This is the highlight of top CEO buys of the last week. Related Companies: General Electric (GE, Financial), Parkway Properties Inc. (PKY, Financial), MCG Capital Corp. (MCGC, Financial), ACI WORLDWIDE, INC. (ACIW, Financial), United Community Banks Inc. (UCBI, Financial).
General Electric Company (GE): Chairman and CEO, Director Jeffrey R. Immelt Bought 35,000 Shares
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines. The company has assets in various sectors from industrial to entertainment. The writer’s guild strikes have put a strain on the company’s entertainment business. A deal will complete in the coming quarter of 2008, where GE will acquire Merrill Lynch Capital’s capital lending business. The acquisition is expected to add more tan $10 billion of assets and $5 billion of commitments to GE Capital Finance.
John Keeley bought 62,210 shares in the last quarter. Ruane Cuniff and Bill Miller increased their GE holdings. Gurus that made no changes to their GE holdings: Warren Buffett, Richard Snow, Kenneth Fisher, Tom Gayner, Mark Hillman, David Tepper, Tweedy Browne, Chris Davis, Brian Rogers, Ronald Muhlenkamp, Dodge & Cox, and NWQ Managers.
Both Jean-Marie Eveillard and George Soros reduced their GE holdings by 31.78% and 69.17% respectively.
Chairman and CEO, Director of General Electric Company (GE) Jeffrey R. Immelt bought 35,000 shares on 12/18 at an average price of $37.14. As of July, Immelt bought a total of 143,000 shares between $36.59 and $40.08. Another insider buy was made by Director Alan G. Lafley, who bought 12,327 shares on 10/30 at $40.50. Both Senior Vice President John F. Lynch and Joseph M Hogan sold 3,597 shares at $37.39 and 26,026 shares at $38.38, correspondingly.
General Electric Company has a market cap of $379.59 billion; its shares were traded at around $37.14 with P/E ratio of 17.50 and P/S ratio of 2.16. The dividend yield of General Electric Company stocks is 3.3%.
Parkway Properties Inc. (PKY): President and CEO, Director Steven G. Rogers Bought 10,000 Shares
Parkway Properties, Inc. (PKY), a real estate investment trust, promoted William R. Flatt to Executive Vice President and Chief Operation Officer. The company said it expects funds from operations between $4 and $4.20 per share in the coming year.
Kenneth Fisher owns 442,741 shares as of 09/30.
President and CEO, Director Steven G. Rogers bought 10,000 shares of PKY stock on 12/19 at $36.47.
Parkway Properties Inc. has a market cap of $590.54 million; its shares were traded at around $37.61 with P/E ratio of 28.97 and P/S ratio of 2.39. The dividend yield of Parkway Properties Inc. stocks is 6.9%.
MCG Capital Corp. (MCGC): President & CEO, Director Steven F. Tunney Bought 25,000 Shares
MCG Capital Corporation (MCGC) is a private equity firm specializing in investments in mid-sized market companies. The company third-quarter net income increased by 4.1% to $23.02 million and revenue is up 15.2% compared to the previous year. Coastal Sunbelt Produce Inc., a company managed by MCGC, has acquired L&M Produce Inc.
In the last quarter, John Keeley bought 24,170 shares, and David Dreman increased his MCGC holdings by 14% to 229,900 shares.
President & CEO, Director Steven F. Tunney bought 25,000 shares on 12/17 at $11.09. A long list of other insider buys were made in December: Director A. Hugh Ewing III bought 10,000 shares of at $11.31; Executive Vice President, Director B. Hagen Saville bought 15,000 shares of at $10.42; EVP & General Counsel Samuel G. Rubenstein bought 7,500 shares at $10.60; Senior VP & Managing Director William B. Ford bought 5,000 shares $10.56; Director Wallace B. Millner III bought 2,500 shares at $11.43; and Director Jeffrey M. Bucher bought 1,000 shares at $10.62.
MCG Capital Corp. has a market cap of $785.71 million; its shares were traded at around $11.81 with P/E ratio of 5.89 and P/S ratio of 4.35. The dividend yield of MCG Capital Corp. stocks is 14.9%.
