Weekly CEO Buys Highlight: FFIN, VOCS, HK, ABR, MPO

Author's Avatar
Nov 19, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:



First Financial Bankshares Inc. (FFIN, Financial): Chairman, President and CEO F. Scott Dueser Bought 132,977 Shares

Chairman, President and CEO of First Financial Bankshares Inc. (FFIN) F. Scott Dueser bought 132,977 shares on 11/16/2012 at an average price of $35.31. First Financial Bankshares Inc. is a registered multi-bank holding company. First Financial Bankshares Inc. has a market cap of $1.12 billion; its shares were traded at around $35.31 with a P/E ratio of 15.3 and P/S ratio of 5.3. The dividend yield of First Financial Bankshares Inc. stocks is 2.8%. First Financial Bankshares Inc. had an annual average earnings growth of 6.9% over the past 10 years.

FFIN recently reported earnings for the second quarter of 2012 of $18.35 million, up 11.08 percent compared with earnings of $16.52 million in the same quarter last year. Basic earnings per share were $0.58 for the second quarter of 2012 compared with $0.53 in the same quarter a year ago.

Director Murray Hamilton Edwards bought 618 shares of FFIN stock on 06/05/2012 at the average price of 30.85. Murray Hamilton Edwards owns at least 71,965 shares after this. The price of the stock has increased by 14.46% since. There are mixed trades from other insiders.

Vocus Inc. (VOCS, Financial): Chairman, CEO and President Richard E. Rudman Bought 70,000 Shares

Chairman, CEO and President of Vocus Inc. (VOCS) Richard E. Rudman bought 70,000 shares on 11/08/2012 at an average price of $16.19. Vocus Inc. is a provider of on-demand software for public relations management. Vocus Inc. has a market cap of $304.9 million; its shares were traded at around $16.19 with and P/S ratio of 2.7.

VOCS recently reported its third quarter 2012 financial results. GAAP revenue for the third quarter of 2012 was $45.2 million, a 57 % increase over the comparable period in 2011.

Director Kevin J. Burns bought 10,000 shares of VOCS stock on 05/30/2012 at the average price of $15.27. Kevin J. Burns owns at least 45,602 shares after this. The price of the stock has increased by 6.02% since. Other insiders have also decreased their positions in the company.

Halcon Resources Corp (HK, Financial): Chairman and CEO Floyd C. Wilson Bought 175,000 Shares

Chairman and CEO of Halcon Resources Corp (HK) Floyd C. Wilson bought 175,000 shares on 11/09/2012 at an average price of $5.88. Halcon Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. Halcon Resources Corp has a market cap of $1.19 billion; its shares were traded at around $5.88 with and P/S ratio of 11.5.

Halcon Resources recently reported its third quarter 2012 financial results. Revenues for the three months ended Sept. 30, 2012 increased to $73.1 million, compared to $24.2 million for the three months ended Sept. 30, 2011

Ron Baron bought 1,744,030 shares in the quarter that ended on 09/30/2012, which is 0.081% of the $15.86 billion portfolio of Baron Funds. Mario Gabelli bought 11,592 shares in the quarter that ended on 09/30/2012, which is less than 0.01% of the $13.78 billion portfolio of GAMCO Investors.

Director Tucker S. Bridwell bought 20,000 shares of HK stock on 11/13/2012 at the average price of $5.74. Tucker S. Bridwell owns at least 3,275,000 shares after this. The price of the stock has increased by 2.44% since. There are mixed trades from other insiders.

Arbor Realty Trust Inc. (ABR, Financial): COB, CEO, President and 10% Owner Ivan Kaufman Bought 105,000 Shares

COB, CEO, President and 10% Owner of Arbor Realty Trust Inc. (ABR) Ivan Kaufman bought 105,000 shares during the past week at an average price of $5.04. Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Arbor Realty Trust Inc. has a market cap of $149.3 million; its shares were traded at around $5.04 with and P/S ratio of 1.5. The dividend yield of Arbor Realty Trust Inc. stocks is 7.4%.

Director Melvin F. Lazar bought 10,000 shares of ABR stock on 11/13/2012 at the average price of $5.46. Melvin F. Lazar owns at least 90,000 shares after this. The price of the stock has decreased by 7.69% since.

Midstates Petroleum Co. Inc. (MPO, Financial): President and CEO John A. Crum Bought 100,000 Shares

President and CEO of Midstates Petroleum Co. Inc. (MPO) John A. Crum bought 100,000 shares during the past week at an average price of $5.32. Midstates Petroleum Company Inc. is engaged in the exploration and development of oil and natural gas properties in central Louisiana. Midstates Petroleum Co. Inc. has a market cap of $353 million; its shares were traded at around $5.32 with and P/S ratio of 1.7.

MPO recently reported its third quarter 2012 financial results. The company reported a net loss of $17.8 million, or $0.27 per share, for the third quarter of 2012 as compared to net income of $48.5 million for the third quarter of 2011. The net loss for the third quarter of 2012 includes unrealized losses on derivatives of $29.6 million as well as a non-cash tax benefit of $11.6 million.

Corporate Counsel and Secretary John P. Foley bought 13,000 shares of MPO stock on 08/16/2012 at the average price of $7.52. John P. Foley owns at least 602,737 shares after this. The price of the stock has decreased by 29.26% since.