Weekly CEO Buys Highlight: Saul Centers Inc, China Marine Food Group Ltd, Charming Shoppes Inc, ProLogis, Pinnacle Entertainment Inc.

Weekly CEO Buys Highlight: BFS, CMFO, CHRS, PLD, PNK

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Jul 03, 2010
Last week's top five stocks that were bought by their CEOs were Saul Centers Inc, China Marine Food Group Ltd, Charming Shoppes Inc, ProLogis, and Pinnacle Entertainment Inc. 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 125,500 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 125,500 shares during the past week at an average price of $40.94. 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 $746.6 million; its shares were traded at around $40.94 with and P/S ratio of 4.7. The dividend yield of Saul Centers Inc. stocks is 3.5%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.


Saul Centers recently reported its first quarter 2010 results. Total revenue increased 10% to $43.6 million, compared with $39.7 million in the first quarter of 2009.


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 1.16% since.


China Marine Food Group Ltd (CMFO, Financial): CEO, 10% Owner Pengfei Liu Bought 190,500 Shares

CEO, 10% Owner of China Marine Food Group Ltd (CMFO) Pengfei Liu bought 190,500 shares on 07/01/2010 at an average price of $4.2. CHINA MARINE FOOD GROUP LTD. processes and distributes processed seafood products, and fresh and frozen marine catch to five provinces in the PRC. China Marine Food Group Ltd has a market cap of $119.7 million; its shares were traded at around $4.2 with a P/E ratio of 6.4 and P/S ratio of 1.6.


CMFO recently reported its first quarter 2010 results. Revenue was $19.7 million, up 18.7% from the first quarter of 2009. The Company's processed seafood segment accounted for 84.0% of totalrevenue, growing 47.3% year over year, and gross profit was $6.6 million, up 61.0%, and operating income was up 42.0% to $5.0 million from first quarter 2009.


Buy: Kent C Mccarthy bought 45,000 shares of CMFO stock on 07/01/2010 at the average price of 4.12. Kent C Mccarthy owns at least 3,165,062 shares after this. The price of the stock has increased by 1.94% since.


Charming Shoppes Inc. (CHRS, Financial): President and CEO James P Fogarty Bought 125,000 Shares

President and CEO of Charming Shoppes Inc. (CHRS) James P Fogarty bought 125,000 shares on 06/24/2010 at an average price of $3.38. Charming Shoppes operates women's specialty apparel stores under the names Fashion Bug, Fashion Bug Plus, Catherine's, PS. Charming Shoppes Inc. has a market cap of $391.4 million; its shares were traded at around $3.38 with and P/S ratio of 0.2.


CHRS recently reported its first quarter results. Net sales decreased $33.3 million or 6.2% to $504.8 million, reflecting the impact of 144 net store closings over the previous twelve months, a 2% decrease in comparable store sales, a decrease in the Company's Direct-to-Consumer Segment's sales related to the closing of the Lane Bryant Woman catalog and shoetrader.com in the first half of fiscal year 2009, and a 36% increase in e-commerce sales.


George Soros bought 28,200 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC. Michael Price owns 327,900 shares as of 03/31/2010, which accounts for 0.37% of the $490 million portfolio of MFP Investors LLC. Robert Rodriguez owns 6,653,100 shares as of 03/31/2010, which accounts for 4.43% of the $821 million portfolio of FPA Capital.


Buy: PRESIDENT - FASHION BUG Jay Levitt bought 25,000 shares of CHRS stock on 06/08/2010 at the average price of 3.83. Jay Levitt owns at least 42,331 shares after this. The price of the stock has decreased by 11.75% since.


ProLogis (PLD, Financial): CEO Walter C Rakowich Bought 20,000 Shares

CEO of ProLogis (PLD) Walter C Rakowich bought 20,000 shares on 06/25/2010 at an average price of $9.67. ProLogis is a real estate investment trust that operates a global network of industrial distribution facilities. Prologis has a market cap of $4.61 billion; its shares were traded at around $9.67 with a P/E ratio of 14.6 and P/S ratio of 3.7. The dividend yield of Prologis stocks is 6.1%.


PLD recently reported its first quarter 2010 results. ProLogis reported funds from operations, including significant non-cash items, of $0.01 per diluted share for the first quarter of 2010, compared with $0.90 in the first quarter of 2009. The company reported a net loss of $0.19 per diluted share for the first quarter of 2010, compared with net income of $0.66 for the same period in 2009.


Third Avenue Management owns 1,539,369 shares as of 03/31/2010, which accounts for 0.38% of the $5.36 billion portfolio of Third Avenue Management. Chris Davis owns 38,529 shares as of 03/31/2010, a decrease of 99.29% of from the previous quarter. This position accounts for less than 0.01% of the $64.13 billion portfolio of Davis Selected Advisers.


Buy: CFO William E Sullivan bought 10,000 shares of PLD stock on 06/24/2010 at the average price of 10.76. William E Sullivan owns at least 129,829 shares after this. The price of the stock has decreased by 10.13% since.


Pinnacle Entertainment Inc. (PNK, Financial): President and CEO Anthony Michael Sanfilippo Bought 16,250 Shares

President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 16,250 shares during the past week at an average price of $9.03. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment Inc. has a market cap of $546.8 million; its shares were traded at around $9.03 with and P/S ratio of 0.6.


PNK recently reported its first quarter 2010 results. The company announced that its revenue for the first quarter 2010 was $267 million, compared to $259 million in the first quarter of 2009. "Pinnacle generated solid first quarter operating results which reflect the initial benefits of our heightened focus on achieving operating efficiencies and exercising financial discipline throughout the Company. Our success with these strategies in the first quarter should provide an excellent foundation for further progress throughout the balance of the year," said Anthony Sanfilippo, president and chief executive officer of Pinnacle Entertainment. "Our operating and growth strategy is to build profitable revenue through the Company's commitment to a 'best-in-market' approach to the guest experience, further operating efficiency improvements and a disciplined view on capital spending and expansion."


George Soros bought 14,100 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC.


Sell: Exec. Vice Pres. & CFO Stephen H Capp sold 8,000 shares of PNK stock on 05/18/2010 at the average price of 13.9. Stephen H Capp owns at least 12,110 shares after this. The price of the stock has decreased by 35.04% since. There are mixed trades from other insiders.