Weekly CEO Buys Highlight: CLR, CLMS, OPK, PACB, GAIN

Author's Avatar
Dec 16, 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:



Continental Resources Inc. (CLR, Financial): CEO and Chairman, 10% Owner Harold Hamm Bought 41,000 Shares



CEO & Chairman, 10% Owner of Continental Resources Inc. (CLR) Harold Hamm bought 41,000 shares on 12/11/2013 at an average price of $105.67. Continental Resources Inc. was originally formed in 1967. Continental Resources Inc. has a market cap of $19.63 billion; its shares were traded at around $105.67 with a P/E ratio of 22.90 and P/S ratio of 5.87. Continental Resources Inc had an annual average earnings growth of 37.40% over the past five years.

Continental Resources recently reported its third quarter 2013 financial results. The company reported net income of $167 million, or $0.91 per diluted share. Adjusted net income totaled $297 million, or $1.61 per diluted share, an increase of $51 million compared to second quarter 2013.

Ken Heebner bought 40,000 shares in the quarter that ended on 09/30/2013, which is 0.12% of the $3.71 billion portfolio of Capital Growth Management LP. Mario Gabelli owns 18,145 shares as of 09/30/2013, an increase of 210.97% from the previous quarter. This position accounts for 0.011% of the $17.03 billion portfolio of GAMCO Investors. Meridian Funds owns 370,200 shares as of 06/30/2013, a decrease of 22.39% of from the previous quarter. This position accounts for 1.2% of the $2.68 billion portfolio of Meridian Fund.

Sr. VP and CFO John D. Hart sold 3,000 shares of CLR stock on 09/17/2013 at the average price of 101.04. John D. Hart owns at least 101,829 shares after this. The price of the stock has increased by 4.58% since.

President and COO Winston F. Bott bought 1,500 shares of CLR stock on 12/11/2013 at the average price of $101.28. Winston F. Bott owns at least 87,053 shares after this. The price of the stock has increased by 4.33% since.

Calamos Asset Management Inc. (CLMS, Financial): Chairman, CEO, Global Co-CIO, 10% Owner John P. Calamos Sr. Bought 129,341 Shares



Chairman, CEO, Global Co-CIO, 10% Owner of Calamos Asset Management Inc. (CLMS) John P. Calamos Sr. bought 129,341 shares during the past week at an average price of $11.01. Calamos Asset Management Inc., is a global asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. Calamos Asset Management Inc. has a market cap of $224.400 million; its shares were traded at around $11.01 with a P/E ratio of 18.40 and P/S ratio of 0.81. The dividend yield of Calamos Asset Management Inc. stocks is 4.57%.

CLMS recently reported its third quarter 2013 financial results. Non-GAAP diluted earnings per share was $0.20 for the third quarter compared to $0.22 in the previous quarter. Non-GAAP net income attributable to Calamos Asset Management, Inc. was $4.1 million for the quarter compared to $4.5 million last quarter.

Mario Gabelli owns 126,000 shares as of 09/30/2013, which accounts for 0.0074% of the $17.03 billion portfolio of GAMCO Investors.

SVP and CFO Nimish S Bhatt bought 373 shares of CLMS stock on 09/04/2013 at the average price of $10.11. Nimish S. Bhatt owns at least 90,179 shares after this. The price of the stock has increased by 8.9% since.

Opko Health Inc. (OPK, Financial): CEO and Chairman, 10% Owner Phillip Md Et Al Frost Bought 122,500 Shares



CEO and Chairman, 10% Owner of Opko Health Inc. (OPK) Phillip Frost Md Et Al bought 122,500 shares during the past week at an average price of $8.99. Opko Health Inc. was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics Inc. Opko Health Inc. has a market cap of $3.66 billion; its shares were traded at around $8.99 with and P/S ratio of 31.00.

Opko Health recently reported its financial results for the third quarter of 2013. The company announced that cash, cash equivalents and marketable securities were $180.8 million as of September 30, 2013. Consolidated revenues nearly doubled to $20.6 million during the three months ended September 30, 2013 from $11.8 million in the prior year period.

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 100,000 Shares

Chairman, CEO and President of Pacific Biosciences of California Inc. (PACB) Michael Hunkapiller bought 100,000 shares on 12/12/2013 at an average price of $4.86. Pacific Biosciences of California Inc. was incorporated in the State of Delaware in 2000. Pacific Biosciences of California Inc. has a market cap of $321.499 million; its shares were traded at around $4.86 with and P/S ratio of 11.85.

Pacific Biosciences of California Inc. recently reported its financial results for the third quarter of 2013. Total revenue for the third quarter of 2013 totaled $7.4 million, compared to $6.0 million for the second quarter of 2013. Gross profit during the third quarter was $1.2 million, resulting in a gross margin of 17%.

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.

Gladstone Investment Corporation (GAIN, Financial): CEO David Gladstone Bought 34,000 Shares

CEO of Gladstone Investment Corporation (GAIN) David Gladstone bought 34,000 shares during the past week at an average price of $7.71. Gladstone Investment Corporation was incorporated under the General Corporation Laws of the State of Delaware on Feb. 18, 2005. Gladstone Investment Corporation has a market cap of $202.541 million; its shares were traded at around $7.71 with a P/E ratio of 7.00 and P/S ratio of 5.59. The dividend yield of Gladstone Investment Corporation stocks is 8.24%. Gladstone Investment Corporation had an annual average earnings growth of 1.60% over the past five years.

CFO and Treasurer David Hibbert Watson bought 3,600 shares of GAIN stock on 11/11/2013 at the average price of $7.35. David Hibbert Watson owns at least 10,080 shares after this. The price of the stock has increased by 4.9% since.