Highlight of the top CEO Buys companies for the week: Consolidated Graphics Inc, Delphi Financial Group Inc, Inverness Medical Innovations Inc, Ashland Inc, and Tetra Technologies Inc.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Consolidated Graphics Inc. (CGX, Financial): CEO / Chairman of the Board, Director, 10% Owner Joe R Davis Bought 221,800 Shares
CEO / Chairman of the Board, Director, 10% Owner of Consolidated Graphics Inc. (CGX) Joe R Davis bought 221,800 shares on 11/21/2008 at an average price of $14.37. Consolidated Graphics provides general commercial printing services. The company has a market cap of $160.18 million; its shares were traded at around $14.37 with a P/E ratio of 3.19 and P/S ratio of 0.14. Consolidated Graphics Inc. had an annual average earning growth of 7% over the past 10 years.
Consolidated Graphics Inc. recently reported its 3 rd quarter results for 2008. The company announced that same store sales were up 1% compared to the same period last year. Quarterly revenue was about $297 million, up 14% year-over-year. Revenue increased due to acquisitions. Operating income was $21.3 million. Joe R. Davis, Chairman and CEO of the company said, "We are very pleased with the record revenues generated during the September quarter and our earnings per share considering the challenging business conditions we are facing. Despite these conditions, we are continuing to provide top-notch service to our customers. I believe we have the best group of companies and employees in the industry."
CFO & CAO Jon C Biro bought 5,000 shares of CGX stock on 11/14/2008 at the average price of $10.87; the price of the stock has increased by 32.2% since.
Delphi Financial Group Inc. (DFG, Financial): Chairman & CEO, Director, 10% Owner Robert Rosenkranz Bought 200,000 Shares
Chairman & CEO, Director, 10% Owner of Delphi Financial Group Inc. (DFG) Robert Rosenkranz bought 200,000 shares on 11/21/2008 at an average price of $12.1. Delphi Financial Group Inc. is a holding company whose subsidiaries provide integrated employee benefit services. The company has a market cap of $567.96 million with a P/E ratio of 7.54 and P/S ratio of 0.36. The dividend yield of Delphi Financial Group Inc. stocks is 4.87%. Delphi Financial Group Inc. had an annual average earning growth of 8.9% over the past 10 years.
Delphi Financial recently reported its 3 rd quarter results for the year. Operating earnings were 26 cents per share, compared to 81 cents per share a year ago. The company also reported a net loss of 20 cents per share.
John Keeley bought 14,000 shares in the quarter that ended on 09/30/2008 , which is less than 0.01% of the $9.04 billion portfolio of Keeley Fund Management. Richard Pzena owns 1,136,224 shares as of 09/30/2008 , an increase of 40.75% from the previous quarter. This position accounts for 0.24% of the $13.21 billion portfolio of Pzena Investment Management LLC.
President & COO, Director Donald A Sherman bought 109,600 shares of DFG stock on 11/21/2008 at the average price of $7.88; the price of the stock has increased by 53.55% since.
Inverness Medical Innovations Inc (IMA, Financial): Chairman, CEO & President, Director Ron Zwanziger Bought 64,000 Shares
Chairman, CEO & President, Director of Inverness Medical Innovations Inc (IMA) Ron Zwanziger bought 64,000 shares on 11/24/2008 at an average price of $17.57. Inverness Medical Innovations manufactures and sells products for the women's health market and is engaged in the business of developing acquiring manufacturing and marketing advanced medical device technologies. The Company has a market cap of $1.37 billion; its shares were traded at around $17.57 with a P/S ratio of 0.89.
Inverness Medical Innovations Inc. recently reported its 3 rd quarter results. The company announced that net revenue was $438.8 million, compared to $237.6 million a year ago. The company announced a net loss of 12 cents per share, compared to a net loss of $3.74 per share in the third quarter of 2007.
One guru currently owns Inverness Medical Innovations Inc. Ron Baron owns 1,000,000 shares as of 09/30/2008 , an increase of 42.86% from the previous quarter. This position accounts for 0.19% of the $15.41 billion portfolio of Baron Funds.
Director Robert P Khederian bought 5,000 shares of IMA stock on 06/05/2008 at the average price of $38.56; the price of the stock has decreased by 54.43% since.
Ashland Inc. (ASH, Financial): CEO James J Obrien Bought 100,000 Shares
CEO of Ashland Inc. (ASH) James J Obrien bought 100,000 shares on 11/25/2008 at an average price of $9.55. Ashland Inc. is engaged in the business of providing products services and customer solutions throughout the world. The company has a market cap of $601.65 million; its shares were traded at around $9.55 with a P/E ratio of 3.66 and P/S ratio of 0.07. The dividend yield of Ashland Inc. stocks is 10.09%. Ashland Inc. had an annual average earning growth of 16.5% over the past 10 years.
