Weekly CEO Buys Highlight: PBI, DRIV, CYS, KAMN, WLT

Author's Avatar
May 13, 2013
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:



Pitney Bowes Inc. (PBI, Financial): President and CEO Marc Bradley Lautenbach Bought 66,000 Shares

President and CEO of Pitney Bowes Inc. (PBI) Marc Bradley Lautenbach bought 66,000 shares on 05/07/2013 at an average price of $15.44. Pitney Bowes Inc. was incorporated in the state of Delaware on April 23, 1920, as the Pitney Bowes Postage Meter Company. Pitney Bowes Inc. has a market cap of $3.16 billion; its shares were traded at around $15.44 with a P/E ratio of 8.55 and P/S ratio of 0.65. The dividend yield of Pitney Bowes Inc. stocks is 8.50%.

PBI recently reported its first quarter 2013 financial results. First quarter revenue for the company was $1.2 billion. Adjusted EPS was $0.42.

Joel Greenblatt owns 530,349 shares as of 12/31/2012, which accounts for 0.33% of the $1.73 billion portfolio of Gotham Capital. David Dreman owns 167,938 shares as of 12/31/2012, which accounts for 0.051% of the $3.49 billion portfolio of Dreman Value Management. Dodge & Cox owns 2,476,554 shares as of 12/31/2012, which accounts for 0.035% of the $74.52 billion portfolio of Dodge & Cox. NWQ Managers owns 4,992,616 shares as of 12/31/2012, which accounts for 0.44% of the $12.15 billion portfolio of NWQ Investment Management Co.

Digital River Inc. (DRIV, Financial): CEO David C Dobson Bought 30,000 Shares

CEO of Digital River Inc. (DRIV) David C Dobson bought 30,000 shares on 05/09/2013 at an average price of $14.91. Digital River Inc. was incorporated in Delaware in February 1994. Digital River Inc. has a market cap of $533.737 million; its shares were traded at around $14.91 with a P/E ratio of 60.00 and P/S ratio of 1.24.

Joel Greenblatt owns 149,059 shares as of 12/31/2012, an increase of 44.8% from the previous quarter. This position accounts for 0.12% of the $1.73 billion portfolio of Gotham Capital.

Digital River recently reported its first quarter 2013 financial results. First quarter revenue totaled $113.7 million, compared to $102.4 million during the same period in 2012. This result exceeded management’s first quarter revenue guidance of $101 to $104 million.

CFO Stefan B. Schulz bought 1,000 shares of DRIV stock on 05/09/2013 at the average price of 14.83. Stefan B. Schulz owns at least 123,124 shares after this. The price of the stock has increased by 0.54% since. Other insiders have also increased their positions in the company.

CYS Investments Inc. (CYS, Financial): Chairman, CEO, CIO, President Kevin E. Grant Bought 30,058 Shares

Chairman, CEO, CIO, President of CYS Investments Inc. (CYS) Kevin E. Grant bought 30,058 shares on 05/06/2013 at an average price of $11.93. CYS Investments Inc. is a Maryland Corporation. CYS Investments Inc. has a market cap of $2.1 billion; its shares were traded at around $11.93 with a P/E ratio of 6.61 and P/S ratio of 4.66. The dividend yield of CYS Investments Inc. stocks is 14.00%.

George Soros bought 43,000 shares in the quarter that ended on 12/31/2012, which is 0.0061% of the $8.36 billion portfolio of Soros Fund Management LLC.

CYS recently reported its first quarter 2013 financial results. The company announced GAAP net loss available to common shares of $17.7 million, or $0.10 per diluted common share.

Director Jeffrey Hughes bought 50,000 shares of CYS stock on 05/07/2013 at the average price of $12. Jeffrey Hughes owns at least 174,869 shares after this. The price of the stock has decreased by 0.58% since. There are mixed trades from other insiders.

Kaman Corporation (KAMN, Financial): Chairman, President and CEO Neal J. Keating Bought 5,000 Shares

Chm, Pres & CEO of Kaman Corporation (KAMN) Neal J. Keating bought 5,000 shares on 05/06/2013 at an average price of $33.70. Kaman Corporation was incorporated in 1945. The Company conducts its business in the aerospace and industrial distribution markets. Kaman Corporation has a market cap of $906.427 million; its shares were traded at around $33.70 with a P/E ratio of 17.36 and P/S ratio of 0.57. The dividend yield of Kaman Corporation stocks is 1.90%. Kaman Corporation had an annual average earnings growth of 13.1% over the past five years.

Executive Vice President of Kaman Corp and President KAG Gregory L. Steiner sold 1 shares of KAMN stock on 03/12/2013 at the average price of $35.15. Gregory L. Steiner owns at least 27,155 shares after this. The price of the stock has decreased by 4.13% since. Other insiders have also decreased their positions in the company.

Walter Energy Inc. (WLT, Financial): CEO Walter J. Scheller Bought 8,585 Shares

CEO of Walter Energy Inc. (WLT) Walter J. Scheller bought 8,585 shares on 05/06/2013 at an average price of $19.59. Walter Energy Inc. is a Delaware corporation. The company is a producer and exporter of metallurgical coal for the global steel industry and also produces thermal coal and industrial coal, anthracite, metallurgical coke, coal bed methane gas (natural gas) and other related products. Walter Energy Inc. has a market cap of $1.18 billion; its shares were traded at around $19.59 with a P/E ratio of 6.00 and P/S ratio of 0.54. The dividend yield of Walter Energy Inc. stocks is 2.55%.

Walter Energy recently reported its first quarter 2013 financial results. Revenues were $491 million in the first quarter of 2013, an increase of 3% from the fourth quarter of 2012. Revenues declined from $632 million in the first quarter of 2012, due to industry-wide lower metallurgical coal prices.

John Keeley bought 47,750 shares in the quarter that ended on 12/31/2012, which is 0.038% of the $4.48 billion portfolio of Keeley Fund Management. John Burbank owns 489,300 shares as of 12/31/2012, an increase of 6558.05% from the previous quarter. This position accounts for 0.68% of the $2.59 billion portfolio of Passport Capital.

Senior Vice President and CFO William G. Harvey bought 5,000 shares of WLT stock on 05/06/2013 at the average price of $17.56. William G. Harvey owns at least 13,377 shares after this. The price of the stock has increased by 11.56% since. Other insiders have also increased their positions in the company.