Weekly CEO Buys Highlight: BONE, HPP, SPN, CTFO, KEY

Author's Avatar
May 08, 2011
Last week’s top five stocks that were bought by their CEOs were BONE, HPP, SPN, CTFO, and KEY. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

BARCTERIN INTL HLDG (BONE): CEO, 10% Owner Guy S Cook Bought 142,045 Shares

CEO, 10% Owner of BARCTERIN INTL HLDG (BONE) Guy S Cook bought 142,045 shares on 05/02/2011 at an average price of $4. Bacterin International, Inc. operates as a medical device company and accredited tissue bank that engages in the research, development, manufacture, and commercialization of bioactive coatings for medical devices. Barcterin Intl Hldg has a market cap of $145.8 million; its shares were traded at around $4 with and P/S ratio of 9.4.

Bacterin reported full year 2010 revenues of $15.4 million, an increase of approximately 109 percent as compared to $7.4 million for the previous year. The Company's revenue growth reflected the impact of the Company's decision to implement a direct sales force effort, commencing in July 2009, which resulted in an increase in its customer base and increased usage of Bacterin products by surgeons.

Buy: CFO John P Gandolfo bought 9,943 shares of BONE stock on 05/02/2011 at the average price of 3.52. John P Gandolfo owns at least 9,943 shares after this. The price of the stock has increased by 13.64% since.

HUDSON PACIFIC PROPERTIES INC. (HPP, Financial): CEO Victor J Coleman Bought 25,000 Shares

CEO of HUDSON PACIFIC PROPERTIES INC. (HPP) Victor J Coleman bought 25,000 shares on 05/03/2011 at an average price of $15.2. Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. Hudson Pacific Properties Inc. has a market cap of $341.3 million; its shares were traded at around $15.2 with and P/S ratio of 5.6. The dividend yield of Hudson Pacific Properties Inc. stocks is 3.3%.

HPP recently reported its fourth quarter and full year 2010 results. Funds From Operations (FFO) (excluding specified items) for the three months ended December 31, 2010 totaled $5.1 million, or $0.21 per diluted share. These results exclude expenses associated with the acquisition of operating properties of $1.6 million, or $(0.06) per diluted share, and a one-time property tax expense reduction of $1.1 million, or $0.04 per diluted share. FFO including these specified items for the three months ended December 31, 2010 totaled $4.6 million.

Buy: Director Mark David Linehan bought 7,500 shares of HPP stock on 05/03/2011 at the average price of 14.62. Mark David Linehan owns at least 17,535 shares after this. The price of the stock has increased by 3.97% since.

SUPERIOR ENERGY SERVICES INC. (SPN, Financial): CEO David D Dunlap Bought 10,000 Shares

CEO of SUPERIOR ENERGY SERVICES INC. (SPN) David D Dunlap bought 10,000 shares on 05/05/2011 at an average price of $35.42. SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf ofMexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture andsale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools. Superior Energy Services Inc. has a market cap of $2.79 billion; its shares were traded at around $35.42 with a P/E ratio of 24.3 and P/S ratio of 1.6. Superior Energy Services Inc. had an annual average earnings growth of 16.3% over the past 10 years. GuruFocus rated Superior Energy Services Inc. the business predictability rank of 2-star.

Superior Energy Services recently reported its first quarter 2011 results. The first quarter 2011 results include a pre-tax gain of $2.7 million from the sale of three 145-155-ft. class liftboats, and $2.1 million in non-cash, unrealized pre-tax losses from hedging contracts at the Company's equity-method investments.

David Dreman owns 1,251,658 shares as of 12/31/2010, which accounts for 0.89% of the $4.91 billion portfolio of Dreman Value Management.

Sell: CFO Robert S Taylor sold 68,800 shares of SPN stock on 03/09/2011 at the average price of 38.34. Robert S Taylor owns at least 65,003 shares after this. The price of the stock has decreased by 7.62% since. Other insiders have decreased their positions in the company.

China TransInfo Technology Corp. (CTFO, Financial): CEO and President, 10% Owner Shudong Xia Bought 58,600 Shares

CEO and President, 10% Owner of China TransInfo Technology Corp. (CTFO) Shudong Xia bought 58,600 shares on 05/05/2011 at an average price of $4.6. CHINA TRANSINFO, through its subsidiary Beijing PKU ChinaFront High Technology Co. China Transinfo Technology Corp. has a market cap of $116.2 million; its shares were traded at around $4.6 with a P/E ratio of 7.3 and P/S ratio of 1. China Transinfo Technology Corp. had an annual average earnings growth of 60% over the past 5 years.

Sell: Vice President Zhiping Zhang sold 10,000 shares of CTFO stock on 12/10/2010 at the average price of 4.71. Zhiping Zhang owns at least 628,088 shares after this. The price of the stock has decreased by 2.34% since.

KEYCORP (KEY, Financial): Chairman and CEO Beth E Mooney Bought 20,000 Shares

Chairman and CEO of KEYCORP (KEY) Beth E Mooney bought 20,000 shares on 05/02/2011 at an average price of $8.53. KeyCorp is an integrated multi-line financial services company. Keycorp has a market cap of $8.11 billion; its shares were traded at around $8.53 with a P/E ratio of 10.8 and P/S ratio of 1.6. The dividend yield of Keycorp stocks is 0.5%.

KEY recently reported its first quarter 2011 results. Net income from continuing operations were $184 million, or $.21 per common share, for the first quarter of 2011.

David Dreman owns 145,840 shares as of 12/31/2010, which accounts for 0.03% of the $4.91 billion portfolio of Dreman Value Management. Martin Whitman owns 10,000,000 shares as of 01/31/2011, which accounts for 1.95% of the $4.56 billion portfolio of Third Avenue Value Fund.