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Weekly Top Insider Buys: EMC, SEP

December 31, 2012 | About:
gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: EMC Corporation (EMC) and Special Opportunities Fund Inc. (SEP).

The overall trend of insiders is illustrated in the chart below:



EMC Corporation (EMC): Director Barry T. Davies Bought 1,000,000 Shares

Director of EMC Corporation, Barry T. Davies, bought 1,000,000 shares on 12/28/2012 at an average price of $24.83. EMC Corporation was incorporated in Massachusetts in 1979. EMC Corporation has a market cap of $52.31 billion; its shares were traded at around $24.83 with a P/E ratio of 18.2 and P/S ratio of 2.6. EMC Corporation had an annual average earnings growth of 19% over the past 5 years.

On Oct. 24, EMC Corporation reported financial results for the third quarter of 2012, highlighted by record third-quarter consolidated revenue, net income and EPS. Third-quarter consolidated revenue was $5.28 billion, an increase of 6% compared with the year-ago quarter. Third-quarter GAAP net income attributable to EMC increased 3% year over year to $626 million. Third-quarter GAAP earnings per weighted average diluted share increased 4% year over year to $0.28. Non-GAAPnet income attributable to EMC for the third quarter was $881 million, an increase of 7% compared with the year-ago quarter. Third-quarter non-GAAP earnings per weighted average diluted share were $0.40, an increase of 8% year over year.

This month, Director Barry T. Davies bought 1,000,000 shares of EMC stock. Director David N. Strohm, President and COO David I. Goulden, Executive Vice President and General Counsel Paul T. Dacier and Director John R Egan sold shares this month. Chairman and CEO Joseph M. Tucci sold 450,000 shares in August.

Special Opportunities Fund Inc. (SPE): Vice President and Treasurer Rajeev P. Das Bought 2,500 Shares

Vice President and Treasurer of Special Opportunities Fund Inc., Rajeev P. Das, bought 2,500 shares on 12/26/2012 at an average price of $0. Special Opportunities Fund Inc. is a closed-end, diversified management investment company whose investment objective is to achieve a high level of current income that is exempt from federal income tax, consistent with the preservation of capital. Special Opportunities Fund Inc. has a market cap of $107.1 million; its shares were traded at around $14.95. The dividend yield of Special Opportunities Fund Inc. stocks is 3.5%.

Last week, Vice President and Treasurer Rajeev P. Das bought 2,500 shares of SPE stock. Director James M. Chadwick bought 750 in October. Investment Advisor Principal Steven Samuels bought 1,000 shares in September and Chairman and Secretary Phillip Goldstein bought 2,896 shares in August.

  • 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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