Value Based 08/15/11 Insider Buys (ZINC,AIRT,HNH)

ZINC: Horsehead Holding Co
30,000 shares were purchased for 284,000 @9.49

Details
ZINC: Horsehead Holding Co    10% Ownership : John T Grant    purchased  5,000 shares for 48,450  @9.69

ZINC: Horsehead Holding Co    10% Ownership : SHILLING JACK W 15,000 shares for  141,050 @9.41

ZINC: Horsehead Holding Co    President & CEO : Hensler James M 10,000  shares purchased for 95,300 @ 9.5330,000  284,800 9.49

Prior Mention
http://shadowstock.blogspot.com/search?q=zinc


AIRT : Air T Inc. 10% Ownership : Gioffre John J  (Air Delivery & Freight Services) 1000    shares purchased for $7780  @ 7.78

Prior Mention
http://shadowstock.blogspot.com/search?q=airt


HNH:  Handy &Harman Ltd. 10% Ownership : SPH Group Holdings LLC   13,009 shares purchased for  168,566  @12.92

Prior Mention
http://shadowstock.blogspot.com/search?q=hnh

Insider purchases today (06/23/11) Why are they worth a closer look

these are not recommendations but only additional data for today's value based insider buys.

Click to view quotes on the ideas below

ICCC: 23 million market cap doubles over the prior 3 month and insider steps foward to purchase more shares.

"Marketwire - 06/09/11) - ImmuCell Corporation (NASDAQ:ICCC - News) today announced that the Center for Veterinary Medicine, U.S. Food and Drug Administration (FDA) has accepted the pivotal Nisin residue data in milk and has assigned a zero milk discard time and zero meat withdrawal period. These 'claims' are subject to obtaining the Human Food Safety (HFS) Technical Section Complete Letter and ultimately approval of the New Animal Drug Application (NADA)."

ICCC ImmuCell Corp. 10% Ownership : Tomsche David Scott industry = Diagnostic Substances 2322 shares purchased for 14,497 @6.24

i've mentioned ICCC many times and still own the stock:
please click to view

HNH: HNH: Handy & Harman Ltd

Current Price = 15.94
52wk Range: 3.85 - 16.32
5 year range: 1.10-103.00

strong pattern of recent insider buying, value based institutions holding shares KENNEDY CAPITAL MANAGEMENT, GAMCO INVESTORS, GABELLI FUNDS, LICHTENSTEIN WARREN, BERTOLET CAPITAL TR-PINNACLE VALUE FD

insider ownership =  11.87%

Increasing revenues 21.80%  quarterly YOY

improving gross margins of 26.6% for the TTM versus 18.8% (2007), 20.8% (2008), 24.3% (2009) 26.8% (2010)

Quick ratio = .65

Tonight's (06/23/11) Insider buys
10% owner purchased 1,000 shares for 14,258 @ 14.24
Prior mentions of HNH click to review

OCC   Optical Cable Corporation      10% Ownership : WEBER CRAIG H        purchased   11,600  shares for  47,034  @ 4.07 

Profitable ROIC was 6.58 after two years of negative ROIC.

EV/EBITDA = 5.27

EV/Revenue = 0.46

YOY quarterly revenue growth = 12.60%

1% current dividend yield

23 acres of land near the Roanoke, Virginia airport and major trucking company facilities along with a building

Market Cap = 26 million

SPAN    Span-America Medical    10% Ownership : LEE DAN R       Medical Appliances & Equipment  500  shares purchased for  7,699  @16.28

Market cap = 41 million
EBITDA/EV = 5.25

current dividend yield = 3%

cash per share = 2.06

 PZZI    Pizza Inn, Inc. Senior Vice President & COO : Jobe Madison      industry = Restaurants     5,000 shares purchased for 12,500  @ 2.5

Value Based Insider Buys 082112

Click for quotes on stocks below

Twitter Post Details

AIRT: AIR T INC  Insider Purch 5,000 Shares for $41,650 at $ 8.33 Buyers Title = 10% Ownership   Time Reported: 17:29:55 Shares Owned after Purch 324,833

CLRO: CLEARONE COM Insider Purch 1,840 Shares for $7,231 at $ 3.93 Buyers Title = PRESIDENT & CEO  Time Reported: 15:44:30 Shares Owned after Purch 77,376

CLRO: CLEARONE COM Insider Purch 2,160 Shares for $8,510 at $ 3.94 Buyers Title = PRESIDENT & CEO   Time Reported: 15:44:30 Shares Owned after Purch 75,536

CLRO: CLEARONE COM Insider Purch 8 Shares for $31 at $ 3.88 Buyers Title = PRESIDENT & CEO  Time Reported: 15:44:30 Shares Owned after Purch 0

