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Special Reports Update: Top Insider Purchases

 August 06, 2010 12:13 PM
 


Top Insider Purchases – August 5, 2010:

1. Symantec Corporation (NASDAQ: SYMC): $13.09

Director Michael Brown acquired 40,000 shares of this security and storage solutions provider, paying $13 per share for a total amount of $520,000.

P/E: 13.29Forward P/E: 8.61Industry P/E: 29.91
P/S: 1.74Price/Book: 2.29EV/EBITDA: 5.32
Market Cap: $10.42BAvg. Daily Volume: 15,680,70052 Week Range: $12.82 – $19.16

[Related -The Best Of Three Tech Shorts]

2. CA Technologies (NASDAQ: CA): $19.79

Director Arthur Weinbach acquired 20,000 shares of this IT services company, paying $19.78 per share for a total amount of $395,564. CA was also mentioned in the Insider Weekends – July 30 post when another director acquired 25,000 shares.

P/E: 13Forward P/E: 9.85Industry P/E: 24.04
P/S: 2.34Price/Book: 2EV/EBITDA: 5.73
Market Cap: $10.21BAvg. Daily Volume: 5,907,05052 Week Range: $17.8 – $24.15

3. Corning Inc. (NYSE: GLW): $19.22

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Director John Canning Jr. acquired 20,000 shares of this manufacturer of specialty glass and ceramics products, paying $19.16 per share for a total amount of $383,190.

P/E: 9.74Forward P/E: 9.29Industry P/E: 18.12
P/S: 4.79Price/Book: 1.76EV/EBITDA: 12.84
Market Cap: $30.01BAvg. Daily Volume: 18,096,40052 Week Range: $14.14 – $21.1

4. White Mountains Insurance Group, Ltd. (NYSE: WTM): $320

Director Yves Brouillette acquired 1,000 shares of this insurance company, paying $318.73 per share for a total amount of $318,729.

P/E: 7.08Forward P/E: 17.32Industry P/E: 8.19
P/S: 0.64Price/Book: 0.78EV/EBITDA: N/A
Market Cap: $2.79BAvg. Daily Volume: 27,55752 Week Range: $276.27 – $363.37

5. Whole Foods Market, Inc. (NASDAQ: WFMI): $36.36

Director William Tindell acquired 8,000 shares of this 0perator of natural and organic food supermarkets, paying $36.43 per share for a total amount of $291,432.

P/E: 30.4Forward P/E: 22.73Industry P/E: 16.79
P/S: 0.73Price/Book: 2.8EV/EBITDA: 10.23
Market Cap: $6.23BAvg. Daily Volume: 2,661,91052 Week Range: $24.94 – $43.18

Since all the purchases above were by directors of companies and not by members of their management team, I decided to highlight 5 additional companies today where members of the management team purchased stock.

Top Insider Management Purchases – August 5, 2010:

1. MDC Partners Inc. (NASDAQ: MDCA): $12.61

Shares of this marketing communications services provider were purchased by two insiders.

  • Chairman, CEO & President Miles Nadal acquired 12,500 shares, paying $12.46 per share for a total amount of $155,800. Mr. Nadal was also mentioned in yesterday's post when he acquired 63,288 shares.
  • Vice Chairman Stephen Pustil acquired 5,000 shares, paying $12.45 per share for a total amount of $62,250
P/E: N/AForward P/E: N/AIndustry P/E: N/A
P/S: 0.62Price/Book: 4.65EV/EBITDA: N/A
Market Cap: $364.60MAvg. Daily Volume: 85,79752 Week Range: 5.99 - 13.19

2. BioScrip Inc. (NASDAQ: BIOS): $4.24

Shares of this specialty pharmaceutical healthcare organization were acquired by two insiders

  • Chief Financial Officer Stanley Rosenbaum acquired 20,000 shares, paying $4.24 per share for a total amount of $84,702
  • Executive Vice President Barry Posnen acquired 10,000 shares, paying $4.19 per share for a total amount of $41,850
P/E: 4.38Forward P/E: 8.48Industry P/E: 15.72
P/S: 0.16Price/Book: 0.85EV/EBITDA: 18.53
Market Cap: $226.29MAvg. Daily Volume: 523,31252 Week Range: $4.12 – $9.84

3. MEMC Electronic Materials Inc. (NYSE: WFR): $9.53

Shares of this manufacturer of silicon wafers were purchased by two insiders following a steep decline in the stock price last week after the company reported disappointing results. A third insider (SVP Sales & Marketing) also acquired 3,200 shares on August 3rd.

  • SVP & CFO Charles Timothy Oliver acquired 8,000 shares, paying $9.52 per share for a total amount of $76,160
  • Principal Accounting Officer Denis McCarthy acquired 1,145 shares, paying $9.54 per share for a total amount of $10,923
P/E: N/AForward P/E: 9.53Industry P/E: 22.87
P/S: 1.39Price/Book: 1.01EV/EBITDA: 19.92
Market Cap: $2.16BAvg. Daily Volume: 7,502,98052 Week Range: $9.19 – $19.31

4. MFA Financial, Inc. (NYSE: MFA): $7.25

Shares of this real estate investment trust were purchased by two insiders

  • President & CFO William Gorin acquired 6,000 shares, paying $7.26 per share for a total amount of $43,560
  • Senior VP & General Counsel Timothy Korth acquired 1,000 shares, paying $7.26 per share for a total amount of $7,260
P/E: 6.54Forward P/E: 7.32Industry P/E: 14.93
P/S: 5.85Price/Book: 0.91EV/EBITDA: N/A
Market Cap: $2.03BAvg. Daily Volume: 5,866,01052 Week Range: $6.14 – $8.39

5. CalAmp Corp. (NASDAQ: CAMP): $2.3901

Chief Executive Officer Richard Gold acquired 8,507 shares of this developer and marketer of wireless communications solutions, paying $2.34 per share for a total amount of $19,923

P/E: N/AForward P/E: 5.83Industry P/E: 18.12
P/S: 0.56Price/Book: 3.75EV/EBITDA: -12.27
Market Cap: $66.07MAvg. Daily Volume: 114,74052 Week Range: $1.6 – $3.77

Voluntary Disclosure: I have a long position in MEMC Electronic Materials (WFR)

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