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Since my January 31 article titled "5 Stocks With Recent Intensive Insider Buying" the stocks that I featured in the article have performed as follows:

CompanyPrice 1/30Price 2/22Change
CONE$21.43$21.93+2.3%
FFKT$15.08$17.25+14.4%
KTYB.OB$21.00$23.50+11.9%
AIIFF.PK$2.35$2.32-1.3%
NUFSF.PK$5.46$5.50+0.7%

In this article I will feature five 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. Terreno Realty Corporation (NYSE:TRNO) engages in acquiring, owning, and operating real estate properties in Los Angeles area, northern New Jersey/New York City, San Francisco Bay area, Seattle area, Miami area, and Washington D.C./Baltimore area.

(click to enlarge)

Insider buying by insider (last 30 days)

  • Blake Baird purchased 60,000 shares on February 22, pursuant to a public offering. Blake Baird currently controls 415,807 shares or 3.1% of the company. Blake Baird is Chairman & Chief Executive Officer.
  • Michael Coke purchased 5,000 shares on February 22, pursuant to a public offering. Michael Coke currently holds 181,000 shares or 1.3% of the company. Michael Coke is President & Chief Financial Officer.
  • Leroy Carlson purchased 5,000 shares on February 22, pursuant to a public offering. Leroy Carlson currently holds 24,922 shares or 0.2% of the company. Leroy Carlson serves as a director of the company.
  • Douglas Pasquale purchased 5,500 shares on February 22, pursuant to a public offering. Douglas Pasquale currently holds 46,202 shares or 0.3% of the company. Douglas Pasquale serves as a director of the company.
  • Dennis Polk purchased 2,500 shares on February 22, pursuant to a public offering. Dennis Polk currently holds 22,422 shares or 0.2% of the company. Dennis Polk serves as a director of the company.

Insider buying by calendar month

Here is a table of Terreno Realty's insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
February 201378,0000
January 201300
December 201200
November 201200
October 201200
September 201200
August 20121,000 (preferred stock)0
July 201200
June 201200
May 20121,1080
April 201200
March 201200
February 201200

The month of February 2013 has seen the most insider buying.

Financials

The company reported the full-year 2012 financial results with the following highlights:

Revenue$24.5 million
Net income$4.1 million
Cash$5.9 million
Debt$177.0 million

On February 21, Terreno Realty announced that the underwriters of its public offering of 5,000,000 shares of common stock had exercised in full their option to purchase an additional 750,000 shares of common stock.

Outlook

Industrial rents have stopped falling in the company's markets and in most cases are rising modestly. Nevertheless, with national availability likely ending 2012 near 13% and new speculative development beginning in some markets, it will take time before most markets exhibit significant rent growth. The company sees a growing set of acquisition opportunities. In the intermediate term the company expects to grow its portfolio to optimize its operating efficiency, increase its shareholder liquidity and position the company to achieve an investment grade credit rating to broaden its access to capital.

Competition

Terreno Realty's competitors include DCT Industrial Trust (NYSE:DCT), EastGroup Properties (NYSE:EGP) and Prologis (NYSE:PLD). Here is a table comparing these companies.

CompanyTRNODCTEGPPLDIndustry Average (REIT - Industrial)
Market Cap:232.68M2.02B1.67B18.15B1.67B
Employees:N/AN/AN/AN/A1.28K
Qtrly Rev Growth (yoy):0.650.040.060.150.13
Revenue:31.17M261.87M186.18M2.04B186.18M
Gross Margin:0.640.730.710.720.71
EBITDA:13.94M168.50M123.24M1.26B139.82M
Operating Margin:0.140.170.330.230.34
Net Income:-2.65M-21.78M25.40M-143.68MN/A
EPS:0.19-0.061.13-0.180.02
P/E:93.12N/A50.83N/A50.83
PEG (5 yr expected):N/A6.443.01N/A3.01
P/S:7.347.578.888.766.74

Terreno Realty's P/S ratio is in line with the industry average.

My analysis

There have been five different insiders buying and there have not been any insiders selling the shares during the past 30 days. The stock is trading at a P/E ratio of 93.12. The company has a book value of $19.00 per share and the stock has a 2.77% dividend yield. The stock could be a good pick below the book value.

2. Peregrine Semiconductor Corporation (NASDAQ:PSMI) designs, develops, markets, and sells radio frequency integrated circuits based on UltraCMOS technology.

