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Weekly CEO Buys Highlight: MOSY, PMT, APA, CUBI, OFIX

May 26, 2013 | About:
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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:



MoSys, Inc. (NASDAQ:MOSY): President and CEO Leonard Charles Perham Bought 250,000 SharesPresident and CEO of MoSys, Inc. (NASDAQ:MOSY) Leonard Charles Perham bought 250,000 shares on May 17, 2013 at an average price of $4.24. MoSys, Inc. was incorporated in California in September 1991, and reincorporated in September 2000 in Delaware. Mosys, Inc. has a market cap of $168.2 million; its shares were traded at around $4.24 with a P/E ratio of 17.60 and a P/S ratio of 30.29.

MoSys recently reported its first quarter 2013 financial results. Total net revenue for the first quarter of 2013 was $1.3 million, compared with $1.6 million reported in the fourth quarter of 2012 and $1.4 million in the first quarter of 2012.

PennyMac Mortgage Investment Trust (NYSE:PMT): Chairman and CEO Stanford L. Kurland Bought 44,000 Shares

Chairman and CEO of PennyMac Mortgage Investment Trust (NYSE:PMT) Stanford L. Kurland bought 44,000 shares during the past week at an average price of $23.15. PennyMac Mortgage Investment Trust was organized in Maryland on May 18, 2009. Pennymac Mortgage Investment Trust has a market cap of $1.36 billion; its shares were traded at around $23.15 with a P/E ratio of 6.89 and a P/S ratio of 2.92. The dividend yield of Pennymac Mortgage Investment Trust stocks is 9.76%.

NWQ Managers bought 240,042 shares in the quarter that ended on March 31, 2013, which is 0.051% of the $12.11 billion portfolio of NWQ Investment Management Co. John Burbank owns 2,045,880 shares as of March 31, 2013, an increase of 32.71% from the previous quarter. This position accounts for 2.1% of the $2.51 billion portfolio of Passport Capital.

Director, Senior Officer Susan Riddell Rose bought 10,000 shares of PMT stock on March 20, 2013 at the average price of $1.18. Susan Riddell Rose owns at least 1,232,194 shares after this.

Apache Corporation (NYSE:APA): Chairman and CEO G. Steven Farris Bought 10,000 Shares

Chairman and CEO of Apache Corporation (NYSE:APA) G. Steven Farris bought 10,000 shares on May 20, 2013 at an average price of $81.66. Apache Corporation is a Delaware corporation, which was formed in 1954. Apache Corporation has a market cap of $32.07 billion; its shares were traded at around $81.66 with a P/E ratio of 17.39 and a P/S ratio of 1.95. The dividend yield of Apache Corporation stocks is 0.87%. Apache Corporation had an annual average earnings growth of 11.7% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.

Apache recently reported first quarter earnings of $698 million, or $1.76 per diluted common share, and adjusted earnings, which exclude certain items that impact the comparability of operating results, of $806 million or $2.02 per share.

T. Boone Pickens bought 124,829 shares in the quarter that ended on March 31, 2013, which is 9.5% of the $101 million portfolio of BP Capital. Third Avenue Management bought 417,885 shares in the quarter that ended on March 31, 2013, which is 0.62% of the $5.2 billion portfolio of Third Avenue Management.

Director George D. Lawrence bought 3,000 shares of APA stock on April 1, 2013 at the average price of $76.00. George D. Lawrence owns at least 37,453 shares after this. The price of the stock has increased by 7.45% since.

Customers Bancorp Inc. (NYSE:CUBI): Chairman and CEO Jay S. Sidhu Bought 14,925 Shares

Chairman and CEO of Customers Bancorp Inc. (NYSE:CUBI) Jay S. Sidhu bought 14,925 shares on May 21, 2013 at an average price of $17.25. Customers Bancorp Inc. has a market cap of $305 million; its shares were traded at around $17.25 with a P/E ratio of 9.23 and a P/S ratio of 2.25.

Customers Bancorp recently provided an update to investors for its expected 2013 financial results. The company expects a pretax net income of $45 million to $47 million and an after-tax net income of $28 million to $30 million in 2013.

CFO and Executive Vice President James D. Hogan bought 4,925 shares of CUBI stock on May 21, 2013 at the average price of $16.75. James D. Hogan owns at least 4,925 shares after this. The price of the stock has increased by 2.99% since.



Orthofix International N.V. (NASDAQ:OFIX): President and CEO Brad Mason Bought 5,000 Shares


President and CEO of Orthofix International N.V. (NASDAQ:OFIX) Brad Mason bought 5,000 shares on May 17, 2013 at an average price of $26.52. Orthofix International N.V. is a limited liability company operating under the laws of Curacao. Orthofix International N.V. has a market cap of $522.5 million; its shares were traded at around $26.52 with a P/E ratio of 11.11 and a P/S ratio of 1.16.

Orthofix recently reported its first quarter 2013 financial results. Net income from continuing operations was $4.9 million, or $0.25 per diluted share compared to $0.64 per diluted share in the prior year. Adjusted net income from continuing operations was $4.6 million, or $0.23 per diluted share, decreasing 66% from $0.69 per diluted share from the first quarter of the prior year.

David Dreman bought 305,324 shares in the quarter that ended on March 31, 2013, which is 0.29% of the $3.79 billion portfolio of Dreman Value Management. Mario Gabelli owns 87,975 shares as of March 31, 2013, which accounts for 0.02% of the $15.63 billion portfolio of GAMCO Investors.

CFO Emily Buxton bought 750 shares of OFIX stock on May 20, 2013 at the average price of $26.52. Emily Buxton owns at least 6,039 shares after this. The price of the stock has decreased by 0% since the trade. Other insiders have also increased their positions in the company.
  • 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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