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Weekly CEO Buys Highlight: PAY, DECK, PBY, HNRG, MCHX

By: GuruFocus
Posted: 7/14/2012 6:46:00 PM
Referenced Stocks: DECK;HNRG;MCHX;PAY;PBY

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:

VeriFone Systems Inc ( PAY ): CEO Douglas Bergeron Bought 310,000 Shares

CEO of VeriFone Systems Inc ( PAY ) Douglas Bergeron bought 310,000 shares during the past week at an average price of $36.59. Verifone Holdings, Inc., a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone Systems Inc has a market cap of $3.52 billion; its shares were traded at around $36.59 with a P/E ratio of 17.3 and P/S ratio of 2.7.

VeriFone Systems recently reported its second quarter fiscal 2012 financial results. Non-GAAP net revenues for the second quarter of fiscal year 2012 were $479 million, compared to $425 million in the previous quarter and $293 million for the comparable period of fiscal 2011, a 64% year-over-year increase. GAAP net revenues were $472 million for the latest quarter, $420 million for the prior quarter, and $292 million for the second quarter of fiscal year 2011.

Meridian Funds bought 566,665 shares in the quarter that ended on 03/31/2012, which is 0.87% of the $3.37 billion portfolio of Meridian Fund. Michael Price owns 122,500 shares as of 03/31/2012, a decrease of 59.84% of from the previous quarter. This position accounts for 0.9% of the $703 million portfolio of MFP Investors LLC.

Director Charles R Rinehart sold 22,000 shares of PAY stock on 05/30/2012 at the average price of 36.82. The price of the stock has decreased by 0.62% since. Other insiders have also decreased their positions in the company.

Deckers Outdoor Corp ( DECK ): CEO Angel R Martinez Bought 10,000 Shares

CEO of Deckers Outdoor Corp ( DECK ) Angel R Martinez bought 10,000 shares on 07/11/2012 at an average price of $46.98. DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use. Deckers Outdoor Corp has a market cap of $1.73 billion; its shares were traded at around $46.98 with a P/E ratio of 9.4 and P/S ratio of 1.3. Deckers Outdoor Corp had an annual average earnings growth of 40.7% over the past 10 years. GuruFocus rated Deckers Outdoor Corp the business predictability rank of 4.5-star.

Deckers recently reported its first quarter 2012 financial results. Net sales increased 20.2% to $246.3 million compared to $204.9 million for the same period last year. Diluted EPS was $0.20 compared to $0.49 for the same period last year.

John Burbank bought 56,000 shares in the quarter that ended on 03/31/2012, which is 0.12% of the $2.95 billion portfolio of Passport Capital. Ron Baron bought 81,000 shares in the quarter that ended on 03/31/2012, which is 0.031% of the $16.69 billion portfolio of Baron Funds. PRIMECAP Management bought 15,900 shares in the quarter that ended on 03/31/2012, which is 0.0015% of the $67.24 billion portfolio of PRIMECAP Management.

Director Rex A Licklider bought 2,000 shares of DECK stock on 05/10/2012 at the average price of 51.58. Rex A Licklider owns at least 631,594 shares after this. The price of the stock has decreased by 8.92% since. Other insiders have also increased their positions in the company.

The Pep Boys - Manny, Moe & Jack ( PBY ): President & CEO R. Odell Michael Bought 5,262 Shares

President & CEO of The Pep Boys - Manny, Moe & Jack ( PBY ) R. Odell Michael bought 5,262 shares on 07/12/2012 at an average price of $9.89. Pep Boys - MM&J is a automotive retail and service chain. The Pep Boys - Manny, Moe & Jack has a market cap of $523.6 million; its shares were traded at around $9.89 with a P/E ratio of 33 and P/S ratio of 0.3. The Pep Boys - Manny, Moe & Jack had an annual average earnings growth of 15.6% over the past 5 years.

Jean-Marie Eveillard owns 589,697 shares as of 03/31/2012, an increase of 5981.23% from the previous quarter. This position accounts for 0.035% of the $25.09 billion portfolio of First Eagle Investment Management, LLC. Donald Smith owns 1,202,127 shares as of 03/31/2012, which accounts for 0.52% of the $3.44 billion portfolio of Donald Smith & Co..

Director Jane Scaccetti bought 2,000 shares of PBY stock on 06/19/2012 at the average price of 9.25. Jane Scaccetti owns at least 40,404 shares after this. The price of the stock has increased by 6.92% since.

Hallador Energy Co ( HNRG ): CEO Victor P Stabio Bought 3,695 Shares

CEO of Hallador Energy Co ( HNRG ) Victor P Stabio bought 3,695 shares on 07/06/2012 at an average price of $7.97. Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. Hallador Energy Co has a market cap of $224.6 million; its shares were traded at around $7.97 with a P/E ratio of 7.1 and P/S ratio of 1.4. Hallador Energy Co had an annual average earnings growth of 167.1% over the past 5 years.

David Swensen bought 41,772 shares in the quarter that ended on 03/31/2012, which is 0.29% of the $128 million portfolio of Yale University.

Marchex, Inc. ( MCHX ): CEO, 10% Owner Russell C Horowitz Bought 2,500 Shares

CEO, 10% Owner of Marchex, Inc. ( MCHX ) Russell C Horowitz bought 2,500 shares on 07/10/2012 at an average price of $4.17. Marchex Inc provides technology-based services to merchants engaged in online transactions. Marchex, Inc. has a market cap of $146.5 million; its shares were traded at around $4.17 with a P/E ratio of 393.7 and P/S ratio of 1. The dividend yield of Marchex, Inc. stocks is 2%.

CFO Michael A Arends bought 1,500 shares of MCHX stock on 05/18/2012 at the average price of 3.26. Michael A Arends owns at least 482,500 shares after this. The price of the stock has increased by 27.91% since. There are mixed trades from other insiders.

For the complete list of stocks that bought by their company CEOs, go to: [url=http://www.gurufocus.com/InsiderBuy.php?position=ceo]CEO Buys[/url].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 .