Weekly Top Insider Buys: Halliburton Company, Regions Financial Corp., General American Investors Company Inc., marten Transport Ltd., and S&T Bancorp Inc.

Weekly Top Insider Buys

Author's Avatar
Jul 25, 2009
Weekly highlight of top insider buys: Halliburton Company (HAL, Financial), Regions Financial Corp. (RF, Financial), General American Investors Company Inc. (GAM, Financial), Marten Transport Ltd. (MRTN, Financial), and S&T Bancorp Inc. (STBA, Financial)

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

Halliburton Company (HAL): Director Nance K Dicciani Bought 5,000 Shares

Director of Halliburton Company, Nance K Dicciani, bought 5,000 shares on 7/23/2009 at an average price of $23.48.Halliburton Company provides a variety of services, equipment, maintenance, engineering, and construction to energy, industrial, and governmental customers. The company is made up of the following three business segments: Energy Services, Group Engineering, and Construction Group and Dresser Equipment Group. Halliburton Company has a market cap of $21.06 billion; its shares were traded at around $23.48 with a P/E ratio of 8.6 and P/S ratio of 1.1. The dividend yield of Halliburton Company stocks is 1.5%. Halliburton Company had an annual average earning growth of 58.3% over the past 5 years.

On July 20, Halliburton Company reported net income for the second quarter of 2009 to be $262 million, compared to net income for the second quarter of 2008 of $504 million. Halliburton's consolidated revenue in the second quarter of 2009 was $3.5 billion, compared to $3.9 billion in the first quarter of 2009.Ă‚

Halliburton Company is currently in the portfolios of T Boone Pickens, John Keeley, Dodge & Cox, Richard Snow, and NWQ Managers

Last week, Buy: Director Nance K Dicciani bought 5,000 shares of HAL stock and the price of the stock increased by 2.18%. Buy: Director James R Boyd bought 2,000 shares in February; the price has increased over 40%.

Regions Financial Corp. (RF): Executive Council Irene M Esteves Bought 15,000 Shares

Executive Council of Regions Financial Corp., Irene M Esteves, bought 15,000 shares on 7/23/2009 at an average price of $3.69.

Regions Financial Corporation is a regional bank holding company and has banking-related subsidiaries engaged in mortgage, banking, credit, life insurance, leasing, and securities brokerage activities with offices in various Southeastern states. The company offers a broad range of banking and banking-related services. Regions Financial Corp. has a market cap of $2.56 billion; its shares were traded at around $3.69 with a P/E ratio of 16 and P/S ratio of 0.3. The dividend yield of Regions Financial Corp. stocks is 1.1%. Regions Financial Corp. had an annual average earning growth of 1.2% over the past 10 years.

On July 21, Regions Financial Corp. announced results for the quarter ended June 30, 2009. Net interest income rose by 3 percent as net interest margin stabilized at 2.62 percent. Non-interest revenues increased 12 percent versus the prior quarter

Regions Financial Corp. is owned by Hotchkis & Wiley and Charles Brandes. Richard Aster Jr recently sold out his holdings of Regions Financial Corp.

In February, Buy: Chairman, President, and CEO, Director C Dowd Ritter bought 100,000 shares of RF stock; the price has increased by 26.8% since. A few directors have bought shares last week, and two directors bought shares in March.

General American Investors Company Inc. (GAM): Director Daniel Neidich Bought 4,200 Shares

Director of General American Investors Company Inc., Daniel Neidich, bought 4,200 shares on 7/21/2009 at an average price of $20.55.

General American Investors Company Inc. is a closed-end diversified management investment company whose objective is long-term capital appreciation through investment in companies with above average growth potential. General American Investors Company Inc. has a market cap of $657.3 million; its shares were traded at around $20.55 . The dividend yield of General American Investors Company Inc. stocks is 0.9%.

On Apr. 28, General American Investors Company, Inc. reported net assets applicable to the company’s common stock as of March 31, 2009 of $598,882,291 as compared with net assets applicable to its common stock of $674,597,801 at December 31, 2008.

Buy: President & CEO Spencer Davidson and Buy: Trustee/President & CEO - GAM Fbo Altschul Charles Uad Trust both bought shares of GAM in May; the price has gone up more than 15%. Buy: Director Daniel Neidich bought 4,200 shares last week.

Marten Transport Ltd. (MRTN): Director G Larry Owens Bought 2,500 Shares

Director of Marten Transport Ltd., G Larry Owens, bought 2,500 shares on 7/23/2009 at an average price of $17.42.

Marten Transport Ltd. is a long-haul truckload carrier that provides protective service and time- sensitive transportation. Protective service transportation is temperature controlled or insulated carriage of temperature-sensitive materials and general commodities. Marten Transport Ltd. has a market cap of $381 million; its shares were traded at around $17.42 with a P/E ratio of 19.5 and P/S ratio of 0.6. Marten Transport Ltd. had an annual average earning growth of 5.6% over the past 10 years. GuruFocus rated Marten Transport Ltd. the business predictability rank of 4-star.

Marten Transport Ltd. Recently reported results for the quarter ended March 31, 2009. Net income climbed 52.8 percent to $4.1 million, up from $2.7 million for the first quarter last year.

First-quarter operating revenue declined 14.9 percent to $122.0 million from $143.4 million.

Marten Transport Ltd. is in the portfolio of NWQ Managers of NWQ Investment Management Co.

Buy: Director G Larry Owens bought 2,500 shares of MRTN stock last week; he also bought shares in May. Sell: Director Thomas J Winkel and Sell: Exec. VP of Sales & Marketing Timothy P Nash both sold shares in February.

S&T Bancorp Inc. (STBA): Director Jeffrey D Grube Bought 2,500 Shares

Director of S&T Bancorp Inc., Jeffrey D Grube, bought 2,500 shares on 7/23/2009 at an average price of $11.95.

S&T Bancorp Inc. is a bank holding company which is engaged in general banking business. S&T Bancorp Inc. has a market cap of $330.6 million; its shares were traded at around $11.95 with a P/E ratio of 7.7 and P/S ratio of 1.3. The dividend yield of S&T Bancorp Inc. stocks is 5%. S&T Bancorp Inc. had an annual average earning growth of 4.5% over the past 10 years. GuruFocus rated S&T Bancorp Inc. the business predictability rank of 3-star.

On July 20, S&T Bancorp Inc. announced a net loss of $10.2 million for the quarter ended June 30, 2009 compared to net income of $13.9 million for the quarter ended June 30, 2008.

Buy: Director Jeffrey D Grube and Buy: PRESIDENT Todd A Brice both bought shares of STBA last week; the price has increased more than 10%. Buy: Director James V Milano bought 2,000 shares in February, and Sell: EXECUTIVE VICE PRESIDENT Gregor T Iv Young and Sell: Executive Vice President Tony E Kallsen both sold shares in May.

  • 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.