Weekly CEO Buys Highlight: TOWR, TPGI, CVO, FBNC, GMO

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Sep 16, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:





Tower International Inc (TOWR, Financial): President & CEO Mark Malcolm Bought 74,451 Shares


President & CEO of Tower International Inc (TOWR) Mark Malcolm bought 74,451 shares on 09/06/2012 at an average price of $8.52. TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. Tower International Inc has a market cap of $152.6 million; its shares were traded at around $8.52 with a P/E ratio of 5.2 and P/S ratio of 0.1.


Tower International recently reported strong second quarter 2012 financial results. Revenue for second quarter 2012 was $644 million, up $41 million or 7 percent from $603 million in the second quarter 2011.


Director Frank E. Jr. English bought 1,000 shares of TOWR stock on 08/15/2012 at the average price of 8.45. Frank E. Jr. English owns at least 1,500 shares after this. The price of the stock has increased by 0.83% since.


Thomas Properties Group, Inc. (TPGI, Financial): Chairman, President & CEO James A Thomas Bought 63,500 Shares


Chairman, President & CEO of Thomas Properties Group, Inc. (TPGI) James A Thomas bought 63,500 shares during the past week at an average price of $5.99. Thomas Properties Group, Inc. is a real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. Thomas Properties Group, Inc. has a market cap of $207.6 million; its shares were traded at around $5.99 with a P/E ratio of 26.5 and P/S ratio of 2.2. The dividend yield of Thomas Properties Group, Inc. stocks is 1.1%.


Thomas Properties Group recently reported its second quarter 2012 financial results. The consolidated net loss for the three months ended June 30, 2012 was $(4.8) million or $(0.12) per share compared to consolidated net loss of $(3.0) million or $(0.08) per share for the three months ended June 30, 2011.


Third Avenue Management owns 7,667,279 shares as of 06/30/2012, which accounts for 0.99% of the $4.21 billion portfolio of Third Avenue Management. Arnold Schneider owns 365,442 shares as of 06/30/2012, which accounts for 0.19% of the $1.05 billion portfolio of Schneider Capital Management.


Co-COO and General Counsel Paul S Rutter sold 3,166 shares of TPGI stock on 08/30/2012 at the average price of 5.38. Paul S Rutter owns at least 97,713 shares after this. The price of the stock has increased by 11.34% since. Other insiders have also decreased their positions in the company.


Cenveo, Inc. (CVO, Financial): Chairman and CEO Robert G Sr Burton Bought 85,000 Shares


Chairman and CEO of Cenveo, Inc. (CVO) Robert G Sr Burton bought 85,000 shares on 09/07/2012 at an average price of $2.29. Cenveo, Inc. is one of North America's providers of visual communications with one-stop services from design through fulfillment. Cenveo, Inc. has a market cap of $127.5 million; its shares were traded at around $2.29 with a P/E ratio of 3.2 and P/S ratio of 0.1.


CVO recently reported its second quarter 2012 financial results. Operating income was $29.0 million for the second quarter of 2012, compared to $26.3 million for the second quarter of 2011.


John Keeley bought 20,000 shares in the quarter that ended on 06/30/2012, which is less than 0.01% of the $4.44 billion portfolio of Keeley Fund Management. Joel Greenblatt owns 93,265 shares as of 06/30/2012, an increase of 10.02% from the previous quarter. This position accounts for 0.013% of the $1.36 billion portfolio of Gotham Capital. Joel Greenblatt owns 93,265 shares as of 06/30/2012, which accounts for 0.013% of the $1.36 billion portfolio of Gotham Capital.


EVP and CFO Mark S Hiltwein bought 5,000 shares of CVO stock on 05/14/2012 at the average price of 1.92. Mark S Hiltwein owns at least 332,158 shares after this. The price of the stock has increased by 19.27% since. Other insiders have also increased their positions in the company.


First Bancorp (FBNC, Financial): CEO Richard H Moore Bought 10,000 Shares


CEO of First Bancorp (FBNC) Richard H Moore bought 10,000 shares on 09/06/2012 at an average price of $11.12. First Bancorp is a one-bank holding company. The principal activity of the Company is the ownership and operation of First Bank. First Bancorp has a market cap of $168.3 million; its shares were traded at around $11.12 with and P/S ratio of 0.9. The dividend yield of First Bancorp stocks is 3.2%.


Director R Winston Jr. Dozier bought 10,000 shares of FBNC stock on 05/24/2012 at the average price of 9.01. R Winston Jr. Dozier owns at least 26,602 shares after this. The price of the stock has increased by 23.42% since.


General Moly, Inc. (GMO, Financial): CEO Bruce D Hansen Bought 30,000 Shares


CEO of General Moly, Inc. (GMO) Bruce D Hansen bought 30,000 shares on 09/10/2012 at an average price of $3.19. General Moly is a U.S.-based molybdenum mineral exploration and development company listed on the American Stock Exchange and the Toronto Stock Exchange under the symbol GMO. General Moly, Inc. has a market cap of $247.4 million; its shares were traded at around $3.19 .


General Moly recently reported its second quarter 2012 financial results. Net loss for the three months ended June 30, 2012 was $2.7 million ($0.03 per share), compared to a loss of $5.4 million ($0.06 per share) for the year ago period.


CFO David Chaput bought 5,000 shares of GMO stock on 09/10/2012 at the average price of 2.78. David Chaput owns at least 71,000 shares after this. The price of the stock has increased by 14.75% since.