Weekly highlight of top insider buys. Related Companies: Sovereign Bancorp Inc. (SOV), Marchex Inc. (MCHX, Financial), TCF Financial Corp. (TCB, Financial), ev3 Inc. (EVVV, Financial), Perini Corp. (PCR, Financial).
Sovereign Bancorp Inc. (SOV): Director Ralph V. Whitworth Bought 4,536,648 Shares
Sovereign Bancorp Inc. (SOV) doubled their earnings in the first quarter, since they faced $128.7 million hefty restructuring expenses in 2007. The company net an income of $100.1 million or $0.20 a share compared to $48.1 million or $0.09 a share.
David Dreman kept his 6,764,408 shares and Arnold Schneider sold out his holdings.
Director of Sovereign Bancorp Inc. Ralph V. Whitworth bought 4,536,648 shares during the past week at $9.14. Since mid-May, Director Whitworth had purchased a total of 31,247,134 shares between $8 and $8.72. Other insider buys were made at $8 and $8.14: 10% Owner Santander, S.a. Banco bought 39,000,000 shares; CFO Kirk W. Walters bought 100,000 shares; Director Cameron C. Troilo bought 80,000 shares; Director William J. Moran bought 35,000 shares; Director P. Michael Ehlerman bought 15,000 shares; Directors Andrew C. Hove Jr. and Maria F. Ramirez each bought 10,000 shares.
Sovereign Bancorp Inc. has a market cap of $4.41 billion; its shares were traded at around $9.14 with P/S ratio of 2.42. The dividend yield of Sovereign Bancorp Inc. stocks is 3.6%.
Marchex Inc. (MCHX): Director Nicolas J. Hanauer Bought 264,600 Shares
Online ad company Marchex Inc. (MCHX) lost $1.2 million or $0.03 a share for the quarter compared to prior profit of $547,698 or $0.01 a share. Revenue rose 8% to $37 million from $22.3 million.
Director of Marchex Inc. Nicolas J. Hanauer bought 264,600 shares during the past week at $13.22. Director Nicolas J. Hanauer bought a total of 560,600 shares since February at $8.38 to $12.94. 10% Owner Investment Partners Lp Par bought a total of 550,800 shares between $7.69 and $8.28.
CEO, Director, and 10% Owner Russell C. Horowitz sold a total of 195,000 shares between $7.95 and $10.50 since December.
Marchex Inc. has a market cap of $540.21 million; its shares were traded at around $13.22 with P/S ratio of 3.66. The dividend yield of Marchex Inc. stocks is 0.6%.
TCF Financial Corp. (TCB): Director William Allen Cooper Bought 125,000 Shares
TCF Financial Corp. (TCB) reported lower earnings for the first quarter of 2008, on one time gain in 2007. The holding company made a net income of $47.4 million or $0.38 a share compared to last year’s $82.7 million or $0.65 a share. Provisions for loan losses totaled $30 million for the quarter, compared to $4.7 million in 2007.
Chris Davis, Irving Kahn, and Ruane Cunniff all own shares in TCF Financial Corp.
Director William Allen Cooper bought 125,000 shares on 5/28/08 at $16.07; Director William F. Bieber bought 57,800 shares on 12/21/07 at $17.27; and Director Rodney P. Burwell bought 55,000 shares on 12/21/07 at $17.36.
Director Thomas A. Cusick sold 50,000 shares on 2/1/08 at $21.62; Director George G. Johnson sold 4,404 shares on 12/21/07 at $17.72; and President Robert H. Scott sold 5,000 shares on 12/20/07 at $17.19.
TCF Financial Corp. has a market cap of $1.94 billion; its shares were traded at around $16.52 with a P/E ratio of 8.29 and P/S ratio of 2.01. The dividend yield of TCF Financial Corp. stocks is 6%.
ev3 Inc. (EVVV): Director Richard B. Emmitt Bought 108,800 Shares
ev3, Inc. (EVVV) develops and markets stents, micro-catheters and similar vascular disease solutions. Ev3 reported a 65% increase in revenue to $101.3 million; however, the medical device company’s quarterly loss rose on operating and integration expenses with FoxHollow Technologies, Inc. Ev3 lost a total of $9.8 million or $0.09 a share (number of shares doubled) compared to $9.5 million or $$0.17 a share. Ev3 shares have tumbled to a recent low. The company’s CEO James Corbett recently resigned.
George Soros bought 33,574 shares in the quarter that ended on 3/31/08.
Director of ev3 Inc. Richard B. Emmitt bought 108,800 shares during the past week at $9.95. Since May, Director Emmitt has purchased a total of 282,800 shares at $9.10 to $9.77.
ev3 Inc. has a market cap of $1.07 billion; its shares were traded at around $9.95 with P/S ratio of 3.31.
Perini Corp. (PCR): Director Michael R. Klein Bought 25,000 Shares
Perini Corporation (PCR), construction management and contractor, announced 11% higher profits on solid business for the quarter. The company made an income of $25.2 million or $0.91 a share compared to $22.7 million or $0.84 a share. Quarterly revenue rose 27% to $1.26 billion from $9.9 million.
Directors Michael R. Klein and Willard Woodson Brittain Jr. bought 25,000 shares and 2,000 shares, respectively at $40 a share in late-May.
Chairman & CEO Craig W. Shaw sold 20,000 shares on 1/2/08 at $40.83.
