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

May 26, 2013 | About:
hyperman299

GuruFocus

353 followers
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. (MOSY): President and CEO Leonard Charles Perham Bought 250,000 SharesPresident and CEO of MoSys, Inc. (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 (PMT): Chairman and CEO Stanford L. Kurland Bought 44,000 Shares

Chairman and CEO of PennyMac Mortgage Investment Trust (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 (APA): Chairman and CEO G. Steven Farris Bought 10,000 Shares

Chairman and CEO of Apache Corporation (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. (CUBI): Chairman and CEO Jay S. Sidhu Bought 14,925 Shares

Chairman and CEO of Customers Bancorp Inc. (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. (OFIX): President and CEO Brad Mason Bought 5,000 Shares


President and CEO of Orthofix International N.V. (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.

Rating: 2.0/5 (1 vote)

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