Top 5 Insider Buys of the Week
The following insider transactions represent the largest
insider buys (in terms of transaction amount) in the American
stock exchanges over the past seven days. Most of the insider
buys reported this week came from the financial sector of the
market, and more specifically, investment firms and regional
You can view the complete list of insider buys here .
Blackstone Mortgage ( BXMT )
During the past seven days a variety of directors and corporate executives made various buys into Blackstone Mortgage. These buys came as company announced a public offering of common stock.
There were six insiders that bought a total of 121,453 shares at a price of $25.50 per share. Their combined total purchase price totaled $3,097,052.
Blackstone Mortgage Trust is a real estate finance company, primarily focused on originating mortgage loans backed by commercial real estate assets. It intends to originate, acquire and manage commercial real estate loans and securities and other commercial real estate-related debt instruments. The company is considered a REIT for federal income tax purposes.
The analysis on Blackstone Mortgage reports:
� The revenue growth has slowed in the past year.
� The P/S ratio is at a 10-year high.
Blackstone Mortgage Trust has a market cap of $77.5 million; its shares were traded at around $26.47 with a P/E ratio of 0.60 and P/S ratio of 1.30.
There are currently no gurus that hold stake in Blackstone Mortgage.
Two Harbors ( TWO )
Two Harbors Investments reported two large insider buys coming from two different directors during the past week.
William Sanders added 5,000 shares to his stake at an average price of $11.45 per share. This cost him a total of $57,250. Since this buy, the price per share is down -3.06%.
Director James Bender bought 10,000 shares of Two Harbors stock this past week at $11.46 per share. This cost the director $114,600. He now holds on to 16,921 shares of company stock. The price per share has dropped -3.14% since Bender's buy.
Two Harbors Investments focuses on investing in, financing and managing residential mortgage-backed securities, or RMBS, and related investments. The company deploys moderate leverage as part of its investment strategy through short-term borrowings structured as repurchase agreements.
The analysis on Two Harbors reports:
� The revenue has been in decline for the past three years.
� The company has no debt.
� The P/E ratio is close to a one-year low of 7.66.
� The P/S ratio is close to a two-year high of 6.92
� The company has issued $13.4 billion of debt in the past three years.
The Peter Lynch Valuation shows that the company appears to be undervalued :
Two Harbors Investment Corp has a market cap of $4.04 billion; its shares were traded at around $11.03 with a P/E ratio of 8.00 and a P/S ratio of 6.20. The dividend yield of Two Harbors Investment stocks is 14.70%.
There are currently five gurus that hold stake in Two Harbors.
MFA Financial ( MFA )
Three insiders at MFA Financial reported three insider buys this past week.
Executive VP Ron Freydberg bought 10,000 shares at $8.56 per share. This buy cost a total of $85,600. He now owns 480,717 shares of MFA. Since his buy, the price per share has increased 2.92%.
President William Gorin bought 2,000 shares for $8.57 per share. This cost the president a total of $17,140. Since his buy, the price is up 2.81%.
Executive VP Craig Knutson bought 4,000 shares at an average cost of $8.53 per share. This cost him $34,120. He now holds 306,065 shares of MFA. Since his buy, the price of MFA shares has increased 3.28%.
MFA Financials' main business objective is to generate net income for distribution to its stockholders resulting from the difference between the interest and other income it earns on investments and the interest expense paid on the borrowings that it uses to finance leveraged investments and its operating costs.
The analysis on MFA Financial reports:
� The P/E and P/S ratio are close to 3-year highs of 11.68 and 9.94 respectively.
� The per share revenue has been in decline for the past three years.
� The company shows consistent growth in its operating margin.
� The dividend yield is at a 1-year high.
The Peter Lynch Valuation Chart shows that MFA Financial appears undervalued :
MFA Financial has a market cap of $3.16 billion; its shares were traded at around $8.80 with a P/E ratio of 10.80 and a P/S ratio of 9.20. The dividend yield of MFA is 9.80%. The company had an annual average earnings growth of 17.4% over the past five years.
There are currently six gurus that hold stake in MFA Investments.
1 st Constitution Bancorp ( FCCY )
1 st Constitution Bancorp reported two directors making significant insider buys over the past week.
Director Frank Walsh made two different buys last week. He bought a total of 5,224 shares at an average price of $8.94 per share. This cost the director a total of $46,719. He now owns 263,780 shares of company stock. Since his most recent buy the price per share has increased 2.56%.
Director John Costas bought 9,143 shares for $8.99 per share. This cost the director a total of $82,196. He now holds on to 324,328 shares of 1 st Constitution stock. Since his buy, the price per share is up 2.34%.
1 st Constitution Bancorp is a bank holding company of 1 st Constitution Bank. The bank is a commercial bank in New Jersey. It engages in the business of commercial and retail banking. The company offers services such as savings and time deposits, commercial and consumer installment loans, and individual banking services.
1 st Constitution Bancorp has a market cap of $55.1 million; its shares were traded at around $9.20 with a P/E ratio of 10.60 and a P/S ratio of 1.70. The company had an annual average earnings growth of 16.2% over the past five years.
The analysis on 1 st Constitution reports:
� The price is nearing a 5-year high of $10.02
� The P/S ratio is close to a 3-year high of 1.85.
� The operating margin has been in a 5-year decline. The average rate of decline per year is -8%.
� The P/B ratio is close to a 1-year low of 0.78.
The Peter Lynch Valuation Chart on FCCY shows that the company appears to be undervalued :
There are currently no gurus that hold stake in 1 st Constitution Bancorp.
Javelin Mortgage Investment Corp. ( JMI )
Four insiders made buys into Javelin Mortgage as the price took a steep drop to its all-time low price.
Director Daniel Staton, CFO James Mountain, Director John Chrystal and Director Scott Ulm all added to their stake in the company. These four insiders added a total of 7,200 shares in the price range of $14.81 to $15.29 per share. The insiders spent a total of $108,996 on these buys.
Javelin Mortgage is a newly-organized Maryland corporation formed to invest in and manage a leveraged portfolio of agency-backed securities, non-agency backed securities and other mortgage-related investments, which it refers to as its target assets.
Javelin Mortgage Investment Corp. has a market cap of $205.9 million; its shares were traded at around $15.39. The dividend yield of Javelin stocks is 10.40%.
There are currently no gurus that hold stake in Javelin.
You can view the complete list of insider transactions here. You can also view Canadian insider transactions here.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 .