Weekly CEO Buy Highlights: Bruker BioSciences Corp, Cousins Properties Inc, FIFTH STREET FINANCE, Lakeland Bancorp Inc, Pier 1 Imports Inc.

Weekly CEO Buy Highlights: BRKR, CUZ, FSC, LBAI, PIR

Author's Avatar
Sep 27, 2009
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Bruker BioSciences Corp. (BRKR, Financial): CEO/President, 10% Owner Frank H Laukien Bought 100,000 Shares

CEO/President, 10% Owner of Bruker BioSciences Corp. (BRKR) Frank H Laukien bought 100,000 shares on 09/22/2009 at an average price of $9.6. As of February 26 2008 the renamed BRUKER CORPORATION has become the parent company of the entire Bruker group of companies. After the closing of the acquisition of the Bruker BioSpin Group Bruker Corporation now operates in two segments the life science and analytical (LSA) systems segment and the international advanced superconductor (IAS) segment. Bruker Biosciences Corp. has a market cap of $1.58 billion; its shares were traded at around $9.6 with a P/E ratio of 22.8 and P/S ratio of 1.4.

Bruker recently reported its second quarter results. The company reported a revenue of $252.5 million, and a GAAP Net income of $12.9 million. It also announced that its GAAP EPS was 8 cents per diluted share, and free cash flow was $32.8 million.

Sell: 10% Owner Isolde Laukien sold 3,000,000 shares of BRKR stock on 09/22/2009 at the average price of $9.36; the price of the stock has increased by 2.56% since.

Cousins Properties Inc. (CUZ, Financial): President & CEO Lawrence L Iii Gellerstedt Bought 100,000 Shares

President & CEO of Cousins Properties Inc. (CUZ) Lawrence L Iii Gellerstedt bought 100,000 shares during the past week at an average price of $8.14. Cousins Properties Inc. is an Atlanta-based fully integrated self administered equity REIT. The Company has a market cap of $425.7 million; its shares were traded at around $8.14 with a P/E ratio of 6.7 and P/S ratio of 2. The dividend yield of Cousins Properties Inc. stocks is 6%. Cousins Properties Inc. had an annual average earning growth of 0.3% over the past 10 years.

CUZ recently reported its second quarter 2009 results. The company announced that its net income available to common stockholders was $7 million, or 13 cents per share, compared to net income available of $2.9 million, or 5 cents per share, for the second quarter of 2008.

Ruane Cunniff owns 12,224 shares as of 06/30/2009, which accounts for less than 0.01% of the $6.9 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Third Avenue Management owns 84,545 shares as of 06/30/2009, which accounts for 0.02% of the $4.36 billion portfolio of Third Avenue Management. Chris Davis owns 3,037,910 shares as of 06/30/2009, a decrease of 23.23% of from the previous quarter. This position accounts for 0.05% of the $51.82 billion portfolio of Davis Selected Advisers.

Buy: Chairman of the Board S Taylor Glover bought 100,000 shares of CUZ stock on 09/21/2009 at the average price of $6.94; the price of the stock has increased by 17.29% since. Other insiders have also been increasing their positions in the company.

FIFTH STREET FINANCE (FSC, Financial): CEO & President Leonard M Tannenbaum Bought 22,685 Shares

CEO & President of FIFTH STREET FINANCE (FSC) Leonard M Tannenbaum bought 22,685 shares on 09/23/2009 at an average price of $10.79. FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments. Fifth Street Finance has a market cap of $348.6 million; its shares were traded at around $10.79 with a P/E ratio of 8.9 and P/S ratio of 10.6. The dividend yield of Fifth Street Finance stocks is 9.3%.

Fifth Street Finance recently reported its second quarter results. The company announced that its net investment income for the quarter was $7.9 million, or 35 cents per share, compared to $5.1 million a year ago.

David Einhorn owns 2,259,492 shares as of 06/30/2009, which accounts for 0.82% of the $2.76 billion portfolio of Greenlight Capital Inc.

Buy: CCO, Exec. V.P.& Sec Bernard D Berman bought 1,000 shares of FSC stock on 08/19/2009 at the average price of $9.7; the price of the stock has increased by 11.24% since. Other insiders have also increased their positions in the company.

Lakeland Bancorp Inc. (LBAI, Financial): President and CEO Thomas Shara Bought 10,000 Shares

President and CEO of Lakeland Bancorp Inc. (LBAI) Thomas Shara bought 10,000 shares on 09/22/2009 at an average price of $8.12. LAKELAND BANCORP INC. is a bank holding company engaged in general banking business. Lakeland Bancorp Inc. has a market cap of $193.3 million; its shares were traded at around $8.12 with and P/S ratio of 1.2. The dividend yield of Lakeland Bancorp Inc. stocks is 2.5%. Lakeland Bancorp Inc. had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Lakeland Bancorp Inc. the business predictability rank of 4.5-star.

Lakeland Bancorp recently reported its second quarter results. The company announced that it had a net loss of $12.7 million, or 58 cents per diluted share, compared to a net gain of 12 cents per diluted share a year ago.

Buy: Director Stephen R Sr Tilton bought 15,000 shares of LBAI stock on 09/22/2009 at the average price of $8; the price of the stock has increased by 1.5% since.

Pier 1 Imports Inc. (PIR, Financial): President & CEO Alex Smith Bought 25,000 Shares

President & CEO of Pier 1 Imports Inc. (PIR) Alex Smith bought 25,000 shares on 09/21/2009 at an average price of $3.7. Pier 1 Imports Inc. consists of a chain of retail stores operating under the names `Pier 1 Imports` and `The Pier` selling a wide variety of furniture decorative home furnishings dining and kitchen goods accessories and other specialty items for the home. Additionally the company through certain subsidiaries operates stores in the United Kingdom under the name `The Pier.` The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. Pier 1 Imports Inc. has a market cap of $334.9 million; its shares were traded at around $3.7 with and P/S ratio of 0.3.

Pier 1 recently reported its second quarter results. The company announced that its operating loss improved about 46% over the last year. Same Store Sales dropped 7.6% compared with results from a year ago.

Buy: Exec. Vice Pres.-Merchandising Catherine David bought 4,000 shares of PIR stock on 09/21/2009 at the average price of $3.64; the price of the stock has increased by 1.65% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.