logo
  Join        Login             Stock Quote

Insider Weekends – November 23, 2012

 November 25, 2012 04:39 PM
 


Welcome to edition 129 of Insider Weekends. Insider buying decreased with insiders purchasing $60.9 million of their stock last week compared to $155.86 million in the week prior. Selling increased with insiders selling $2.04 billion of stock last week compared to $1.24 billion in the week prior. The big jump in insider selling was driving by secondary offerings by shareholders of industrial products company MRC Global (MRC) and IT services provider SericeNow (NOW). While insider buying dropped, there were a number of interesting purchases of beaten down stocks that did not make the top 5 insider purchases list. As mentioned in one my tweets, some of these stocks that saw insider buying include Constant Contact (CTCT), STEC (STEC), Glu Mobile (GLUU), Audience (ADNC), Molycorp (MCP), MEMC Electronic Materials (WFR) and Strayer Education (STRA).

[Related -Is Intel (INTC) About To Buy One Of These Companies?]

[Related -The Best Of Three Tech Shorts]

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week jumped to 33.54. In other words, insiders sold more than 33 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 7.94. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio November 23, 2012

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. AGCO Corporation (AGCO): $45.61

Director Mallika Srinivasan acquired 350,734 shares of this farm & construction machinery company, paying $44.61 per share for a total amount of $15.65 million. These shares were purchased indirectly by Tractors and Farm Equipment Limited.

You can view the list of recent insider transactions for AGCO Corporation here.

P/E: 6.38Forward P/E: 8.2Industry P/E: 9.65
P/S: 0.44Price/Book: 1.29EV/EBITDA: 5.67
Market Cap: $4.42BAvg. Daily Volume: 1,103,40052 Week Range: $38.09 – $54

2. Kansas City Southern (KSU): $77.61

Director Henry R. Davis acquired 67,300 shares of this railroads company, paying $73.92 per share for a total amount of $4.97 million. Mr. Davis increased his stake by 64.23% to 172,084 shares with this purchase.

You can view the list of recent insider transactions for Kansas City Southern here.

P/E: 22.43Forward P/E: 18.93Industry P/E: 14.21
P/S: 3.82Price/Book: 2.79EV/EBITDA: 11.82
Market Cap: $8.54BAvg. Daily Volume: 876,02652 Week Range: $61.22 – $83.98

3. Cheniere Energy Partners LP. (CQP): $21.13

Chairman & CEO Charif Souki acquired 117,000 shares of this oil & gas pipelines company, paying $18.36 per share for a total amount of $2.15 million. These shares were purchased indirectly by Mr. Souki's wife.

You can view the list of recent insider transactions for Cheniere Energy Partners LP. here.

P/E: N/AForward P/E: N/AIndustry P/E: 23.51
P/S: 21.34Price/Book: 6.28EV/EBITDA: 63.54
Market Cap: $5.81BAvg. Daily Volume: 425,91052 Week Range: $15.75 – $27.47

4. J. C. Penney Company, Inc. (JCP): $17.29

Director Javier G. Teruel acquired 126,000 shares of this department stores chain, paying $15.98 per share for a total amount of $2.01 million. Mr. Teruel increased his stake by 393.59% to 158,013 shares with this purchase.

You can view the list of recent insider transactions for J. C. Penney Company, Inc. here.

P/E: N/AForward P/E: 101.71Industry P/E: 18.45
P/S: 0.26Price/Book: 1.08EV/EBITDA: 18.22
Market Cap: $3.79BAvg. Daily Volume: 8,904,68052 Week Range: $15.69 – $43.18

5. Corning Inc. (GLW): $11.29

Director Gordon Gund acquired 170,000 shares of this diversified electronics company, paying $10.76 per share for a total amount of $1.83 million. These shares were purchased indirectly through a trust.

You can view the list of recent insider transactions for Corning Inc. here.