Perini Corp. has a market cap of $1.06 billion; its shares were traded at around $38.49 with a P/E ratio of 10.84 and P/S ratio of 0.21.
Sovereign Bancorp Inc. (SOV): Director Ralph V. Whitworth Bought 4,536,648 Shares
Sovereign Bancorp Inc. (SOV) doubled their earnings in the first quarter, since they faced $128.7 million hefty restructuring expenses in 2007. The company net an income of $100.1 million or $0.20 a share compared to $48.1 million or $0.09 a share.
David Dreman kept his 6,764,408 shares and Arnold Schneider sold out his holdings.
Director of Sovereign Bancorp Inc. Ralph V. Whitworth bought 4,536,648 shares during the past week at $9.14. Since mid-May, Director Whitworth had purchased a total of 31,247,134 shares between $8 and $8.72. Other insider buys were made at $8 and $8.14: 10% Owner Santander, S.a. Banco bought 39,000,000 shares; CFO Kirk W. Walters bought 100,000 shares; Director Cameron C. Troilo bought 80,000 shares; Director William J. Moran bought 35,000 shares; Director P. Michael Ehlerman bought 15,000 shares; Directors Andrew C. Hove Jr. and Maria F. Ramirez each bought 10,000 shares.
Sovereign Bancorp Inc. has a market cap of $4.41 billion; its shares were traded at around $9.14 with P/S ratio of 2.42. The dividend yield of Sovereign Bancorp Inc. stocks is 3.6%.
Marchex Inc. (MCHX): Director Nicolas J. Hanauer Bought 264,600 Shares
Online ad company Marchex Inc. (MCHX) lost $1.2 million or $0.03 a share for the quarter compared to prior profit of $547,698 or $0.01 a share. Revenue rose 8% to $37 million from $22.3 million.
Director of Marchex Inc. Nicolas J. Hanauer bought 264,600 shares during the past week at $13.22. Director Nicolas J. Hanauer bought a total of 560,600 shares since February at $8.38 to $12.94. 10% Owner Investment Partners Lp Par bought a total of 550,800 shares between $7.69 and $8.28.
CEO, Director, and 10% Owner Russell C. Horowitz sold a total of 195,000 shares between $7.95 and $10.50 since December.
Marchex Inc. has a market cap of $540.21 million; its shares were traded at around $13.22 with P/S ratio of 3.66. The dividend yield of Marchex Inc. stocks is 0.6%.
TCF Financial Corp. (TCB): Director William Allen Cooper Bought 125,000 Shares
TCF Financial Corp. (TCB) reported lower earnings for the first quarter of 2008, on one time gain in 2007. The holding company made a net income of $47.4 million or $0.38 a share compared to last year’s $82.7 million or $0.65 a share. Provisions for loan losses totaled $30 million for the quarter, compared to $4.7 million in 2007.
Chris Davis, Irving Kahn, and Ruane Cunniff all own shares in TCF Financial Corp.
Director William Allen Cooper bought 125,000 shares on 5/28/08 at $16.07; Director William F. Bieber bought 57,800 shares on 12/21/07 at $17.27; and Director Rodney P. Burwell bought 55,000 shares on 12/21/07 at $17.36.
Director Thomas A. Cusick sold 50,000 shares on 2/1/08 at $21.62; Director George G. Johnson sold 4,404 shares on 12/21/07 at $17.72; and President Robert H. Scott sold 5,000 shares on 12/20/07 at $17.19.
TCF Financial Corp. has a market cap of $1.94 billion; its shares were traded at around $16.52 with a P/E ratio of 8.29 and P/S ratio of 2.01. The dividend yield of TCF Financial Corp. stocks is 6%.
ev3 Inc. (EVVV): Director Richard B. Emmitt Bought 108,800 Shares
ev3, Inc. (EVVV) develops and markets stents, micro-catheters and similar vascular disease solutions. Ev3 reported a 65% increase in revenue to $101.3 million; however, the medical device company’s quarterly loss rose on operating and integration expenses with FoxHollow Technologies, Inc. Ev3 lost a total of $9.8 million or $0.09 a share (number of shares doubled) compared to $9.5 million or $$0.17 a share. Ev3 shares have tumbled to a recent low. The company’s CEO James Corbett recently resigned.
George Soros bought 33,574 shares in the quarter that ended on 3/31/08.
Director of ev3 Inc. Richard B. Emmitt bought 108,800 shares during the past week at $9.95. Since May, Director Emmitt has purchased a total of 282,800 shares at $9.10 to $9.77.
ev3 Inc. has a market cap of $1.07 billion; its shares were traded at around $9.95 with P/S ratio of 3.31.
Perini Corp. (PCR): Director Michael R. Klein Bought 25,000 Shares
Perini Corporation (PCR), construction management and contractor, announced 11% higher profits on solid business for the quarter. The company made an income of $25.2 million or $0.91 a share compared to $22.7 million or $0.84 a share. Quarterly revenue rose 27% to $1.26 billion from $9.9 million.
Directors Michael R. Klein and Willard Woodson Brittain Jr. bought 25,000 shares and 2,000 shares, respectively at $40 a share in late-May.
Chairman & CEO Craig W. Shaw sold 20,000 shares on 1/2/08 at $40.83.
Perini Corp. has a market cap of $1.06 billion; its shares were traded at around $38.49 with a P/E ratio of 10.84 and P/S ratio of 0.21.
