Last week’s top five stocks that were bought by their CEOs were Saul Centers Inc, Prospect Capital Corp, Infinera Corp, Resource Capital Corp, and Pinnacle Entertainment Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 167,700 Shares
CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 167,700 shares during the past week at an average price of $38.35. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $694.7 million; its shares were traded at around $38.35 with and P/S ratio of 4.3. The dividend yield of Saul Centers Inc. stocks is 3.7%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.
Saul Centers recently reported its first quarter 2010 results. Total revenue increased 10% to $43.6 million, compared with $39.7 million in the first quarter of 2009. Operating income increased 9%.
Sell:: Sr. Vice President-Leasing Christopher Netter sold 4,000 shares of BFS stock on 04/08/2010 at the average price of 41.42, the price of the stock has decreased by 7.41% since. Other insiders have also decreased their positions in the company.
Prospect Capital Corp. (PSEC, Financial): CEO John F Barry Bought 62,697 Shares
CEO of Prospect Capital Corp. (PSEC) John F Barry bought 62,697 shares during the past week at an average price of $10.31. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital Corp. has a market cap of $655.6 million; its shares were traded at around $10.31 with a P/E ratio of 11.6 and P/S ratio of 6.5. The dividend yield of Prospect Capital Corp. stocks is 15.9%. Prospect Capital Corp. had an annual average earning growth of 36.8% over the past 5 years.
On 05/10/10, Prospect Capital Corporation announced financial results for its third fiscal quarter ended March 31, 2010. For the three and nine months ended March 31, 2010, net investment income was $19.0 million and $48.2 million, respectively, or 30 cents and 85 cents, respectively, per weighted average share outstanding for the periods then ended. Our net investment income increased 12%, and our net investment income per share increased 3%, from the quarter ended December 31, 2009 to the quarter ended March 31, 2010.
Buy:: Family Insider Matthew C. Barry bought 450 shares of PSEC stock on 05/13/2010 at the average price of 11.04, the price of the stock has decreased by 6.61% since. Other insiders have also increased their positions in the company.
Infinera Corp. (INFN, Financial): President & CEO Thomas J Fallon Bought 90,000 Shares
President & CEO of Infinera Corp. (INFN) Thomas J Fallon bought 90,000 shares on 05/21/2010 at an average price of $7.04. Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera Corp. has a market cap of $687.9 million; its shares were traded at around $7.04 with and P/S ratio of 2.2.
Infinera recently reported its first quarter 2010 results. GAAP revenues for the first quarter of 2010 were $95.8 million compared to $90.2 million in the fourth quarter of 2009 and $66.6 million in the first quarter of 2009.
David Swensen bought 36,012 shares in the quarter that ended on 12/31/2009, which is 0.95% of the $33 million portfolio of Yale University. Wilbur Ross owns 62,150 shares as of 03/31/2010, which accounts for 0.1% of the $525 million portfolio of Invesco Private Capital, Inc.. Lee Ainslie sold out his holdings in the quarter that ended on 03/31/2010.
Sell:: CFO Duston Williams sold 100,000 shares of INFN stock on 04/26/2010 at the average price of 9.95, the price of the stock has decreased by 29.25% since. Other insiders have also decreased their positions in the company.
Resource Capital Corp. (RSO, Financial): CEO & President Jonathan Z Cohen Bought 100,000 Shares
CEO & President of Resource Capital Corp. (RSO) Jonathan Z Cohen bought 100,000 shares on 05/20/2010 at an average price of $5.61. 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. Resource Capital Corp. has a market cap of $218.4 million; its shares were traded at around $5.61 with a P/E ratio of 6 and P/S ratio of 2.1. The dividend yield of Resource Capital Corp. stocks is 17.8%.
Sell:: SVP, CAO,CFO & Treas. David J Bryant sold 6,000 shares of RSO stock on 03/08/2010 at the average price of 7.05, the price of the stock has decreased by 20.43% since. There are mixed trades from other insiders.
Pinnacle Entertainment Inc. (PNK, Financial): President and CEO Anthony Michael Sanfilippo Bought 36,250 Shares
President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 36,250 shares during the past week at an average price of $12.1. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment Inc. has a market cap of $727 million; its shares were traded at around $12.1 with and P/S ratio of 0.7.
PNK recently reported its first quarter 2010 results. The company announced that its revenue for the first quarter 2010 was $267 million, compared to $259 million in the first quarter of 2009. "Pinnacle generated solid first quarter operating results which reflect the initial benefits of our heightened focus on achieving operating efficiencies and exercising financial discipline throughout the Company. Our success with these strategies in the first quarter should provide an excellent foundation for further progress throughout the balance of the year," said Anthony Sanfilippo, president and chief executive officer of Pinnacle Entertainment. "Our operating and growth strategy is to build profitable revenue through the Company's commitment to a 'best-in-market' approach to the guest experience, further operating efficiency improvements and a disciplined view on capital spending and expansion."
George Soros bought 14,100 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC.