EPAX: AMBASSADORS  Insider Purch 10000 Shares for $52,400 at $ 5.24 Buyers Title = 10% Ownership   Time Reported: 19:23:01 Shares Owned after Purch 32,000

EPAX: AMBASSADORS  Insider Purch 3,400 Shares for $17,884 at $ 5.26 Buyers Title = 10% Ownership   Time Reported: 19:23:01 Shares Owned after Purch 20,215

EPAX: AMBASSADORS  Insider Purch 4600 Shares for $24,104 at $ 5.24 Buyers Title = 10% Ownership   Time Reported: 19:23:01 Shares Owned after Purch 16,815

EPAX: AMBASSADORS  Insider Purch 5000 Shares for $26,300 at $ 5.26 Buyers Title = 10% Ownership   Time Reported: 19:23:01 Shares Owned after Purch 37,000

HNH: HANDY & HARM Insider Purch 100 Shares for $1350 at $13.50 Buyers Title = See Explanation of Responses  Time Reported: 19:12:50 Shares Owned after Purch 95,765

HNH: HANDY & HARM Insider Purch 1784 Shares for $24,584 at $13.78 Buyers Title = See Explanation of Responses  Time Reported: 19:12:50 Shares Owned after Purch 97,549

MRVC.PK: MRV COMMUNIC Insider Purch 4000 Shares for $2,080 at $ 0.52 Buyers Title = President, MRV OCS  Time Reported: 17:28:43 Shares Owned after Purch 8,000

MRVC.PK: MRV COMMUNIC Insider Purch 4000 Shares for $2,120 at $ 0.53 Buyers Title = President, MRV OCS  Time Reported: 17:28:43 Shares Owned after Purch 4,000

Value Stocks with insider buying 06/14/11

ELSE    Electro-Sensors Inc:  1,806 shares purchased at  4.50 for $8,126 shares owned after the purchase is 370,610

10% Ownership : Swenson Nicholas John   Industry = Scientific & Technical Instruments
52 week range =  3.90 - 5.14 

HNH   Handy & Harman Ltd: 7000 shares purchased at 12.76 for $89,320 shares owned after the purchase is 6,440,436 

10% Ownership : SPH Group Holdings LLC Industry Equipment & Components
52 week range = 3.76 to13.85

HNH Handy & Harman Ltd: 35,000 shares purchased at 13.45 for $470,750 shares owned after the purchase is 6,433,436

10% Ownership : SPH Group Holdings LLC Industry Equipment & Components
52 week range = 3.76 to13.85

08/17/11 Micro Cap Value Insider Buys

PFIN:    P&FIndustries Inc. 10% Ownership : Brownstein Howard Brod  (Small Tools & Accessories    industry)   purchased 4,200 shares for $19,881  @4.68

Market Cap : 18.72M

Enterprise Value 34.47M

TTM ROIC = 8.86%

Historical high gross margins @ 35% for the TTM

20% YOY quarterly

Total Liabilities continue to drop yearly

this important change was pointed out in a prior post as the enterprise value drops faster than the market price or the spread between value and price improves but often overlooked

"Hidden Value with Highly Leveraged Stocks"

Current price is $5.18 : the post price was $3.30

Prior mentions of PFIN:

HNH :  Handy &Harman Ltd.    10% Ownership : SPH Group Holdings LLC  purchased  14,280 shares for   $185,715 @12.97

BDR :Blonder Tongue Labor    Senior Vice President : WESTCOTT NORMAN A       (Communication Equipment industry) purchased 285 shares for $ 485 @ 1.70

Market Cap: 8.32M
Enterprise Value: 10.12M

3.51 book value and 30 million in TTM revenue coupled with real estate with a market value potentially greater than at least half the enterprise value.

Important note: Own 20 acres of land in Old Bridge New Jersey and building totaling 130,000 square feet.

Value: 08/19 Reported Insider Buys: Negative EV

ZINC:  Horsehead Holding Co    10% Ownership : Rosenberger Bryan D.    (Industry = Industrial Metals & Minerals) Purchased   1,600  shares for $ 14,880 @ 9.30

Market Cap: 388.02M

Enterprise Value: 258.81M

Value based shareholders:
ROYCE & ASSOCIATES: 12% of the shares outstanding
PABRAI, MOHNISH: 3.11% of the shares outstanding
50.1% off 52 week high and 66% off 5 year high: 1 month return = -29.30%

Strong diversified recent string of insider buying over the past week                               

PFIN:   P&FIndustries Inc.   10% Ownership : Brownstein Howard Brod  (Industry = Small Tools & Accessories)    5,700 Shares purchased for $ 29,450 @5.15

