Weekly highlight of top CEO buys: Landry's Restaurants Inc, Crown Holdings Inc, Prospect Capital Corp, Emeritus Corp, Travelzoo Inc.
Landry's Restaurants Inc. (LNY, Financial): CEO and President, Director, 10% Owner Tilman J Fertitta Bought 175,000 Shares
CEO and President, Director, 10% Owner of Landry's Restaurants Inc. (LNY) Tilman J Fertitta bought 175,000 shares on 09/19/2008 at an average price of $14.79. Landry's Seafood Restaurants Inc. owns and operates full-service mid-priced casual dining seafood restaurants under the restaurant divisional names Joe's Crab Shack Landry's Seafood House and The Crab House. The company's has a market cap of $238.75 million; its shares were traded at around $14.79 with a P/E ratio of 54.58 and P/S ratio of 0.18. The dividend yield of Landry's Restaurants Inc. stocks is 1.2%.
LNY has recently been experiencing many downgrades. It was recently downgraded by SMH Capital, from a Neutral to a Sell rating. In the beginning of 2008, it was also downgraded by CL King from a Strong Buy to Neutral. About a year ago, Oppenheimer also downgraded the company.
Crown Holdings Inc. (CCK, Financial): Chairman, President and CEO, Director John W Conway Bought 50,000 Shares
Chairman, President and CEO, Director of Crown Holdings Inc. (CCK) John W Conway bought 50,000 shares on 09/19/2008 at an average price of $24.01. Crown Cork & Seal is a leading supplier of packaging products to consumer marketing companies around the world. It has a market cap of $3.86 billion; its shares were traded at around $24.01 with a P/E ratio of 7.21 and P/S ratio of 0.44.
CCK has recently announced a re-affirmed in its financial outlook for the year. The company said that it expects profits to grow by over 20% compared to last year, which is about $800 to $820 million.
Jean-Marie Eveillard owns 874,520 shares as of 06/30/2008, which accounts for 0.2% of the $11.2 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. John Keeley sold out his holdings in the quarter that ended on 06/30/2008.
Prospect Capital Corp. (PSEC, Financial): CEO, Director John F Barry Bought 97,011 Shares
CEO, Director of Prospect Capital Corp. (PSEC) John F Barry bought 97,011 shares during the past week at an average price of $12.26. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments. It has a market cap of $361.92 million with a P/E ratio of 10.50 and P/S ratio of 4.78. The dividend yield of Prospect Capital Corp. stocks is 12.2%.
PSEC recently announced its 16 th consecutive dividend growth. This will be paid on October 16 th, and represents about 13% current dividend yield. The company’s dividend payout ratio is 95%.
John F Barry bought 70,000 more shares of PSEC stock on 09/17/2008 at the average price of $12.03; the price of the stock has increased by 1.91% since.
Emeritus Corp (ESC, Financial): Chairman & CEO, Director, 10% Owner Daniel R Baty Bought 36,281 Shares
Chairman & CEO, Director, 10% Owner of Emeritus Corp (ESC) Daniel R Baty bought 36,281 shares on 09/11/2008 at an average price of $26.32. Emeritus is one of the largest and most experienced national operators of assisted living residential communities. The company has a market cap of $1.03 billion; its shares were traded at around $26.32 with P/S ratio of 1.35.
ESC recently announced that it has filed for its stock to be traded on the New York Stock Exchange. “We believe our association with the NYSE will help to further raise our visibility within the investment community as we continue to focus on providing high-quality resident care and continued growth,” said Daniel Baty, Chairman and CEO.
Arnold Schneider owns 368,648 shares as of 06/30/2008, an increase of 621.42% from the previous quarter. John Keeley owns 408,000 shares as of 06/30/2008. Ron Baron owns 2,426,000 shares as of 06/30/2008.
Travelzoo Inc (TZOO, Financial): CEO, Director, 10% Owner Ralph Bartel Bought 87,448 Shares
CEO, Director, 10% Owner of Travelzoo Inc (TZOO) Ralph Bartel bought 87,448 shares during the past week at an average price of $7.92. Travelzoo Inc publishes Travelzoo and Weekend.com. Reaching several million users per month Travelzoo lists sales and specials from more than 200 advertisers including Alamo Rent-a-Car. It has a market cap of $113.14 million; its shares were traded at around $7.92 with P/S ratio of 1.36.
Travelzoo recently named Holger Bartel its new CEO. He was the company's vice president for 6 years and also VP of sales and marketing since 1999. He bought an additional 12,456 shares of TZOO stock on 09/16/2008 at the average price of $7.5; the price of the stock has increased by 5.6% since.
