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

November 19, 2012 | About:
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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. (NASDAQ:FFIN): Chairman, President and CEO F. Scott Dueser Bought 132,977 Shares

Chairman, President and CEO of First Financial Bankshares Inc. (NASDAQ: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. (NASDAQ:VOCS): Chairman, CEO and President Richard E. Rudman Bought 70,000 Shares

Chairman, CEO and President of Vocus Inc. (NASDAQ: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 (NYSE:HK): Chairman and CEO Floyd C. Wilson Bought 175,000 Shares

Chairman and CEO of Halcon Resources Corp (NYSE: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. (NYSE:ABR): COB, CEO, President and 10% Owner Ivan Kaufman Bought 105,000 Shares

COB, CEO, President and 10% Owner of Arbor Realty Trust Inc. (NYSE: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. (NYSE:MPO): President and CEO John A. Crum Bought 100,000 Shares

President and CEO of Midstates Petroleum Co. Inc. (NYSE: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.


Rating: 3.2/5 (5 votes)

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