Weekly CEO Buys Highlight: Private Media Group Inc., NorthStar Realty Finance Corp., Private Media Group Inc.

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Nov 21, 2007
Insider buys can be great sources for small cap ideas. These are the weekly highlight of CEO buys. All of them are small caps.


NorthStar Realty Finance Corp. (NRF, Financial): CEO and Chairman, Director David T. Hamamoto Bought 50,000 Shares


NorthStar Realty Finance Corp. (NRF), a commercial finance real estate investment trust, reported a third quarter revenue gain of 23%. The company’s profit was from higher interest and rental income. Also, the company stated that it has no ventures in the deteriorating residential sub-prime lending market.


Since June, CEO and Chairman, Director of NRF, David T. Hamamoto, has purchased a total of 175,000 shares priced between $8.71 and $13.45, and the Director of NRF, W. Edward Scheetz, has purchased a total of 31,503 shares priced between $9.40 and $12.08. A large insider buy was made by Director Frank V. Sica, who bought 25,000 shares on 09/13 at $9.84. Smaller buys were made Director W. D. Minami, who bought 3,500 shares, and Executive Vice President Daniel R Gilbert, who bought 2,450 shares—both were priced at around $12.17.


NorthStar Realty Finance Corp. has a market cap of $515.01 million; its shares were traded at around $7.99 with P/E ratio of 13.49 and P/S ratio of 3.45. The dividend yield of NorthStar Realty Finance Corp. stocks is 16.6%.


Six Flags Inc. (SIX, Financial): President, CEO, Director Mark S Shapiro Bought 48,000 Shares


Six Flags Inc. (SIX), a regional amusement theme park based in North America, suffered a third quarter loss from low attendance. The company spokesperson said bad weather, and ride-related accident this year hurt business. The third quarter profit fell by 46%.


The President, CEO, Director of SIX, Mark S. Shapiro bought a total of 55,700 shares between $2.09 and $3.64, since the end of July.


Other notable insider buys: Executive VP, and CFO, Jeffrey R. Speed, bought 15,000 shares at $3.67; Director Robert J. Mcguire bought 10,000 shares at $3.32 and $3.90; SVP of Administration and Secretary Walter Hawrylak bought 6,000 shares at $2.21 and $3.81; and VP, Park Strategy & Mgmt., Bob Chesterman, bought 1,416 shares at $3.63.


Guru Wallace Weitz currently owns 4,739,100 shares as of the third quarter.


Six Flags Inc. has a market cap of $191.27 million; its shares were traded at around $2.12 with P/S ratio of 0.21.


Private Media Group Inc. (PRVT, Financial): CEO Berth H. Milton Bought Another 1,000,000 Shares


Private Media Group, Inc. is an international adult media content provider for a range of media platforms, from DVDs to wireless entertainment. O n Wall Street, PRVT topped the list of the “Biggest Percent Price Gainers.” The company boasted their stock performance was due to their new business agreement with nine IPTV operators in the European market. The media wireless sales upped the company’s gross profits by 3.5 million euro, or $5.13 Million.


Berth H. Milton is the CEO, President, Chairman of the Board, and Director of Private Media Group Inc. Milton, who currently owns 10% of PRVT, made his $1 million purchase just mid-November at $3.45. The CEO currently holds 3,500,000 shares of the company stock, from which he acquired over the past month at price range of $2.78 to $3.45.


Private Media Group Inc. has a market cap of $181.77 million; its shares were traded at around $3.45 with P/S ratio of 4.76.