Last week’s top five stocks that were bought by their CEOs were Helix Energy Solutions Group Inc, Neuralstem Inc, Saul Centers Inc, Casual Male Retail Group Inc, and LMI Aerospace Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Helix Energy Solutions Group Inc. (HLX): PRESIDENT & CEO Owen E Kratz Bought 100,000 Shares
PRESIDENT & CEO of Helix Energy Solutions Group Inc. (HLX) Owen E Kratz bought 100,000 shares on 12/30/2009 at an average price of $13.28. Helix Energy Solutions Group Inc., is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company has a market cap of $1.39 billion; its shares were traded at around $13.28 with a P/E ratio of 23.7 and P/S ratio of 0.6. Helix Energy Solutions Group Inc. had an annual average earning growth of 28.6% over the past 10 years.
Helix recently reported its third quarter results. The company reported net income of $3.9 million or $0.04 per diluted share, for the third quarter of 2009 compared with net income of $59.3 million, or $0.63 per diluted share, for the same period in 2008, and net income of $100.2 million, or $0.94 per diluted share, in the second quarter of 2009. Net income for the nine months ended September 30, 2009 was $157.6 million, or $1.48 per diluted share, compared with $222.0 million, or $2.34 per diluted share, for the nine months ended September 30, 2008.
George Soros bought 21,000 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. Kenneth Fisher owns 711,850 shares as of 09/30/2009, which accounts for 0.04% of the $29.78 billion portfolio of Fisher Asset Management, LLC. David Einhorn sold out his holdings in the quarter that ended on 09/30/2009.
Neuralstem Inc. (CUR): CEO Richard Garr Bought 189,111 Shares
CEO of Neuralstem Inc. (CUR) Richard Garr bought 189,111 shares on 12/30/2009 at an average price of $1.95. NEURALSTEM's patent-protected technology enables, for the first time, the ability to produce neural stem cells of the human brain and spinal cord in commercial quantities, and the ability to control the differentiation of these cells into mature, physiologically relevant human neurons and glia. The Company has a market cap of $67.9 million; its shares were traded at around $1.95 with and P/S ratio of 222.
Neutralstem recently reported its second quarter 2009 results. The Company reported a net loss of $3,189,447, or $0.09 per share, compared with a net loss of $2,957,672, or $0.09 per share, for the comparable 2008 period. The net loss increase was due to a non-cash charge related to a change in accounting for certain warrants, offset in part by reductions in other expense categories. Net loss attributable to common stockholders for the first six months of 2009 was $2,283,769, or $0.07 per share, compared with a net loss of $5,232,124, or $0.16 per share, for the comparable period in 2008.
Buy:: CFO John Conron bought 36,364 shares of CUR stock on 12/30/2009 at the average price of 1.65, the price of the stock has increased by 18.18% since.
Saul Centers Inc. (BFS): CEO, 10% Owner B Francis Saul Ii Bought 8,000 Shares
CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 8,000 shares on 01/07/2010 at an average price of $34.49. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $621.3 million; its shares were traded at around $34.49 with a P/E ratio of 12.8 and P/S ratio of 3.8. The dividend yield of Saul Centers Inc. stocks is 4.2%. Saul Centers Inc. had an annual average earning growth of 7.1% over the past 5 years. GuruFocus rated Saul Centers Inc. the business predictability rank of 2.5-star.
Saul Centers recently announced its operating results for the quarter ended September 30, 2009. Total revenue for the three months ended September 30, 2009 decreased 1.6% to $40,273,000 compared to $40,947,000 for the three months ended September 30, 2008. Operating income, which is net income available to common stockholders before gain on property dispositions, loss on early extinguishment of debt, income attributable to the noncontrolling interest and preferred stock dividends, increased 0.8% to $11,349,000 for the 2009 Quarter compared to $11,264,000 for the 2008 Quarter.
Casual Male Retail Group Inc. (CMRG): President, CEO David A Levin Bought 60,000 Shares
President, CEO of Casual Male Retail Group Inc. (CMRG) David A Levin bought 60,000 shares on 01/07/2010 at an average price of $2.8. Casual Male Retail Group, Inc. operates Casual Male Big & Tall stores, Levi's Outlet by Designs and Dockers Outlet by Designs stores, Candies Outlet stores and Ecko Unltd. outlet stores located throughout the United States and Puerto Rico. Casual Male Retail Group Inc. has a market cap of $118 million; its shares were traded at around $2.8 with and P/S ratio of 0.2. Casual Male Retail Group Inc. had an annual average earning growth of 7.1% over the past 5 years.
Ken Heebner bought 160,000 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $6.72 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. George Soros bought 18,700 shares in the quarter that ended on 09/30/2009, which is less than 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC.
Buy:: Director, 10% Owner Seymour Holtzman bought 20,800 shares of CMRG stock on 01/07/2010 at the average price of 2.25, the price of the stock has increased by 24.44% since. Other insiders have also increased their positions in the company.
LMI Aerospace Inc. (LMIA): CEO, 10% Owner Ronald S Saks Bought 7,200 Shares
CEO, 10% Owner of LMI Aerospace Inc. (LMIA) Ronald S Saks bought 7,200 shares on 12/31/2009 at an average price of $13. LMI Aerospace, Inc. is a leading fabricator, finisher and integrator of formed, close tolerance aluminum and specialty alloy components for use by the aerospace industry. Lmi Aerospace Inc. has a market cap of $151.3 million; its shares were traded at around $13 with a P/E ratio of 11.7 and P/S ratio of 0.7.
LMI Aerospace recently reported its third quarter results. The company announced that its net sales in the quarter ended September 30, 2009, were $58.7 million compared to $61.9 million in the quarter ended September 30, 2008. Net income for the third quarter of 2009 was $2.8 million or $0.25 per diluted share versus $5.2 million, or $0.46, per diluted share in the third quarter of 2008. "Late in the third quarter, our Aerostructures segment experienced an increase in demand for business jet and Blackhawk helicopter assemblies and components," said Ronald S. Saks, Chief Executive Officer of LMI Aerospace, Inc. "On the other hand, our Engineering Services segment experienced reduced demand for maturing development projects, including the Boeing 747-8 and the Gulfstream G650 models. We expect the positive demand trends in aerospace manufacturing to continue and expect higher demand for engineering services projects in the second half of 2010 as our design-build marketing efforts produce additional awards. Our Engineering Services segment responded to industry conditions in the quarter by reducing employee headcount and selectively adjusting salary levels in order to remain competitive. Our Aerostructures segment achieved our inventory reduction goal for the full-year 2009 by September 30, 2009, and is now rebuilding inventory in order to meet expected increased demand in 2010."
Sell:: CFO Lawrence E Dickinson sold 2,200 shares of LMIA stock on 12/21/2009 at the average price of 13.25, the price of the stock has decreased by 1.89% since.
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.