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Since my December 7, 2012, article titled "5 Stocks With Recent Intensive Insider Buying", the stocks that I featured have performed as follows:

CompanyPrice 12/6Price 2/25Change
WFR$2.97$4.77+60.6%
FSCI$24.96$37.02+12.1%
WLDN$2.15$2.01-6.5%
CRFN$4.91$4.34-11.6%
CHFC$21.59$24.46+13.3%

In this article, I will feature three 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. PVR Partners (PVR) engages in the management of coal and natural resource properties; and gathering and processing of natural gas in the United States.

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Insider buying by insider (last 30 days)

  • Robert Wallace purchased 2,000 shares on February 25 and currently holds 17,454 shares or less than 0.1% of the company. Robert Wallace has served as Executive Vice President and Chief Financial Officer of PVR's general partner since March 2010.
  • Edward Cloues purchased 2,500 shares on February 25 and currently holds 35,192 shares or less than 0.1% of the company. Edward Cloues serves as a director of the company.
  • William Shea purchased 25,000 shares on February 25 and currently holds 81,077 shares or less than 0.1% of the company. William Shea has served as a director and as President and Chief Executive Officer of PVR's general partner since June, 2012.

Insider buying by calendar month

Here is a table of PVR Partners' insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
February 201329,5000
January 201300
December 201202,300
November 201200
October 201200
September 201205,000
August 2012018,000
July 20120500
June 201208,700
May 201200
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 on February 20 with the following highlights:

Revenue$1.0 billion
Net loss$70.6 million
Cash$14.7 million
Debt$1.5 billion

Outlook

Full year 2013 adjusted EBITDA for the Eastern Midstream Segment is expected to be in the range of $190 million - $230 million, the Midcontinent Midstream Segment is expected to be in the range of $70 million to $80 million and the Coal and Natural Resource Management Segment is expected to be in the range of $75 million to $85 million. Management believes that 2013 maintenance capital expenditures will be in the range of $14 million to $18 million and internal growth capital will be in the range of $350 million to $400 million.

Competition

PVR Partners' competitors include Alliance Resource Partners (ARLP), Arch Coal (ACI) and Consol Energy (CNX). Here is a table comparing these companies.

 

 

 

 

CompanyPVRARLPACICNXIndustry Average (Industrial Metals & Minerals)
Market Cap:2.11B2.22B1.12B7.11B468.64M
Employees:N/AN/AN/A8,8963.02K
Qtrly Rev Growth (yoy):-0.080.16-0.21-0.130.22
Revenue:1.01B2.03B4.16B5.05B2.37B
Gross Margin:0.370.330.170.290.32
EBITDA:261.64M611.63M667.53M960.96M38.66M
Operating Margin:0.130.190.040.070.11
Net Income:-70.62M228.73M-683.96M388.47MN/A
EPS:-1.436.21-3.241.70N/A
P/E:N/A9.72N/A18.3315.74
PEG (5 yr expected):4.597.60-3.412.450.97
P/S:2.091.090.271.412.34

PVR Partners is trading below the industry average P/S ratio, which could explain some of the insider buying.

My analysis

There have been three different insiders buying and there have not been any insiders selling the shares during the past 30 days. There are three analyst buy ratings, three neutral ratings and 0 sell ratings, with an average target price of $28.50. The stock is trading at a forward P/E ratio of 20.00. The company has a book value of $9.65 per share and the stock has a 9.73% dividend yield. I have a cautiously bullish bias for the stock currently based on the intensive insider buying.

2. First South Bancorp (FSBK) operates as the bank holding company for First South Bank that provides commercial banking services in North Carolina.

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Insider buying by insider (last 30 days)

  • Steven Lee purchased 10,000 shares on February 25 and currently controls 10,900 shares or 0.1% of the company. Steven Lee serves as a director of the company.
  • Bruce Elder purchased 2,500 shares on February 25 and currently controls 10,200 shares or 0.1% of the company. Bruce Elder is President and CEO of the company.
  • Marshall Singleton purchased 750 shares on February 25 and currently controls 261,672 shares or 2.7% of the company. Marshall Singleton serves as a director of the company.

