Weekly CEO Buys Highlight: UAL, SUNS, PKY, MCGC, MPO

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According to GuruFocus Insider Data , these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:



United Continental Holdings Inc ( UAL ): President and CEO Jeffery A Smisek Bought 55,600 Shares

President and CEO of United Continental Holdings Inc ( UAL ) Jeffery A Smisek bought 55,600 shares on 08/09/2012 at an average price of $18.42. United Continental Holdings, Inc. is in Airlines industry. United Continental Holdings Inc has a market cap of $5.9 billion; its shares were traded at around $18.42 with a P/E ratio of 6.3 and P/S ratio of 0.2.

UAL recently reported second-quarter 2012 net income of $545 million or $1.41 per diluted share, excluding $206 million of net special charges. Including special charges, UAL reported second-quarter 2012 net income of $339 million or $0.89 per diluted share.

George Soros bought 250,000 shares in the quarter that ended on 06/30/2012, which is 0.088% of the $6.92 billion portfolio of Soros Fund Management LLC. Leon Cooperman owns 1,853,846 shares as of 06/30/2012, a decrease of 39.39% of from the previous quarter. This position accounts for 1% of the $4.43 billion portfolio of Omega Advisors. Wilbur Ross owns 140,300 shares as of 06/30/2012, a decrease of 39.6% of from the previous quarter. This position accounts for 0.32% of the $1.08 billion portfolio of Invesco Private Capital.

EVP and CFO John D Rainey bought 13,500 shares of UAL stock on 08/09/2012 at the average price of 18.25. John D Rainey owns at least 37,232 shares after this. The price of the stock has increased by 0.93% since. Other insiders have also increased their positions in the company.

Solar Senior Capital Ltd ( SUNS ): CEO, President Chn of the Brd Michael S Gross Bought 49,731 Shares

CEO, President Chn of the Brd of Solar Senior Capital Ltd ( SUNS ) Michael S Gross bought 49,731 shares during the past week at an average price of $17.4. Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. Solar Senior Capital Ltd has a market cap of $165.3 million; its shares were traded at around $17.4 with a P/E ratio of 20.7 and P/S ratio of 21. The dividend yield of Solar Senior Capital Ltd stocks is 7.2%.

SUNS recently reported earnings of $3.6 million, or $0.38 per share, and net investment income of $3.4 million, or $0.36 per share, for the quarter ended June 30, 2012. Net asset value ( NAV ) per share increased to $18.54, from $18.15 at December 31, 2011.

CFO, Secretary and Treasurer Richard Peteka bought 1,487 shares of SUNS stock on 05/31/2012 at the average price of 16.45. Richard Peteka owns at least 6,250 shares after this. The price of the stock has increased by 5.78% since. Other insiders have decreased their positions in the company.

Parkway Properties Inc ( PKY ): President and CEO James R Heistand Bought 25,000 Shares

President and CEO of Parkway Properties Inc ( PKY ) James R Heistand bought 25,000 shares on 08/14/2012 at an average price of $11.5. Parkway Properties, Inc. is a self-administered, self-managed real estate investment trust specializing in the acquisition, ownership, management,financing and leasing of office properties in the Southeastern United States and Texas. Parkway Properties Inc has a market cap of $315.3 million; its shares were traded at around $11.5 with a P/E ratio of 5.6 and P/S ratio of 1.9. The dividend yield of Parkway Properties Inc stocks is 2.6%.

Parkway Properties recently reported its second quarter 2012 financial results. Funds from operations available to common shareholders totaled $7.9 million, or $0.32 per diluted share for the second quarter 2012, as compared to $1.7 million, or $0.08 per diluted share, for the prior year period. Recurring FFO totaled $9.3 million, or $0.38 per diluted share for the second quarter 2012, as compared to $12.7 million, or $0.59 per diluted share, for the prior year period.

Director Charles T Cannada bought 10,000 shares of PKY stock on 05/09/2012 at the average price of 10.97. Charles T Cannada owns at least 22,663 shares after this. The price of the stock has increased by 4.83% since. Other insiders have also increased their positions in the company.

MCG Capital Corporation ( MCGC ): CEO Richard W Neu Bought 48,432 Shares

CEO of MCG Capital Corporation ( MCGC ) Richard W Neu bought 48,432 shares on 08/09/2012 at an average price of $4.5. MCG Capital Corporation is a solutions-focused financial services firm that primarily provides capital to support the internal growth and corporate development initiatives of small-to medium-sized private companies in the media, communications, and technology sectors in the United States. Mcg Capital Corporation has a market cap of $358.5 million; its shares were traded at around $4.5 with a P/E ratio of 14.6 and P/S ratio of 4.2. The dividend yield of Mcg Capital Corporation stocks is 12%.

MCG recently reported its second quarter 2012 financial results. Net operating income, or NOI, was $5.6 million, or $0.07 per share. Net loss was $7.0 million, or $0.09 per share.

Director Gavin Saitowitz sold 200,000 shares of MCGC stock on 08/16/2012 at the average price of 4.6. Gavin Saitowitz owns at least 616,000 shares after this. The price of the stock has decreased by 2.17% since. Other insiders have also decreased their positions in the company.

Midstates Petroleum Company Inc ( MPO ): President and CEO John A Crum Bought 25,000 Shares

President and CEO of Midstates Petroleum Company Inc ( MPO ) John A Crum bought 25,000 shares on 08/16/2012 at an average price of $7.9. Midstates Petroleum Company, Inc. is engaged in the exploration and development of oil and natural gas properties in central Louisiana. Midstates Petroleum Company Inc has a market cap of $531.5 million; its shares were traded at around $7.9 .

Corporate Counsel & Secretary John P. Foley bought 13,000 shares of MPO stock on 08/16/2012 at the average price of 7.52. John P. Foley owns at least 602,737 shares after this. The price of the stock has increased by 5.05% since.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: MCGC , NAV , PKY , SUNS , UAL

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As of 8/1/2014, 04:03 PM