8/14/2011

Micro Cap Value Insider Purchases Greater Than Current Price

I identified several companies that had significant 2011 insider buying greater than the current price. Net insider buying as a percentage of the company's market value for 2011 were ranked. Then I drilled down for a margins of safety and tried to present ideas below that may be worth additional work.


SPRO: SmartPros Ltd (Education Training Services)

Market Cap: 10.13M Current Price = $2.06
Enterprise Value: 3.56M

YTD Return = -13%

Insider Activity 2011:

Aug 9, 2011 FISH JOSEPH R Officer 9,773 Direct Disposition (Non Open Market) at $1.99 per share. 19,448
Jun 1, 2011 BEN-DOV ZOHAR Beneficial Owner (10% or more) 26,995 Direct Purchase at $2.17 - $2.22 per share
May 31, 2011 BEN-DOV ZOHAR Beneficial Owner (10% or more) 13,066 Direct Purchase at $1.99 - $2.05 per share.


FBN: Furniture Brands International Inc (Home Furnishings & Fixtures)

Market Cap: 163.18M Current Price = $2.94
Enterprise Value: 204.82M
YTD Return = -42%

Insider Activity 2011
JOHNSON RAYMOND J Purchased 15,000 Shares traded @4.532
BOTSFORD JON D Purchased 5,000Shares traded @3.879
BRADLEY DANIEL R Purchased 7,500Shares traded @3.9
ROLLS STEVEN G Purchased 10.000Shares traded @3.9
SWEETMAN MARY E Purchased 2,510Shares traded @3.8998
ZIMMERMAN JAMES M Purchased 10,000Shares traded @3.9
ZIMMERMAN JAMES M Purchased 10,000Shares traded @3.9

VSNT: Versant Corp (Application Software)

Market Cap:31.61M Currrent Price = $10.53
Enterprise Value: 6.54M
YTD Return = -12%

Insider Activity

WOEBKER BERNHARD Purchased 1,000 Shares traded @12.4500 - 12.5500
WOEBKER BERNHARD Purchased 2,000Shares traded @12.5000 - 12.6000
WOEBKER BERNHARD Purchased 1,000Shares traded @12.55
WOEBKER BERNHARD Purchased 2,900Shares traded @12.6500 - 12.7000
WOEBKER BERNHARD Purchased 1,100Shares traded @12.4500 - 12.7500



FSIN:Fushi Copperweld (Industrial Electrical Equipment)

Market Cap : 213.94M Current Price = $5.60

Enterprise Value: 78.07M

YTD Return = -37%

Insider Activity 2011:

3/24/2011: GMT CAPITAL:Beneficial Owner (10% or more) 2,030 Direct Purchase at $8.85 per share.$17,9653/23/2011: GMT CAPITAL CORPBeneficial Owner (10% or more) 62,218 Direct Purchase at $8.72 per share.$542,540
3/22/2011: GMT CAPITAL CORPBeneficial Owner (10% or more)
54,558 Direct Purchase at $8.81 per share.$480,6553/21/2011: GMT CAPITAL CORPBeneficial Owner (10% or more) 48,294 Direct Purchase at $8.63 - $8.86 per share.$4,220,0023/18/2011: GMT CAPITAL CORPBeneficial Owner (10% or more) 74,100 Direct Purchase at $8.47 per share.$627,6273/16/2011: HAP TRADING, LLCOther 149,589 Direct Purchase at $9.31 per share. $1,392,673

3/14/2011: GMT CAPITAL CORPBeneficial Owner (10% or more) 192,900 Direct Purchase at $8.61 - $8.62 per share.$16,620,0021/18/2011: HAP TRADING, LLCBeneficial Owner (10% or more) 1,856,047 Direct Sale N/A

 THLD: Threshold Pharma ( Biotechnology)
Market Cap: 63.29M Current Price = $1.29
Enterprise Value: 31.80M


 SELICK HAROLD E Purchased -36,000 Shares traded @0
FRAZIER HEALTHCARE VI, L.P. Purchased 952,380 Shares traded @2.05
CURD JOHN G Purchased 11,904 Shares traded @2.1
FERNANDES JOEL A Purchased 7,142 Shares traded @2.1
SELICK HAROLD E Purchased 47,619 Shares traded @2.1
SUTTER HILL VENTURES Purchased 690,969 Shares traded @2.1
SUTTER HILL VENTURES Purchased 690,969 Shares traded @2.1

DWCH: Datawatch Corp (Business Software & Services)
Market Cap: 31.78M Current Price = $5.23
Enterprise Value: 23.52M


Date
Name
Shares
Type
Desc
Amount

8/10/2011
2,500
Indirect
Purchase at $4.85 - $5.1 per share.
120,002


8/8/2011
7,500
Indirect
Purchase at $5.35 - $5.36 per share.
400,002


6/6/2011
3,250
Direct
Purchase at $5.52 - $5.57 per share.
180,002


5/4/2011
9,600
Indirect
Purchase at $5.31 per share.
50,975


5/3/2011
1,500
Indirect
Purchase at $5.30 per share.
7,950


5/3/2011
400
Indirect
Purchase at $5.21 - $5.31 per share.
21,042


3/8/2011
11,800
Indirect
Purchase at $5.10 - $5.44 per share.
620,002


3/7/2011
2,800
Indirect
Purchase at $5.38 - $5.45 per share.
150,002


3/4/2011
1,500
Indirect
Purchase at $5.15 - $5.25 per share.
78,002


3/3/2011
9,660
Indirect
Purchase at $5.25 per share.
50,715


3/1/2011
6,622
Indirect
Purchase at $5.19 per share.
34,368


2/28/2011
8,260
Indirect
Purchase at $5.20 per share.
42,952


2/16/2011
22,220
Indirect
Purchase at $4.47 per share.
99,323


2/15/2011
7,780
Indirect
Purchase at $4.38 per share.
34,076


2/7/2011
25,000
Direct
Purchase at $3.25 per share.
81,250

 YTD Return = +51%

EXAR : Exar Corp (Semiconductor - Integrated Circuits)
Market Cap: 271.66M Current Price = $6.08
Enterprise Value: 69.24M
YTD Return = -13%

AMSC: American Superco (Diversified Electronics)
Market Cap:353.89M Price = $6.98
Enterprise Value: 110.97M
YTD Return = -75%

No comments: