Weekly Top Insider Buys: Barnes & Noble Inc., Gray Television Inc., Handleman Company, Carriage Services Inc.

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Oct 16, 2007
Weekly Top Insider Buys. Related companies: Barnes & Noble Inc. (BKS, Financial), Gray Television Inc. (GTN, Financial), Handleman Company (HDL, Financial), Carriage Services Inc. (CSV, Financial).


Barnes & Noble Inc. (BKS): Chairman of the Board Leonard Riggio Bought 300,000 Shares


Chairman of the Board of Barnes & Noble Inc. (BKS), Leonard Riggio, bought 300,000 shares on 10/12 at $38.02. Riggio bought another 100,000 shares on 08/10 at $32.64; the price of the stock has increased by 15.53% since.


About: Barnes & Noble, Inc. operates as a bookseller in the United States and the District of Columbia. It operates its bookstores under the trade names Barnes & Noble Booksellers and B. Barnes & Noble Inc. has a market cap of $2.48 billion; its shares were traded at around $37.71 with P/E ratio of 18.74 and P/S ratio of 0.46.


One Guru Kept His Position in BKS Unchanged: Bill Ackman owns 6,540,451 shares as of 06/30, which accounts for 10.2% of the $2.47 billion portfolio of Pershing Square Capital Management, L.P.


One Guru Reduced His Position in BKS: Jean-Marie Eveillard owns 1,627,050 shares as of 06/30, a decrease of -0.39% of from the previous quarter. This position accounts for 0.43% of the $14.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.


CFO Sells: CFO Joseph Lombardi sold 92,148 shares of BKS stock on 06/04 at $42.57; the price of the stock has decreased by -11.42% since.


Other Insider Sells: 1) President of B&N Publishing Group, J. Alan Kahn, sold a total of 232,306 shares since 06/04 at a price range of $35.78 and $42.80. 2) In early June, COO of BKS, Mitchell S. Klipper, sold a total of 500,000 shares on two occasions: 155,500 shares at $40.61, and 344,500 shares at $42.63. 3) Director Matthew A. Berdon sold 28,306 shares on 06/12 at $40.43. 4) V.P. of Director of Stores, Mark Bottini, sold 917 shares of BKS stock on 06/20 at $40.31.


Gray Television Inc. (GTN): Director Harriett J. Robinson Bought 4,000 Shares; Chairman & CEO J. Mack Robinson Bought 4,000 Shares


Director of Gray Television Inc. (GTN), Harriett J. Robinson, bought 4,000 shares on 10/11 at $9.34. Since August, Director H.J. Robinson has purchased a total of 33,800 shares of GTN stock at a price range of $8.04 to $9.10. The price of stock has increased at a range of 1.39% to 17.79%.


About: Gray Television, Inc. operates as a television broadcasting company in the United States. The company offers services, such as production of commercials and tower rentals. Gray Television Inc. has a market cap of $440.76 million; its shares were traded at around $9.47 with P/S ratio of 1.37.


One Guru Increased His Position in GTN: John Keeley owns 2,715,000 shares as of 06/30. It is an increase of 29.29% of from the previous quarter. This position accounts for 0.3% of the $8.41 billion portfolio of Keeley Fund Management.


Insider Buys: 1) Chairman & CEO, Mack J. Robinson, bought 4,000 shares on 10/11 at $9.34. Since the beginning of August, M.J. Robinson has purchased a total of 33,800 shares of GTN stock at an average price range of $8.04 to $9.10. The price of stock has increased at a range of 1.39% to 17.79%. 2) President and C.O.O., Robert S. Prather Jr., sold 49,500 shares of GTN stock on 05/24 at $10.34; the price of the stock has decreased by -8.41% since.


Handleman Company (HDL): Director Eugene A. Miller Bought 2,000 Shares


Director of Handleman Company (HDL), Eugene A. Miller, bought 2,000 shares of HDL stock on 10/11 at $2.95; the price of the stock has decreased by -4.75% since.


On 10/08, HDL currently just announced the resignation of its President, and Chief of Operating Officer.


About: Handleman Company operates as a category manager and distributor of prerecorded music titles to retailers in the United States, the United Kingdom, and Canada. Handleman Company has a market cap of $57.08 million; its shares were traded at around $2.81 with P/S ratio of 0.04.


One Guru Reduced His Position in HDL: Arnold Van Den Berg owns 1,848,709 shares as of 06/30, a decrease of -1.56% of from the previous quarter. This position accounts for 0.2% of the $3.66 billion portfolio of Century Management.


Carriage Services Inc. (CSV): Director Joe R. Davis Bought 1,434 Shares


Director of Carriage Services Inc. (CSV), Joe R. Davis, bought 1,434 shares of CSV stock on 10/10 at $8.19, the price of the stock has increased by 7.2% since. On 07/06, Director Davis bought 1,553 shares at $8.20; the price of the stock has increased by 7.07% since.


About: Carriage Services, Inc. provides death care services and merchandise in the United States. It provides burial and cremation services, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise. Carriage Services Inc. has a market cap of $170.09 million; its shares were traded at around $8.78 with P/E ratio of 34.21 and P/S ratio of 1.06.


Big CEO Buys: In early June, CEO of CSV, Melvin C. Payne, bought a total of 62,761 shares on three occasions: 23,739 shares at $7.96, 20,000 shares at $7.91, and 19,022 shares at $7.92.


Insider Buys: 1) Director Vincent D. Foster bought a total of 1,492 shares: on 10/10, 716 shares at $8.19; and on 07/06, 776 shares at $8.20. 2) Director Gary L. Forbes a total of 1,045 shares: on 10/10, 716 shares at $8.19; and on 07/06, 329 shares at $8.20


Insider Sells: Director Mark F. Wilson sold a total of 20,000 shares in mid-May on two occasions: 7,100 shares at $7.84, and 12,900 shares at $8.36