Sell:: Exec. Vice Pres. & CFO Stephen H Capp sold 8,000 shares of PNK stock on 05/18/2010 at the average price of 13.9, the price of the stock has decreased by 12.95% since. There are mixed trades from other insiders.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 167,700 Shares
CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 167,700 shares during the past week at an average price of $38.35. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $694.7 million; its shares were traded at around $38.35 with and P/S ratio of 4.3. The dividend yield of Saul Centers Inc. stocks is 3.7%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.
Saul Centers recently reported its first quarter 2010 results. Total revenue increased 10% to $43.6 million, compared with $39.7 million in the first quarter of 2009. Operating income increased 9%.
Sell:: Sr. Vice President-Leasing Christopher Netter sold 4,000 shares of BFS stock on 04/08/2010 at the average price of 41.42, the price of the stock has decreased by 7.41% since. Other insiders have also decreased their positions in the company.
Prospect Capital Corp. (PSEC, Financial): CEO John F Barry Bought 62,697 Shares
CEO of Prospect Capital Corp. (PSEC) John F Barry bought 62,697 shares during the past week at an average price of $10.31. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital Corp. has a market cap of $655.6 million; its shares were traded at around $10.31 with a P/E ratio of 11.6 and P/S ratio of 6.5. The dividend yield of Prospect Capital Corp. stocks is 15.9%. Prospect Capital Corp. had an annual average earning growth of 36.8% over the past 5 years.
On 05/10/10, Prospect Capital Corporation announced financial results for its third fiscal quarter ended March 31, 2010. For the three and nine months ended March 31, 2010, net investment income was $19.0 million and $48.2 million, respectively, or 30 cents and 85 cents, respectively, per weighted average share outstanding for the periods then ended. Our net investment income increased 12%, and our net investment income per share increased 3%, from the quarter ended December 31, 2009 to the quarter ended March 31, 2010.
Buy:: Family Insider Matthew C. Barry bought 450 shares of PSEC stock on 05/13/2010 at the average price of 11.04, the price of the stock has decreased by 6.61% since. Other insiders have also increased their positions in the company.
Infinera Corp. (INFN, Financial): President & CEO Thomas J Fallon Bought 90,000 Shares
President & CEO of Infinera Corp. (INFN) Thomas J Fallon bought 90,000 shares on 05/21/2010 at an average price of $7.04. Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera Corp. has a market cap of $687.9 million; its shares were traded at around $7.04 with and P/S ratio of 2.2.
Infinera recently reported its first quarter 2010 results. GAAP revenues for the first quarter of 2010 were $95.8 million compared to $90.2 million in the fourth quarter of 2009 and $66.6 million in the first quarter of 2009.
David Swensen bought 36,012 shares in the quarter that ended on 12/31/2009, which is 0.95% of the $33 million portfolio of Yale University. Wilbur Ross owns 62,150 shares as of 03/31/2010, which accounts for 0.1% of the $525 million portfolio of Invesco Private Capital, Inc.. Lee Ainslie sold out his holdings in the quarter that ended on 03/31/2010.
Sell:: CFO Duston Williams sold 100,000 shares of INFN stock on 04/26/2010 at the average price of 9.95, the price of the stock has decreased by 29.25% since. Other insiders have also decreased their positions in the company.
Resource Capital Corp. (RSO, Financial): CEO & President Jonathan Z Cohen Bought 100,000 Shares
CEO & President of Resource Capital Corp. (RSO) Jonathan Z Cohen bought 100,000 shares on 05/20/2010 at an average price of $5.61. 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. Resource Capital Corp. has a market cap of $218.4 million; its shares were traded at around $5.61 with a P/E ratio of 6 and P/S ratio of 2.1. The dividend yield of Resource Capital Corp. stocks is 17.8%.
Sell:: SVP, CAO,CFO & Treas. David J Bryant sold 6,000 shares of RSO stock on 03/08/2010 at the average price of 7.05, the price of the stock has decreased by 20.43% since. There are mixed trades from other insiders.
Pinnacle Entertainment Inc. (PNK, Financial): President and CEO Anthony Michael Sanfilippo Bought 36,250 Shares
President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 36,250 shares during the past week at an average price of $12.1. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment Inc. has a market cap of $727 million; its shares were traded at around $12.1 with and P/S ratio of 0.7.
PNK recently reported its first quarter 2010 results. The company announced that its revenue for the first quarter 2010 was $267 million, compared to $259 million in the first quarter of 2009. "Pinnacle generated solid first quarter operating results which reflect the initial benefits of our heightened focus on achieving operating efficiencies and exercising financial discipline throughout the Company. Our success with these strategies in the first quarter should provide an excellent foundation for further progress throughout the balance of the year," said Anthony Sanfilippo, president and chief executive officer of Pinnacle Entertainment. "Our operating and growth strategy is to build profitable revenue through the Company's commitment to a 'best-in-market' approach to the guest experience, further operating efficiency improvements and a disciplined view on capital spending and expansion."
George Soros bought 14,100 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC.
Sell:: Exec. Vice Pres. & CFO Stephen H Capp sold 8,000 shares of PNK stock on 05/18/2010 at the average price of 13.9, the price of the stock has decreased by 12.95% since. There are mixed trades from other insiders.
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.
