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Weekly CEO Buys Highlight: Supervalu Inc, First Midwest Bancorp Inc, Keithley Instruments Inc.

January 24, 2010 | About:
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guruyt

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Last week’s top stocks that were bought by their CEOs were Supervalu Inc, First Midwest Bancorp Inc, and Keithley Instruments Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Supervalu Inc. (SVU): CEO & President Craig R Herkert Bought 25,000 Shares

CEO & President of Supervalu Inc. (SVU) Craig R Herkert bought 25,000 shares on 01/15/2010 at an average price of $15.42. SUPERVALU is one of the nation's largest supermarket retailer and largest food distributor. The company has a market cap of $3.27 billion; its shares were traded at around $15.42 with a P/E ratio of 6.8 and P/S ratio of 0.1. The dividend yield of Supervalu Inc. stocks is 4.5%. Supervalu Inc. had an annual average earning growth of 5.8% over the past 10 years.

Supervalu recently reported its fiscal third quarter results. In the third quarter of fiscal 2009, net sales were $10.2 billion and the company reported a loss of $2.9 billion, or $13.95 per diluted share, which included non-cash goodwill and intangible asset impairment charges of $3.3 billion pre-tax or $3.1 billion after-tax, or $14.57 per diluted share. When adjusted for the non-cash impairment charges, third quarter fiscal 2009 net earnings were $132 million or $0.62 per diluted share.

HOTCHKIS & WILEY bought 1,219,200 shares in the quarter that ended on 09/30/2009, which is 0.13% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. David Dreman owns 158,765 shares as of 09/30/2009, which accounts for 0.06% of the $3.85 billion portfolio of Dreman Value Management.

First Midwest Bancorp Inc. (FMBI): President & CEO Michael L Scudder Bought 1,818 Shares

President & CEO of First Midwest Bancorp Inc. (FMBI) Michael L Scudder bought 1,818 shares on 01/20/2010 at an average price of $12.6. FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. First Midwest Bancorp Inc. has a market cap of $690.5 million; its shares were traded at around $12.6 with and P/S ratio of 1.5. The dividend yield of First Midwest Bancorp Inc. stocks is 0.3%. First Midwest Bancorp Inc. had an annual average earning growth of 4.1% over the past 5 years.

FMBI recently reported its fourth quarter and full year 2009 results. Net loss for the quarter was $37.5 million, before adjustment for preferred dividends and non-vested restricted shares, with a loss of $39.5 million, or $0.73 loss per share, available to common shareholders after such adjustments. This compares to net income of $3.4 million and $773,000, or $0.02 per share, respectively, for third quarter 2009, and a net loss of $26.9 million and $27.6 million, or $0.57 loss per share, respectively for fourth quarter 2008.

Kenneth Fisher owns 1,317,845 shares as of 09/30/2009, which accounts for 0.05% of the $29.78 billion portfolio of Fisher Asset Management, LLC.

Buy:: EVP, CFO Paul F Clemens bought 455 shares of FMBI stock on 01/20/2010 at the average price of 11, the price of the stock has increased by 14.55% since. Many other insiders have also increased their positions in the company.

Keithley Instruments Inc. (KEI): Director, Chairman, CEO, 10% Owner Joseph P Keithley Bought 1,200 Shares

Director, Chairman, CEO, 10% Owner of Keithley Instruments Inc. (KEI) Joseph P Keithley bought 1,200 shares on 01/22/2010 at an average price of $5.61. Keithley Instruments Inc. develop, manufacture and sell measurement systems geared to the specialized needs of electronics manufacturers forhigh-performance production testing, process monitoring, product development and research. The company has a market cap of $88.3 million; its shares were traded at around $5.61 with and P/S ratio of 0.9. The dividend yield of Keithley Instruments Inc. stocks is 0.9%.

Keithley recently reported its fiscal 2009 results. Net sales were $24.1 million for the fourth quarter of fiscal 2009, a decrease of $9.1 million, or 27 percent from net sales of $33.1 million in last year’s fourth quarter. The decline was driven primarily by continued weak global economic conditions. Sales outside of the Americas represented approximately 70 percent of total sales for the fourth quarter of fiscal 2009. The effect of a stronger U.S. dollar negatively impacted sales growth by less than one percentage point, during the fourth quarter of fiscal 2009. Sequentially, net sales increased three percent from the third quarter of fiscal 2009.

NWQ Managers owns 1,416,918 shares as of 09/30/2009, which accounts for 0.05% of the $17.23 billion portfolio of NWQ Investment Management Co.

Buy:: Director James B Griswold bought 10,000 shares of KEI stock on 12/08/2009 at the average price of 4.33, the price of the stock has increased by 29.56% since. Sell:: Director Brian R Bachman sold 1,000 shares of KEI stock on 08/03/2009 at the average price of 5.85, the price of the stock has decreased by 4.1% 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.

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