Last week’s top five stocks that were bought by their CEOs were Saul Centers Inc, CONTINENTAL RESRCES, ARGO GROUP INTERNATIONAL HOLDINGS LTD, Emeritus Corp, and PharMerica Corp. 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 119,398 Shares
CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 119,398 shares during the past week at an average price of $41. 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 $738.6 million; its shares were traded at around $41 with and P/S ratio of 4.5. The dividend yield of Saul Centers Inc. stocks is 3.6%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.
BFS recently reported its second quarter results. Total revenue for the three months ended June 30, 2010 increased 1.8% to $40,121,000 compared to $39,416,000 for the three months ended June 30, 2009. Operating income increased 1.4% to $10,717,000 for the 2010 Quarter compared to $10,574,000 for the 2009 Quarter.
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. Christopher Netter owns at least 625 shares after this. The price of the stock has decreased by 1.01% since. Other insiders have also decreased their positions in the company.
CONTINENTAL RESOURCES (CLR, Financial): CEO & Chairman, 10% Owner Harold Hamm Bought 40,000 Shares
CEO & Chairman, 10% Owner of CONTINENTAL RESRCES (CLR) Harold Hamm bought 40,000 shares on 08/16/2010 at an average price of $41.31. 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. Continental Resrces has a market cap of $6.95 billion; its shares were traded at around $41.31 with a P/E ratio of 28 and P/S ratio of 11.
Continental Resources recently reported net income of $101.7 million, or $0.60 per diluted share, for the second quarter ended June 30, 2010. This compared with net income of $13.5 million, or $0.08 per diluted share, for the second quarter of 2009. Net income for the second quarter of 2010 included a pre-tax property impairments charge of $19.5 million, compared with an impairments charge of $23.3 million for the second quarter of 2009. Net income for the second quarter of 2010 also included a $33.1 million pre-tax gain on sale of assets.
Richard Aster Jr owns 351,435 shares as of 06/30/2010, which accounts for 0.72% of the $2.19 billion portfolio of Meridian Fund. John Keeley owns 635,900 shares as of 06/30/2010, which accounts for 0.51% of the $5.56 billion portfolio of Keeley Fund Management.
Buy: Sr. Vice President, Operations Richard E Muncrief bought 1,000 shares of CLR stock on 08/16/2010 at the average price of 42.66. Richard E Muncrief owns at least 27,931 shares after this. The price of the stock has decreased by 3.16% since.
ARGO GROUP INTERNATIONAL HOLDINGS LTD. (AGII, Financial): President and CEO Mark E Watson Iii Bought 54,170 Shares
President and CEO of ARGO GROUP INTERNATIONAL HOLDINGS LTD. (AGII) Mark E Watson Iii bought 54,170 shares on 08/13/2010 at an average price of $29.29. PXRE Group Ltd. provides reinsurance products and services to aworldwide marketplace. Argo Group International Holdings Ltd. has a market cap of $909.4 million; its shares were traded at around $29.29 with a P/E ratio of 10.8 and P/S ratio of 0.6. The dividend yield of Argo Group International Holdings Ltd. stocks is 1.6%.
Argo Group recently reported its second quarter 2010 results. Total revenue was $362.4 million versus $403.8 million in the second quarter of 2009. Net income was $26.1 million or $0.86 per diluted share, compared to $21.9 million or $0.71 per diluted share for the three months ended June 30, 2009.
George Soros bought 11,700 shares in the quarter that ended on 06/30/2010, which is 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. Richard Pzena owns 797,403 shares as of 03/31/2010, an increase of 43.03% from the previous quarter. This position accounts for 0.23% of the $11.42 billion portfolio of Pzena Investment Management LLC. David Dreman owns 1,098,585 shares as of 03/31/2010, which accounts for 0.84% of the $4.24 billion portfolio of Dreman Value Management.
Buy: Director F Sedgwick Browne bought 1,000 shares of AGII stock on 03/12/2010 at the average price of 30.49. F Sedgwick Browne owns at least 2,732 shares after this. The price of the stock has decreased by 3.94% since.
Emeritus Corp (ESC, Financial): Chairman & Co-CEO, 10% Owner Daniel R Baty Bought 50,000 Shares
Chairman & Co-CEO, 10% Owner of Emeritus Corp (ESC) Daniel R Baty bought 50,000 shares on 08/19/2010 at an average price of $16.14. Emeritus is one of the largest and most experienced national operators ofassisted living residential communities. Emeritus Corp has a market cap of $628.5 million; its shares were traded at around $16.14 with and P/S ratio of 0.7. Emeritus Corp had an annual average earning growth of 14.2% over the past 10 years.
