Weekly CEO Buys Highlight: DELL, TRC, CPT, BKYF, HBAN

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Dec 27, 2010
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


Dell Inc. (DELL, Financial): Chairman and CEO, 10% Owner Michael S Dell Bought 7,370,000 Shares


Chairman and CEO, 10% Owner of Dell Inc. (DELL) Michael S Dell bought 7,370,000 shares on 12/17/2010 at an average price of $13.79. Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $26.82 billion; its shares were traded at around $13.79 with a P/E ratio of 10.2 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.


Dell recently reported its third quarter 2010 results. The company reported revenue from its commercial business increased 24% year on year to $12.4 billion in the quarter representing a modest 2% sequential decline over the previous second quarter. Their commercial business was aided by enterprise products and services revenue growing 33% year on year to $4.2 billion in the quarter with particular help from a 64% year on year improvement in services revenue.


Lee Ainslie bought 8,667,012 shares in the quarter that ended on 09/30/2010, which is 1.22% of the $9.2 billion portfolio of Maverick Capital. Richard Perry bought 1,680,000 shares in the quarter that ended on 09/30/2010, which is 0.34% of the $6.36 billion portfolio of Perry Capital.


George Soros owns 14,100 shares as of 09/30/2010, a decrease of 73.4% of from the previous quarter. This position accounts for less than 0.01% of the $6.69 billion portfolio of Soros Fund Management LLC.


Buy: Chairman and CEO, 10% Owner Michael S Dell bought 7,370,000 shares of DELL stock on 12/17/2010 at the average price of 13.57. Michael S Dell owns at least 262,960,567 shares after this. The price of the stock has increased by 1.62% since. There are mixed trades from other insiders.


Tejon Ranch Co. (TRC, Financial): President / CEO Robert A Stine Bought 55,012 Shares


President / CEO of Tejon Ranch Co. (TRC) Robert A Stine bought 55,012 shares during the past week at an average price of $27.5. Tejon Ranch Co. is a diversified, growth oriented real estate development and agribusiness company. Tejon Ranch Co. has a market cap of $543.1 million; its shares were traded at around $27.5 with a P/E ratio of 110.1 and P/S ratio of 19.3.


Third Avenue Management owns 5,110,064 shares as of 09/30/2010, which accounts for 2.28% of the $4.87 billion portfolio of Third Avenue Management. Michael Price owns 404,243 shares as of 09/30/2010, which accounts for 1.8% of the $488 million portfolio of MFP Investors LLC. Martin Whitman owns 3,420,106 shares as of 07/31/2010, which accounts for 2.07% of the $3.8 billion portfolio of Third Avenue Value Fund.


For the third quarter of 2010, the Company had a significant increase in net income attributable to common stockholders of $7,850,000, or $0.40 per common share diluted, compared to a net loss of $288,000, or $0.02 per common share during the third quarter of 2009. Revenue from operations for the third quarter of 2010 improved $6,029,000 to $16,279,000, compared to $10,250,000 of revenue during the same period in 2009.


Buy: President / CEO Robert A Stine bought 2,512 shares of TRC stock on 12/22/2010 at the average price of 27.24. Robert A Stine owns at least 82,201 shares after this. The price of the stock has increased by 0.95% since. There are mixed trades from other insiders.


Camden Property Trust (CPT, Financial): Chairman and CEO Richard J Campo Bought 9,400 Shares


Chairman and CEO of Camden Property Trust (CPT) Richard J Campo bought 9,400 shares on 12/23/2010 at an average price of $53.03. CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. Camden Property Trust has a market cap of $3.64 billion; its shares were traded at around $53.03 with a P/E ratio of 19.6 and P/S ratio of 5.8. The dividend yield of Camden Property Trust stocks is 3.5%. Camden Property Trust had an annual average earning growth of 0.4% over the past 5 years.


CPT recently declared a third quarter cash dividend of $0.45 per share to holders of record as of September 30, 2010 of its Common Shares of Beneficial Interest. The dividend is to be paid on October 18, 2010.


Kenneth Fisher owns 41,575 shares as of 09/30/2010, which accounts for 0.01% of the $31.96 billion portfolio of Fisher Asset Management, LLC.


The Bank of Kentucky Financial Corp. (BKYF, Financial): President & CEO Robert W Zapp Bought 13,000 Shares


President & CEO of The Bank of Kentucky Financial Corp. (BKYF) Robert W Zapp bought 13,000 shares during the past week at an average price of $20.035.


The Bank of Kentucky Financial Corporation is a bank holding company engaged in the banking business through Bank of Kentucky Inc. The Bank Of Kentucky Financial Corp. has a market cap of $144.3 million; its shares were traded at around $20.035 with a P/E ratio of 13.7 and P/S ratio of 1.8. The dividend yield of The Bank Of Kentucky Financial Corp. stocks is 2.9%. The Bank Of Kentucky Financial Corp. had an annual average earning growth of 8% over the past 10 years. GuruFocus rated The Bank Of Kentucky Financial Corp. the business predictability rank of 1-star.


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 $6.88. Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $4.93 billion; its shares were traded at around $6.88 with and P/S ratio of 1.4. The dividend yield of Huntington Bancshares Inc. stocks is 0.6%.


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 increased by 9.21% since. Other insiders have also increased their positions in the company.