P/E: 8.97Forward P/E: 8.68Industry P/E: 13.85
P/S: 2.12Price/Book: 0.75EV/EBITDA: 5.76
Market Cap: $16.68BAvg. Daily Volume: 13,881,70052 Week Range: $10.62 – $15.04

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Fidelity National Financial, Inc. (FNF): $23.66

Shares of this insurance company were sold by 3 insiders:

  • Director William P. Foley II sold 884,118 shares for $22.71, generating $20.08 million from the sale. 350,000 of these shares were sold indirectly by Folco Development Corporation.
  • EVP, Chief Legal Officer Peter T. Sadowski sold 150,000 shares for $22.37, generating $3.36 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Director Daniel D. Lane sold 10,050 shares for $22.92, generating $230,347 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Fidelity National Financial, Inc. here.

P/E: 8.42Forward P/E: 13.22Industry P/E: 22.77
P/S: 0.83Price/Book: 1.26EV/EBITDA: 6.3
Market Cap: $5.24BAvg. Daily Volume: 2,558,38052 Week Range: $15 – $23.75

2. Medidata Solutions, Inc. (MDSO): $41.82

Shares of this software-as-a-service company were sold by 2 insiders:

  • President Glen de Vries sold 204,000 shares for $40.01, generating $8.16 million from the sale.
  • Chairman & CEO Tarek Sherif sold 204,000 shares for $40.01, generating $8.16 million from the sale.

You can view the list of recent insider transactions for Medidata Solutions, Inc. here.

P/E: 34.88Forward P/E: 35.74Industry P/E: 35.3
P/S: 5.1Price/Book: 8.19EV/EBITDA: 26.29
Market Cap: $1.04BAvg. Daily Volume: 167,15652 Week Range: $18.14 – $43.79

3. CBRE Group, Inc (CBG): $17.87

Shares of this commercial real estate services company were sold by 2 insiders:

  • Chief Executive Officer Brett W. White sold 864,599 shares for $17.82, generating $15.41 million from the sale. 194,246 of these shares were sold as a result of exercising options immediately prior to the sale.
  • EVP, General Counsel Laurence H. Midler sold 24,269 shares for $17.75, generating $430,862 from the sale.

You can view the list of recent insider transactions for CBRE Group, Inc here.

P/E: 26.05Forward P/E: 12.86Industry P/E: 15.49
P/S: 0.91Price/Book: 4.25EV/EBITDA: 10.77
Market Cap: $5.76BAvg. Daily Volume: 3,341,47052 Week Range: $14.18 – $21.16

4. EOG Resources, Inc. (EOG): $118.99

Shares of this independent oil & gas company were sold by 2 insiders:

  • Chairman & CEO Mark G. Papa sold 100,000 shares for $115.30, generating $11.53 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Chief Operating Officer Gary L. Thomas sold 27,409 shares for $115.52, generating $3.17 million from the sale. 26 of these shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for EOG Resources, Inc. here.

P/E: 26.85Forward P/E: 19.07Industry P/E: 19.25
P/S: 3Price/Book: 2.32EV/EBITDA: 6.77
Market Cap: $32.23BAvg. Daily Volume: 1,749,30052 Week Range: $82.48 – $124.49

5. Intuit Inc. (INTU): $59.16

Shares of this accounting and tax software company were sold by 3 insiders:

  • Chairman of Exec. Committee Scott D. Cook sold 200,000 shares for $58.80, generating $11.76 million from the sale. These shares were sold indirectly through trusts.
  • EVP, Small Business Group Kiran M. Patel sold 40,000 shares for $58.89, generating $2.36 million from the sale. 25,000 of these shares were sold as a result of exercising options immediately prior to the sale.
  • SVP, General Counsel & Corporate Secretary Laura A. Fennell sold 10,000 shares for $58.98, generating $589,812 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Intuit Inc. here.

P/E: 21.46Forward P/E: 15.86Industry P/E: 23.69
P/S: 4.1Price/Book: 6.31EV/EBITDA: 12.32
Market Cap: $17.51BAvg. Daily Volume: 1,847,20052 Week Range: $50.36 – $62.33

You can view the full list of sales from this Insider Sales page.

Voluntary Disclosure: I hold long positions in Corning (GLW), Glu Mobile (GLUU) and Audience (ADNC).

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.