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Weekly CEO Buys Highlight: OPK, CLMS

January 13, 2014 | About:

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): CEO and Chairman, 10% Owner Phillip Frost Md Et Al Bought 87,100 Shares

CEO and Chairman, 10% Owner of Opko Health Inc. (OPK) Phillip Frost Md Et Al bought 87,100 shares during the past week at an average price of $8.62. 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 $3.52 billion; its shares were traded at around $8.62 with and P/S ratio of 30.49.

OPK recently reported its third quarter 2013 financial results. Cash, cash equivalents and marketable securities were $180.8 million as of Sept. 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 (Trades, Portfolio) 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 (Trades, Portfolio) owns 15,000 shares as of 09/30/2013, which accounts for 0.0008% of the $17.03 billion portfolio of GAMCO Investors.

Director John A. Paganelli bought 10,000 shares of OPK stock on 01/07/2014 at the average price of 8.45. John A Paganelli owns at least 225,399 shares after this. The price of the stock has increased by 2.01% since.

Calamos Asset Management Inc. (CLMS): Chairman, CEO and Global Co-CIO, 10% Owner John P. Calamos Sr. Bought 12,187 Shares

Chairman, CEO and Global Co-CIO, 10% Owner of Calamos Asset Management Inc. (CLMS) John P. Calamos Sr. bought 12,187 shares on 01/08/2014 at an average price of $11.69. 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 $240.004 million; its shares were traded at around $11.69 with a P/E ratio of 19.40 and P/S ratio of 0.86. The dividend yield of Calamos Asset Management Inc. stocks is 4.28%.

Calamos 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 (Trades, Portfolio) 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 364 shares of CLMS stock on 11/20/2013 at the average price of $10.47. Nimish S Bhatt owns at least 90,543 shares after this. The price of the stock has increased by 11.65% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

About the author:

GuruFocus
Mariusz Skonieczny is the founder and president of Classic Value Investors, LLC, an investment management firms that builds and manages customized investment portfolios for its clients. He is the author of Why Are we So Clueless about the Stock Market? Learn How to Invest Your Money, How to Pick Stocks, and How to Make Money in the Stock Market. Email: mskonieczny [at] classicvalueinvestors [dot] com. Webpage: www.classicvalueinvestors.com

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