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Monica Wolfe
Monica Wolfe
Articles (757) 

ExamWorks Reports Insider Buys

March 05, 2013 | About:

The CEO of ExamWorks Group Inc. (NYSE:EXAM) James K. Price bought 14,500 shares of EXAM on Friday, March 1, 2013. The average price of each share was $13.97 for a total transaction amount of 202,565. Mr. Price owns at least 1,240,765 shares after this buy. Since this purchase the price of stock has increased by 4.08%.

Prior to this purchase Price bought 18,000 shares of EXAM on Nov. 14, 2012. Price has seen this stock value increase 26.32%.

Market capitalized at $516.7 million, ExamWorks Group Inc. is an independent medical services provider. Based out of Atlanta, Ga., the company also maintains local offices throughout the U.S., UK and Australia.

James Price has been the CEO of ExamWorks since August 2010 and has served on the board of directors since 2008. Price is also currently serving on the board of directors at Kronos Advanced Technologies Inc. He also co-founded AMICAS Inc. (formerly VitalWorks Inc.) and International Computer Solutions. Price received his B.A. in marketing from the University of Georgia.

In the past 12 months there have been 16 insider purchases and no insider sells. Most recently, Executive Chairman Richard Perlman purchased 14,500 shares at a price of $14.30. Jose Miguel Fernandez de Castro (CFO) and William Shutzer (Director) also made substantial buys in August and November 2012.

In late February, the company reported that revenues for the fourth quarter were $139.6 million demonstrating an increase of $24.3 million from the prior year. This increase in revenue was brought about by the company expanding to the UK and Australia.

“We are delighted with our financial and operating results, particularly the growth of our UK and Australian businesses, as well as the positive trends in our U.S. and Canadian businesses,” said Richard Perlman, ExamWorks executive chairman. “Our performance reflects the solid execution of our integration, multiple brand technology and geographic diversification strategies, which combined with our national account focus, will continue to drive increasing revenue and EBITDA growth in 2013 and beyond.”

EXAM is currently owned by Gurus Jim Simons who holds 57,400 shares and Steven Cohen who has 1,726 shares.

For more details on ExamWorks’ insider trades, visit James Price's Market Overview and Richard Perlman's Market Overview.

  • 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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