According to GuruFocus insider data, these are the largest CEO buys of the past week.
Odonate Therapeutics
Odonate Therapeutics Inc. (ODT, Financial) CEO and 10% Owner Kevin C. Tang bought 1,052,631 shares on Aug. 28 for an average price of $14.25. The share price has increased by 4.7% since then.
Odonate Therapeutics is a U.S.-based pharmaceutical company that is engaged in the development of therapeutics that improve and extend the lives of patients with cancer. The company mainly focuses on the development of tesetaxel, a novel chemotherapy agent that belongs to a class of drugs, taxanes, which are widely used in the treatment of cancer including breast cancer.
The company has a market cap of $608.22 million. Its shares traded at $14.92 as of Sept. 4.
For the three months ended June 30, the net loss was $33.4 million compared to a loss of $28.7 million for the same period in 2019.
Director and 10% owner Boxer Capital LLC bought 1,403,509 shares on Aug. 28 at a price of $14.25. Since then, the share price has increased 4.7%.
Director and 10% owner Aaron I. Davis bought 1,403,509 shares on Aug. 28 at a price of $14.25. The stock has gained 4.7% since then.
SmileDirectClub
SmileDirectClub Inc. (SDC, Financial) CEO, Chairman and 10% owner David B. Katzman bought 1,278,130 shares on Aug. 31 at a price of $8.07. Since then, the stock has gained 18.59%.
SmileDirectClub is engaged in the orthodontics business. It operates a teledentistry business called SmileCheck that offers customized aligner treatment. It is mainly involved in the sale of aligners, impression kits, whitening gel and retainers.
The company has a market cap of $3.69 billion. Its shares traded at $9.57 as of Sept. 4.
The net loss for the second quarter of 2020 was $94.67 million, compared to a loss of $32.44 million for the prior-year quarter.
Chief Financial Officer Kyle Wailes bought 20,000 shares on Aug. 31 for an average price of $7.69 and 53,000 shares on Aug. 14 at a price of $7.8. The share price has increased by 22.69% since then.
Director Richard F. Wallman bought 15,000 shares on Sept. 2 at a price of $8.51. Since then, the stock has climbed 12.46%.
Director and 10% owner Jordan M. Katzman bought 663,130 shares on Aug. 31 at a price of $8.05. The share price has increased by 18.88% since then.
Franchise Group
Franchise Group Inc. (FRG, Financial) CEO and 10% owner Brian Randall Kahn bought 175,000 shares on Sept. 2 at a price of $25.50. Since then, the price of the stock has decreased by 1.29%.
Franchise Group is a personal services company that provides retail federal and state income tax preparation services and related tax settlement products. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax+ brand names. Liberty Tax also provides online do-it-yourself tax programs within the U.S. The company derives most of its revenue from franchise fees, royalties and advertising fees related to its franchise locations. The sale of financial products and tax preparation service fees also contribute to sizable percentages of the company's total income. Liberty Tax also operates a smaller portfolio of wholly-owned company offices.
The company has a market cap of $1.01 billion. Its shares traded at $25.17 as of Sept. 4.
During the second quarter of 2020, the company recorded a net loss of $21.7 million.
Golub Capital BDC
Golub Capital BDC Inc. (GBDC, Financial) CEO David Golub bought 229,933 shares over the past week at an average price of $13.86.
Golub Capital BDC is an externally managed, closed-end, non-diversified management investment company. The company's investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in U.S. middle-market companies. It also invests in second lien and subordinated loans, warrants and minority equity securities in middle-market companies. The company's competitors in providing financing to middle-market companies include public and private funds, other business development companies, commercial and investment banks and commercial financing companies.
The company has a market cap of $2.16 billion. Its shares traded at $12.90 as of Sept. 4.
Net investment income during the three months ended June 30 was $35.07 million, compared to $19.41 million for the prior-year quarter.
Golub bought 87,200 shares on Aug. 21 at a price of $12.72; 30,453 shares on Aug. 26 at a price of $12.96; 37,203 shares on Aug. 27 at a price of $12.99; 4,731 shares on Sept. 1 at a price of $13.05; and 84,792 shares on Sept. 2 at a price of $13.29. The share price has decreased by 2.93% since then.
Chairman Lawrence E. Golub bought 87,200 shares on Aug. 21 at a price of $12.72; 30,453 shares on Aug. 26 at a price of $12.96; 37,203 shares on Aug. 27 at a price of $12.99; 4,731 shares on Sept. 1 at a price of $13.05; and 84,792 shares on Sept. 2 at a price of $13.29. Since then, the stock has declined 2.93%.
Invesco
Invesco Ltd. (IVZ, Financial) President and CEO Martin L. Flanagan bought 294,507 shares on Sept. 2 at a price of $10.19. The share price has increased by 11.78% since then.
Invesco provides investment management services to retail and institutional clients. At the end of May, the firm had $1.143 trillion in assets under management spread out among its equity, balanced, fixed-income, alternative investment and money market operations. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of the U.S., with just over 30% of its assets under management sourced from Canada, the U.K., continental Europe and Asia.
The company has a market cap of $5.23 billion. Its shares traded at $11.39 as of Sept. 4.
Net income for the second quarter of 2020 was $40.5 million, compared to $40.1 million for the second quarter of 2019.
Director Sarah Beshar bought 9,500 shares on Sept. 2 at a price of $10.54. Since then, the share price has increased by 8.06%.
For the complete list of stocks bought by their company CEOs, go to CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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