Landry's Restaurants Inc. (LNY, Financial): CEO and President, Director, 10% Owner Tilman J Fertitta Bought 175,000 Shares
CEO and President, Director, 10% Owner of Landry's Restaurants Inc. (LNY) Tilman J Fertitta bought 175,000 shares on 09/19/2008 at an average price of $14.79. Landry's Seafood Restaurants Inc. owns and operates full-service mid-priced casual dining seafood restaurants under the restaurant divisional names Joe's Crab Shack Landry's Seafood House and The Crab House. The company's has a market cap of $238.75 million; its shares were traded at around $14.79 with a P/E ratio of 54.58 and P/S ratio of 0.18. The dividend yield of Landry's Restaurants Inc. stocks is 1.2%.
LNY has recently been experiencing many downgrades. It was recently downgraded by SMH Capital, from a Neutral to a Sell rating. In the beginning of 2008, it was also downgraded by CL King from a Strong Buy to Neutral. About a year ago, Oppenheimer also downgraded the company.
Crown Holdings Inc. (CCK, Financial): Chairman, President and CEO, Director John W Conway Bought 50,000 Shares
Chairman, President and CEO, Director of Crown Holdings Inc. (CCK) John W Conway bought 50,000 shares on 09/19/2008 at an average price of $24.01. Crown Cork & Seal is a leading supplier of packaging products to consumer marketing companies around the world. It has a market cap of $3.86 billion; its shares were traded at around $24.01 with a P/E ratio of 7.21 and P/S ratio of 0.44.
CCK has recently announced a re-affirmed in its financial outlook for the year. The company said that it expects profits to grow by over 20% compared to last year, which is about $800 to $820 million.
Jean-Marie Eveillard owns 874,520 shares as of 06/30/2008, which accounts for 0.2% of the $11.2 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. John Keeley sold out his holdings in the quarter that ended on 06/30/2008.
Prospect Capital Corp. (PSEC, Financial): CEO, Director John F Barry Bought 97,011 Shares
CEO, Director of Prospect Capital Corp. (PSEC) John F Barry bought 97,011 shares during the past week at an average price of $12.26. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments. It has a market cap of $361.92 million with a P/E ratio of 10.50 and P/S ratio of 4.78. The dividend yield of Prospect Capital Corp. stocks is 12.2%.
PSEC recently announced its 16 th consecutive dividend growth. This will be paid on October 16 th, and represents about 13% current dividend yield. The company’s dividend payout ratio is 95%.
John F Barry bought 70,000 more shares of PSEC stock on 09/17/2008 at the average price of $12.03; the price of the stock has increased by 1.91% since.
Emeritus Corp (ESC, Financial): Chairman & CEO, Director, 10% Owner Daniel R Baty Bought 36,281 Shares
Chairman & CEO, Director, 10% Owner of Emeritus Corp (ESC) Daniel R Baty bought 36,281 shares on 09/11/2008 at an average price of $26.32. Emeritus is one of the largest and most experienced national operators of assisted living residential communities. The company has a market cap of $1.03 billion; its shares were traded at around $26.32 with P/S ratio of 1.35.
ESC recently announced that it has filed for its stock to be traded on the New York Stock Exchange. “We believe our association with the NYSE will help to further raise our visibility within the investment community as we continue to focus on providing high-quality resident care and continued growth,” said Daniel Baty, Chairman and CEO.
Arnold Schneider owns 368,648 shares as of 06/30/2008, an increase of 621.42% from the previous quarter. John Keeley owns 408,000 shares as of 06/30/2008. Ron Baron owns 2,426,000 shares as of 06/30/2008.
Travelzoo Inc (TZOO, Financial): CEO, Director, 10% Owner Ralph Bartel Bought 87,448 Shares
CEO, Director, 10% Owner of Travelzoo Inc (TZOO) Ralph Bartel bought 87,448 shares during the past week at an average price of $7.92. Travelzoo Inc publishes Travelzoo and Weekend.com. Reaching several million users per month Travelzoo lists sales and specials from more than 200 advertisers including Alamo Rent-a-Car. It has a market cap of $113.14 million; its shares were traded at around $7.92 with P/S ratio of 1.36.
Travelzoo recently named Holger Bartel its new CEO. He was the company's vice president for 6 years and also VP of sales and marketing since 1999. He bought an additional 12,456 shares of TZOO stock on 09/16/2008 at the average price of $7.5; the price of the stock has increased by 5.6% since.
