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Weekly CEO Buys Highlight: FFIN, STEC, MPO, PACB, TPGI

November 25, 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 $37.47. First Financial Bankshares Inc. is a registered multi-bank holding company. First Financial Bankshares Inc. has a market cap of $1.11 billion; its shares were traded at around $37.47 with a P/E ratio of 15.2 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.

Director Murray Hamilton Edwards bought 618 shares of FFIN stock on 6/5/2012 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 21.46% since. There are mixed trades from other insiders.

STEC, Inc. (NASDAQ:STEC): President and CEO Mehrdad Moshayedi Bought 137,664 Shares

President and CEO of STEC, Inc. (NASDAQ:STEC) Mehrdad Moshayedi bought 137,664 shares on 11/21/2012 at an average price of $4.71. Simple Technology is a technology solutions provider offering products based on dynamic random access memory, or DRAM, static random access memory, or SRAM, and flash memory technologies. STEC has a market cap of $192.8 million; its shares were traded at around $4.71 with a P/S ratio of 0.6. STEC had an annual average earnings growth of 19.1% over the past five years.

STEC recently announced its financial results for the third quarter ended Sept. 30, 2012. Revenue for the third quarter of 2012 was $42.1 million, a decrease of 41.9% from $72.5 million for the third quarter of 2011 and an increase of 3.4% from $40.7 million for the second quarter of 2012.

Joel Greenblatt owns 290,969 shares as of 9/30/2012, which accounts for 0.13% of the $1.5 billion portfolio of Gotham Capital.

Moshayedi bought 137,665 shares of STEC stock on 11/21/2012 at the average price of $4.31. Moshayedi owns at least 2,453,742 shares after this. The price of the stock has increased by 9.28% 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 $6.26. 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 $353.1 million; its shares were traded at around $6.26 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.

Vice President of Midstream James R. Hart bought 6,000 shares of MPO stock on 11/15/2012 at the average price of $5.08. Hart owns at least 108,599 shares after this. The price of the stock has increased by 23.23% since. Other insiders have also increased their positions in the company.

Pacific Biosciences of California Inc. (NASDAQ:PACB): Chairman, CEO and President Michael Hunkapiller Bought 417,300 Shares

Chairman, CEO and president of Pacific Biosciences of California Inc. (NASDAQ:PACB) Michael Hunkapiller bought 417,300 shares during the past week at an average price of $1.45. Pacific Biosciences of California Inc. is engaged in the development, manufacture and commercialization of its single molecule, real-time, or SMRT technology-an integrated platform for genetic analysis. Pacific Biosciences of California Inc. has a market cap of $66.3 million; its shares were traded at around $1.45 with a P/S ratio of 1.9.

PACB recently announced its third quarter 2012 financial results. Revenue for the third quarter of 2012 totaled $2.8 million compared to revenue of $7.3 million for the second quarter of 2012. Net loss for the quarter was $22.7 million compared to the $22.5 million net loss during the second quarter of 2012.

Lee Ainslie owns 3,531,953 shares as of 9/30/2012, which accounts for 0.086% of the $7.55 billion portfolio of Maverick Capital. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 9/30/2012.

Thomas Properties Group Inc. (NYSE:TPGI): Chairman, President and CEO James A. Thomas Bought 77,700 Shares

Chairman, President & CEO of Thomas Properties Group, Inc. (NYSE:TPGI) James A Thomas bought 77,700 shares during the past week at an average price of $5.79. Thomas Properties Group, Inc. is a real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. Thomas Properties Group Inc. has a market cap of $252.5 million; its shares were traded at around $5.79 with a P/E ratio of 91.5 and P/S ratio of 2.7. The dividend yield of Thomas Properties Group Inc. stocks is 1.5%.

TPGI recently announced its third quarter 2012 financial results. The consolidated net loss for the three months ended Sept. 30, 2012 was $4.1 million or $0.09 per share compared to consolidated net income of $2.1 million or $0.06 per share for the three months ended Sept. 30, 2011.

Third Avenue Management owns 7,667,279 shares as of 9/30/2012, which accounts for 1% of the $4.4 billion portfolio of Third Avenue Management. Arnold Schneider owns 347,667 shares as of 9/30/2012, which accounts for 0.19% of the $1.09 billion portfolio of Schneider Capital Management.

Co-COO John R. Sischo sold 3,000 shares of TPGI stock on 11/16/2012 at the average price of 5.5. Sischo owns at least 289,783 shares after this. The price of the stock has increased by 5.27% since. Other insiders have also decreased their positions in the company.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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