Historically high GM%

65% of 5 years high, YTD return of 35%

Market Cap: 17.51M
Enterprise Value: 30.68M

OPTI.OB :  10% Ownership : S. MUOIO & CO. LLC  Purchased   12,000 shares for $20,102  @1.68

Market Cap:19.68M
Enterprise Value:-6.10M   
Negative enterprise value

HNH :  Handy &Harman Ltd.     10% Ownership : SPH Group Holdings LLC   Purchased  22,623  shares for   $289,237 @12.78

Historically high margins

Market Cap:155.05M
Enterprise Value:326.56M

Continued Insider Micro Cap Value Buying: 08/31/11

Click to view quotes on the stocks below

EDGW:  Edgewater Technology    Chairman, President and CEO : SINGLETON SHIRLEY (Industry = Information Technology Services) purchased  4,000 shares for $ 11,600 @ 2.90

EDGW:  Edgewater Technology    EVP & Chief Technology Officer : CLANCEY DAVID  (Industry = Information Technology Services) purchased 6,000 shares for $17,700  @2.95

NLS:  Nautilus Inc.   Chief Financial Officer : MULHOLLAND MICHAEL D  (Industry = Sporting Goods) purchased  5,000 shares for $ 7,750 @ 1.55

CKEC:  Carmike Cinemas Inc.    President and CEO : PASSMAN S DAVID III (Industry = Movie Production, Theaters  ) purchased  9,000 shares for $61,186 @ 6.80

BLD:  Baldwin Technology C    10% Ownership : Griswold Paul J.  (Industry =   Diversified Machinery)   10,000 shares purchased for $ 11,230 @1.15

HNH : Handy &Harman Ltd.    10% Ownership : SPH Group Holdings LLC   purchased  81,460 shares for   $1,136,528  @ 13.72

ARSD : Arabian American Dev    10% Ownership : AL ATHEL FAHAD MOHAMMED SALEH   (Industry = Oil & Gas Refining & Marketing) 1,407shares purchased for $5,487  @3.89

TLF: Tandy Leather Factor    10% Ownership : Bandera Partners LLC (Industry =  Textile - Apparel Footwear & Accesso )   14,780  70,856  4.75

Follow up value based insider buys reported 06/20/11

Click to view quotes for ideas below

NAII: Natural Alternatives    CEO/Chairman : LEDOUX MARK A    industry = Drug Related Products   3,000 shares purchased f or 10,770  @3.59
continued insider buys click to view some historical insider transactions


NAVR: Navarre Corp  10% Ownership : Willis Richard  Industry = Computers Wholesale 
15,000  shares purchased for 26,700  @1.78
continued insider buys click to view some historical insider transactions


QLTI: QLT Inc.  10% Ownership : CLARKE C BOYD  Industry =  Biotechnology
4,000   shares purchased for 27,000 @ 6.75
continued insider buys click to view some historical insider transactions

PZZI : Pizza Inn, Inc
continued insider buys click to  view some historical insider transactions


 DGSE: DGSE Companies Inc
continued insider buys click to view some historical insider transactions

CFI: Culp Inc.  10% Ownership : ASEN R SCOTT    Industry = Textile Industrial
2,378 shares purchased for   17,951  @7.55
continued insider buys click to view some historical insider transactions



HNH:   10% Ownership : SPH Group Holdings LLC          9,800  shares purchased for  129,326 @ 13.11

ADPT    ADPT Corp   10% Ownership : SPH Group Holdings LLC     1,196,600  shares purchsed for 3,569,268 @  2.99

06/16/11 reported value based insider purchases:Fundamentals

Click to view all the stocks below

BH:  Biglari Holdings Inc    Chairman and CEO : BIGLARI, SARDAR     Industry =  Restaurants     150 shares purchased @  378.45 for $56,570  
15.43% held by insiders, EV/EBITDA = 6.50, EV/Sales = .77
Major Holders Click to View

CKEC: Carmike Cinemas Inc.    President and CEO : PASSMAN S DAVID III  Industry = Movie Production, Theaters :  Shares purchased 724  for 4,894 @ 6.76 
Major Holders click to view

continued insider purchases 2011 and 2010 click to view

Highly leveraged company troubled company paying down debt with strong real estate holdings.
18% held by insiders, stable share count with share buybacks in prior yearly periods.
52 week range = 5.36 - 9.79

