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Weekly Top Insider Buys: MVC, NCT, FCC

January 13, 2013 | About:

According to GuruFocus Insider Data, these are the largest insider buys during the past week: MVC Capital Inc. (NYSE:MVC), Newcastle Investment Corporation (NCT) and Franklin Covey Company (FCC).

The overall trend of insiders is illustrated in the chart below:

MVC Capital Inc. (NYSE:MVC): Director Gerald Hellerman Bought 1,537 Shares

Director of MVC Capital Inc. Gerald Hellerman bought 1,537 shares on 01/07/2013 at an average price of $2.23. MVC Capital Inc. is a business development company traded on the New York Stock Exchange, under the listing symbol MVC and is advised by The Tokarz Group Advisers LLC. MVC Capital Inc. has a market cap of $290.6 million; its shares were traded at around $12.37 with a P/E ratio of 22 and P/S ratio of 17.5. The dividend yield of MVC Capital Inc. stocks is 4.6%.

On Dec. 27, MVC Capital Inc. announced its financial results for the fourth quarter ended Oct. 31, 2012. Interest and dividend income was $5.1 million, compared with $2.9 million in fourth quarter fiscal year 2011. Fee and other income was $1 million, compared with $566,000 in fourth quarter fiscal year 2011. Net operating income was $3.6 million, compared to a loss of $4.1 million in fourth quarter fiscal year 2011.

This month, Director Gerald Hellerman and Managing Director Bruce W. Shewmaker bought shares of MVC stock. Chairman Michael T. Tokarz bought 82,500 shares in December, and Director Robert C. Knapp sold 100,000 shares this month.

Newcastle Investment Corporation (NCT): Secretary Randal A. Nardone Bought 106,950 Shares

Secretary of Newcastle Investment Corporation, Randal A. Nardone, bought 106,950 shares on 1/11/2013 at an average price of $9.76. Newcastle Investment Corp. was formed in June 2002 as a subsidiary of Newcastle Investment Holdings Corp. Newcastle Investment Corp has a market cap of $1.66 billion; its shares were traded at around $9.76 with a P/E ratio of 7.1 and P/S ratio of 4.9. The dividend yield of Newcastle Investment Corporation stocks is 10.7%.

Newcastle Investment Corporation recently reported results for the third quarter of 2012. Results can be found here.

This month, Secretary Randal A. Nardone and Director Wesley R. Edens bought shares of NCT stock. Secretary Randal A. Nardone bought 150,000 shares in July.

Franklin Covey Company (FC): Director Michael Fung Bought 3,815 Shares

Director of Franklin Covey Company, Michael Fung, bought 3,815 shares on 1/10/2013 at an average price of $3.08. Franklin Covey Co. was founded in 1983. The company is a global provider of training and consulting solutions with over 590 employees worldwide delivering principle-based curricula and effectiveness tools to its customers. Franklin Covey Company has a market cap of $236.7 million; its shares were traded at around $13.07 with a P/E ratio of 28.7 and P/S ratio of 1.3.

On Jan. 3, Franklin Covey Co. announced financial results for its fiscal first quarter ended Dec. 1, 2012. Net sales for the quarter ended Dec. 1, 2012, increased 11% to $44.1 million, all of which was organic growth, compared with $39.5 million in the first quarter of the prior year. Adjusted EBITDA for the quarter increased $0.7 million to $7.1 million, an 11% increase compared with $6.4 million in fiscal 2012. Net income improved by $1.2 million to $2.9 million, or $0.15 per diluted share, a 74% increase compared with $1.7 million, or $0.09 per diluted share, in the first quarter of fiscal 2012.

Director Michael Fung bought 3,815 shares of FC stock last week, and Director Robert H. Daines sold 2,000 shares of FC stock.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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