Weekly CEO Buys Highlight: VAC, ESL, CTFO, EFC, BCEI

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Dec 31, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Marriott Vacations Worldwide (VAC, Financial): President & CEO Stephen P Weisz Bought 16,500 Shares

President & CEO of Marriott Vacations Worldwide (VAC) Stephen P Weisz bought 16,500 shares on 12/22/2011 at an average price of $17.16. Marriott Vacations Worldwide has a market cap of $578.4 million; its shares were traded at around $17.16 .

Exec. VP and CFO John E Jr Geller bought 10,000 shares of VAC stock on 12/20/2011 at the average price of 18.54. John E Jr Geller owns at least 10,533 shares after this. The price of the stock has decreased by 7.44% since. Other insiders have also increased their positions in the company.

Esterline Technologies Corp. (ESL, Financial): President & CEO Richard Bradley Lawrence Bought 3,960 Shares

President & CEO of Esterline Technologies Corp. (ESL) Richard Bradley Lawrence bought 3,960 shares on 12/30/2011 at an average price of $55.97. Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. Esterline Technologies Corp. has a market cap of $1.71 billion; its shares were traded at around $55.97 with a P/E ratio of 11.6 and P/S ratio of 1. Esterline Technologies Corp. had an annual average earnings growth of 13.4% over the past 10 years. GuruFocus rated Esterline Technologies Corp. the business predictability rank of 4.5-star.

For the fourth quarter of fiscal 2011, Esterline reported sales of $502.4 million and income from continuing operations of $19.4 million, or $0.62 per diluted share. The company noted that results for the fourth quarter include certain after-tax discrete items of $18.3 million, or $(0.59) per share, as detailed in Table 1. Year-ago fourth quarter sales were $430.5 million, with income from continuing operations of $49.3 million, or $1.60 per diluted share.

David Dreman owns 545,162 shares as of 09/30/2011, which accounts for 0.7074% of the $4 billion portfolio of Dreman Value Management. Kenneth Fisher owns 773,246 shares as of 09/30/2011, which accounts for 0.1333% of the $30.08 billion portfolio of Fisher Asset Management, LLC. Joel Greenblatt sold out his holdings in the quarter that ended on 09/30/2011.

VP & CFO Robert David George bought 3,500 shares of ESL stock on 12/13/2011 at the average price of 51.67. Robert David George owns at least 4,500 shares after this. The price of the stock has increased by 8.32% since. Other insiders have also increased their positions in the company.

China TransInfo Technology Corp. (CTFO, Financial): CEO and President, 10% Owner Shudong Xia Bought 22,941 Shares

CEO and President, 10% Owner of China TransInfo Technology Corp. (CTFO) Shudong Xia bought 22,941 shares during the past week at an average price of $3.5. CHINA TRANSINFO, through its subsidiary Beijing PKU ChinaFront High Technology Co. China Transinfo Technology Corp. has a market cap of $88.4 million; its shares were traded at around $3.5 with a P/E ratio of 5.8 and P/S ratio of 0.7. China Transinfo Technology Corp. had an annual average earnings growth of 60% over the past 5 years.

China TransInfo recently reported its third quarter 2011 results. For the quarter ended September 30, 2011, revenue increased 29.7% to $45.5 million from $35.0 million in the year-ago quarter. The increase in revenue was driven primarily by a 40.7% increase in transportation revenue.

Ellington Financial (EFC, Financial): CEO and President Laurence Penn Bought 4,460 Shares

CEO and President of Ellington Financial (EFC) Laurence Penn bought 4,460 shares during the past week at an average price of $17.171. Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. Ellington Financial has a market cap of $283.3 million; its shares were traded at around $17.171 with a P/E ratio of 7.1 and P/S ratio of 6.2. The dividend yield of Ellington Financial stocks is 9.3%.

Book value per share as of September 30, 2011 was $22.32 on a diluted basis after payment of a $0.40 per share second quarter dividend on September 15, 2011, as compared to book value per share of $22.78 on a diluted basis as of June 30, 2011, representing a$0.46 per share decline, or a $0.06 decline after adjusting for the $0.40 dividend.

Co-Chief Investment Officer, 10% Owner Michael W Vranos bought 543 shares of EFC stock on 12/29/2011 at the average price of 17.16. Michael W Vranos owns at least 2,513,131 shares after this. The price of the stock has increased by 0.06% since. Other insiders have also increased their positions in the company.

Bonanza Creek Energy (BCEI, Financial): President & CEO Michael R Starzer Bought 4,000 Shares

President & CEO of Bonanza Creek Energy (BCEI) Michael R Starzer bought 4,000 shares on 12/23/2011 at an average price of $12.5. Bonanza Creek Energy has a market cap of $494.5 million; its shares were traded at around $12.5 .

Executive VP & CFO James R Casperson bought 1,000 shares of BCEI stock on 12/27/2011 at the average price of 13.25. James R Casperson owns at least 28,269 shares after this. The price of the stock has decreased by 5.66% since. Other insiders have also increased their positions in the company.