Weekly CEO Buys Highlight: Bruker BioSciences Corp, Dynex Capital Inc, American Dairy Inc, Pioneer Drilling Company, MettlerToledo International Inc.

Weekly CEO Buys Highlight: BRKR, DX, ADY, PDC, MTD

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Mar 22, 2010
Last week’s top five stocks that were bought by their CEOs were Bruker BioSciences Corp, Dynex Capital Inc, American Dairy Inc, Pioneer Drilling Company, MettlerToledo International Inc. 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 200,000 Shares

CEO/President, 10% Owner of Bruker BioSciences Corp. (BRKR) Frank H Laukien bought 200,000 shares during the past week at an average price of $13.11. As of February 26, 2008, the renamed BRUKER CORPORATION has become the parent company of the entire Bruker group of companies. Bruker Biosciences Corp. has a market cap of $2.15 billion; its shares were traded at around $13.11 with a P/E ratio of 26.3 and P/S ratio of 2.

Bruker recently reported its fourth quarter 2009 results. The company announced that its GAAP revenue increased by 16% to $366.4 million, compared to revenue of $315.2 million in the fourth quarter of 2008. Fourth quarter revenue increased by 6% year-over-year. GAAP revenue increased by 13% year-over-year for the company’s BSI segment, and by 116% year-over-year for the company’s BEST segment.

Sell:: Director, 10% Owner Dirk D Laukien sold 2,000,000 shares of BRKR stock on 03/03/2010 at the average price of 12.95, the price of the stock has increased by 1.24% since. Other insiders have also decreased their positions in the company.

Dynex Capital Inc. (DX, Financial): Chairman and CEO, 10% Owner Thomas B Akin Bought 200,000 Shares

Chairman and CEO, 10% Owner of Dynex Capital Inc. (DX) Thomas B Akin bought 200,000 shares on 03/18/2010 at an average price of $9.06. Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Dynex Capital Inc. has a market cap of $128.4 million; its shares were traded at around $9.06 with a P/E ratio of 9.1 and P/S ratio of 3.4. The dividend yield of Dynex Capital Inc. stocks is 10.2%.

DX recently reported its fourth quarter results. The company reported net income to common shareholders for the fourth quarter of 2009 of $3.1 million or $0.23 per diluted common share and full year 2009 net income to common shareholders of $13.6 million, or $1.02 per diluted common share. Highlights for the quarter and year are summarized below:

Buy:: EVP, COO and CFO Stephen J Benedetti bought 806 shares of DX stock on 02/01/2010 at the average price of 8.53, the price of the stock has increased by 6.21% since.

American Dairy Inc. (ADY, Financial): Chairman, CEO, President Leng You-bin Bought 47,890 Shares

Chairman, CEO, President of American Dairy Inc. (ADY) Leng You-bin bought 47,890 shares on 03/17/2010 at an average price of $20.86. American Dairy, Inc. conducts operations in the People's Republic of China through its wholly owned subsidiary Feihe Dairy. American Dairy Inc. has a market cap of $452.7 million; its shares were traded at around $20.86 with a P/E ratio of 7.9 and P/S ratio of 2.4.

Sell:: VP Finance, Feihe Dairy Co. Liu Sheng-hui sold 18,000 shares of ADY stock on 11/30/2009 at the average price of 24.41, the price of the stock has decreased by 14.54% since.

Pioneer Drilling Company (PDC, Financial): President & CEO Stacy Locke Bought 56,300 Shares

President & CEO of Pioneer Drilling Company (PDC) Stacy Locke bought 56,300 shares on 03/12/2010 at an average price of $7.11. Pioneer Drilling provides land contract drilling services to independent and major oil and gas operators drilling wells in Texas, Louisiana, Oklahoma, Kansas, the Rocky Mountain region, and internationally in Colombia. Pioneer Drilling Company has a market cap of $384.8 million; its shares were traded at around $7.11 with and P/S ratio of 1.1. Pioneer Drilling Company had an annual average earning growth of 102.3% over the past 5 years.

PDC recently reported its fourth quarter 2009 results. Net loss for the fourth quarter was $8.4 million, or $0.16 per diluted share, compared with a net loss for the third quarter of 2009 ("the prior quarter") of $9.2 million, or $0.18 per diluted share. The net loss for the fourth quarter of 2009 included the positive earnings impact of a $3.5 million tax benefit from the reversal of a valuation allowance on deferred tax assets associated with foreign net operating losses that we expect to apply against future taxable income. Net loss adjusted to exclude that tax benefit was $11.9 million, or $0.23 per diluted share for the fourth quarter of 2009(1).

Third Avenue Management owns 3,840,896 shares as of 12/31/2009, which accounts for 0.58% of the $5.23 billion portfolio of Third Avenue Management. John Keeley sold out his holdings in the quarter that ended on 12/31/2009.

Buy:: EVP & CFO Lorne Phillips bought 42,275 shares of PDC stock on 03/12/2010 at the average price of 7.28, the price of the stock has decreased by 2.34% since. Other insiders have decreased their positions in the company.

MettlerToledo International Inc. (MTD, Financial): President and CEO Oliver A Filliol Bought 2,549 Shares

President and CEO of MettlerToledo International Inc. (MTD) Oliver A Filliol bought 2,549 shares on 03/12/2010 at an average price of $107.2. Mettler-Toledo is the world's largest manufacturer and marketer of weighinginstruments for use in laboratory, industrial and food retailing applications. Mettlertoledo International Inc. has a market cap of $3.62 billion; its shares were traded at around $107.2 with a P/E ratio of 19.2 and P/S ratio of 2.1. Mettlertoledo International Inc. had an annual average earning growth of 13.1% over the past 10 years. GuruFocus rated Mettlertoledo International Inc. the business predictability rank of 2.5-star.

MTD recently reported its fourth quarter 2009 results. Net earnings per diluted share as reported (EPS) were $2.01, compared with $1.84 in the fourth quarter of 2008. Adjusted EPS was $2.09, a 5% increase over the prior-year amount of $2.00.

Ruane Cunniff owns 73,167 shares as of 12/31/2009, which accounts for 0.1% of the $7.98 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Ron Baron owns 2,497,561 shares as of 12/31/2009, which accounts for 1.8% of the $14.58 billion portfolio of Baron Funds. David Dreman owns 293,994 shares as of 12/31/2009, which accounts for 0.76% of the $4.06 billion portfolio of Dreman Value Management.

Sell:: CFO William P Donnelly sold 25,000 shares of MTD stock on 12/09/2009 at the average price of 96.99, the price of the stock has increased by 10.53% since. Other insiders have decreased their positions in the company.