ASH recently plunged to a 24-year low after the company announced that they slashed their dividend by 73%. The company plunged to a level that it was at around 1984. The company will now pay a dividend of 7.5 cents per share, compared to a dividend of 27.5 cents per share in the previous period. The company cut its dividend because it says that it needs to save cash and raise its financial flexibility.
HOTCHKIS & WILEY bought 1,435,600 shares in the quarter that ended on 09/30/2008 , which is 0.28% of the $15.02 billion portfolio of HOTCHKIS & WILEY Capital Management. LLC. John Keeley owns 2,027,065 shares as of 09/30/2008 , an increase of 678.59% from the previous quarter. This position accounts for 0.66% of the $9.04 billion portfolio of Keeley Fund Management.
Director Bernadine Healy bought 1,000 shares of ASH stock on 11/26/2008 at the average price of $9.09; the price of the stock has increased by 5.06% since.
Tetra Technologies Inc. (TTI, Financial): President & CEO, Director Geoffrey M Hertel Bought 150,000 Shares
President & CEO, Director of Tetra Technologies Inc. (TTI) Geoffrey M Hertel bought 150,000 shares on 11/25/2008 at an average price of $4.82. TETRA Technologies Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets as well as other markets. It has a market cap of $361.60 million; its shares were traded at around $4.82 with a P/E ratio of 12.55 and P/S ratio of 0.37. Tetra Technologies Inc. had an annual average earning growth of 12% over the past 10 years.
Tetra Technologies recently reported 3 rd quarter earnings of 16 cents per share, compared to 4 cents per share a year ago. Consolidated revenue was $249 million, compared to about $239 million a year ago. Gross profit was $43.7 million, compared to $35.7 million in the third quarter of 2007. Net income also rose about $8 million, more than tripling its net income from 2007.
Richard Aster Jr owns 815,300 shares as of 09/30/2008 , an increase of 33.44% from the previous quarter. This position accounts for 0.43% of the $2.63 billion portfolio of Meridian Fund. Ron Baron owns 1,167,000 shares as of 09/30/2008 , which accounts for 0.1% of the $15.41 billion portfolio of Baron Funds.
General Counsel & Secretary Bass C Jr Wallace bought 26,005 shares of TTI stock on 11/25/2008 at the average price of $4.23; the price of the stock has increased by 13.95% since.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Consolidated Graphics Inc. (CGX, Financial): CEO / Chairman of the Board, Director, 10% Owner Joe R Davis Bought 221,800 Shares
CEO / Chairman of the Board, Director, 10% Owner of Consolidated Graphics Inc. (CGX) Joe R Davis bought 221,800 shares on 11/21/2008 at an average price of $14.37. Consolidated Graphics provides general commercial printing services. The company has a market cap of $160.18 million; its shares were traded at around $14.37 with a P/E ratio of 3.19 and P/S ratio of 0.14. Consolidated Graphics Inc. had an annual average earning growth of 7% over the past 10 years.
Consolidated Graphics Inc. recently reported its 3 rd quarter results for 2008. The company announced that same store sales were up 1% compared to the same period last year. Quarterly revenue was about $297 million, up 14% year-over-year. Revenue increased due to acquisitions. Operating income was $21.3 million. Joe R. Davis, Chairman and CEO of the company said, "We are very pleased with the record revenues generated during the September quarter and our earnings per share considering the challenging business conditions we are facing. Despite these conditions, we are continuing to provide top-notch service to our customers. I believe we have the best group of companies and employees in the industry."
CFO & CAO Jon C Biro bought 5,000 shares of CGX stock on 11/14/2008 at the average price of $10.87; the price of the stock has increased by 32.2% since.
Delphi Financial Group Inc. (DFG, Financial): Chairman & CEO, Director, 10% Owner Robert Rosenkranz Bought 200,000 Shares
Chairman & CEO, Director, 10% Owner of Delphi Financial Group Inc. (DFG) Robert Rosenkranz bought 200,000 shares on 11/21/2008 at an average price of $12.1. Delphi Financial Group Inc. is a holding company whose subsidiaries provide integrated employee benefit services. The company has a market cap of $567.96 million with a P/E ratio of 7.54 and P/S ratio of 0.36. The dividend yield of Delphi Financial Group Inc. stocks is 4.87%. Delphi Financial Group Inc. had an annual average earning growth of 8.9% over the past 10 years.
Delphi Financial recently reported its 3 rd quarter results for the year. Operating earnings were 26 cents per share, compared to 81 cents per share a year ago. The company also reported a net loss of 20 cents per share.
