Weekly CEO Buys Highlight: IBTX, INSM, GERN, INO, EQU

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Apr 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:



Independent Bank Group Inc. (IBTX, Financial): Chairman and CEO David R. Brooks Bought 4,192 Shares

Chairman and CEO of Independent Bank Group Inc. (IBTX) David R. Brooks bought 4,192 shares on April 3, 2013 at an average price of $28.6. Independent Bank Group Inc. has a market cap of $328.034 million; its shares were traded at around $28.6 with a P/E ratio of 12.8205 and a P/S ratio of 3.23.

Independent Bank Group recently announced net income for the fourth quarter of 2012 as $10 million, or $0.45 on a diluted earnings per share basis. Net income for the full year was $42.6 million, or $1.95 on a diluted earnings per share basis.

Director Michael T. Viola bought 19,231 shares of IBTX stock on April 3, 2013 at the average price of $26. Michael T. Viola owns at least 19,231 shares after this. The price of the stock has increased by 10% since. Other insiders have also increased their positions in the company.

Insmed, Inc. (INSM, Financial): President and CEO William Lewis Bought 9,816 Shares

President and CEO of Insmed, Inc. (INSM) William Lewis bought 9,816 shares on April 1, 2013 at an average price of $7.18. Insmed, Inc. is a development-stage biopharmaceutical company with a market cap of $226.624 million; its shares were traded at around $7.18. Insmed, Inc. had an annual average earnings growth of 2.4% over the past five years.

INSM recently reported its fourth quarter 2012 financial results. For the fourth quarter of 2012, Insmed posted a net loss attributable to common stockholders of $15.5 million, or $0.49 per share, compared with a net loss of $8.2 million, or $0.33 per share, for the fourth quarter of 2011.

Geron Corporation (GERN, Financial): President and CEO John A. Scarlett Bought 50,000 Shares

President and CEO of Geron Corporation (GERN) John A. Scarlett bought 50,000 shares on April 1, 2013 at an average price of $1.10. Geron Corporation was incorporated in Delaware on Nov. 28, 1990. Geron Corporation has a market cap of $143.632 million; its shares were traded at around $1.10.

Geron Corp. recently reported its fourth quarter 2012 financial results. Net loss for the fourth quarter of 2012 was $15.9 million or $0.12 per share, compared to $31.9 million or $0.25 per share, for the comparable 2011 period.

Jean-Marie Eveillard owns 1,760,934 shares as of Dec. 31, 2012, which accounts for 0.0088% of the $28.07 billion portfolio of First Eagle Investment Management, LLC.

Senior Vice President Alliance and Program Management Melissa Kelly Behrs sold 28,292 shares of GERN stock on Jan.17, 2013 at the average price of $1.65. The price of the stock has decreased by 33.33% since.

Inovio Biomedical Corp. (INO, Financial): CEO, 10% Owner Jong Joseph Kim Bought 90,000 Shares

CEO and 10% Owner of Inovio Biomedical Corp. (INO), Jong Joseph Kim, bought 90,000 shares on April 2, 2013 at an average price of $0.65. Inovio Biomedical Corporation was originally incorporated on June 29, 1983, under the laws of California as Biotechnologies & Experimental Research, Inc. Inovio Biomedical has a market cap of $93.559 million; its shares were traded at around $0.52 with a P/S ratio of 17.2414.

Director Angel Cabrera bought 40,000 shares of INO stock on March 22, 2013 at the average price of $0.54. Angel Cabrera owns at least 115,000 shares after this.

Equal Energy Ltd. (EQU, Financial): President and CEO Donald Charles Klapko Bought 5,584 Shares

President and CEO of Equal Energy Ltd. (EQU) Donald Charles Klapko bought 5,584 shares on April 2, 2013 at an average price of $3.77. Equal Energy was incorporated on April 8, 2010 under the ABCA and did not carry on any active business prior to the arrangement, other than executing the arrangement agreement pursuant to which the arrangement was implemented. Equal Energy Ltd. has a market cap of $134.072 million; its shares were traded at around $3.77 with a P/E ratio of 2.4178 and a P/S ratio of 2.0803. The dividend yield of Equal Energy Ltd. stocks is 1.33%.

Senior Vice President and CFO Wendell Percy Chapman bought 1,475 shares of EQU stock on April 2, 2013 at the average price of $3.88. Wendell Percy Chapman owns at least 172,805 shares after this. The price of the stock has decreased by 2.84% since. Other insiders have also increased their positions in the company.