Weekly CEO Buys Highlight: GFI Group Inc, VeriFone Holdings Inc, L1 Identity Solutions Inc, Endo Pharmaceuticals Holdings Inc.
Last week's top stocks that were bought by their CEOs were GFI Group Inc, VeriFone Holdings Inc, L1 Identity Solutions Inc, and Endo Pharmaceuticals Holdings Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
GFI Group Inc. (GFIG, Financial): Chairman and CEO, 10% Owner Michael Gooch Bought 500,000 Shares
Chairman and CEO, 10% Owner of GFI Group Inc. (GFIG) Michael Gooch bought 500,000 shares on 03/11/2009 at an average price of $3.12. GFI Group is a leading inter-dealer broker specializing in over-the- counter derivatives products and related securities. GFI Group Inc. provides brokerage services market data and analytics software products to institutional clients in markets for a range of credit financial equity and commodity instruments. It has a market cap of $369.2 million; its shares were traded at around $3.12 with a P/E ratio of 4 and P/S ratio of 0.4. The dividend yield of GFI Group Inc. stocks is 6.5%.
GFIG recently reported its fourth quarter and full year 2008 results. Total revenues for the quarter were $196.2 million. Non-GAAP revenues were $210.9 million. Michael Gooch, Chairman and Chief Executive Officer of GFI, commented: “While market volatility normally benefits GFI, the extreme market volatility and dislocation that followed the Lehman Brothers bankruptcy in September severely impacted trading conditions in our derivative markets in the fourth quarter. This period was marked by tight credit conditions, far-reaching government intervention in global banks, and contraction and deleveraging by dealers and hedge funds. Substantial declines in share prices and asset and index values reduced GFI’s revenues in certain European products where our commissions are based on notional values rather than volumes. Additionally, we reduced the number of our brokerage desks and personnel in the fourth quarter due to the restructuring initiative announced in October. As a result of these and other factors, we saw reduced trading across many of our asset classes, especially in November and December. Our results were also affected by unfavorable foreign currency exchange rates. In total, our brokerage revenues in the fourth quarter of 2008 were 19% lower than the fourth quarter of 2007, although full year 2008 brokerage revenues rose 3% over 2007.”
Buy: 10% Owner Jersey Partners Inc. bought 500,000 shares of GFIG stock on 03/11/2009 at the average price of $2.9; the price of the stock has increased by 7.59% since.
VeriFone Holdings Inc. (PAY, Financial): CEO Douglas Bergeron Bought 296,500 Shares
CEO of VeriFone Holdings Inc. (PAY) Douglas Bergeron bought 296,500 shares on 03/10/2009 at an average price of $5.33. Verifone Holdings Inc. a global leader in secure electronic payment technologies. The company has a market cap of $449.9 million; its shares were traded at around $5.33 with a P/E ratio of 14.4 and P/S ratio of 0.6.
Verifone recently reported its first quarter 2009 results. The company said that its net revenues for the three months that ended January 31, 2009 were $214.0 million. This number was 15% higher than the net revenues of $185.5 million for the comparable period of 2008. Non-GAAP Net income, for the three months ended January 31, 2009, was $0.17 per diluted share, compared to $0.04 per diluted share in the three months that ended on January 31, 2008.
Buy: CFO Robert R B Dykes bought 129,082 shares of PAY stock on 12/19/2008 at the average price of $5.42; the price of the stock has decreased by 1.66% since.
L1 Identity Solutions Inc. (ID, Financial): Chairman, President & CEO, 10% Owner Robert V Lapenta Bought 279,200 Shares
Chairman, President & CEO, 10% Owner of L1 Identity Solutions Inc. (ID) Robert V Lapenta bought 279,200 shares on 03/12/2009 at an average price of $4.93. L1 Identity Solutions Inc. is a provider of technology, products, systems and solutions, and services that protect and secure personal identities and assets. The company has a market cap of $426.3 million; its shares were traded at around $4.93 with and P/S ratio of 0.8.
