Weekly CEO Buys Highlight: BFS, MOSY, ESSX, NTWK, HBAN

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Dec 19, 2010
Last week’s top five stocks that were bought by their CEOs were Saul Centers Inc, MoSys Inc, Essex Rental Corp, NetSol Technologies Inc, Huntington Bancshares Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 77,078 Shares


CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 77,078 shares during the past week at an average price of $46.7. 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 $862.9 million; its shares were traded at around $46.7 with and P/S ratio of 5.4. The dividend yield of Saul Centers Inc. stocks is 3%. 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 increased by 6.02% since.


MoSys Inc. (MOSY, Financial): CEO and President Leonard Charles Perham Bought 275,000 Shares


CEO and President of MoSys Inc. (MOSY) Leonard Charles Perham bought 275,000 shares on 12/10/2010 at an average price of $5.4. MoSys, Inc. develops, licenses and markets innovative memory technologies for semiconductors. Mosys Inc. has a market cap of $173.4 million; its shares were traded at around $5.4 with and P/S ratio of 15.1. Mosys Inc. had an annual average earning growth of 18% over the past 5 years.


MoSys recently reported its third quarter 2010 results. The company reported total revenue of $3.8 million for the third quarter of 2010, an increase of 12% compared to results as of a year ago. The company ended the third quarter with cash and investments of $22.3 million.


Mario Gabelli owns 125,500 shares as of 09/30/2010, an increase of 527.5% from the previous quarter. This position accounts for less than 0.01% of the $23.32 billion portfolio of GAMCO Investors.


Buy: Director Carl E Berg bought 230,000 shares of MOSY stock on 12/10/2010 at the average price of 4.38. Carl E Berg owns at least 169,998 shares after this. The price of the stock has increased by 23.29% since.


Essex Rental Corp (essx): CEO & President Ronald Schad Bought 60,000 Shares


CEO & President of Essex Rental Corp (essx) Ronald Schad bought 60,000 shares on 12/10/2010 at an average price of $5.71. Essex Rental Corp., formerly Hyde Park Acquisition Corp. Essex Rental Corp has a market cap of $98 million; its shares were traded at around $5.71 with and P/S ratio of 1.8.


Essex recently reported its third quarter 2010 results. The company announced total revenues for the third quarter of 2010 of $8.8 million, compared to $11.1 million a year ago.


Sell: 10% Owner Llc Ramius sold 60,000 shares of essx stock on 12/09/2010 at the average price of 5. Llc Ramius owns at least 1,773,653 shares after this. The price of the stock has increased by 14.2% since. Other insiders have also decreased their positions in the company.


NetSol Technologies Inc. (NTWK, Financial): CEO NTE Naeem Ghauri Bought 153,846 Shares


CEO NTE of NetSol Technologies Inc. (NTWK) Naeem Ghauri bought 153,846 shares on 12/10/2010 at an average price of $1.74. NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. Netsol Technologies Inc. has a market cap of $85.2 million; its shares were traded at around $1.74 with a P/E ratio of 12.5 and P/S ratio of 2.4.


Huntington Bancshares Inc. (HBAN, Financial): President, CEO & Chairman Stephen D Steinour Bought 34,000 Shares


President, CEO & Chairman of Huntington Bancshares Inc. (HBAN) Stephen D Steinour bought 34,000 shares on 12/17/2010 at an average price of $6.23. Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $4.47 billion; its shares were traded at around $6.23 with and P/S ratio of 1.4. The dividend yield of Huntington Bancshares Inc. stocks is 0.6%.


HBAN recently reported net income of $100.9 million, or $0.10 per common share. This compared with net income of $48.8 million, or $0.03 per common share, in the 2010 second quarter and a net loss of $166.2 million, or $0.33 per common share, in the year-ago quarter.


Arnold Schneider owns 4,572,300 shares as of 09/30/2010, an increase of 237.36% from the previous quarter. This position accounts for 1.56% of the $1.67 billion portfolio of Schneider Capital Management. HOTCHKIS & WILEY sold out his holdings in the quarter that ended on 09/30/2010.


Buy: EVP of Principal Subsidiary Zahid Afzal bought 5,000 shares of HBAN stock on 12/17/2010 at the average price of 6.3. Zahid Afzal owns at least 107,220 shares after this. The price of the stock has decreased by 1.11% since. Other insiders have also increased their positions in the company.