Last week’s top five stocks that were bought by their CEOs were CONTINENTAL RESRCES, Arlington Asset Investment Corp, Resource Capital Corp, Ladenburg Thalmann Financial Services, and Acorn Energy Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
CONTINENTAL RESRCES (CLR, Financial): CEO & Chairman, 10% Owner Harold Hamm Bought 125,000 Shares
CEO & Chairman, 10% Owner of CONTINENTAL RESRCES (CLR) Harold Hamm bought 125,000 shares on 12/09/2009 at an average price of $37.82. CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company has a market cap of $6.42 billion; its shares were traded at around $37.82 with a P/E ratio of 122 and P/S ratio of 6.6.
Continental Resources recently reported strong third quarter results. The company announced that it doubled operating earnings and net income for the third quarter of 2009, compared with results for the second quarter of 2009, based on higher crude oil prices and lower production costs. Compared with the third quarter of 2008, when crude oil and natural gas prices peaked, operating and net income were lower for the quarter ended September 30, 2009.
John Keeley owns 652,265 shares as of 09/30/2009, which accounts for 0.38% of the $6.65 billion portfolio of Keeley Fund Management. Richard Aster Jr owns 319,485 shares as of 09/30/2009, which accounts for 0.55% of the $2.26 billion portfolio of Meridian Fund. NWQ Managers sold out his holdings in the quarter that ended on 09/30/2009.
Sell:: Sr. VP & CFO John D Hart sold 3,000 shares of CLR stock on 09/23/2009 at the average price of 42.75, the price of the stock has decreased by 11.53% since
Arlington Asset Investment Corp. (AI, Financial): Chairman & CEO Eric F Billings Bought 150,000 Shares
Chairman & CEO of Arlington Asset Investment Corp. (AI) Eric F Billings bought 150,000 shares on 12/10/2009 at an average price of $14.25. Arlington Asset Investment Corporation is a publicly traded company that invests on a leveraged basis in residential mortgage-backed securities (MBS), including collateralized mortgage obligations (CMOs). It has a market cap of $112.8 million; its shares were traded at around $14.25 with and P/S ratio of 0.2.
AI recently announced its third quarter results. The company said that it reported net income of $42.4 million for the quarter ended September 30, 2009, or $5.38 per share (diluted), compared to a net loss of $169.0 million, or $22.34 per share (diluted) for the quarter ended September 30, 2008. For the nine months ended September 30, 2009, the Company reported net income of $111.8 million, or $14.28 per share (diluted), compared to a net loss of $149.0 million, or $19.71 per share (diluted) for the nine months ended September 30, 2008. As of September 30, 2009, book value per share was $17.84. The per share data reflect the impact of a 1-for-20 reverse stock split that was effective on October 6, 2009.
Charles Brandes owns 3,339,090 shares as of 09/30/2009, which accounts for 0.01% of the $21.32 billion portfolio of Brandes Investment.
Sell:: 10% Owner Management Llc Passport sold 34,990 shares of AI stock on 07/13/2009 at the average price of 7, the price of the stock has increased by 103.57% since. Many other insiders have also decreased their positions in the company.
Resource Capital Corp. (RSO, Financial): CEO & President Jonathan Z Cohen Bought 200,000 Shares
CEO & President of Resource Capital Corp. (RSO) Jonathan Z Cohen bought 200,000 shares on 12/07/2009 at an average price of $4.64. Resource Capital Corp. is a specialty finance company that began operations in March and intends to qualify to be taxed as a real estate investment trust for federal income tax purposes. RCC has a market cap of $121.8 million; its shares were traded at around $4.64 with a P/E ratio of 2.7 and P/S ratio of 2.1. The dividend yield of Resource Capital Corp. stocks is 25.9%.
Resource Capital recently reported its third quarter results. The company said that its net operating income was 30 cents per diluted share. The company also announced that would pay common stock dividend of 30 cents per share.
Buy:: Director Edward E Cohen bought 200,000 shares of RSO stock on 12/07/2009 at the average price of 4.5, the price of the stock has increased by 3.11% since.
Ladenburg Thalmann Financial Services (LTS, Financial): President and CEO Richard Lampen Bought 93,000 Shares
President and CEO of Ladenburg Thalmann Financial Services (LTS) Richard Lampen bought 93,000 shares during the past week at an average price of $0.69. Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and, through its subsidiary GBI Capital Partners, Inc.(formerly Gaines, Berland, Inc., provide investment banking and research services. Ladenburg Thalmann Financial Services has a market cap of $115.8 million; its shares were traded at around $0.69 with and P/S ratio of 1.
Buy:: Vice President and CFO Brett Kaufman bought 5,000 shares of LTS stock on 06/26/2009 at the average price of 0.53, the price of the stock has increased by 30.19% since. Many other insiders have also increased their positions in the company.
Acorn Energy Inc. (ACFN, Financial): President and CEO John A Moore Bought 5,000 Shares
President and CEO of Acorn Energy Inc. (ACFN) John A Moore bought 5,000 shares on 12/08/2009 at an average price of $6.8. Acorn Energy, Inc. (formerly known as Acorn Factor, Inc.) specializes in acquiring & accelerating the growth of emerging ventures that promise improvement in the economic & environmental efficiency of the energy sector. The company has a market cap of $79.2 million; its shares were traded at around $6.8 with and P/S ratio of 3.8.
Acorn Energy recently reported its second quarter results. The company announced that its revenue was up 116% to $7.78 million, and its quarterly and six month gross profit also increased by 238% and 183% respectively.
