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Since my Jan. 4 article titled "3 Stocks With Recent Intensive Insider Buying," the stocks that I featured have performed as follows:

CompanyPrice 1/3Price 2/1Change %
CODI$15.03$15.96+6.2
MKL$439.99$478.32+8.7
PTN$0.63$0.60-4.8

In this article, I will feature four additional stocks that have seen intensive insider buying during the last 30 days.

Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increase their holdings by more than 10%.

1. Bright Horizons Family Solutions (NYSE:BFAM) provides employer-sponsored child care, education, and work/life solutions. As of Sept. 30, 2012, the company had more than 850 client relationships with employers across a diverse array of industries, including more than 130 Fortune 500 companies and more than 75 of Working Mother magazine's 2012 "100 Best Companies for Working Mothers." The company operated a total of 776 child care and early education centers across a wide range of customer industries, with the capacity to serve approximately 87,700 children in the United States, the United Kingdom, the Netherlands, Ireland, Canada, and India.

Click to enlarge images.

Insider Buys

Financials

The company reported the pro forma financial results for the first nine months ending Sept. 30, 2012, with the following highlights:

Revenue$797.5 million
Net income$15.9 million
Cash$35.7 million
Debt$730.7 million
Net tangible book value-$10.41 per share

Competition

The company believes that it is a leader in the markets for employer-sponsored center-based child care and back-up dependent care. It maintains approximately five times more market share in the United States than its closest competitors who provide employer-sponsored centers.

My Analysis

The stock started trading on Jan. 25 after the initial public offering and is currently trading 27% above the offering price. There have been four different insiders buying and there have not been any insiders selling the shares since the IPO. All executive officers and directors as a group own 3.3% of the company. I have a neutral bias for the stock currently, based on the stock's sizable run-up after the initial public offering.

2. Zedi (OTCPK:ZEDIF), an oil and gas technology and services company, provides solutions for production operations management, primarily to the energy industry worldwide.

Insider Buys

  • Grant Exner purchased 145,182 shares on Feb. 1 and currently holds 444,453 shares, or 0.5% of the company. Exner is CFO of the company.
  • Roderick Heard purchased 80,546 shares on Feb. 1 and currently holds 627,496 shares, or 0.7% of the company. Heard is VP of international marketing.
  • Robert Gordon purchased 8,874 shares on Feb. 1 and currently holds 847,344 shares, or 0.9% of the company. Gordon is general counsel and corporate secretary.
  • Matthew Heffernan purchased 2,201 shares on Feb. 1 and currently holds 1,180,194 shares, or 1.2% of the company. Heffernan is president and CEO of the company.
  • Larry Spagnolo purchased 2,377 shares on Feb. 1 and currently holds 258,756 shares, or 0.3% of the company. Larry Spagnolo is senior VP of market and customer solutions.
  • James Freeman purchased 3,302 shares on Feb. 1 and currently holds 287,711 shares, or 0.3% of the company. Freeman is chief technology officer.

Financials

The company reported third-quarter financial results on Nov. 14 with the following highlights:

Revenue$22.8 million
Net loss$0.3 million
Cash$0.7 million
Debt$12.8 million

Outlook

Zedi expects to continue executing on its strategy through 2012 with:

Global Activities

  • Increased revenues from international activities

Growth Activities

  • Continued growth in the U.S. market through its Southern Flow business unit
  • Increased percentage of revenue contributed from its oil solutions, in particular the SilverJack hydraulic pump technology

Shareholder Returns

  • Continued efficiencies that demonstrate the scalability of its business model, leading to higher EBITDA both in dollars and as a percentage of revenue

My Analysis

There have been six different insiders buying and there have not been any insiders selling the shares during the past 30 days. The management and insiders own 12% of the company and institutional major shareholders own 35%-40% of the company. The company has a book value of $0.58 per share. I believe the stock could be a good pick at or below the book value.

3. Champions Oncology (OTCQB:CSBR) is engaged in the development of advanced technology solutions and services to personalize the development and use of oncology drugs. The company's TumorGraft Technology Platform is a novel approach to personalizing cancer care based on the implantation of primary human tumors in immune deficient mice, followed by propagation of the TumorGrafts in a manner that preserves the biological characteristics in order to determine the efficacy of a treatment regimen. The company uses this technology to offer solutions for Personalized Oncology Solutions, which guides the development of personalized treatment plans, and Translational Oncology Solutions, which assists pharmaceutical and biotechnology companies seeking personalized approaches to drug development to lower the cost and increase the speed of drug development.

Insider Buys

Financials

The company reported second-quarter fiscal year 2013, which ended Oct. 31, 2012, financial results on Dec. 13 with the following highlights:

Revenue$1.5 million
Net loss$2.0 million
Cash$2.2 million

On Jan. 29, 2013 Champions Oncology announced that the company raised $9.3 million at a price of $0.50 per share in a private placement to existing and new investors.

My Analysis

There have been three different insiders buying and there have not been any insiders selling the shares during the past 30 days. I have a cautiously bullish bias on the stock currently based on the intensive insider buying.

4. Alterra Power (OTCPK:MGMXF), a renewable energy company, engages in the acquisition, exploration, development, and operation of renewable power projects. The company operates six power plants, totaling 567 MW of capacity, including two geothermal facilities in Iceland, a geothermal plant in Nevada, and British Columbia's largest-run of river hydro facilities and the province's largest wind farm. The company's 298 MW share of production capacity generates approximately 1,400 GWh of clean power annually.

Insider Buys

  • Monte Morrison purchased 91,538 shares on Jan. 31 and currently holds 478,890 shares, or 0.1% of the company. Morrison is country manager, U.S.
  • Bruce Ripley purchased 73,033 shares on Jan. 31 and currently holds 135,427 shares, or less than 0.1% of the company. Ripley is COO of the company.
  • Rubert Legge purchased 51,551 shares on Jan. 31 and currently holds 225,072 shares, or less than 0.1% of the company. Legge is executive VP legal and corporate secretary.
  • Donald McInnes purchased 34,994 shares on Jan. 31 and currently holds 3,283,697 shares, or 0.7% of the company. McInnes is executive vice chairman.
  • John Carson purchased 47,500 shares on Jan. 31 and currently holds 635,113 shares, or 0.1% of the company. Carson is CEO of the company.

Financials

The company reported third-quarter financial results on Nov. 14 with the following highlights:

Revenue$13.3 million
Net income$14.7 million
Cash$42.3 million
Debt$265.1 million

My Analysis

There have been five different insiders buying and there have not been any insiders selling the shares during the past 30 days. For 2013, the company is projecting $110 million in revenues and EBITDA at $55 million. For 2015, the company is projecting EBITDA of $105 million. The company's book value is $0.65 per share. The stock could be a good pick below the book value.

Source: 4 Stocks With Recent Intensive Insider Buying