Weekly CEO Buys Highlight: OPK, PACB, CUBI, ARCP, RLYP

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Nov 25, 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:



Opko Health Inc. (OPK, Financial): CEO and Chairman, 10% Owner Phillip Frost Md Et Al Bought 99,800 Shares



CEO and Chairman, 10% Owner of Opko Health Inc. (OPK) Phillip Frost Md Et Al bought 99,800 shares during the past week at an average price of $10.00. Opko Health Inc. has a market cap of $4.08 billion; its shares were traded at around $10.00 with and P/S ratio of 34.48.

Opko recently reported its third quarter 2013 financial results. Cash, cash equivalents and marketable securities were $180.8 million as of Sept. 30, 2013.

George Soros bought 745,000 shares in the quarter that ended on 09/30/2013, which is 0.072% of the $9.14 billion portfolio of Soros Fund Management LLC. Mario Gabelli owns 15,000 shares as of 09/30/2013, which accounts for 0.0008% of the $17.03 billion portfolio of GAMCO Investors.

Pacific Biosciences of California Inc. (PACB, Financial): Chairman, CEO and President Michael Hunkapiller Bought 200,000 Shares

Chairman, CEO and President of Pacific Biosciences of California Inc. (PACB) Michael Hunkapiller bought 200,000 shares on 11/21/2013 at an average price of $3.93. Pacific Biosciences of California Inc. has a market cap of $259.978 million; its shares were traded at around $3.93 with and P/S ratio of 9.59.

Lee Ainslie owns 5,814,719 shares as of 09/30/2013, an increase of 64.63% from the previous quarter. This position accounts for 0.43% of the $7.38 billion portfolio of Maverick Capital.

Customers Bancorp Inc. (CUBI, Financial): Chairman and CEO Jay S. Sidhu Bought 25,800 Shares



Chairman and CEO of Customers Bancorp Inc (CUBI) Jay S. Sidhu bought 25,800 shares on 11/18/2013 at an average price of $16.60. Customers Bancorp Inc has a market cap of $409.672 million; its shares were traded at around $16.60 with a P/E ratio of 11.10 and P/S ratio of 2.91.

CUBI recently announced its third quarter 2013 results. The company reported earnings of $8.3 million for the third quarter of 2013 compared to earnings of $6.6 million for the third quarter of 2012, an increase of 24.6%.

CFO&Executive Vice President Robert E. Wahlman bought 30,000 shares of CUBI stock on 11/19/2013 at the average price of $16.74. Robert E. Wahlman owns at least 30,000 shares after this. The price of the stock has decreased by 0.84% since.

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

Chairman of the BoD and CEO of American Realty Capital Properties Inc. (ARCP) Nicholas S Schorsch bought 30,000 shares on 11/15/2013 at an average price of $13.02. American Realty Capital Properties Inc. has a market cap of $2.42 billion; its shares were traded at around $13.02. The dividend yield of American Realty Capital Properties Inc stocks is 6.91%.

For the quarter ended Sept. 30, 2013, revenues of $60.9 million were reported, a record amount for the company, compared to $45.0 million in the second quarter of 2013, or a quarter-to-quarter increase of over 35%. Adjusted funds from operations totaled $46.7 million for the third quarter of 2013, compared to $32.8 million generated in the second quarter, respectively, or a quarter to quarter increase of over 42%.

EVP and CFO Brian S. Block bought 25,000 shares of ARCP stock on 08/09/2013 at the average price of $13.73. Brian S. Block owns at least 90,049 shares after this. The price of the stock has decreased by 5.17% since.

Relypsa Inc. (RLYP, Financial): President and CEO John A. Orwin Bought 15,000 Shares



President and CEO of Relypsa Inc. (RLYP) John A. Orwin bought 15,000 shares on 11/20/2013 at an average price of $13.30. Relypsa Inc. has a market cap of $381.242 million; its shares were traded at around $13.30.

Director, 10% Owner Jonathan Silverstein bought 712,192 shares of RLYP stock on 11/20/2013 at the average price of $11. Jonathan Silverstein owns at least 9,941,551 shares after this. The price of the stock has increased by 20.91% since.