John Keeley bought 14,000 shares in the quarter that ended on 09/30/2008 , which is less than 0.01% of the $9.04 billion portfolio of Keeley Fund Management. Richard Pzena owns 1,136,224 shares as of 09/30/2008 , an increase of 40.75% from the previous quarter. This position accounts for 0.24% of the $13.21 billion portfolio of Pzena Investment Management LLC.
President & COO, Director Donald A Sherman bought 109,600 shares of DFG stock on 11/21/2008 at the average price of $7.88; the price of the stock has increased by 53.55% since.
Inverness Medical Innovations Inc (IMA, Financial): Chairman, CEO & President, Director Ron Zwanziger Bought 64,000 Shares
Chairman, CEO & President, Director of Inverness Medical Innovations Inc (IMA) Ron Zwanziger bought 64,000 shares on 11/24/2008 at an average price of $17.57. Inverness Medical Innovations manufactures and sells products for the women's health market and is engaged in the business of developing acquiring manufacturing and marketing advanced medical device technologies. The Company has a market cap of $1.37 billion; its shares were traded at around $17.57 with a P/S ratio of 0.89.
Inverness Medical Innovations Inc. recently reported its 3 rd quarter results. The company announced that net revenue was $438.8 million, compared to $237.6 million a year ago. The company announced a net loss of 12 cents per share, compared to a net loss of $3.74 per share in the third quarter of 2007.
One guru currently owns Inverness Medical Innovations Inc. Ron Baron owns 1,000,000 shares as of 09/30/2008 , an increase of 42.86% from the previous quarter. This position accounts for 0.19% of the $15.41 billion portfolio of Baron Funds.
Director Robert P Khederian bought 5,000 shares of IMA stock on 06/05/2008 at the average price of $38.56; the price of the stock has decreased by 54.43% since.
Ashland Inc. (ASH, Financial): CEO James J Obrien Bought 100,000 Shares
CEO of Ashland Inc. (ASH) James J Obrien bought 100,000 shares on 11/25/2008 at an average price of $9.55. Ashland Inc. is engaged in the business of providing products services and customer solutions throughout the world. The company has a market cap of $601.65 million; its shares were traded at around $9.55 with a P/E ratio of 3.66 and P/S ratio of 0.07. The dividend yield of Ashland Inc. stocks is 10.09%. Ashland Inc. had an annual average earning growth of 16.5% over the past 10 years.
ASH recently plunged to a 24-year low after the company announced that they slashed their dividend by 73%. The company plunged to a level that it was at around 1984. The company will now pay a dividend of 7.5 cents per share, compared to a dividend of 27.5 cents per share in the previous period. The company cut its dividend because it says that it needs to save cash and raise its financial flexibility.
HOTCHKIS & WILEY bought 1,435,600 shares in the quarter that ended on 09/30/2008 , which is 0.28% of the $15.02 billion portfolio of HOTCHKIS & WILEY Capital Management. LLC. John Keeley owns 2,027,065 shares as of 09/30/2008 , an increase of 678.59% from the previous quarter. This position accounts for 0.66% of the $9.04 billion portfolio of Keeley Fund Management.
Director Bernadine Healy bought 1,000 shares of ASH stock on 11/26/2008 at the average price of $9.09; the price of the stock has increased by 5.06% since.
Tetra Technologies Inc. (TTI, Financial): President & CEO, Director Geoffrey M Hertel Bought 150,000 Shares
President & CEO, Director of Tetra Technologies Inc. (TTI) Geoffrey M Hertel bought 150,000 shares on 11/25/2008 at an average price of $4.82. TETRA Technologies Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets as well as other markets. It has a market cap of $361.60 million; its shares were traded at around $4.82 with a P/E ratio of 12.55 and P/S ratio of 0.37. Tetra Technologies Inc. had an annual average earning growth of 12% over the past 10 years.
Tetra Technologies recently reported 3 rd quarter earnings of 16 cents per share, compared to 4 cents per share a year ago. Consolidated revenue was $249 million, compared to about $239 million a year ago. Gross profit was $43.7 million, compared to $35.7 million in the third quarter of 2007. Net income also rose about $8 million, more than tripling its net income from 2007.
Richard Aster Jr owns 815,300 shares as of 09/30/2008 , an increase of 33.44% from the previous quarter. This position accounts for 0.43% of the $2.63 billion portfolio of Meridian Fund. Ron Baron owns 1,167,000 shares as of 09/30/2008 , which accounts for 0.1% of the $15.41 billion portfolio of Baron Funds.
General Counsel & Secretary Bass C Jr Wallace bought 26,005 shares of TTI stock on 11/25/2008 at the average price of $4.23; the price of the stock has increased by 13.95% since.
