Weekly Top Insider Buys: CPB, GAM, IRET, CCOI

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Jan 09, 2011
Weekly highlight of top insider buys: Campbell Soup Company (CPB, Financial), General American Investors Company Inc. (GAM, Financial), Investors Real Estate Trust (IRET, Financial), and Cogent Communications Group Inc. Cogent (CCOI, Financial).

Campbell Soup Company (CPB): Director Archbold D Vanbeuren Bought 3,949 Shares

Director of Campbell Soup Company, Archbold D Vanbeuren, bought 3,949 shares on 12/31/2010 at an average price of $34.48.

Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. Campbell Soup Company has a market cap of $11.57 billion; its shares were traded at around $34.48 with a P/E ratio of 14.2 and P/S ratio of 1.5. The dividend yield of Campbell Soup Company stocks is 3.3%. Campbell Soup Company had an annual average earning growth of 3% over the past 10 years.

On November 23, Campbell Soup Company reported results for the first fiscal quarter of 2011. Net earnings for the quarter ended Oct. 31, 2010, were $279 million, or $0.82 per share, compared with $304 million, or $0.87 per share, in the prior year. Gross margin was 41.2 percent, compared with 41.9 percent a year ago.

Campbell Soup Company is in the portfolios of John Hussman, Mason Hawkins, Tom Gayner, Arnold Van Den Berg, Mark Hillman, and Mario Gabelli.

Last month, Buy: Director Archbold D Vanbeuren bought 3,949 shares of CPB stock. Sell: Director Charlotte C Weber and Sell: Director, 10% Owner Bennett Dorrance sold shares that month.

General American Investors Company Inc. (GAM): Director Daniel Neidich Bought 9,700 Shares

Director of General American Investors Company Inc., Daniel Neidich, bought 9,700 shares during the past week at an average price of $26.66.

General American Investors is a closed-end, diversified management investment company whose investment objective is long-term capital appreciation through investment in companies with above average growth potential. General American Investors Company Inc. has a market cap of $806.1 million; its shares were traded at around $26.66 . The dividend yield of General American Investors Company Inc. stocks is 1.2%.

This month, Buy: Director Daniel Neidich bought 5,000 shares of GAM stock.

Investors Real Estate Trust (IRET): Director Patrick G Jones Bought 1,483 Shares

Director of Investors Real Estate Trust, Patrick G Jones, bought 1,483 shares on 1/05/2011 at an average price of $8.87.

Investors Real Estate Trust is a real estate investment trust operating in the Midwest. Investors Real Estate Trust has a market cap of $696.9 million; its shares were traded at around $8.87 with and P/S ratio of 2.8. The dividend yield of Investors Real Estate Trust stocks is 7.9%. Investors Real Estate Trust had an annual average earning growth of 1.1% over the past 10 years.

On December 10, Investors Real Estate Trust reported financial and operating results today for the quarter and year-to-date ended October 31, 2010. During the three month period ended October 31, 2010, IRET’s revenues increased from the year-earlier period. Net income increased from the year-earlier period, primarily due to a gain on sale of discontinued operations in the three month period ended October 31, 2010 compared to the three month period ended October 31, 2009.

Last week, Buy: Director Stephen Stenehjem, Buy: Director W David Scott, Buy: Director John T Reed, Buy: Director Charles W Morgan, and Buy: Director Patrick G Jones bought shares of IRET stock.

Cogent Communications Group Inc. Cogent (CCOI): Director Marc Montagner Bought 5,500 Shares

Director of Cogent Communications Group Inc. Cogent, Marc Montagner, bought 5,500 shares on 1/06/2011 at an average price of $13.74.

Cogent Communications Group, Inc. is a facilities-based Internet service provider providing high-speed Internet access to businesses. Cogent Communications Group Inc. Cogent has a market cap of $629.3 million; its shares were traded at around $13.74 with and P/S ratio of 2.7.

On November 4, Cogent Communications Group Inc. announced service revenue of $66.8 million for the three months ended September 30, 2010, an increase of 3.7% over $64.4 million for the three months ended June 30, 2010, and an increase of 10.9% over $60.2 million for the three months ended September 30, 2009. On-net revenue was $51.5 million for the three months ended September 30, 2010, an increase of 2.5% over $50.3 million for the three months ended June 30, 2010, and an increase of 7.2% over $48.1 million for the three months ended September 30, 2009.

Last week, Sell: VP, CFO & Treasurer Thaddeus Gerard Weed sold 1,666 shares of CCOI stock. Buy: Director Tim Weingarten, Buy: Director Marc Montagner, Buy: Director Richard Liebhaber, and Buy: Director Blake Bath bought shares that week.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.