Jean-Marie Eveillard owns 1,884,377 shares as of 12/31/2008, which accounts for 0.17% of the $7.54 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Ron Baron sold out his holdings in the quarter that ended on 12/31/2008.
Buy: Director Denis K Berube bought 1,000 shares of ID stock on 03/06/2009 at the average price of $3.56; the price of the stock has increased by 38.48% since.
Endo Pharmaceuticals Holdings Inc. (ENDP, Financial): President & CEO David Holveck Bought 28,964 Shares
President & CEO of Endo Pharmaceuticals Holdings Inc. (ENDP) David Holveck bought 28,964 shares on 03/10/2009 at an average price of $17.05. Endo Pharmaceuticals Holdings Inc. is engaged in the research development sales and marketing of branded and generic prescription pharmaceuticals used primarily for the treatment and management of pain. It has a market cap of $1.99 billion; its shares were traded at around $17.05 with a P/E ratio of 7.3 and P/S ratio of 1.5. Endo Pharmaceuticals Holdings Inc. had an annual average earning growth of 25.5% over the past 5 years.
Endo Pharmaceuticals recently reported its fourth quarter and full year 2008 results. The company reported double-digit percentage growth in net sales and adjusted diluted earnings per share for the fourth quarter and full year ended December 31, 2008. Net sales for the three months ended December 31, 2008 increased 14% to $347.3 million, compared with $304.6 million in the fourth quarter of 2007. Net income for the three months ended December 31, 2008 was $74.9 million compared with $50.6 million in the comparable 2007 period.
Carl Icahn owns 1,506,080 shares as of 12/31/2008, an increase of 88.26% from the previous quarter. This position accounts for 1.39% of the $2.8 billion portfolio of Icahn Capital Management LP.
Sell: E. Shaw Valence Portfolios, D. sold 1,521,230 shares of ENDP stock on 03/09/2009 at the average price of $16.9; the price of the stock has increased by 0.89% since.
Last week's top stocks that were bought by their CEOs were GFI Group Inc, VeriFone Holdings Inc, L1 Identity Solutions Inc, and Endo Pharmaceuticals Holdings Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
GFI Group Inc. (GFIG, Financial): Chairman and CEO, 10% Owner Michael Gooch Bought 500,000 Shares
Chairman and CEO, 10% Owner of GFI Group Inc. (GFIG) Michael Gooch bought 500,000 shares on 03/11/2009 at an average price of $3.12. GFI Group is a leading inter-dealer broker specializing in over-the- counter derivatives products and related securities. GFI Group Inc. provides brokerage services market data and analytics software products to institutional clients in markets for a range of credit financial equity and commodity instruments. It has a market cap of $369.2 million; its shares were traded at around $3.12 with a P/E ratio of 4 and P/S ratio of 0.4. The dividend yield of GFI Group Inc. stocks is 6.5%.
GFIG recently reported its fourth quarter and full year 2008 results. Total revenues for the quarter were $196.2 million. Non-GAAP revenues were $210.9 million. Michael Gooch, Chairman and Chief Executive Officer of GFI, commented: “While market volatility normally benefits GFI, the extreme market volatility and dislocation that followed the Lehman Brothers bankruptcy in September severely impacted trading conditions in our derivative markets in the fourth quarter. This period was marked by tight credit conditions, far-reaching government intervention in global banks, and contraction and deleveraging by dealers and hedge funds. Substantial declines in share prices and asset and index values reduced GFI’s revenues in certain European products where our commissions are based on notional values rather than volumes. Additionally, we reduced the number of our brokerage desks and personnel in the fourth quarter due to the restructuring initiative announced in October. As a result of these and other factors, we saw reduced trading across many of our asset classes, especially in November and December. Our results were also affected by unfavorable foreign currency exchange rates. In total, our brokerage revenues in the fourth quarter of 2008 were 19% lower than the fourth quarter of 2007, although full year 2008 brokerage revenues rose 3% over 2007.”