Insider buying by calendar month

Here is a table of First South Bancorp's insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
February 201313,2500
January 201300
December 201200
November 201200
October 20127000
September 20125,0000
August 20125,0000
July 201200
June 201200
May 201200
April 201200
March 201200
February 20121,6360

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

Financials

The company reported the full year 2012 financial results on February 22 with the following highlights:

Net loss$11.0 million
Book value$7.66 per share

Competition

First South Bancorp's competitors include ECB Bancorp (ECBE) and First Citizens Bancshares (FCNCA). Here is a table comparing these companies.

CompanyFSBKECBEFCNCAIndustry Average (Savings & Loans)
Market Cap:62.41M43.44M1.81B120.57M
Employees:2512494,417224.00
Qtrly Rev Growth (yoy):0.040.280.000.12
Revenue:33.96M33.24M978.52M46.75M
Gross Margin:N/AN/AN/A0.97
EBITDA:N/AN/AN/A24.88M
Operating Margin:0.260.170.270.34
Net Income:2.35M-61.00K143.15MN/A
EPS:0.24-0.0213.930.72
P/E:N/AN/A12.6514.37
PEG (5 yr expected):N/A12.42N/A2.13
P/S:1.841.311.853.24

First South Bancorp is trading below the industry average P/S ratio, which could explain some of the insider buying.

My analysis

The stock has a $8 price target from the Point and Figure chart. 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 currently trading below the book value of $7.66 per share which makes the stock look attractive from the current level.

3. Oceanic Iron Ore Corp. (OTCQX:FEOVF) engages in the acquisition and exploration of iron ore properties in Québec, Canada. It holds a 100% interest in approximately 3,446 claims of the Ungava Bay iron property covering an area of 147,390 hectares in 3 project areas, including Hopes Advance, Morgan Lake, and Roberts Lake located in the Nunavik region of northern Québec.

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Insider buying by insider (last 30 days)

  • Frank Giustra purchased 1,594,500 shares on January 30 - February 4 and currently controls 22,063,000 shares or 11.2% of the company.
  • Alan Gorman purchased 95,000 shares on February 19-22 and currently holds 235,600 shares or 0.1% of the company. Alan Gorman is President and Chief Operating Officer.
  • Gordon Keep purchased 250,000 shares on February 4 and currently holds 2,530,500 shares or 1.3% of the company. Gordon Keep serves as a director of the company.

Insider buying by calendar month

Here is a table of Oceanic Iron Ore's insider trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
February 20131,994,5000
January 2013778,5000
December 201250,0000
November 2012172,0000
October 201212,902,5000

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

Financials

The company reported the second-quarter fiscal 2013, which ended September 30, 2012, financial results on November 27 with the following highlights:

Revenue$0
Net loss$0.6 million
Cash$2.5 million
Debt$3.1 million

Upcoming milestones

The upcoming milestones for the Hopes Advance project are the following:

Development ActivityTarget Completion Date
Strategic Partnering & Financing2013
Completion of Environmental Impact Study2013
Negotiate impact benefits agreement with local stakeholders2013
Feasibility Study2013
Project construction2014-2016
Production2017-2047

My analysis

The stock has a $2.81 price target from the Point and Figure chart. There have been three different insiders buying and there have not been any insiders selling the shares during the past 30 days. In November 2012, the company published its Pre-Feasibility Study for the Hopes Advance project, which reported an estimated pre-tax NPV of $5.6 billion, and pre-tax IRR of 20.5% over a 31 year projected mine life at an 8% discount rate. The production is expected to start in 2017. I have a long position in the stock currently.

Source: 3 Stocks With Recent Intensive Insider Buying