Weekly CEO Buys Highlight: NRCI, SLRC, APP, BFS, NRGY

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Dec 06, 2010
Last week’s top five stocks that were bought by their CEOs were National Research Corp, Solar Capital Ltd, American Apparel Inc, Saul Centers Inc, and Inergy L.P. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

National Research Corp. (NRCI, Financial): CEO, 10% Owner Michael D. Hays Bought 2,500,000 Shares

CEO, 10% Owner of National Research Corp. (NRCI) Michael D. Hays bought 2,500,000 shares on 12/01/2010 at an average price of $28.87. National Research Corporation is a provider of ongoing survey-based performance measurement, analysis and tracking services to the healthcare industry. National Research Corp. has a market cap of $192.1 million; its shares were traded at around $28.87 with a P/E ratio of 21 and P/S ratio of 3.3. The dividend yield of National Research Corp. stocks is 2.6%. National Research Corp. had an annual average earning growth of 16.4% over the past 10 years. GuruFocus rated National Research Corp. the business predictability rank of 4-star.

NRCI recently reported its third quarter 2010 results. Revenue for the quarter ended September 30, 2010, was $16.0 million, compared to $13.5 million for the same quarter in 2009. Net income for the quarter ended September 30, 2010, was $2.1 million, or $.32 per basic and diluted share, compared to $2.0 million for the third quarter 2009, or $.30 per basic and diluted share.

Sell: CFO and Secretary Patrick E Beans sold 100 shares of NRCI stock on 12/01/2010 at the average price of 28.25. Patrick E Beans owns at least 106,812 shares after this. The price of the stock has increased by 2.19% since. There are mixed trades from other insiders.

Solar Capital Ltd. (SLRC, Financial): CEO, Pres, Chair. of the Board Michael S Gross Bought 115,000 Shares

CEO, Pres, Chair. of the Board of Solar Capital Ltd. (slrc) Michael S Gross bought 115,000 shares on 11/30/2010 at an average price of $24.26. Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged companies, including middle market companies, in the form of senior secured loans, mezzanine loans, and equity securities. Solar Capital Ltd. has a market cap of $804.7 million; its shares were traded at around $24.26 with a P/E ratio of 12.1 and P/S ratio of 7.4. The dividend yield of Solar Capital Ltd. stocks is 10%.

SLRC recently reported earnings of $0.63 per share for the three months ended September 30, 2010, with a net asset value (NAV) per share of $22.09. Solar Capital also announced that its Board of Directors has declared a fourth quarter dividend of $0.60 per share, payable on December 30, 2010 to stockholders of record on December 17, 2010.

Seth Klarman owns 1,766,300 shares as of 09/30/2010, which accounts for 2.29% of the $1.65 billion portfolio of The Baupost Group. George Soros sold out his holdings in the quarter that ended on 09/30/2010.

Buy: COO & Dir Bruce J Spohler bought 115,000 shares of slrc stock on 11/30/2010 at the average price of 22.94. Bruce J Spohler owns at least 2,055,649 shares after this. The price of the stock has increased by 5.75% since.

American Apparel Inc (APP, Financial): Chairman and CEO, 10% Owner Dov Charney Bought 1,129,576 Shares

Chairman and CEO, 10% Owner of American Apparel Inc (APP) Dov Charney bought 1,129,576 shares on 12/01/2010 at an average price of $1.6. AMERICAN APPAREL is a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. American Apparel Inc has a market cap of $114.2 million; its shares were traded at around $1.6 with a P/E ratio of 80 and P/S ratio of 0.2.

APP recently reported its third quarter results. Net sales for the third quarter of 2010 were $134.5 million, a decline of 10.5% compared to net sales of $150.3 million for the third quarter of 2009. Comparable store sales for stores open at least 12 months declined 16% on a constant currency basis. American Apparel ended the third quarter of 2010 with 278 retail stores, having opened one retail store and closed three during the quarter, as compared to 276 retail stores at the end of the third quarter of 2009.

Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 35,683 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 35,683 shares during the past week at an average price of $43.79. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $803.6 million; its shares were traded at around $43.79 with and P/S ratio of 4.9. The dividend yield of Saul Centers Inc. stocks is 3.4%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.

Sell: Sr. Vice President-CFO Scott V Schneider sold 5,000 shares of BFS stock on 09/14/2010 at the average price of 44.05. Scott V Schneider owns at least 10,152 shares after this. The price of the stock has decreased by 0.59% since.

Inergy L.P. (NRGY, Financial): President/CEO/DIRECTOR John J Sherman Bought 5,000 Shares

President/CEO/DIRECTOR of Inergy L.P. (NRGY) John J Sherman bought 5,000 shares on 12/02/2010 at an average price of $38.16. 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 $2.51 billion; its shares were traded at around $38.16 with a P/E ratio of 636.1 and P/S ratio of 1.7. The dividend yield of Inergy L.p. stocks is 7.4%. Inergy L.p. had an annual average earning growth of 10.7% over the past 10 years.

Inergy announced its third quarter 2010 results. The company recently reported Adjusted EBITDA of $33.5 million for the quarter ended June 30, 2010, an increase of $2.2 million, or approximately 7%, from $31.3 million for the quarter ended June 30, 2009.

Mario Gabelli bought 9,100 shares in the quarter that ended on 09/30/2010, which is less than 0.01% of the $23.32 billion portfolio of GAMCO Investors. Jean-Marie Eveillard owns 200,845 shares as of 09/30/2010, an increase of 15.4% from the previous quarter. This position accounts for 0.05% of the $15.82 billion portfolio of First Eagle Investment Management, LLC.

Sell: SVP MIDSTREAM OPERATIONS William R. Moler sold 13,376 shares of NRGY stock on 06/11/2010 at the average price of 35.95. William R. Moler owns at least 42,879 shares after this. The price of the stock has increased by 6.15% since.