Weekly CEO Buys Highlight: The Steak n Shake Company, Foot Locker Inc, Max Capital Group Ltd, Redwood Trust Inc, GHL ACQUISITION CORP.

This Week\'s Top CEO Buys: SNS, FL, MXGL, RWT, GHQ

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Sep 05, 2009
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

The Steak n Shake Company (SNS, Financial): CEO Sardar Biglari, Bought 123,800 Shares

CEO of The Steak n Shake Company (SNS) Sardar Biglari, bought 123,800 shares on 09/01/2009 at an average price of $11.2. Steak n Shake is a full service casual dining restaurant serving a core menu of its famous Steakburger sandwiches thin 'n crispy french fries old fashioned hand-dipped milk shakes chili home style soups fresh salads a variety of desserts and breakfast. It has a market cap of $322.2 million; its shares were traded at around $11.2 with and P/S ratio of 0.5. The Steak N Shake Company had an annual average earning growth of 5.6% over the past 10 years.

SNS recently reported its third quarter 2009 results. The company announced that its net earnings for the quarter were $3.8 million, or 13 cents per diluted share, compared to a net loss of 35 cents per diluted share in the third quarter of 2008.

John Rogers bought 23,495 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $3.7 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. John Keeley sold out his holdings in the quarter that ended on 06/30/2009.

Buy: 10% Owner Fund, L.p. Lion bought 8,500 shares of SNS stock on 09/02/2009 at the average price of $10.65; the price of the stock has increased by 5.16% since. Other insiders have also increased their positions in the company.

Foot Locker Inc. (FL, Financial): President and CEO Ken C Hicks Bought 40,000 Shares

President and CEO of Foot Locker Inc. (FL) Ken C Hicks bought 40,000 shares on 08/27/2009 at an average price of $10.71. Foot Locker Inc. is a leading global retailer operating primarily mall-based stores in North America Europe Asia and Australia. The company has a market cap of $1.67 billion; its shares were traded at around $10.71 with a P/E ratio of 17.3 and P/S ratio of 0.3. The dividend yield of Foot Locker Inc. stocks is 5.6%. Foot Locker Inc. had an annual average earning growth of 18.8% over the past 10 years.

Foot Locker Inc. recently reported its second quarter results. The company announced that its net income was $18 million, or 11 cents per share for the quarter. Sales declined about 16%, compared with results a year ago. Comparable Store Sales decreased 12%.

Robert Rodriguez owns 2,420,816 shares as of 06/30/2009, which accounts for 3.63% of the $697 million portfolio of FPA Capital.

Buy: Director Matthew M Mckenna bought 9,700 shares of FL stock on 08/26/2009 at the average price of $10.25; the price of the stock has increased by 4.49% since.

Max Capital Group Ltd. (MXGL, Financial): CEO W Marston Becker Bought 15,000 Shares

CEO of Max Capital Group Ltd. (MXGL) W Marston Becker bought 15,000 shares on 09/01/2009 at an average price of $20.34. Max Capital Group Ltd. through its principal operating subsidiaries provides specialty insurance and reinsurance products to corporations public entities property and casualty insurers and life and health insurers. The Company has a market cap of $1.15 billion; its shares were traded at around $20.34 with and P/S ratio of 1.6. The dividend yield of Max Capital Group Ltd. stocks is 2.1%. Max Capital Group Ltd. had an annual average earning growth of 11.3% over the past 5 years.

Max Capital recently reported its second quarter results. The company announced that it had a net income of $43.8 million, or 76 cents per diluted share, The company also said that its net operating income was $47.8 million, or 83 cents per diluted share.

David Einhorn owns 62,800 shares as of 06/30/2009, which accounts for 0.04% of the $2.76 billion portfolio of Greenlight Capital Inc.

Sell: EVP & CFO Joseph William Roberts sold 12,000 shares of MXGL stock on 06/18/2009 at the average price of $18.62; the price of the stock has increased by 9.24% since.

Redwood Trust Inc. ( RWT): Chairman Of The Board/CEO George Bull Bought 8,500 Shares

Chairman Of The Board/CEO of Redwood Trust Inc. ( RWT) George Bull bought 8,500 shares on 08/31/2009 at an average price of $15.8. REDWOOD TRUST INC. is a self-advised and self-managed real estate investment trust. It specializes in acquiring and managing real estate mortgage assets which may be acquired as whole loans or as mortgage securities representing interest in or obligations backed by pools of mortgage loans. Redwood Trust Inc. has a market cap of $1.19 billion; its shares were traded at around $15.8 with a P/E ratio of 60.7 and P/S ratio of 2.1. The dividend yield of Redwood Trust Inc. stocks is 6.4%. Redwood Trust Inc. had an annual average earning growth of 38.3% over the past 5 years.

Redwood Trust recently reported its second quarter 2009 results. The company announced that it had a net income of 10 cents per share, compared to a net loss of 65 cents per share a year ago.

John Griffin bought 700,000 shares in the quarter that ended on 06/30/2009, which is 0.26% of the $3.93 billion portfolio of Blue Ridge Capital. Richard Aster Jr bought 310,300 shares in the quarter that ended on 06/30/2009, which is 0.23% of the $1.98 billion portfolio of Meridian Fund. NWQ Managers owns 2,748,338 shares as of 06/30/2009, an increase of 67.34% from the previous quarter. This position accounts for 0.28% of the $14.8 billion portfolio of NWQ Investment Management Co. Arnold Schneider owns 1,770,438 shares as of 06/30/2009, which accounts for 1.81% of the $1.44 billion portfolio of Schneider Capital Management. Wallace Weitz owns 6,270,955 shares as of 06/30/2009, which accounts for 6.02% of the $1.54 billion portfolio of Weitz Wallace R & Co.

Buy: Director Diane Merdian bought 3,500 shares of RWT stock on 08/31/2009 at the average price of $16.11; the price of the stock has decreased by 1.92% since.

GHL ACQUISITION CORP (GHQ, Financial): CEO Scott L Bok Bought 7,500 Shares

CEO of GHL ACQUISITION CORP (GHQ) Scott L Bok bought 7,500 shares on 08/27/2009 at an average price of $9.95. GHL ACQUISITION CORP. is a newly formed blank check company organized for the purpose of effecting a merger capital stock exchange asset acquisition stock purchase reorganization or other similar business combination with one or more businesses or assets which they refer to as their initial business combination. The Company will not limit its efforts in identifying a prospective target business to a particular industry. Instead they will focus on industries and target businesses in the United States and Europe that may provide significant opportunity for growth. Ghl Acquisition Corp has a market cap of $482.6 million; its shares were traded at around $9.95 .

Jean-Marie Eveillard bought 363,900 shares in the quarter that ended on 06/30/2009, which is 0.04% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Seth Klarman sold out his holdings in the quarter that ended on 06/30/2009.

Buy: Senior Vice President Robert H Niehaus bought 200 shares of GHQ stock on 09/01/2009 at the average price of $9.96; the price of the stock has decreased by 0.1% since. Other insiders have also increased their positions in the company.

For the complete list of stocks that bought by their company CEOs, go to: CEO 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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Rating:
3 / 5 (6 votes)