(click to enlarge)

Insider buying by insider (last 30 days)

  • Jay Biskupski purchased 2,000 shares on February 21, and currently holds 2,001 shares or less than 0.1% of the company. Jay Biskupski has served as Chief Financial Officer since February 2009.
  • Anthony Thornley purchased 10,000 shares on February 20, and currently holds 10,001 shares or less than 0.1% of the company. Anthony Thornley has served as a director since November 2010.
  • Elton Sherwin purchased 12,000 shares on February 19-20, and currently holds 12,001 shares or less than 0.1% of the company. Elton Sherwin has served as a member of board of directors since October 2004.

Insider buying by calendar month

Here is a table of Peregrine Semiconductor's insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
February 201324,0000
January 201300
December 201200
November 201200
October 201200
September 201200
August 2012400,000104,848
July 2012047,000

The month of February 2013 has seen the most insider buying since August 2012.

Financials

The company reported the full-year 2012 financial results on February 6, with the following highlights:

Revenue$203.9 million
Net income$2.8 million
Cash$74.5 million

Outlook

For the first quarter of 2013, the company expects revenue to be in the range of $43 million to $46 million. First-quarter GAAP gross margin is expected to be in the range of 43.0% to 44.5%.

Competition

Peregrine Semiconductor's competitors include Hittite Microwave Corporation (NASDAQ:HITT) and RF Micro Devices (NASDAQ:RFMD). Here is a table comparing these companies.

CompanyPSMIHITTRFMDIndustry Average (Semiconductor - Integrated Circuits)
Market Cap:301.81M2.00B1.29B57.58M
Employees:N/A4693,986246.00
Qtrly Rev Growth (yoy):0.77-0.010.200.84
Revenue:203.91M256.10M871.47M129.01M
Gross Margin:0.390.740.310.12
EBITDA:13.25M116.19M54.50M-26.57M
Operating Margin:0.040.41-0.02-0.25
Net Income:2.76M72.10M-50.03MN/A
EPS:0.152.35-0.18-3.16
P/E:63.2028.07N/AN/A
PEG (5 yr expected):N/A2.252.33N/A
P/S:1.457.671.480.24

Peregrine Semiconductor's gross margin is above the industry average.

My analysis

There have been three different insiders buying and there have not been any insiders selling the shares during the past 30 days. The stock is trading at a P/E ratio of 63.20 and a forward P/E ratio of 25.62. The company has a book value of $3.52 per share. I have a cautiously bullish bias for the stock currently based on the relatively low P/S ratio and the intensive insider buying.

3. Guyana Goldfields (OTCPK:GUYFF) engages in the acquisition, exploration, evaluation, and development of gold resource properties in Guyana.

(click to enlarge)

Insider buying by insider (last 30 days)

  • David Beatty purchased 10,000 shares on January 25, and currently holds 10,000 shares or less than 0.1% of the company. David Beatty serves as a director of the company.
  • Robert Bondy purchased 10,000 shares on February 11, and currently holds 145,600 shares or 0.1% of the company. Robert Bondy serves as a director of the company.
  • Daniel Noone purchased 20,000 shares on February 22, pursuant to a public offering. Daniel Noone currently holds 210,200 shares or 0.2% of the company. Daniel Noone is Vice President, Exploration.
  • Patrick Sheridan purchased 345,000 shares on February 22, pursuant to a public offering. Patrick Sheridan currently holds 5,073,234 shares or 4.1% of the company. Patrick Sheridan is Chief Executive Officer.

Insider buying by calendar month

Here is a table of Guyana Goldfields' insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
February 2013375,0000
January 201310,0000
December 201200
November 201200
October 201200
September 201200

The month of February 2013 has seen the most insider buying.

Financials

The company reported the full-year fiscal 2012, which ended October 31, 2012, financial results on January 16, with the following highlights:

Revenue$0
Net loss$9.7 million
Cash$37.6 million

On February 22, 2013, Guyana Goldfields announced that it had closed its previously announced bought deal offering pursuant to which the company issued 29,420,000 common shares, at a price of $3.40 per common share for gross proceeds of approximately $100 million.

My analysis

The stock has a $7.5 price target from the Point and Figure chart. There have been four different insiders buying and there have not been any insiders selling the shares during the past 30 days. The company's Aurora mine will produce 3.29 million ounces of gold over an initial 17 year mine life at an operating cash cost of $527 per ounce (including royalty). The average annual gold production over the life of mine is 194,000 ounces, and averages 231,000 ounces per year over the first 10 years. Commercial production is expected to commence in Q1 2015. The estimated initial capital required to achieve commercial production is $205 million and the company just raised $100 million. I believe the stock could be a good pick at the current level based on the intensive insider buying and the fundamentals for the Aurora gold project.

Source: 3 Stocks With Recent Intensive Insider Buying