Arnold Schneider owns 212,125 shares as of 06/30/2010, an increase of 67.09% from the previous quarter. This position accounts for 0.23% of the $1.52 billion portfolio of Schneider Capital Management. Ron Baron owns 1,529,350 shares as of 03/31/2010, which accounts for 0.2% of the $15.33 billion portfolio of Baron Funds. John Keeley owns 390,000 shares as of 06/30/2010, which accounts for 0.11% of the $5.56 billion portfolio of Keeley Fund Management.
Sell: EVP Operations & COO James C A Hyatt sold 17,006 shares of ESC stock on 06/11/2010 at the average price of 17.28. James C A Hyatt owns at least 3,250 shares after this. The price of the stock has decreased by 6.6% since.
PharMerica Corp. (PMC, Financial): CEO Gregory S Weishar Bought 81,000 Shares
CEO of PharMerica Corp. (PMC) Gregory S Weishar bought 81,000 shares on 08/13/2010 at an average price of $7.17. PharMerica Corporation is an institutional pharmacy services provider dedicated to providing quality customer service and innovative pharmacy solutions to institutional customers and patients in long-term care settings. Pharmerica Corp. has a market cap of $216.7 million; its shares were traded at around $7.17 with a P/E ratio of 5.9 and P/S ratio of 0.1.
PMC recently reported its second quarter 2010 results. Net income decreased to $1.3 million, or $0.04 earnings per diluted share, compared with net income of $9.2 million, or $0.30 earnings per diluted share. Included in net income is an after-tax charge of $3.0 million, or the negative effect of $0.10 on earnings per diluted share related to certain claims arising from time periods prior to the 2007 formation of the Company. Adjusted earnings per diluted share were $0.22 compared with $0.31 in the prior year.
John Keeley owns 2,448,400 shares as of 06/30/2010, which accounts for 0.65% of the $5.56 billion portfolio of Keeley Fund Management.
Buy: EVP William E Monast bought 3,500 shares of PMC stock on 08/18/2010 at the average price of 7.49. William E Monast owns at least 10,000 shares after this. The price of the stock has decreased by 4.27% since. Other insiders have decreased their positions in the company.
Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 119,398 Shares
CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 119,398 shares during the past week at an average price of $41. 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 $738.6 million; its shares were traded at around $41 with and P/S ratio of 4.5. The dividend yield of Saul Centers Inc. stocks is 3.6%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.
BFS recently reported its second quarter results. Total revenue for the three months ended June 30, 2010 increased 1.8% to $40,121,000 compared to $39,416,000 for the three months ended June 30, 2009. Operating income increased 1.4% to $10,717,000 for the 2010 Quarter compared to $10,574,000 for the 2009 Quarter.
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. Christopher Netter owns at least 625 shares after this. The price of the stock has decreased by 1.01% since. Other insiders have also decreased their positions in the company.
CONTINENTAL RESOURCES (CLR, Financial): CEO & Chairman, 10% Owner Harold Hamm Bought 40,000 Shares
CEO & Chairman, 10% Owner of CONTINENTAL RESRCES (CLR) Harold Hamm bought 40,000 shares on 08/16/2010 at an average price of $41.31. 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. Continental Resrces has a market cap of $6.95 billion; its shares were traded at around $41.31 with a P/E ratio of 28 and P/S ratio of 11.
Continental Resources recently reported net income of $101.7 million, or $0.60 per diluted share, for the second quarter ended June 30, 2010. This compared with net income of $13.5 million, or $0.08 per diluted share, for the second quarter of 2009. Net income for the second quarter of 2010 included a pre-tax property impairments charge of $19.5 million, compared with an impairments charge of $23.3 million for the second quarter of 2009. Net income for the second quarter of 2010 also included a $33.1 million pre-tax gain on sale of assets.
Richard Aster Jr owns 351,435 shares as of 06/30/2010, which accounts for 0.72% of the $2.19 billion portfolio of Meridian Fund. John Keeley owns 635,900 shares as of 06/30/2010, which accounts for 0.51% of the $5.56 billion portfolio of Keeley Fund Management.
Buy: Sr. Vice President, Operations Richard E Muncrief bought 1,000 shares of CLR stock on 08/16/2010 at the average price of 42.66. Richard E Muncrief owns at least 27,931 shares after this. The price of the stock has decreased by 3.16% since.
