Weekly CEO Buys Highlight: Checkpoint Systems Inc, EV Energy Partners L.P, Oxford Industries Inc, Gerber Scientific Inc, DNP Select Income Fund Inc.

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Jan 03, 2009
Last week’s top five stocks that were bought by their CEOs were Checkpoint Systems Inc, EV Energy Partners L.P, Oxford Industries Inc, Gerber Scientific Inc, and DNP Select Income Fund Inc.


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


Checkpoint Systems Inc. (CKP, Financial): President and CEO Der Merwe Robert P Van Bought 50,000 Shares


President and CEO of Checkpoint Systems Inc. (CKP) Der Merwe Robert P Van bought 50,000 shares on 12/29/2008 at an average price of $10.24.


Checkpoint Systems Inc. is a multinational manufacturer and marketer of retail asset tracking and protection products including integrated security automatic identification and retail merchandising solutions. The company has a market cap of $415.2 million; its shares were traded at around $10.24 with a P/E ratio of 8.6 and P/S ratio of 0.5. Checkpoint Systems Inc. had an annual average earning growth of 8.3% over the past 10 years.


Checkpoint Systems Inc. recently reported its third quarter 2008 results. The company announced that its net revenue increased 14.4% for the quarter, while net revenue for the first nine months of 2008 increased 19% compared to a year ago’s performance.


“Given the challenges that the slowdown in the global economy presents to us, we are generally pleased with our performance during the third quarter," said Rob van der Merwe, President and Chief Executive Officer of Checkpoint Systems. "Our top-line results continue to be driven by solid performance within our CheckNet(R) business in the U.S. and Alpha product sales. Alpha revenue increased by almost thirty percent from the second quarter of 2008 and continues to meet our expectations. We are also very encouraged by the strong market response for our recently introduced Evolve(TM) line of RF and RFID-enabled products. Although the Evolve(TM) line represents a relatively small percent of our overall sales, this product line has shown a seven-fold increase in sales from the second quarter. We now have exceeded 1,000 installations with over 150 customers across the U.S. and Europe. However, these encouraging results were somewhat offset by soft demand in EAS labels, our Europe CheckNet(R) business and our U.S. CCTV business."


Kenneth Fisher owns 210,000 shares as of 09/30/2008, which accounts for 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC.


No insiders have recently bought or sold any stocks except for its CEO.


EV Energy Partners L.P. (EVEP, Financial): CEO, Director John B Walker Bought 17,200 Shares


CEO, Director of EV Energy Partners L.P. (EVEP) John B Walker bought 17,200 shares on 12/30/2008 at an average price of $16.


EV Energy Partners is an upstream Master Limited Partnership focused on acquiring and operating oil and gas properties within the continental United States. It has a market cap of $162.97 million; its shares were traded at around $16 with a P/E ratio of 3.1 and P/S ratio of 1.57. The dividend yield of EV Energy Partners L.P. stocks is 23.98%.


EVEP recently reported its third quarter 2008 results. Adjusted EBITA was up 34%.


CFO Michael E Mercer bought 3,000 more shares of EVEP stock on 09/17/2008 at the average price of $17.17; the price of the stock has decreased by 6.81% since.


Oxford Industries Inc. (OXM, Financial): CEO, Director John Hicks Lanier Bought 10,000 Shares


CEO, Director of Oxford Industries Inc. (OXM) John Hicks Lanier bought 10,000 shares on 12/29/2008 at an average price of $9.07.


Oxford Industries Inc.'s primary business is the design manufacture marketing and sale of consumer apparel products in the popular to better price ranges. The company has a market cap of $143.82 million; its shares were traded at around $9.07 with a P/E ratio of 7 and P/S ratio of 0.13. The dividend yield of Oxford Industries Inc. stocks is 7.94%. Oxford Industries Inc. had an annual average earning growth of 12.2% over the past 10 years.


Oxford Industries recently reported its third quarter 2008 results. The company reported an EPS of 31 cents per diluted share. J. Hicks Lanier, Chairman and CEO of Oxford Industries, Inc., commented, “Obviously we are disappointed with our absolute results for the third quarter. However, we believe we managed the business well given what are indisputably the worst market conditions in decades. While we’ve been hurt like everyone else, our wounds are not self-inflicted. We have been and remain focused on these key areas - protecting the integrity of our brands, controlling and reducing costs, and maintaining and protecting our strong balance sheet and liquidity as evidenced by our 30% year-over-year reduction in inventory levels.”


Vice President Anne M Shoemaker sold 632 shares of OXM stock on 09/16/2008 at the average price of $25.38; the price of the stock has decreased by 64.26% since.


Gerber Scientific Inc. (GRB, Financial): President, CEO, Director Marc T Giles Bought 17,000 Shares


President, CEO, Director of Gerber Scientific Inc. (GRB) Marc T Giles bought 17,000 shares during the past week at an average price of $5.08.


Gerber Scientific Inc. is a leading global supplier of intelligent manufacturing systems. The company has a market cap of $116.64 million; its shares were traded at around $5.08 with a P/E ratio of 10 and P/S ratio of 0.18. Gerber Scientific Inc. had an annual average earning growth of 27% over the past 5 years.


Gerber Scientific recently reported its fiscal second quarter 2009 results. Revenue for the quarter was down 4.3% from a year ago. However, the company’s diluted EPS more than doubled, from 11 cents per share a year ago to 26 cents per share.


Jean-Marie Eveillard owns 170,000 shares as of 09/30/2008, which accounts for 0.02% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.


EVP and CFO Michael R Elia bought 9,578 shares of GRB stock on 12/08/2008 at the average price of $2.65; the price of the stock has increased by 91.7% since.


DNP Select Income Fund Inc. (DNP, Financial): President and CEO, Director Nathan I Partain Bought 3,500 Shares


President and CEO, Director of DNP Select Income Fund Inc. (DNP) Nathan I Partain bought 3,500 shares on 01/02/2009 at an average price of $6.7.


Duff & Phelps Utilities Income Inc. is a closed-end diversified investment management company. The company has a market cap of $1.3 billion; its shares were traded at around $6.7 with and P/S ratio of 8.63. The dividend yield of DNP Select Income Fund Inc. stocks is 13.83%.


Director Francis E Jeffries bought 13,000 shares of DNP stock on 12/17/2008 at the average price of $5.86; the price of the stock has increased by 14.33% since.