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Weekly CEO Buys Highlight: General Moly Inc., Apollo Investment Corp, Education Realty Trust Inc, Conexant Systems Inc, Old Mutual/Claymore LongShort Fund.

May 02, 2010 | About:
Greenbackd

guruyt

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Last week’s top five stocks that were bought by their CEOs were GENERAL MOLY, INC, Apollo Investment Corp, Education Realty Trust Inc, Conexant Systems Inc, and Old Mutual/Claymore LongShort Fund. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

GENERAL MOLY, INC (GMO): CEO Bruce D Hansen Bought 100,000 Shares

CEO of GENERAL MOLY, INC (GMO) Bruce D Hansen bought 100,000 shares on 04/28/2010 at an average price of $3.74. General Moly is a U.S.-based molybdenum mineral exploration and development company listed on the American Stock Exchange and the Toronto Stock Exchange under the symbol GMO. General Moly, Inc has a market cap of $271.3 million; its shares were traded at around $3.74 .

General Molly recently reported its fourth quarter and full year 2009 results. Net loss for the three months ended December 31, 2009 was approximately $2.2 million ($0.03 per share) compared to a loss of $2.6 million ($0.04 per share) for the year ago period. Net loss for the full year ending December 31, 2009 was approximately $10.2 million ($0.14 per share) compared to a loss of $14.4 million ($0.21 per share) for the year ago period. Sell:: Director Richard F Nanna sold 25,000 shares of GMO stock on 04/26/2010 at the average price of 3.68, the price of the stock has increased by 1.63% since.

Apollo Investment Corp. (AINV): CEO James C Zelter Bought 15,000 Shares

CEO of Apollo Investment Corp. (AINV) James C Zelter bought 15,000 shares on 04/28/2010 at an average price of $12.11. Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Apollo Investment Corp. has a market cap of $2.13 billion; its shares were traded at around $12.11 with a P/E ratio of 9 and P/S ratio of 5.6. The dividend yield of Apollo Investment Corp. stocks is 9.2%. Apollo Investment Corp. had an annual average earning growth of 38.5% over the past 5 years.

Apollo Investment Corp recently announced financial results for its fiscal quarter ended December 31, 2009. Additionally, Apollo Investment Corporation announcedthat its Board of Directors has declared its fourth fiscal quarter 2010 dividend of $0.28 per share, payable on April 2, 2010 to stockholders of record as of March 18, 2010. The dividend will be paid from taxable earnings whose specific tax characteristics will be reported to stockholders on Form 1099 after the end of the calendar year.

David Williams owns 4,200,000 shares as of 03/31/2010, which accounts for 0.75% of the $5.51 billion portfolio of Columbia Value and Restructuring Fund.

Buy:: CFO and Treasurer Richard Peteka bought 5,000 shares of AINV stock on 04/28/2010 at the average price of 12.2, the price of the stock has decreased by 0.74% since. Other insiders have also increased their positions in the company.

Education Realty Trust Inc. (EDR): President and CEO Randy L Churchey Bought 14,500 Shares

President and CEO of Education Realty Trust Inc. (EDR) Randy L Churchey bought 14,500 shares on 04/26/2010 at an average price of $7.07. Education Realty Trust owns, manages, and develops student housing communities located near university campuses throughout the United States. Education Realty Trust Inc. has a market cap of $401.3 million; its shares were traded at around $7.07 with a P/E ratio of 9.1 and P/S ratio of 3. The dividend yield of Education Realty Trust Inc. stocks is 2.7%.

EDR recently reported its first quarter 2010 results. Net income attributable to common stockholders for the first quarter of 2010 was $0.2 million, or less than $0.01 per diluted share, compared to net income attributable to common stockholders of $0.4 million, or just under $0.02 per diluted share, for the same period in 2009.

Buy:: CFO Randall H Brown bought 1,000 shares of EDR stock on 12/15/2009 at the average price of 4.89, the price of the stock has increased by 44.58% since. Other insiders have also increased their positions in the company.

Conexant Systems Inc. (CNXT): CEO and Chairman of the Board D Scott Mercer Bought 25,000 Shares

CEO and Chairman of the Board of Conexant Systems Inc. (CNXT) D Scott Mercer bought 25,000 shares on 04/29/2010 at an average price of $3.06. Conexant Systems, Inc. innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. Conexant Systems Inc. has a market cap of $241.9 million; its shares were traded at around $3.06 with a P/E ratio of 153 and P/S ratio of 1.2.

For the second quarter of fiscal 2010, Conexant's revenues were $61.9 million. Core gross margins were 61.5 percent of revenues. Core operating expenses were $25 million, core operating income was $13.0 million, and core net income was $8.3 million, or $0.12 per diluted share, based on an average of 70.5 million shares outstanding.

Sell:: Director Dwight W Decker sold 6,789 shares of CNXT stock on 11/25/2009 at the average price of 2.26, the price of the stock has increased by 35.4% since.

Old Mutual/Claymore LongShort Fund (OLA): CEO J. Thomas Futrell Bought 5,000 Shares

CEO of Old Mutual/Claymore LongShort Fund (OLA) J. Thomas Futrell bought 5,000 shares on 04/28/2010 at an average price of $8.99. Old Mutual/claymore Longshort Fund has a market cap of $219.1 million; its shares were traded at around $8.99 . The dividend yield of Old Mutual/claymore Longshort Fund stocks is 12.2%.

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

About the author:

guruyt
Greenbackd is a former corporate advisory and securities lawyer working in value-oriented activist funds management.

Rating: 3.0/5 (6 votes)

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