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Weekly CEO Buys Highlight: ARCP, CPE

April 14, 2013 | About:
GuruFocus

GuruFocus

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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:



American Realty Capital Properties Inc. (ARCP): Chairman of the Board of Directors and CEO Nicholas S. Schorsch Bought 30,000 Shares

Chairman of the Board of Directors and CEO of American Realty Capital Properties Inc. (ARCP), Nicholas S. Schorsch bought 30,000 shares on April 11, 2013 at an average price of $16.64. American Realty Capital Properties, Inc. was incorporated as a Maryland corporation on December 2, 2010 and intends to elect and qualify to be taxed as a REIT. American Realty Capital Properties Inc. has a market cap of $218.566 million; its shares were traded at around $16.64 with a P/S ratio of 9.0498. The dividend yield of American Realty Capital Properties Inc. stocks is 5.35%.

American Realty Capital Properties recently reported its fourth quarter 2012 financial results. The company announced revenues of $5.6 million, representing an increase of $0.8 million, or 15.8%, compared to the prior quarter.

Executive Vice President and CFO Brian S. Block bought 10,000 shares of ARCP stock on April 11, 2013 at the average price of $15.69. Brian S. Block owns at least 64,952 shares after this. The price of the stock has increased by 6.05% since.

Callon Petroleum Co. (CPE): Chairman, President, CEO Fred L. Callon Bought 14,286 Shares

Chairman, President, CEO of Callon Petroleum Co. (CPE) Fred L. Callon bought 14,286 shares on April 8, 2013 at an average price of $3.85. Callon Petroleum Company or Callon was incorporated under the laws of the state of Delaware in 1994 and succeeded to the business of a publicly traded limited partnership, a joint venture with a consortium of European investors and an independent energy company owned by a member of current management. Callon Petroleum Co. has a market cap of $153.5 million; its shares were traded at around $3.85 with a P/E ratio of 54.9451 and a P/S ratio of 1.38.

Callon Petroleum recently reported its fourth quarter 2012 financial results. The company announced revenues of $28.7 million. Fully diluted net loss was $(0.01) per share.

Executive Vice President and CFO B. F. Weatherly bought 11,019 shares of CPE stock on April 9, 2013 at the average price of $3.63. B. F. Weatherly owns at least 51,658 shares after this. The price of the stock has increased by 6.06% since. Other insiders have also increased their positions in the company.

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

  • 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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