ARGO GROUP INTERNATIONAL HOLDINGS LTD. (AGII, Financial): President and CEO Mark E Watson Iii Bought 54,170 Shares
President and CEO of ARGO GROUP INTERNATIONAL HOLDINGS LTD. (AGII) Mark E Watson Iii bought 54,170 shares on 08/13/2010 at an average price of $29.29. PXRE Group Ltd. provides reinsurance products and services to aworldwide marketplace. Argo Group International Holdings Ltd. has a market cap of $909.4 million; its shares were traded at around $29.29 with a P/E ratio of 10.8 and P/S ratio of 0.6. The dividend yield of Argo Group International Holdings Ltd. stocks is 1.6%.
Argo Group recently reported its second quarter 2010 results. Total revenue was $362.4 million versus $403.8 million in the second quarter of 2009. Net income was $26.1 million or $0.86 per diluted share, compared to $21.9 million or $0.71 per diluted share for the three months ended June 30, 2009.
George Soros bought 11,700 shares in the quarter that ended on 06/30/2010, which is 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. Richard Pzena owns 797,403 shares as of 03/31/2010, an increase of 43.03% from the previous quarter. This position accounts for 0.23% of the $11.42 billion portfolio of Pzena Investment Management LLC. David Dreman owns 1,098,585 shares as of 03/31/2010, which accounts for 0.84% of the $4.24 billion portfolio of Dreman Value Management.
Buy: Director F Sedgwick Browne bought 1,000 shares of AGII stock on 03/12/2010 at the average price of 30.49. F Sedgwick Browne owns at least 2,732 shares after this. The price of the stock has decreased by 3.94% since.
Emeritus Corp (ESC, Financial): Chairman & Co-CEO, 10% Owner Daniel R Baty Bought 50,000 Shares
Chairman & Co-CEO, 10% Owner of Emeritus Corp (ESC) Daniel R Baty bought 50,000 shares on 08/19/2010 at an average price of $16.14. Emeritus is one of the largest and most experienced national operators ofassisted living residential communities. Emeritus Corp has a market cap of $628.5 million; its shares were traded at around $16.14 with and P/S ratio of 0.7. Emeritus Corp had an annual average earning growth of 14.2% over the past 10 years.
Arnold Schneider owns 212,125 shares as of 06/30/2010, an increase of 67.09% from the previous quarter. This position accounts for 0.23% of the $1.52 billion portfolio of Schneider Capital Management. Ron Baron owns 1,529,350 shares as of 03/31/2010, which accounts for 0.2% of the $15.33 billion portfolio of Baron Funds. John Keeley owns 390,000 shares as of 06/30/2010, which accounts for 0.11% of the $5.56 billion portfolio of Keeley Fund Management.
Sell: EVP Operations & COO James C A Hyatt sold 17,006 shares of ESC stock on 06/11/2010 at the average price of 17.28. James C A Hyatt owns at least 3,250 shares after this. The price of the stock has decreased by 6.6% since.
PharMerica Corp. (PMC, Financial): CEO Gregory S Weishar Bought 81,000 Shares
CEO of PharMerica Corp. (PMC) Gregory S Weishar bought 81,000 shares on 08/13/2010 at an average price of $7.17. PharMerica Corporation is an institutional pharmacy services provider dedicated to providing quality customer service and innovative pharmacy solutions to institutional customers and patients in long-term care settings. Pharmerica Corp. has a market cap of $216.7 million; its shares were traded at around $7.17 with a P/E ratio of 5.9 and P/S ratio of 0.1.
PMC recently reported its second quarter 2010 results. Net income decreased to $1.3 million, or $0.04 earnings per diluted share, compared with net income of $9.2 million, or $0.30 earnings per diluted share. Included in net income is an after-tax charge of $3.0 million, or the negative effect of $0.10 on earnings per diluted share related to certain claims arising from time periods prior to the 2007 formation of the Company. Adjusted earnings per diluted share were $0.22 compared with $0.31 in the prior year.
John Keeley owns 2,448,400 shares as of 06/30/2010, which accounts for 0.65% of the $5.56 billion portfolio of Keeley Fund Management.
Buy: EVP William E Monast bought 3,500 shares of PMC stock on 08/18/2010 at the average price of 7.49. William E Monast owns at least 10,000 shares after this. The price of the stock has decreased by 4.27% since. Other insiders have decreased their positions in the company.
