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Weekly CEO Buys Highlight: Prospect Capital Corp, FMC Corp, Endeavour International Corp, Inergy L.P, EV Energy Partners L.P

February 14, 2010 | About:
guruyt

guruyt

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Last week’s top stocks that were bought by their CEOs were Prospect Capital Corp, FMC Corp, Endeavour International Corp, Inergy L.P, and EV Energy Partners L.P According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Prospect Capital Corp. (PSEC): CEO John F Barry Bought 100,000 Shares

CEO of Prospect Capital Corp. (PSEC) John F Barry bought 100,000 shares on 02/11/2010 at an average price of $10.89. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital Corp. has a market cap of $680.9 million; its shares were traded at around $10.89 with a P/E ratio of 10.8 and P/S ratio of 6.7. The dividend yield of Prospect Capital Corp. stocks is 15%.

Buy:: COO M Grier Eliasek bought 9,500 shares of PSEC stock on 11/18/2009 at the average price of 10.7, the price of the stock has increased by 1.78% since. Many other insiders have also increased their positions in the company.

FMC Corp. (FMC): CEO, President Pierre R Brondeau Bought 18,500 Shares

CEO, President of FMC Corp. (FMC) Pierre R Brondeau bought 18,500 shares on 02/08/2010 at an average price of $55.68. FMC Corporation is a producer of machinery and chemicals for industry and agriculture. Fmc Corp. has a market cap of $4.03 billion; its shares were traded at around $55.68 with a P/E ratio of 13.4 and P/S ratio of 1.4. The dividend yield of Fmc Corp. stocks is 0.9%. Fmc Corp. had an annual average earning growth of 16.9% over the past 5 years.

FMC recently reported its fourth quarter results. The company announced that its net income was $62.1 million, or $0.85 per diluted share, in the fourth quarter of 2009, versus net income of $46.3 million, or $0.63 per diluted share, in the fourth quarter of 2008. Net income in the current quarter included restructuring and other income and charges of $6.8 million after-tax, or charges of $0.09 per diluted share, versus restructuring and other income and charges of $29.1 million after-tax, or charges of $0.39 per diluted share, in the prior-year quarter.

John Keeley owns 104,720 shares as of 09/30/2009, a decrease of 43.81% of from the previous quarter. This position accounts for 0.09% of the $6.65 billion portfolio of Keeley Fund Management.

Sell:: Senior VP and CFO W Kim Foster sold 40,025 shares of FMC stock on 11/06/2009 at the average price of 52.08, the price of the stock has increased by 6.91% since. Other insiders have also decreased their positions in the company.

Endeavour International Corp. (END): Chairman, CEO and President William L Transier Bought 450,000 Shares

Chairman, CEO and President of Endeavour International Corp. (END) William L Transier bought 450,000 shares on 02/04/2010 at an average price of $1.14. Endeavour International Corp. is an international oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea. Endeavour International Corp. has a market cap of $149.6 million; its shares were traded at around $1.14 with a P/E ratio of 7.2 and P/S ratio of 0.5.

Endeavour International Corp recently reported its third quarter results. The company reported discretionary cash flow for the third quarter of 2009 of $7.6 million and net income (loss), as adjusted, of $(6.4) million. For the nine months ended September 30, 2009, discretionary cash flow was $50.0 million and net income (loss), as adjusted, was $27.5 million.

Buy:: Executive VP and CFO J Michael Kirksey bought 50,000 shares of END stock on 02/09/2010 at the average price of 1.02, the price of the stock has increased by 11.76% since. Other insiders have also increased their positions in the company.

Inergy L.P. (NRGY): President/CEO John J Sherman Bought 10,000 Shares

President/CEO of Inergy L.P. (NRGY) John J Sherman bought 10,000 shares on 02/04/2010 at an average price of $35.03. Inergy, L.P. owns and operates a rapidly growing retail and wholesale propane marketing and distribution business. Inergy L.p. has a market cap of $2.1 billion; its shares were traded at around $35.03 with a P/E ratio of 43.3 and P/S ratio of 1.3. The dividend yield of Inergy L.p. stocks is 7.9%. Inergy L.p. had an annual average earning growth of 7.5% over the past 5 years.

Inergy recently reported solid first quarter 2010 results. The company reported Adjusted EBITDA of $106.3 million for the quarter ended December 31, 2009, an increase of $4.3 million, or approximately 4% from $102.0 million for the quarter ended December 31, 2008. Net income attributable to controlling partners, excluding certain items as discussed below, was $46.0 million for the quarter ended December 31, 2009, or $0.49 per diluted limited partner unit, and $58.3 million or $0.92 per diluted limited partner unit in the same quarter of last year.

Jean-Marie Eveillard bought 10,000 shares in the quarter that ended on 09/30/2009, which is less than 0.01% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.

EV Energy Partners L.P. (EVEP): CEO John B Walker Bought 10,000 Shares

CEO of EV Energy Partners L.P. (EVEP) John B Walker bought 10,000 shares on 02/09/2010 at an average price of $29.51. EV Energy Partners is an upstream Master Limited Partnership focused on acquiring and operating oil and gas properties within the continental United States. Ev Energy Partners L.p. has a market cap of $601.2 million; its shares were traded at around $29.51 with a P/E ratio of 184.4 and P/S ratio of 2.8. The dividend yield of Ev Energy Partners L.p. stocks is 10.2%.

EVEP recently reported its third quarter results. Adjusted EBITDA for the quarter was $33.6 million, a 22% increase over the third quarter of 2008 and a 2% increase versus the second quarter of 2009. Distributable Cash Flow for the quarter was $19.5 million, a 39% increase over the third quarter of 2008 and an 8% increase versus the second quarter of 2009.

Sell:: Director Gary R Petersen sold 461,741 shares of EVEP stock on 12/03/2009.

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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