Buy: 10% Owner Jersey Partners Inc. bought 500,000 shares of GFIG stock on 03/11/2009 at the average price of $2.9; the price of the stock has increased by 7.59% since.
VeriFone Holdings Inc. (PAY, Financial): CEO Douglas Bergeron Bought 296,500 Shares
CEO of VeriFone Holdings Inc. (PAY) Douglas Bergeron bought 296,500 shares on 03/10/2009 at an average price of $5.33. Verifone Holdings Inc. a global leader in secure electronic payment technologies. The company has a market cap of $449.9 million; its shares were traded at around $5.33 with a P/E ratio of 14.4 and P/S ratio of 0.6.
Verifone recently reported its first quarter 2009 results. The company said that its net revenues for the three months that ended January 31, 2009 were $214.0 million. This number was 15% higher than the net revenues of $185.5 million for the comparable period of 2008. Non-GAAP Net income, for the three months ended January 31, 2009, was $0.17 per diluted share, compared to $0.04 per diluted share in the three months that ended on January 31, 2008.
Buy: CFO Robert R B Dykes bought 129,082 shares of PAY stock on 12/19/2008 at the average price of $5.42; the price of the stock has decreased by 1.66% since.
L1 Identity Solutions Inc. (ID, Financial): Chairman, President & CEO, 10% Owner Robert V Lapenta Bought 279,200 Shares
Chairman, President & CEO, 10% Owner of L1 Identity Solutions Inc. (ID) Robert V Lapenta bought 279,200 shares on 03/12/2009 at an average price of $4.93. L1 Identity Solutions Inc. is a provider of technology, products, systems and solutions, and services that protect and secure personal identities and assets. The company has a market cap of $426.3 million; its shares were traded at around $4.93 with and P/S ratio of 0.8.
Jean-Marie Eveillard owns 1,884,377 shares as of 12/31/2008, which accounts for 0.17% of the $7.54 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Ron Baron sold out his holdings in the quarter that ended on 12/31/2008.
Buy: Director Denis K Berube bought 1,000 shares of ID stock on 03/06/2009 at the average price of $3.56; the price of the stock has increased by 38.48% since.
Endo Pharmaceuticals Holdings Inc. (ENDP, Financial): President & CEO David Holveck Bought 28,964 Shares
President & CEO of Endo Pharmaceuticals Holdings Inc. (ENDP) David Holveck bought 28,964 shares on 03/10/2009 at an average price of $17.05. Endo Pharmaceuticals Holdings Inc. is engaged in the research development sales and marketing of branded and generic prescription pharmaceuticals used primarily for the treatment and management of pain. It has a market cap of $1.99 billion; its shares were traded at around $17.05 with a P/E ratio of 7.3 and P/S ratio of 1.5. Endo Pharmaceuticals Holdings Inc. had an annual average earning growth of 25.5% over the past 5 years.
Endo Pharmaceuticals recently reported its fourth quarter and full year 2008 results. The company reported double-digit percentage growth in net sales and adjusted diluted earnings per share for the fourth quarter and full year ended December 31, 2008. Net sales for the three months ended December 31, 2008 increased 14% to $347.3 million, compared with $304.6 million in the fourth quarter of 2007. Net income for the three months ended December 31, 2008 was $74.9 million compared with $50.6 million in the comparable 2007 period.
Carl Icahn owns 1,506,080 shares as of 12/31/2008, an increase of 88.26% from the previous quarter. This position accounts for 1.39% of the $2.8 billion portfolio of Icahn Capital Management LP.
Sell: E. Shaw Valence Portfolios, D. sold 1,521,230 shares of ENDP stock on 03/09/2009 at the average price of $16.9; the price of the stock has increased by 0.89% since.
