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I screened with Open Insider for insider buy transactions filed on October 10. From this list, I chose the top 5 stocks with insider buying in dollar terms. Here is a look at these 5 stocks:

1. ViaSat (VSAT) delivers fast, secure communications, Internet, and network access to virtually any location for consumers, governments, enterprise, and the military. The company offers fixed and mobile satellite network services including Exede by ViaSat, which features ViaSat-1, the world's highest capacity satellite; service to more than 1,750 mobile platforms, including Yonder Ku-band mobile Internet; satellite broadband networking systems; and network-centric military communication systems and cyber security products for the U.S. and allied governments. ViaSat also offers communication system design and a number of complementary products and technologies. Based in Carlsbad, California, ViaSat has established a number of worldwide locations for customer service, network operations, and technology development.

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Insider buys

Fpr Partners purchased 186,023 shares on October 8 and currently controls 4,717,832 shares of ViaSat. ViaSat has 43,525,952 shares outstanding which makes Fpr Partners a 10.8% owner of ViaSat.

Financials

The company reported the first-quarter fiscal 2013, which ended June 29, financial results on August 2 with the following highlights:

Revenue$241.8 million
Net loss$14.4 million
Cash$129.9 million

My analysis

The stock has met its bearish $38 price target from the Point and Figure chart. There has been one insider buy transaction and there have been 25 insider sell transactions this year. The stock is trading at a forward P/E ratio of 27.54. The company has a book value of $20.43 per share. I have a neutral bias for the stock currently.

2. Janus Capital Group (JNS) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management, Intech Investment Management and Perkins Investment Management. Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and mathematical equities, fixed income and alternatives through one common distribution platform. At the end of June 2012, JCG managed $152.4 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in Frankfurt, The Hague, Paris, London, Milan, Munich, Zurich, Singapore, Hong Kong, Tokyo and Melbourne.

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Insider buys

Dai Ichi Life Insurance Company purchased 601,598 shares on October 9-10, 758,282 shares on October 5-8, 497,900 shares on October 3-4, 1,535,407 shares on October 1, 2,748,666 shares on September 27-28, 1,209,429 shares on September 25-26, 1,145,147 shares on September 21-24 and 1,055,052 shares on September 19-20. Dai Ichi Life Insurance Company currently holds 29,959,450 shares of Janus. Janus has 201,329,431 fully diluted shares outstanding which makes Dai Ichi Life Insurance Company a 14.9% owner of Janus.

Financials

The company reported the second-quarter financial results on July 26 with the following highlights:

Revenue$206.0 million
Net income$23.4 million
Cash$638.6 million

My analysis

The stock has a $18 price target from the Point and Figure chart. There have been eight insider buy transactions and three insider sell transactions this year. The stock is trading at a forward P/E ratio of 14.68 and has a book value of $7.25 per share. The 200 day moving average is currently at $8 which could act like a support for the stock.

3. AGCO Corporation (AGCO), is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, as well as related replacement parts. AGCO products are sold through four core machinery brands, Challenger, Fendt, Massey Ferguson and Valtra, and are distributed globally through 3,100 independent dealers and distributors in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. Founded in 1990, AGCO is headquartered in Duluth, Georgia, USA. In 2011, AGCO had net sales of $8.8 billion.

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Insider buys

Mallika Srinivasan purchased 119,487 shares on October 10, 300 shares on September 27, 113,688 shares on September 26, 1,100 shares on September 20, 103,466 shares on September 13, 53,000 shares on September 12 and 61,079 shares on September 11. All these shares were purchased pursuant to a Rule 10b5-1 trading plan. Mallika Srinivasan currently controls 454,259 shares of the company. Mallika Srinivasan serves as a director of the company.

Financials

The company reported the second-quarter financial results on July 26 with the following highlights:

Revenue$2.69 billion
Net income$204.9 million
Cash$393.4 million

Outlook

AGCO is increasing its earnings outlook and targeting adjusted earnings per share in a range from $5.50 to $5.75 for the full year of 2012. The new guidance reflects the company's improved operating performance which is partially offset by the negative impact of currency translation. Net sales are expected to range from $10.1 billion to $10.3 billion for the full year. Gross margin improvement is expected to be partially offset by increased engineering and market expansion expenditures.

My analysis

The stock has a $61 price target from the Point and Figure chart. There have been 10 insider buy transactions and four insider sell transactions this year. The stock is trading at a forward P/E ratio of 8.01. The company has a book value of $33.23 per share. I believe the stock could be a good pick from the current level.

4. Fuel Systems Solutions (FSYS) is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems' components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines. These components and systems feature the company's advanced fuel system technologies, which improve efficiency, enhance power output and reduce emissions by electronically sensing and regulating the proper proportion of fuel and air required by the internal combustion engine. In addition to the components and systems, the company provides engineering and systems integration services to address unique customer requirements for performance, durability and configuration.

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Insider buys

Kevin Douglas purchased 93,084 shares on October 8-10, 30,200 shares on July 24 and 69,800 shares during July 19-23. Kevin Douglas controls more than 10% of Fuel Systems Solutions.

Financials

The company reported the second-quarter financial results on August 8 with the following highlights:

Revenue$109.0 million
Net income$7.1 million
Cash$75.3 million

Outlook

The company expects full year 2012 revenue to be between $405 million and $420 million, and expects 2012 gross margin of 23% to 25% and 2012 operating margin of 3% to 5%.

My analysis

The stock has a $14.5 price target from the Point and Figure chart. There have been four insider buy transactions and there have not been any insider sell transactions this year. The stock is trading at a forward P/E ratio of 22.16. The company has a book value of $16.42 per share. I believe the stock could be a good pick from the $14-$16 range.

5. Ascent Capital Group (ASCMA) is a holding company and owns 100 percent of its operating subsidiary, Monitronics International, one of the nation's largest, fastest-growing home security alarm monitoring companies, headquartered in Dallas, TX, and certain former subsidiaries of Ascent Media Group.

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Insider buys

John Malone purchased 8,200 shares on October 8-9 and 15,000 shares on October 1-3 pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 25, 2012.

Financials

The company reported the second-quarter financial results on August 8 with the following highlights:

Revenue$83.3 million
Net loss$7.2 million
Cash$232.8 million

Outlook

Mike Haislip, President and Chief Executive Officer of Monitronics, commented on August 8:

"As consumer demand for a 'smart home' continues to grow, our interactive and home automation services remain a compelling offering. Over 50 percent of our new accounts this quarter subscribed to one or more of these advanced services, which positively impacts RMR per subscriber and net revenues. Our strong and consistent operating performance during the first six months of the year and the relative predictability of our business model gives us a tremendous amount of confidence that we will continue to deliver solid results in the second half of 2012."

My analysis

The stock has a $74 price target from the Point and Figure chart. There have been two insider buy transaction and five insider sell transactions this year. The company has a book value of $37.27 per share. The 200 day moving average is currently at $51 which could act like a support for the stock.

Source: 5 Stocks With Insider Buys Filed On October 10 To Consider