Buy:: Director Richard S Rimer bought 5,000 shares of ACFN stock on 10/28/2009 at the average price of 7.69, the price of the stock has decreased by 11.57% since
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
CONTINENTAL RESRCES (CLR, Financial): CEO & Chairman, 10% Owner Harold Hamm Bought 125,000 Shares
CEO & Chairman, 10% Owner of CONTINENTAL RESRCES (CLR) Harold Hamm bought 125,000 shares on 12/09/2009 at an average price of $37.82. CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company has a market cap of $6.42 billion; its shares were traded at around $37.82 with a P/E ratio of 122 and P/S ratio of 6.6.
Continental Resources recently reported strong third quarter results. The company announced that it doubled operating earnings and net income for the third quarter of 2009, compared with results for the second quarter of 2009, based on higher crude oil prices and lower production costs. Compared with the third quarter of 2008, when crude oil and natural gas prices peaked, operating and net income were lower for the quarter ended September 30, 2009.
John Keeley owns 652,265 shares as of 09/30/2009, which accounts for 0.38% of the $6.65 billion portfolio of Keeley Fund Management. Richard Aster Jr owns 319,485 shares as of 09/30/2009, which accounts for 0.55% of the $2.26 billion portfolio of Meridian Fund. NWQ Managers sold out his holdings in the quarter that ended on 09/30/2009.
Sell:: Sr. VP & CFO John D Hart sold 3,000 shares of CLR stock on 09/23/2009 at the average price of 42.75, the price of the stock has decreased by 11.53% since
Arlington Asset Investment Corp. (AI, Financial): Chairman & CEO Eric F Billings Bought 150,000 Shares
Chairman & CEO of Arlington Asset Investment Corp. (AI) Eric F Billings bought 150,000 shares on 12/10/2009 at an average price of $14.25. Arlington Asset Investment Corporation is a publicly traded company that invests on a leveraged basis in residential mortgage-backed securities (MBS), including collateralized mortgage obligations (CMOs). It has a market cap of $112.8 million; its shares were traded at around $14.25 with and P/S ratio of 0.2.
AI recently announced its third quarter results. The company said that it reported net income of $42.4 million for the quarter ended September 30, 2009, or $5.38 per share (diluted), compared to a net loss of $169.0 million, or $22.34 per share (diluted) for the quarter ended September 30, 2008. For the nine months ended September 30, 2009, the Company reported net income of $111.8 million, or $14.28 per share (diluted), compared to a net loss of $149.0 million, or $19.71 per share (diluted) for the nine months ended September 30, 2008. As of September 30, 2009, book value per share was $17.84. The per share data reflect the impact of a 1-for-20 reverse stock split that was effective on October 6, 2009.
Charles Brandes owns 3,339,090 shares as of 09/30/2009, which accounts for 0.01% of the $21.32 billion portfolio of Brandes Investment.
Sell:: 10% Owner Management Llc Passport sold 34,990 shares of AI stock on 07/13/2009 at the average price of 7, the price of the stock has increased by 103.57% since. Many other insiders have also decreased their positions in the company.
Resource Capital Corp. (RSO, Financial): CEO & President Jonathan Z Cohen Bought 200,000 Shares
CEO & President of Resource Capital Corp. (RSO) Jonathan Z Cohen bought 200,000 shares on 12/07/2009 at an average price of $4.64. Resource Capital Corp. is a specialty finance company that began operations in March and intends to qualify to be taxed as a real estate investment trust for federal income tax purposes. RCC has a market cap of $121.8 million; its shares were traded at around $4.64 with a P/E ratio of 2.7 and P/S ratio of 2.1. The dividend yield of Resource Capital Corp. stocks is 25.9%.
Resource Capital recently reported its third quarter results. The company said that its net operating income was 30 cents per diluted share. The company also announced that would pay common stock dividend of 30 cents per share.
Buy:: Director Edward E Cohen bought 200,000 shares of RSO stock on 12/07/2009 at the average price of 4.5, the price of the stock has increased by 3.11% since.
Ladenburg Thalmann Financial Services (LTS, Financial): President and CEO Richard Lampen Bought 93,000 Shares
President and CEO of Ladenburg Thalmann Financial Services (LTS) Richard Lampen bought 93,000 shares during the past week at an average price of $0.69. Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and, through its subsidiary GBI Capital Partners, Inc.(formerly Gaines, Berland, Inc., provide investment banking and research services. Ladenburg Thalmann Financial Services has a market cap of $115.8 million; its shares were traded at around $0.69 with and P/S ratio of 1.
Buy:: Vice President and CFO Brett Kaufman bought 5,000 shares of LTS stock on 06/26/2009 at the average price of 0.53, the price of the stock has increased by 30.19% since. Many other insiders have also increased their positions in the company.
Acorn Energy Inc. (ACFN, Financial): President and CEO John A Moore Bought 5,000 Shares
President and CEO of Acorn Energy Inc. (ACFN) John A Moore bought 5,000 shares on 12/08/2009 at an average price of $6.8. Acorn Energy, Inc. (formerly known as Acorn Factor, Inc.) specializes in acquiring & accelerating the growth of emerging ventures that promise improvement in the economic & environmental efficiency of the energy sector. The company has a market cap of $79.2 million; its shares were traded at around $6.8 with and P/S ratio of 3.8.
Acorn Energy recently reported its second quarter results. The company announced that its revenue was up 116% to $7.78 million, and its quarterly and six month gross profit also increased by 238% and 183% respectively.
Buy:: Director Richard S Rimer bought 5,000 shares of ACFN stock on 10/28/2009 at the average price of 7.69, the price of the stock has decreased by 11.57% since
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