ACI WORLDWIDE, INC. (ACIW): CEO and President, Director Philip G. Heasley Bought 10,000 Shares
The electronic payment software developer ACI Worldwide, Inc. (ACIW) announced its contract with IBM for programming their software into IBM computer processors. In the contract, IBM has received warrants to purchase 8% of the 35.7 million ACIW market shares. ACIW predicted a fourth quarter loss of $10.4 million.
Guru Richard Aster Jr. bought 495,530 shares in the quarter ended 09/30, which is 0.3% of the $3.7 billion portfolio of Meridian Fund.
As of August, CEO and President, Director Philip G. Heasley bought a total of 40,877 shares between $16.95 and $27.76. Other insider buys were made between $16.94 and $26.09 by Director Jan Suwinski, who bought 10,000 shares, SVP & President of Global Operations Richard N. Launder, who bought 8,300 shares, Director John M. Shay Jr., who bought 2,000 shares, and Director John D. Curtis, who bought 1,000 shares.
ACI WORLDWIDE, INC. has a market cap of $716.35 million; its shares were traded at around $18.24 with P/E ratio of 351.40 and P/S ratio of 1.77.
United Community Banks Inc. (UCBI): President & CEO, Director Jimmy C. Tallent Bought 5,619 Shares
The retail bank United Community Banks, Inc. (UCBI) posted their third quarter diluted earnings increase of 10% to $0.46 and a revenue increase by 21% to $83.6 million. The company’s President and CEO Jimmy C. Tallent stated, “We are pleased to report solid year-over-year performance, especially as the slow down in the residential real estate market makes this a challenging time for community banks.”
President & CEO, Director Jimmy C. Tallent bought 5,619 shares of UCBI stock on 12/17 at $16.37. Since July, Tallent bought a total of 29,431 shares between $16.37 and $25.19. All other insider buys were made between $16.25 and $24.05 since July: Director Robert L. Head Jr. bought 25,000 shares, Director Tim Wallis bought 21,205 shares, Director W. C. Nelson Jr. bought 14,200 shares, Director A. William Bennett bought 548 shares, and finally Director Robert H. Blalock bought 412 shares.
United Community Banks Inc. has a market cap of $818.20 million; its shares were traded at around $16.99 with P/E ratio of 10.76 and P/S ratio of 2.73. The dividend yield of United Community Banks Inc. stocks is 2.1%.
General Electric Company (GE): Chairman and CEO, Director Jeffrey R. Immelt Bought 35,000 Shares
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines. The company has assets in various sectors from industrial to entertainment. The writer’s guild strikes have put a strain on the company’s entertainment business. A deal will complete in the coming quarter of 2008, where GE will acquire Merrill Lynch Capital’s capital lending business. The acquisition is expected to add more tan $10 billion of assets and $5 billion of commitments to GE Capital Finance.
John Keeley bought 62,210 shares in the last quarter. Ruane Cuniff and Bill Miller increased their GE holdings. Gurus that made no changes to their GE holdings: Warren Buffett, Richard Snow, Kenneth Fisher, Tom Gayner, Mark Hillman, David Tepper, Tweedy Browne, Chris Davis, Brian Rogers, Ronald Muhlenkamp, Dodge & Cox, and NWQ Managers.
Both Jean-Marie Eveillard and George Soros reduced their GE holdings by 31.78% and 69.17% respectively.
Chairman and CEO, Director of General Electric Company (GE) Jeffrey R. Immelt bought 35,000 shares on 12/18 at an average price of $37.14. As of July, Immelt bought a total of 143,000 shares between $36.59 and $40.08. Another insider buy was made by Director Alan G. Lafley, who bought 12,327 shares on 10/30 at $40.50. Both Senior Vice President John F. Lynch and Joseph M Hogan sold 3,597 shares at $37.39 and 26,026 shares at $38.38, correspondingly.
General Electric Company has a market cap of $379.59 billion; its shares were traded at around $37.14 with P/E ratio of 17.50 and P/S ratio of 2.16. The dividend yield of General Electric Company stocks is 3.3%.
Parkway Properties Inc. (PKY): President and CEO, Director Steven G. Rogers Bought 10,000 Shares
Parkway Properties, Inc. (PKY), a real estate investment trust, promoted William R. Flatt to Executive Vice President and Chief Operation Officer. The company said it expects funds from operations between $4 and $4.20 per share in the coming year.
