Executive Vice President & CFO of Hornbeck Offshore Services, Inc. (HOS) James O Jr Harp sells 31,900 shares of HOS on 02/08/2013 at an average price of $43.83 a share.

Hornbeck Offshore Services, Inc. has a market cap of $1.54 billion; its shares were traded at around $43.39 with a P/E ratio of 37.6 and P/S ratio of 3. Hornbeck Offshore Services, Inc. had an annual average earning growth of 10.9% over the past 10 years.

CFO Recent Trades:

• Executive Vice President & CFO James O Jr Harp sold 31,900 shares of HOS stock on 02/08/2013 at the average price of 43.83. James O Jr Harp owns at least 214,530 shares after this. The price of the stock has decreased by 1% since.

This is the insider trade history vs. stock price of HOS. For the complete insider trading history of HOS, click here.

Directors and Officers Recent Trades:

• EVP, CIO, Chief Commercial Off John S Cook sold 4,000 shares of HOS stock on 02/08/2013 at the average price of 44. John S Cook owns at least 96,412 shares after this. The price of the stock has decreased by 1.39% since.
• Director Larry D Hornbeck sold 17,500 shares of HOS stock on 02/08/2013 at the average price of 45.06. Larry D Hornbeck owns at least 237,243 shares after this. The price of the stock has decreased by 3.71% since.
• Director Larry D Hornbeck sold 3,000 shares of HOS stock on 01/11/2013 at the average price of 37. Larry D Hornbeck owns at least 254,106 shares after this. The price of the stock has increased by 17.27% since.
• Director Larry D Hornbeck sold 1,700 shares of HOS stock on 12/28/2012 at the average price of 34.11. Larry D Hornbeck owns at least 227,106 shares after this. The price of the stock has increased by 27.21% since.
• Director Patricia B Melcher sold 567 shares of HOS stock on 12/10/2012 at the average price of 36.07. Patricia B Melcher owns at least 38,371 shares after this. The price of the stock has increased by 20.29% since.

For the complete insider trading history of HOS, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool