GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly CEO Buys Highlight: SAIC Inc, Griffon Corp, DPL Inc, Cowen Group Inc, Heelys Inc.

December 26, 2009 | About:
Mariusz Skonieczny

Last week’s top five stocks that were bought by their CEOs were SAIC Inc, Griffon Corp, DPL Inc, Cowen Group Inc, and Heelys Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

SAIC Inc. (SAI): CEO Walter P Havenstein Bought 28,000 Shares

CEO of SAIC Inc. (SAI) Walter P Havenstein bought 28,000 shares on 12/17/2009 at an average price of $19.03. SAIC INC is a scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company has a market cap of $3.99 billion; its shares were traded at around $19.03 with a P/E ratio of 15.4 and P/S ratio of 0.4.

SAIC recently reported its second quarter fiscal year 2010 results. The company announced that its revenues were up 8% compared to results from a year ago, to $2.75 million. Operating income was up1 7%, and diluted EPS was up 19 percent, to 31 cents per share.

Ron Baron owns 2,728,224 shares as of 09/30/2009, which accounts for 0.35% of the $13.75 billion portfolio of Baron Funds.

Buy:: Director Thomas F Frist Iii bought 450,000 shares of SAI stock on 10/02/2009 at the average price of 17.39, the price of the stock has increased by 9.43% since. However, other insiders have decreased their positions in the company.

Griffon Corp. (GFF): CEO & Pres. Ronald J Kramer Bought 22,200 Shares

CEO & Pres. of Griffon Corp. (GFF) Ronald J Kramer bought 22,200 shares on 12/18/2009 at an average price of $12.35. Griffon is a diversified manuf acturing company with operations in fourbusiness segments: Garage Doors; Installation Services; Specialty Plastic Films; and Electronic Information and Communication Systems. The company has a market cap of $735.8 million; its shares were traded at around $12.35 with a P/E ratio of 41.1 and P/S ratio of 0.6. Griffon Corp. had an annual average earning growth of 5.3% over the past 10 years.

Griffon Corp recently reported its fourth quarter 2009 results. Revenue for the 2009 quarter was $328.2 million, compared to $353.7 million in 2008. Income from continuing operations for the current quarter was $12.3 million, or $0.21 per diluted share, compared to a loss of $6.7 million, or $0.20 per diluted share, last year.

John Keeley owns 29,000 shares as of 09/30/2009, which accounts for less than 0.01% of the $6.65 billion portfolio of Keeley Fund Management. Richard Pzena owns 2,056,818 shares as of 09/30/2009, which accounts for 0.2% of the $10.45 billion portfolio of Pzena Investment Management LLC. NWQ Managers owns 4,818,316 shares as of 09/30/2009, which accounts for 0.28% of the $17.23 billion portfolio of NWQ Investment Management Co.

DPL Inc. (DPL): President & CEO Paul M Barbas Bought 6,000 Shares

President & CEO of DPL Inc. (DPL) Paul M Barbas bought 6,000 shares on 12/17/2009 at an average price of $27.7. DPL Inc. is a holding company. Its principal subsidiary is The Dayton Power and Light Company. The company has a market cap of $3.32 billion; its shares were traded at around $27.7 with a P/E ratio of 12.6 and P/S ratio of 2.1. The dividend yield of Dpl Inc. stocks is 4.1%. Dpl Inc. had an annual average earning growth of 2.2% over the past 10 years.

DPL Inc. reported first quarter 2009 earnings of $0.61 per share, compared to $0.66 per share for the same period in 2008. Earnings per share information reported in this press release are based on diluted shares outstanding unless otherwise noted. Total diluted shares outstanding were 112.7 million for the first quarter of 2009 and 116.4 million for the same period in 2008.

George Soros bought 12,900 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. John Hussman owns 300,000 shares as of 09/30/2009, which accounts for 0.15% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc..

Buy:: SVP, CFO & Treasurer Frederick J Boyle bought 10,500 shares of DPL stock on 12/16/2009 at the average price of 28.48, the price of the stock has decreased by 2.74% since. Other insiders have also increased their positions in the company.

Cowen Group Inc. (COWN): CEO of Cowen and Company, LLC David M. Malcolm Bought 25,000 Shares

CEO of Cowen and Company, LLC of Cowen Group Inc. (COWN) David M. Malcolm bought 25,000 shares on 12/18/2009 at an average price of $5.8. COWEN GROUP, INC., through its operating subsidiaries, provides investment banking, equity research, sales and trading, asset management and alternative asset management services to companies and institutional investor clients in the healthcare, technology, telecommunications, aerospace and defense, consumer and alternative energy sectors. It has a market cap of $87.2 million; its shares were traded at around $5.8 with and P/S ratio of 0.4.

For the quarter ended June 30, 2009, the Company reported a net loss attributable to Cowen Group, Inc. of $4.4 million, or $0.38 per share, compared to a net loss attributable to Cowen Group, Inc. of $0.7 million in the prior year period, or $0.06 per share.

Buy:: CFO Stephen Lasota bought 20,000 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since. Other insiders have also increased their positions in the company.

Heelys Inc. (HLYS): CEO Thomas C Hansen Bought 12,500 Shares

CEO of Heelys Inc. (HLYS) Thomas C Hansen bought 12,500 shares on 12/18/2009 at an average price of $2.18. HEELYS, INC. designs, markets and distributes innovative, action sports-inspired products under the HEELYS brand targeted to the youth market. The company has a market cap of $60 million; its shares were traded at around $2.18 with and P/S ratio of 0.8.

Heelys Inc. recently reported its third quarter financial results. The company announced that its net sales for the third quarter of 2009 were $10.8 million compared to net sales of $23.8 million in the corresponding period a year ago. Gross profit was $3.2 million, or 29.6%, compared to gross profit of $7.9 million, or 33.3%, in the third quarter of 2008.

Buy:: Director N. Roderick Mcgeachy Iii bought 1,000 shares of HLYS stock on 11/19/2009 at the average price of 2.07, the price of the stock has increased by 5.31% since.

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


Rating: 2.8/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK