 2009.

Moduslink Global Solutions Inc. is in the portfolios of one Guru: Arnold Schneider of Schneider Capital Management.

Last week, both Buy:: Director on 10/15/2009 Michael J Mardy and Buy:: Director on 10/14/2009 Edward Lucente bought shares of MLNK stock. Sell:: EVP and General Counsel on 07/01/2009 Peter L Gray sold 4,000 shares in July.

Enzo Biochem Inc. (ENZ): President, Enzo Clinical Labs Kevin Krenitsky Bought 6,600 Shares

President, Enzo Clinical Labs of Enzo Biochem Inc., Kevin Krenitsky, bought 6,600 shares on 10/15/09 at an average price of $7.34.

Enzo Biochem Inc. develops manufactures and markets health care products based on molecular biology and genetic engineering techniques, and also provides diagnostic services to the medical community. Enzo Biochem Inc. has a market cap of $260.44 million; its shares were traded at around $7.34 with and P/S ratio of 3.35.

On October 14, Enzo Biochem Inc. reported a 16% increase in total operating revenue, to $24.5 million, and a 19% increase in gross profit, to $10.6 million, for the fourth fiscal quarter ended July 31, over the comparable quarter last year.

Last week, Buy:: President, Enzo Clinical Labs Kevin Krenitsky bought 6,600 shares of ENZ stock at the average price of 7.7, the price of the stock has decreased by 4.68% since.

Stewart Information Services Corp. (STC): Exec. VP & Chief Legal Officer Edgar Ashley Smith Bought 1,600 Shares

Exec. VP & Chief Legal Officer of Stewart Information Services Corp., Edgar Ashley Smith, bought 1,600 shares on 10/12/09 at an average price of $10.3.

Stewart Information Services Corporation's primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states the District of Columbia and several foreign countries. Stewart also sells computer-related services and information as well as mapping products and geographic information systems to domestic and foreign governments and private entities. Stewart Information Services Corp. has a market cap of $220.49 million; its shares were traded at around $10.3 with and P/S ratio of 0.14. The dividend yield of Stewart Information Services Corp. stocks is 0.83%.

Stewart Information Services Corp. recently announced results for the second fiscal quarter of 2009. Total revenues for the second quarter of 2009 increased slightly from the comparable period in 2008, while declining 9.5 percent for the first half of 2009 compared with the first half of 2008.

Stewart Information Services Corp. is in the portfolio of one Guru: Charles Brandes of Brandes Investment.

Buy:: Exec. VP & Chief Legal Officer Edgar Ashley Smith has been buying shares since August.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.


Rating: 3.5/5 (2 votes)

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