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Weekly CEO Buys Highlight: OPK, CLMS

January 13, 2014 | About:
guruyt

GuruFocus

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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:

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.


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