NAVR: Navarre Corp.   10% Ownership : Shisler Bradley J.     Industry =  Computers Wholesale     13,951  shares purchased for 24,513 for 1.75 
stable share count and strong  debt reduction,
ROIC = 15.79
improving quick ratio of .83 for the TTM versus an average .57 for the prior 3 years
Top line growth has been negative over past few years
EV/EBITDA = 7.14, EV/Sales = .15

insider buying 2011 click to view
Major Holders click to view


MERC: Mercer International    10% Ownership : WITTS GRAEME  industry =  Paper & Paper Products  4,000 shares purchased for 44,320 @ 11.08
EV/EBITDA = 4.23 ROIC = 12.20 improving margins FCF/Sales = 13.12%
insider purchases click here to view

Major holders click here to view

JBSS:John B Sanfilippo &S    10% Ownership : EDGAR JIM      Industry =  Processed & Packaged Goods      1,000  shares purchased for 7,650 for @ 7.65
Strong real estate holdings
52 week price range 7.60 - 16.20
P/S down to 2008 levels @ P/S = .13
food inflation continues to hurt the stock

Insider Activity click to view
Major Holder click to view

HNH   Handy & Harman  10% Ownership : SPH Group Holdings LLC  industry = Industrial Equipment & Components  7,170 shares purchased for 88,357 @ 12.25

major holders click to view

MYE   Myers Industries Inc    President and CEO : ORR JOHN C  industry = Rubber & Plastics 
2,000 shares purchased for 19,819 for 9.91 

major holders click to view

Micro cap value insider purchases: 08/24/11

Click for Quotes on the Stocks Below

LOOK: LookSmart, Ltd.   10% Ownership : Kauffman Scott L    (Industry =    Internet Information Providers  ) purchased 10,000  shares for $14,900  @1.49

MMUS: MakeMusic Inc.  Chief Executive Officer : VAN LITH KAREN      (Industry =   Multimedia & Graphics Software)  purchased  5,000 shares for $25,800 @ 5.16

MPAA :  Motorcar Parts of Am    10% Ownership : Mirvis Jeffrey P    (Industry =   Auto Parts) purchased  1,000 shares for $9,400   @9.40

HNH :  Handy &Harman Ltd.   10% Ownership : SPH Group Holdings LLC   purchased   15,888 shares for  $193,828 @12.20

SIX :  Six Flags Entertainm    SVP- Administration, Secretary : HAWRYLAK WALTER    (Industry =   General Entertainment ) purchased  1,000 shares for $30,930 @30.93

TLF :Tandy Leather Factor    10% Ownership : Bandera Partners LLC   (Industry =  Textile - Apparel Footwear & Accesso) purchased   11,525 shares for $54,669 @4.65

ITI:  Iteris, Inc.    10% Ownership : MILLER LLOYD I III (Industry =  Communication Equipment)  purchased 900 shares f or $ 963 @ 1.07

DYAX:  Dyax Corp.   10% Ownership : KEMPNER THOMAS L     (Industry =  Biotechnology) purchased   3,350 shares for $3,685  @ 1.10

CRC:  Chromcraft Revington    10% Ownership : KUNZ LARRY P   (Industry = Home Furnishings & Fixtures  ) purchased  2,300 shares for $2,806  @ 1.22

ADPT :  ADPT Corp   10% Ownership : SPH Group Holdings LLC   purchased  34,700 shares for $96,159  @2.78

Value Based Insider Buying (08/11/11)

Quotes on the stocks below

RIMG: Rimage Corporation    President & CEO : Black Sherman purchased 1,000 shares for $13,017 @ 13.02

Industry = Computer Peripherals   

EV/Revenue = .14

YOY Quarterly revenue change = -9.50%

Market Cap: 130.29M

Enterprise Value : 3.85M

Gross Profit (ttm): 43.51M

EBITDA (ttm): 13.82M

ITI : Iteris, Inc.   10% Ownership : MILLER LLOYD I  purchased 5,300 shares for $ 5,671 @ 1.07  Industry = Communication Equipment

Sr. Vice President : MCKHANN GREG   Purchased 8,000 shares for $ 8,750 @ 1.10        

KSWS :   K-Swiss Inc.  10% Ownership : LOUIE MARK      500 shares purchased for $ 3,365 @ 6.73 Industry = Textile - Apparel Footwear & Accesso   

RT:  Ruby Tuesday, Inc.   10% Ownership : CLAYTON KEVIN T     5,000 shares purchased for    $38,750  @7.75 Industry = Restaurants

SYNL: Synalloy Corp.  CEO & President : BRAM CRAIG C  (Industry = Steel & Iron)    363 shares purchased for  $3,636 @ 10.13

CENX :  Century Aluminum Co.    10% Ownership : Glencore AG    (Industry =  Aluminum)    503,343 shares purchased for $4,686,123 @ 9.31

HNH : Handy &Harman Ltd.     10% Ownership : SPH Group Holdings LLC    13,826 shares purchased for   $173,109 @12.05