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Weekly CEO Buys Highlight: FelCor Lodging Trust Inc, QuinStreet Inc, Wonder Auto Technology Inc, FIFTH STREET FINANCE, Trans World Entertainment Corp.

March 13, 2010 | About:

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Last week’s top 5 stocks that were bought by their CEOs were FelCor Lodging Trust Inc, QuinStreet Inc, Wonder Auto Technology Inc, FIFTH STREET FINANCE, Trans World Entertainment Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

FelCor Lodging Trust Inc. (FCH): President and CEO Richard Allen Smith Bought 169,692 Shares

President and CEO of FelCor Lodging Trust Inc. (FCH) Richard Allen Smith bought 169,692 shares during the past week at an average price of $4.58. FelCor Lodging Trust Inc. is a real estate investment trust. Felcor Lodging Trust Inc. has a market cap of $300 million; its shares were traded at around $4.58 with a P/E ratio of 4.8 and P/S ratio of 0.3.

FCH recently reported its fourth quarter results. The company announced that its net loss for the quarter was $51.2 million, while hotel EBITA was $30.4 million. "Last year presented unprecedented challenges for the industry, and I am pleased with our accomplishments under those circumstances. Our performance over the last two years has been superior to our peer group and the industry in terms of RevPAR and flow-through. We gained 1.4 percent in market share during 2009, while only 48 percent of the revenue declines flowed through to the bottom line. These successes translated into better than expected fourth quarter results, driven by higher than expected demand and better margins. At the same time, our balance sheet initiatives are enabling us to withstand the downturn and position us to benefit from the lodging recovery. In total, we refinanced or extended nearly $1 billion in debt, including all of our 2009 debt maturities and a significant portion of our 2010 and 2011 maturities," said Richard A. Smith, FelCor's President and Chief Executive Officer.

John Paulson owns 3,000,000 shares as of 12/31/2009, an increase of 247.83% from the previous quarter. This position accounts for 0.06% of the $19.49 billion portfolio of Paulson & Co.. Ken Heebner owns 1,920,000 shares as of 12/31/2009, an increase of 61.34% from the previous quarter. This position accounts for 0.1% of the $6.8 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.

Buy:: Executive VP & CFO Andrew J Welch bought 14,690 shares of FCH stock on 03/09/2010 at the average price of 4.5, the price of the stock has increased by 1.78% since. Many other insiders have also increased their positions in the company.

QuinStreet Inc. (qnst): CEO, 10% Owner Douglas Valenti Bought 33,900 Shares

CEO, 10% Owner of QuinStreet Inc. (qnst) Douglas Valenti bought 33,900 shares on 03/03/2010 at an average price of $15.51. Quinstreet Inc. has a market cap of $696.7 million; its shares were traded at around $15.51 .

Wonder Auto Technology Inc. (WATG): CEO and President, 10% Owner Qingjie Zhao Bought 32,000 Shares

CEO and President, 10% Owner of Wonder Auto Technology Inc. (WATG) Qingjie Zhao bought 32,000 shares on 03/04/2010 at an average price of $10.19. WONDER AUTO TECHNOLOGY, INC., which is located in Liaoning, China, owning five subsidiaries at present, two of them are under construction. Wonder Auto Technology Inc. has a market cap of $345 million; its shares were traded at around $10.19 with a P/E ratio of 12.4 and P/S ratio of 1.7.

FIFTH STREET FINANCE (FSC): CEO Leonard M Tannenbaum Bought 20,000 Shares

CEO of FIFTH STREET FINANCE (FSC) Leonard M Tannenbaum bought 20,000 shares on 03/04/2010 at an average price of $12.02. FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance has a market cap of $539.9 million; its shares were traded at around $12.02 with a P/E ratio of 10.5 and P/S ratio of 10.9. The dividend yield of Fifth Street Finance stocks is 10%.

Ruane Cunniff bought 195,000 shares in the quarter that ended on 12/31/2009, which is 0.03% of the $7.98 billion portfolio of Ruane & Cunniff & Goldfarb Inc. David Einhorn owns 2,284,492 shares as of 12/31/2009, which accounts for 0.83% of the $2.94 billion portfolio of Greenlight Capital Inc.

Buy:: CCO, Exec. V.P.& Sec Bernard D Berman bought 1,000 shares of FSC stock on 12/16/2009 at the average price of 10.25, the price of the stock has increased by 17.27% since.

Trans World Entertainment Corp. (TWMC): Chairman and CEO, 10% Owner Robert J Higgins Bought 127,096 Shares

Chairman and CEO, 10% Owner of Trans World Entertainment Corp. (TWMC) Robert J Higgins bought 127,096 shares on 03/11/2010 at an average price of $1.63. Trans World Entertainment Corp. operates a chain of retail entertainment stores and an e-commerce site in a single industry segment. Trans World Entertainment Corp. has a market cap of $51.2 million; its shares were traded at around $1.63 with and P/S ratio of 0.1.

Buy:: 10% Owner Lloyd I Miller Iii bought 2,453 shares of TWMC stock on 09/18/2009 at the average price of 0.9, the price of the stock has increased by 81.11% since. There are mixed trades from other insiders.

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


Rating: 3.5/5 (2 votes)

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