Weekly CEO Buys Highlight: UTHR, DNR, RICK, PERF

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Jan 07, 2013
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:



United Therapeutics Corporation (UTHR, Financial): CEO Martine A. Rothblatt Bought 4,167 Shares

CEO of United Therapeutics Corporation (UTHR) Martine A. Rothblatt bought 4,167 shares on 12/28/2012 at an average price of $51.82. United Therapeutics Corporation was incorporated in Delaware in June 1996. United Therapeutics Corporation has a market cap of $2.64 billion; its shares were traded at around $51.82 with a P/E ratio of 10.6 and P/S ratio of 3.6.

United Therapeutics recently reported its third quarter 2012 financial results. Total revenues for the quarter ended Sept. 30, 2012, were $242.5 million, up from $201.7 million for the quarter ended Sept. 30, 2011. Net income for the quarter ended Sept. 30, 2012, was $78.1 million or $1.52 per basic share, compared to $84.4 million or $1.45 per basic share for the same quarter in 2011. Gross margin from sales was $212.9 million for the quarter ended Sept. 30, 2012, compared to$178.3 million for the same quarter last year.

John Hussman bought 500,000 shares in the quarter that ended on 09/30/2012, which is 0.67% of the $4.15 billion portfolio of Hussman Economtrics Advisors. HOTCHKIS & WILEY owns 266,800 shares as of 09/30/2012, an increase of 270.56% from the previous quarter. This position accounts for 0.088% of the $16.9 billion portfolio of Hotchkis & Wiley Capital Management LLC. Joel Greenblatt owns 280,089 shares as of 09/30/2012, which accounts for 1% of the $1.5 billion portfolio of Gotham Capital.

CFO John Maxim Ferrari sold 1,550 shares of UTHR stock on 10/04/2012 at the average price of $58. The price of the stock has decreased by 10.66% since. Other insiders have also reduced their positions in the company.

Denbury Resources Inc. (DNR, Financial): CEO Phil Rykhoek Bought 1,694 Shares

CEO of Denbury Resources Inc. (DNR) Phil Rykhoek bought 1,694 shares on 12/31/2012 at an average price of $16.77. Denbury Resources Inc. was originally incorporated in Canada in 1951. Denbury Resources Inc. has a market cap of $6.49 billion; its shares were traded at around $16.77 with a P/E ratio of 10.3 and P/S ratio of 2.6. Denbury Resources Inc. had an annual average earnings growth of 11.9% over the past 10 years. GuruFocus rated Denbury Resources Inc the business predictability rank of 3-star.

DNR recently announced adjusted net income of $127 million for the third quarter of 2012, or $0.33 per diluted share, on quarterly revenues of $595 million. This compares to $148 million of adjusted net income, or $0.37 per diluted share, on revenues of $572 million for the prior year third quarter, and $138 million of adjusted net income, or $0.35 per diluted share, on revenues of $597 million for the second quarter of 2012.

George Soros bought 4,261,253 shares in the quarter that ended on 09/30/2012, which is 1.1% of the $6.2 billion portfolio of Soros Fund Management LLC. Leon Cooperman owns 2,709,327 shares as of 09/30/2012, an increase of 39.04% from the previous quarter. This position accounts for 0.88% of the $4.99 billion portfolio of Omega Advisors. Ray Dalio sold out his holdings in the quarter that ended on 09/30/2012.

Senior Vice President and CFO Mark C. Allen bought 1,149 shares of DNR stock on 12/31/2012 at the average price of $16.12. Mark C. Allen owns at least 520,091 shares after this. The price of the stock has increased by 4.03% since. There are mixed trades from other insiders.

Rick's Cabaret International Inc. (RICK, Financial): President and CEO Eric Scott Langan Bought 2,203 Shares

President and CEO of Rick's Cabaret International Inc. (RICK) Eric Scott Langan bought 2,203 shares on 12/31/2012 at an average price of $8.3. Rick's Cabaret International Inc. was incorporated in the State of Texas in 1994. Rick's Cabaret International Inc. has a market cap of $79.54 million; its shares were traded at around $8.3 with a P/E ratio of 7.8 and P/S ratio of 0.9. Rick's Cabaret International Inc. had an annual average earnings growth of 21.2% over the past 10 years. GuruFocus rated Rick's Cabaret International Inc. the business predictability rank of 2.5-star.

RICK recently reported consolidated total revenues of $23.9 million for its third quarter ended June 30, 2012, an increase of 15 percent compared with the $20.8 million reported for the period in 2011.

CFO Phillip Kent Marshall bought 360 shares of RICK stock on 11/13/2012 at the average price of $7.94. Phillip Kent Marshall owns at least 8,995 shares after this. The price of the stock has increased by 4.53% since.

Perfumania Holdings Inc. (PERF, Financial): President and CEO Michael W. Katz Bought 1,527 Shares

President and CEO of Perfumania Holdings Inc. (PERF) Michael W. Katz bought 1,527 shares on 12/31/2012 at an average price of $5.43. Perfumania Holdings Inc. operates as a wholesaler, retailer and manufacturer of designer fragrances through wholly owned subsidiaries, including Quality King Fragrance, Scents of Worth, Five Star Fragrance, and Jacavi. Perfumania Holdings Inc. has a market cap of $83.2292 million; its shares were traded at around $5.43 with and P/S ratio of 0.2. Perfumania Holdings Inc. had an annual average earnings growth of 1.6% over the past 10 years.

For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.