Weekly CEO Buys Highlight: Prospect Capital Corp, The Brink's Company, Winmark Corp, iMergent Inc, EMCORE Corp.

Weekly CEO Buys Highlight: PSEC, BCO, WINA, IIG, EMKR

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Feb 20, 2010
Last week’s top five stocks that were bought by their CEOs were Prospect Capital Corp, The Brink's Company, Winmark Corp, iMergent Inc, and EMCORE Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Prospect Capital Corp. (PSEC, Financial): 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 $11.31.

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 $707.3 million; its shares were traded at around $11.31 with a P/E ratio of 13 and P/S ratio of 7. The dividend yield of Prospect Capital Corp. stocks is 14.4%.

PSEC recently reported its second quarter results. For the quarter ended September 30, 2009, the company’s net investment income was $12.3 million, or 25 cents per weighted average number of shares for the quarter. They estimate that their net investment income for the current second fiscal quarter ended December 31, 2009 will be 22 to 30 cents per share.

Many insiders have increased their positions in the company.

The Brink's Company (BCO, Financial): Chairman, President and CEO Michael T Dan Bought 10,000 Shares

Chairman, President and CEO of The Brink's Company (BCO) Michael T Dan bought 10,000 shares on 02/11/2010 at an average price of $26.32.

The Brink's Company is in business and security services. The Brink's Company has a market cap of $1.26 billion; its shares were traded at around $26.32 with a P/E ratio of 16 and P/S ratio of 0.4. The dividend yield of The Brink's Company stocks is 1.6%. The Brink's Company had an annual average earning growth of 5% over the past 10 years.

John Rogers bought 2,367,620 shares in the quarter that ended on 12/31/2009, which is 1.17% of the $4.91 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. David Dreman owns 1,180,094 shares as of 12/31/2009, an increase of 13.84% from the previous quarter. This position accounts for 0.71% of the $4.06 billion portfolio of Dreman Value Management.

Buy:: Chairman, President and CEO Michael T Dan bought 10,000 shares of BCO stock on 02/11/2010 at the average price of 24.35, the price of the stock has increased by 8.09% since.

Winmark Corp. (WINA, Financial): Chairman & CEO, 10% Owner John L Morgan Bought 9,042 Shares

Chairman & CEO, 10% Owner of Winmark Corp. (WINA) John L Morgan bought 9,042 shares during the past week at an average price of $20.35.

Winmark Corporation is a franchise company that franchises seven retail concepts which buy, sell, trade and consign merchandise. Winmark Corp. has a market cap of $106.5 million; its shares were traded at around $20.35 with a P/E ratio of 21.4 and P/S ratio of 3.

Winmark recently announced net income for the quarter ended September 26, 2009 of $1,779,500, or $.33 per share diluted, compared to net income of $1,350,800, or $.24 per share diluted, in 2008. For the nine months ended September 26, 2009, net income was $4,388,500, or $.82 per share diluted, compared to net income of $3,218,600, or $.58 per share diluted, for the same period last year.

Many insiders have increased their positions in the company.

iMergent Inc (IIG, Financial): CEO, 10% Owner Steven G Mihaylo Bought 10,000 Shares

CEO, 10% Owner of iMergent Inc (IIG) Steven G Mihaylo bought 10,000 shares on 02/16/2010 at an average price of $6.95.

Imergent, Inc. is an eCommerce application service provider that enables companies of any size to extend their business to eCommerce. Imergent Inc has a market cap of $79.5 million; its shares were traded at around $6.95 with a P/E ratio of 14.2 and P/S ratio of 0.8. The dividend yield of Imergent Inc stocks is 1.1%.

Net income for the fourth calendar quarter of 2009 was $613,000 or $0.06 per diluted common share, compared to a net loss of $10,130,000, or $0.89 per common share in the comparable quarter last year. Income before income tax provision for the fourth calendar quarter of 2009 was $868,000 compared to a loss of $5,680,000 in the comparable quarter last year.

EMCORE Corp. (EMKR, Financial): CEO & President Hong Q Hou Bought 49,121 Shares

CEO & President of EMCORE Corp. (EMKR) Hong Q Hou bought 49,121 shares on 02/12/2010 at an average price of $1.24.

EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. Emcore Corp. has a market cap of $100.2 million; its shares were traded at around $1.24 with and P/S ratio of 0.6. Emcore Corp. had an annual average earning growth of 17.7% over the past 10 years.

Emcore recently reported its fourth quarter fiscal results. Revenue for the fourth quarter of fiscal 2009 was $40.5 million, an increase of $2.0 million, or 5%, from $38.5 million reported in the immediately preceding quarter.

Buy:: CEO & President Hong Q Hou bought 49,121 shares of EMKR stock on 02/12/2010 at the average price of 1.1, the price of the stock has increased by 12.73% since.