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Special Reports Update: Top Insider Purchases For 8/17/2010

 August 18, 2010 10:02 AM

Top Insider Purchases – August 17, 2010:

It was interesting to see two oil and natural gas companies make the top 5 list of insider purchases today. The $1.7 million CLR purchase by its CEO was one of the most significant purchases I have seen in a few days and the filing came in after hours. The company reported an 84% increase in revenue when it reported Q2 results and saw earnings increase six fold when compared to Q2 2009 even after removing one time items.

I decided to include two additional purchases even though the actual purchase amounts were small. I have noticed multiple purchases by the CEO of WINA and several insiders bought stock of video game producer THQI.

Notable Insider Buys:

[Related -Stock Upgrades And Downgrades: BBRY, DXCM, EMC, OC, ROST, SWY, STEL]

1. Continental Resources Inc. (CLR): $43.15

Shares of this explorer and producer of crude oil and natural gas were purchased by two insiders:

  • CEO & Chairman Harold Hamm acquired 40,000 shares. Paying $42.63 per share for a total amount of $1,705,200
  • Sr. Vice President Richard Muncrief acquired 1,000 shares, paying $42.66 per share for a total amount of $42,660
P/E: 28.41Forward P/E: 19.88Industry P/E: 14.73
P/S: 8.68Price/Book: 5.9EV/EBITDA: 11.37
Market Cap: $7.33BAvg. Daily Volume: 915,85452 Week Range: $32.78 – $52.53

[Related -Top Insider Buy Stocks: AVG, BAC, BLK, HAST, SPB, WINA]

2. Exelixis, Inc. (EXEL): $2.89

Shares of this biotech company were purchased by two insiders:

  • Director Lance Willsey acquired 100,000 shares, paying $2.39 per share for a total amount of $239,000
  • President & CEO Michael Morrissey acquired 30,000 shares, paying $2.94 per share for a total amount of $88,344
P/E: N/AForward P/E: N/AIndustry P/E: 16.07
P/S: 1.67Price/Book: N/AEV/EBITDA: -4.09
Market Cap: $314.01MAvg. Daily Volume: 1,116,92052 Week Range: $2.86 – $8

3. SandRidge Energy, Inc. (SD): $4.49

Director Daniel Jordan acquired 50,000 shares of this natural oil & gas company, paying $4.5 per share for a total amount of $225,000

P/E: N/AForward P/E: 13.21Industry P/E: 14.73
P/S: 2.68Price/Book: N/AEV/EBITDA: 13.13
Market Cap: $1.82BAvg. Daily Volume: 10,638,60052 Week Range: $4.35 – $15

4. Owens Corning (OC): $26.79

Shares of this building materials provider were purchased by two insiders:

  • Director Philip Handy acquired 4,000 shares, paying $25.9 per share for a total amount of $103,615
  • Sr. VP and General Counsel Stephen Krull acquired 1,848 shares, paying $27.01 per share for a total amount of $49,911
P/E: 3.28Forward P/E: 10.11Industry P/E: 17.35
P/S: 0.64Price/Book: 0.88EV/EBITDA: 7.02
Market Cap: $3.44BAvg. Daily Volume: 2,159,59052 Week Range: $19.57 – $37.36

5. MDC Partners Inc.  (MDCA): $12.10

Chairman, CEO and President Miles Nadal acquired 9,902 shares of this marketing communications services provider, paying $11.87 per share for a total amount of $117,537

P/E: N/AForward P/E: N/AIndustry P/E: 1.36
P/S: 0.59Price/Book: 4.48EV/EBITDA: N/A
Market Cap: N/AAvg. Daily Volume: 72,26252 Week Range: $5.99 – 13.19

6. Winmark Corp. (WINA): $31.43

Chairman & CEO John Morgan acquired 2,000 shares of this franchisor of value-oriented retail stores, paying $31.16 per share for a total amount of $62,320

P/E: 21.27Forward P/E: 17.86Industry P/E: 18.23
P/S: 3.94Price/Book: 9.13EV/EBITDA: 11.63
Market Cap: $157.50MAvg. Daily Volume: 10,67152 Week Range: $18.3 – $35.5

7. THQ Inc. (THQI): $3.84

Chairman, CEO & President Brian Farrell acquired 10,000 shares of this video game publisher, paying $3.62 per share for a total amount of $36,193

P/E: N/AForward P/E: 12.39Industry P/E: 17.05
P/S: 0.31Price/Book: 0.85EV/EBITDA: 0.34
Market Cap: $260.19MAvg. Daily Volume: 1,036,71052 Week Range: $3.33 – $8.29


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