Weekly CEO Buys Highlight: PTP, CTFO, TWMC, FHN, WINA

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Oct 22, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Platinum Underwriters Holdings Ltd. (PTP, Financial): Platinum US President and CEO H Elizabeth Mitchell Bought 14,000 Shares

Platinum US President and CEO of Platinum Underwriters Holdings Ltd. (PTP) H Elizabeth Mitchell bought 14,000 shares on 10/20/2011 at an average price of $32.74. Platinum Underwriters Holdings, Ltd. provides property and casualty reinsurance coverages to a diverse clientele on a worldwide basis. Platinum Underwriters Holdings Ltd. has a market cap of $1.22 billion; its shares were traded at around $32.74 with and P/S ratio of 1.2. The dividend yield of Platinum Underwriters Holdings Ltd. stocks is 1%.

Platinum Underwriters Holdings recently reported its third quarter 2011 financial results. The company reported a net loss of $53.5 million and a loss per common share of $1.43 for the quarter ended September 30, 2011.

Arnold Schneider owns 138,824 shares as of 06/30/2011, an increase of 42.24% from the previous quarter. This position accounts for 0.2673% of the $1.73 billion portfolio of Schneider Capital Management. Donald Smith owns 753,531 shares as of 06/30/2011, an increase of 17.97% from the previous quarter. This position accounts for 0.8094% of the $3.09 billion portfolio of Donald Smith & Co. Donald Smith owns 753,531 shares as of 06/30/2011, which accounts for 0.8094% of the $3.09 billion portfolio of Donald Smith & Co.. David Dreman owns 759,806 shares as of 06/30/2011, which accounts for 0.4832% of the $5.23 billion portfolio of Dreman Value Management.

EVP & CFO Allan Carl Decleir bought 3,300 shares of PTP stock on 10/20/2011 at the average price of 30.12. Allan Carl Decleir owns at least 12,496 shares after this. The price of the stock has increased by 8.7% since.

China TransInfo Technology Corp. (CTFO, Financial): CEO and President, 10% Owner Shudong Xia Bought 61,134 Shares

CEO and President, 10% Owner of China TransInfo Technology Corp. (CTFO) Shudong Xia bought 61,134 shares during the past week at an average price of $3.22. CHINA TRANSINFO, through its subsidiary Beijing PKU ChinaFront High Technology Co. China Transinfo Technology Corp. has a market cap of $81.5 million; its shares were traded at around $3.22 with a P/E ratio of 5.2 and P/S ratio of 0.7. China Transinfo Technology Corp. had an annual average earnings growth of 60% over the past 5 years.

Trans World Entertainment Corp. (TWMC, Financial): Chairman and CEO, 10% Owner Robert J Higgins Bought 75,000 Shares

Chairman and CEO, 10% Owner of Trans World Entertainment Corp. (TWMC) Robert J Higgins bought 75,000 shares on 10/17/2011 at an average price of $2.14. Trans World Entertainment Corp. operates a chain of retail entertainment stores and an e-commerce site in a single industry segment. Trans World Entertainment Corp. has a market cap of $67.2 million; its shares were traded at around $2.14 with and P/S ratio of 0.1.

COO and President Michael Honeyman bought 155 shares of TWMC stock on 09/27/2011 at the average price of 1.91. Michael Honeyman owns at least 24,801 shares after this. The price of the stock has increased by 12.04% since.

First Horizon National Corp. (FHN, Financial): President and CEO D Bryan Jordan Bought 10,000 Shares

President and CEO of First Horizon National Corp. (FHN) D Bryan Jordan bought 10,000 shares on 10/20/2011 at an average price of $6.92. The First Horizon National family of companies provides financial services to individual and business customers through: First Horizon Home Loans, FTN Financial, First Tennessee Bank, and First Horizon Merchant Services. First Horizon National Corp. has a market cap of $1.82 billion; its shares were traded at around $6.92 with a P/E ratio of 38.7 and P/S ratio of 1. The dividend yield of First Horizon National Corp. stocks is 0.6%.

First Horizon National recently reported its third quarter 2011 results. Net income available to common shareholders improved to $36.1 million, compared to second quarter's net income of $20.0 million.

HOTCHKIS & WILEY owns 3,315,921 shares as of 06/30/2011, which accounts for 0.185% of the $17.1 billion portfolio of Hotchkis & Wliey Capital Management LLC. John Paulson owns 7,676,827 shares as of 06/30/2011, which accounts for 0.252% of the $29.06 billion portfolio of Paulson & Co..

Director Mark A Emkes bought 2,000 shares of FHN stock on 07/20/2011 at the average price of 9.41. Mark A Emkes owns at least 17,942 shares after this. The price of the stock has decreased by 26.46% since.

Winmark Corp. (WINA, Financial): Chairman & CEO, 10% Owner John L Morgan Bought 1,384 Shares

Chairman & CEO, 10% Owner of Winmark Corp. (WINA) John L Morgan bought 1,384 shares on 10/17/2011 at an average price of $47.9. Winmark Corporation is a franchise company that franchises seven retail concepts which buy, sell, trade and consign merchandise. Winmark Corp. has a market cap of $238.2 million; its shares were traded at around $47.9 with a P/E ratio of 19.3 and P/S ratio of 5.8. The dividend yield of Winmark Corp. stocks is 0.3%. Winmark Corp. had an annual average earnings growth of 13% over the past 10 years.

Winmark recently announced net income for the quarter ended September 24, 2011 of $3,483,500, or $.66 per share diluted, compared to net income of $2,690,000, or $.51 per share diluted, in 2010. For the nine months ended September 24, 2011, net income was $9,910,000, or $1.89 per share diluted, compared to net income of $7,209,800, or $1.39 per share diluted, for the same period last year.

10% Owner Ronald G Olson sold 2,000 shares of WINA stock on 08/05/2011 at the average price of 45. Ronald G Olson owns at least 689,035 shares after this. The price of the stock has increased by 6.44% since. Other insiders have also decreased their positions in the company.