Insiders Have Bought Chesapeake Energy Corporation (CHK), Dollar Tree, Inc. (DLTR), and More

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The wife of the Chairman of the Board at The J.M. Smucker Company (NYSE:SJM) acquired 1,000 shares of stock at an average price of $101.05 per share. The trailing and forward P/Es at The J.M. Smucker Company (NYSE:SJM) are 20 and 16, respectively, roughly in line with where other large food companies trade. Revenue and earnings were up in its last fiscal year (which ended in April) but the most recent quarter’s numbers showed a revenue declined compared to the previous fiscal Q4. Winton Capital Management, managed by billionaire David Harding, reported owning about 280,000 shares at the end of the first quarter of 2013 (find Harding’s favorite stocks).

Multiple insiders have been buying $3.6 billion market cap pipeline and storage company NuStar Energy L.P. (NYSE:NS). NuStar Energy L.P. (NYSE:NS) has been making quarterly dividend payments of roughly $1.10 per share for the last two years, and at current prices that makes for an annual yield of about 10%. While that’s certainly a high yield, we’d warn income investors that the company’s profitability has been low and generally coming in under expectations. Chuck Akre’s Akre Capital Management initiated a position of over 1 million shares in the first quarter of this year.

A Board member at Standard Parking Corporation (NASDAQ:STAN) directly purchased 20,000 shares of the company’s stock over a period of three trading days in late June. When we looked at Standard Parking Corporation (NASDAQ:STAN), it didn’t seem to appealing: a recent acquisition increased the size of the company, but operating income grew only 15% in Q1 2013 versus a year earlier and this increase was wiped out by higher interest expenses as well as a 40% increase in share count. The sell-side is predicting good growth numbers for the next year and a half, but the forward P/E is 19 and we think that may be being optimistic anyway.

Disclosure: I own no shares of any stocks mentioned in this article.

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