In the past week, three different companies reported insider
cluster buys involving three or more corporate executives. The
following three companies are also nearing or sitting at their
52-week lows in price.
Digital River (
Digital River reported
four insider buys
this past week. These buys came from CEO David Dobson, Director
Thomas Madison, VP and General Counsel Kevin Cruddlen and CFO
CEO David Dobson made the largest transaction by adding 30,000
shares to his stake. The shares traded at an average price of
$14.88 for a total transaction amount of $446,400. Dobson now
owns at least 419,474 shares of DRIV. Since his buy, the price of
the stock has increased 10.15%.
The other three insiders added a combined total of 11,030 shares
at an average price of $14.92 per share.
These insider buys come as the company stabilizes from its upper
management shuffle which included the hiring of David Dobson as
Digital River provides services and solutions for global
e-commerce. The company builds and manages online businesses for
more than 40,000 software publishers, consumer technology
manufacturers, distributors, online retailers and affiliates.
The company recently reported their first quarter earnings
statement which highlighted the following:
� A revenue of $113.7 million, up 11% year over year
� Non-GAAP EPS of $0.33 per diluted share, up 10% from
first quarter 2012
� The company grew enterprise commerce by 19%
� This is the second consecutive quarter reporting
more than 60% organic growth in payments revenue.
The company is currently nearing its 52-week low price.
There are currently five
that hold stake in Digital River. Steven Cohen leads the pack by
owning 1,832,261 shares of the company.
With its shares up 0.18%, DRIV trades at $16.42.
FNB United Corp (
In the past week FNB United's price hit a 10-year low and was
sitting under $7 per share. This triggered a series of insider
buys coming from five corporate executives and one director.
These insiders made a total of seven different buys in the last
The insiders include: CEO Brian Simpson, Director Chandler
Martin, President Robert Reid, Executive VP and Secretary Beth
DeSimone, Treasurer Angus McBryde, Chief Workout Officer Greg
Murphy and CFO David Nielsen.
These insiders bought a combined total of 53,384 shares in the
range of $6.20 to $6.93 per share. These buys cost the insiders a
total of $336,915.
FNB United is a bank holding company for CommunityOne Bank and
Bank of Granite which provide consumer wealth management,
mortgage services and business banking services to individual and
business customers in North Carolina.
The analysis on FNB United shows that the per share earnings and
revenue have been in decline for the past five years.
The company recently reported that it will release its first
quarter earnings statement on May 17, 2013.
As reported in the company's 10-K, FNB United's nonperforming
assets make up a total of 6.22% of the company's total assets.
The company's equity-to-asset ratio is at 5%. According to the
GuruFocus analysis, FNB's equity-to-asset is lower than 93% of
the companies in the American Regional Banking Sector.
There are currently no gurus that hold stake in FNB.
With its shares down an additional 2.64%, FNBN trades at $7.02.
First Mid-Illinois Bancshares (
On May 9, First Mid-Illinois Bancshares reported six separate
insider buys. These insider buys came as FMBH is nearing a
52-week low price. The six insiders consist of Executive VP and
CCo John Hedges, President of FMIB&T Joseph Dively, Senior VP
Clay Dean, Executive VP Eric McRae, Executive VP of Wealth
Management Charles LeFebvre and Director Ray Sparks.
These insider bought a rather small total of 1,000 shares at an
average price of $22.86. This cost the insiders a combined total
of $22,860. Since their buys, the price of the stock has
The company is in a stable condition as shown by their consistent
per share revenue growth. The P/E ratio is close to a three-year
low of 13.4 and the P/N ratio is close to a 10-year low of 0.77.
FMBH received a 4-star rating on the GuruFocus Business
First Mid-Illinois Bancshares is the parent company of First
Mid-Illinois Bank & Trust, Mid-Illinois Data Services and
First Mid Insurance Group. Since 1865, the company has grown into
a $1.5 billion community-based business that provides financial
services through a network of 38 locations in 25 Illinois
First Mid-Illinois' most recent 10-Q filing reported:
� A net income of $3.528 million, up from $3.39
million from the first quarter of 2012.
� Fully diluted EPS of $0.41. Stayed the same from
first quarter 2012.
� An equity-to-asset ratio of 9.96%.
� The nonperforming assets make up 0.5% of the
company's total assets.
The company was recently voted one of the top 200 community banks
in America by American Banker.
There are currently no gurus that hold a stake in FMBH.
First Mid-Illinois currently trades at $22.25.
To take a look at all of the insider cluster buys, click
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