Kenneth Fisher owns 442,741 shares as of 09/30.
President and CEO, Director Steven G. Rogers bought 10,000 shares of PKY stock on 12/19 at $36.47.
Parkway Properties Inc. has a market cap of $590.54 million; its shares were traded at around $37.61 with P/E ratio of 28.97 and P/S ratio of 2.39. The dividend yield of Parkway Properties Inc. stocks is 6.9%.
MCG Capital Corp. (MCGC): President & CEO, Director Steven F. Tunney Bought 25,000 Shares
MCG Capital Corporation (MCGC) is a private equity firm specializing in investments in mid-sized market companies. The company third-quarter net income increased by 4.1% to $23.02 million and revenue is up 15.2% compared to the previous year. Coastal Sunbelt Produce Inc., a company managed by MCGC, has acquired L&M Produce Inc.
In the last quarter, John Keeley bought 24,170 shares, and David Dreman increased his MCGC holdings by 14% to 229,900 shares.
President & CEO, Director Steven F. Tunney bought 25,000 shares on 12/17 at $11.09. A long list of other insider buys were made in December: Director A. Hugh Ewing III bought 10,000 shares of at $11.31; Executive Vice President, Director B. Hagen Saville bought 15,000 shares of at $10.42; EVP & General Counsel Samuel G. Rubenstein bought 7,500 shares at $10.60; Senior VP & Managing Director William B. Ford bought 5,000 shares $10.56; Director Wallace B. Millner III bought 2,500 shares at $11.43; and Director Jeffrey M. Bucher bought 1,000 shares at $10.62.
MCG Capital Corp. has a market cap of $785.71 million; its shares were traded at around $11.81 with P/E ratio of 5.89 and P/S ratio of 4.35. The dividend yield of MCG Capital Corp. stocks is 14.9%.
ACI WORLDWIDE, INC. (ACIW): CEO and President, Director Philip G. Heasley Bought 10,000 Shares
The electronic payment software developer ACI Worldwide, Inc. (ACIW) announced its contract with IBM for programming their software into IBM computer processors. In the contract, IBM has received warrants to purchase 8% of the 35.7 million ACIW market shares. ACIW predicted a fourth quarter loss of $10.4 million.
Guru Richard Aster Jr. bought 495,530 shares in the quarter ended 09/30, which is 0.3% of the $3.7 billion portfolio of Meridian Fund.
As of August, CEO and President, Director Philip G. Heasley bought a total of 40,877 shares between $16.95 and $27.76. Other insider buys were made between $16.94 and $26.09 by Director Jan Suwinski, who bought 10,000 shares, SVP & President of Global Operations Richard N. Launder, who bought 8,300 shares, Director John M. Shay Jr., who bought 2,000 shares, and Director John D. Curtis, who bought 1,000 shares.
ACI WORLDWIDE, INC. has a market cap of $716.35 million; its shares were traded at around $18.24 with P/E ratio of 351.40 and P/S ratio of 1.77.
United Community Banks Inc. (UCBI): President & CEO, Director Jimmy C. Tallent Bought 5,619 Shares
The retail bank United Community Banks, Inc. (UCBI) posted their third quarter diluted earnings increase of 10% to $0.46 and a revenue increase by 21% to $83.6 million. The company’s President and CEO Jimmy C. Tallent stated, “We are pleased to report solid year-over-year performance, especially as the slow down in the residential real estate market makes this a challenging time for community banks.”
President & CEO, Director Jimmy C. Tallent bought 5,619 shares of UCBI stock on 12/17 at $16.37. Since July, Tallent bought a total of 29,431 shares between $16.37 and $25.19. All other insider buys were made between $16.25 and $24.05 since July: Director Robert L. Head Jr. bought 25,000 shares, Director Tim Wallis bought 21,205 shares, Director W. C. Nelson Jr. bought 14,200 shares, Director A. William Bennett bought 548 shares, and finally Director Robert H. Blalock bought 412 shares.
United Community Banks Inc. has a market cap of $818.20 million; its shares were traded at around $16.99 with P/E ratio of 10.76 and P/S ratio of 2.73. The dividend yield of United Community Banks Inc. stocks is 2.1%.
