Weekly CEO Buys Highlight: NRZ, SONS, CLMS, GEO, OPK

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May 08, 2014

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:

New Residential Investment Corp (NRZ, Financial): CEO and President Michael Nierenberg Bought 1,000,000 Shares

CEO and President of New Residential Investment Corp (NRZ, Financial) Michael Nierenberg bought 1,000,000 shares on 04/30/2014 at an average price of $6.38. New Residential Investment Corp. is a real estate investment trust. New Residential Investment Corp has a market cap of $1.62 billion; its shares were traded at around $6.38 with a P/E ratio of 6.60. The dividend yield of New Residential Investment Corp stocks is 9.33%.

NRZ recently reported GAAP Income of $80.5 million, or $0.31 per diluted share, for the fourth quarter of 2013. The company reported GAAP Income since New Residential spun off from Newcastle Investment Corp. in May 2013 of $228.3 million, or $0.89 per diluted share.

Leon Cooperman (Trades, Portfolio) owns 7,755,999 shares as of 12/31/2013, an increase of 35.65% from the previous quarter. This position accounts for 0.73% of the $7.05 billion portfolio of Omega Advisors.

Sonus Networks Inc. (SONS, Financial): CEO and President Raymond P. Dolan Bought 1,000,000 Shares

CEO and President of Sonus Networks Inc. (SONS, Financial) Raymond P. Dolan bought 1,000,000 shares on 04/29/2014 at an average price of $3.22. Sonus Networks Inc. was incorporated in August 1997 as a Delaware corporation. Sonus Networks Inc. has a market cap of $797.863 million; its shares were traded at around $3.22 with and P/S ratio of 3.11.

Sonus Networks recently reported its first quarter 2014 financial results. GAAP loss per share was $0.01; non-GAAP diluted earnings per share was $0.01.

CFO Mark T. Greenquist bought 15,000 shares of SONS stock on 04/29/2014 at the average price of $2.95. Mark T. Greenquist owns at least 265,000 shares after this. The price of the stock has increased by 9.15% since.

Calamos Asset Management Inc. (CLMS, Financial): Chairman, CEO, Global Co-CIO, 10% Owner John P. Calamos Sr. Bought 178,398 Shares

Chairman, CEO, Global Co-CIO, 10% Owner of Calamos Asset Management Inc. (CLMS, Financial) John P. Calamos Sr. bought 178,398 shares during the past week at an average price of $12.30. 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 $252.542 million; its shares were traded at around $12.30 with a P/E ratio of 13.30 and P/S ratio of 0.93. The dividend yield of Calamos Asset Management Inc. stocks is 4.07%.

Mario Gabelli (Trades, Portfolio) owns 161,000 shares as of 03/31/2014, an increase of 27.78% from the previous quarter. This position accounts for 0.011% of the $18.53 billion portfolio of GAMCO Investors.

SVP and CFO Nimish S. Bhatt bought 337 shares of CLMS stock on 02/25/2014 at the average price of $11.45. Nimish S. Bhatt owns at least 88,689 shares after this. The price of the stock has increased by 7.42% since.

Geo Group Inc. (GEO, Financial): Chairman and CEO George C. Zoley Bought 46,901 Shares

Chairman and CEO of Geo Group Inc (GEO, Financial) George C. Zoley bought 46,901 shares on 05/02/2014 at an average price of $34.40. Geo Group Inc. was founded in 1984 as a division of The Wackenhut Corporation, or TWC, and was incorporated in the State of Florida in 1988. Geo Group Inc. has a market cap of $2.5 billion; its shares were traded at around $34.40 with a P/E ratio of 21.30 and P/S ratio of 1.60. The dividend yield of Geo Group In.c stocks is 6.16%. Geo Group Inc. had an annual average earnings growth of 11.30% over the past 10 years. GuruFocus rated Geo Group Inc. the business predictability rank of 2-star.

Geo Group recently reported its first quarter 2014 financial results. The company announced that its first quarter net income per diluted share was $0.39. Net operating income for the quarter of $107.5 million.

Hotchkis & Wiley owns 1,337,328 shares as of 12/31/2013, an increase of 57.65% from the previous quarter. This position accounts for 0.18% of the $23.43 billion portfolio of Hotchkis & Wiley Capital Management LLC.

SVP and CFO Brian Evans sold 2,102 shares of GEO stock on 03/03/2014 at the average price of $32.41. Brian Evans owns at least 35,361 shares after this. The price of the stock has increased by 6.14% since.

Opko Health Inc. (OPK, Financial): CEO and Chairman, 10% Owner Phillip Frost Md Et Al Bought 121,400 Shares

CEO & Chairman, 10% Owner of Opko Health Inc (OPK, Financial) Phillip Frost Md Et Al bought 121,400 shares during the past week at an average price of $8.23. 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 $3.4 billion; its shares were traded at around $8.23 with and P/S ratio of 30.30. Opko Health Inc. had an annual average earnings growth of 4.40% over the past 10 years.

George Soros (Trades, Portfolio) owns 844,600 shares as of 12/31/2013, an increase of 13.37% from the previous quarter. This position accounts for 0.061% of the $11.78 billion portfolio of Soros Fund Management LLC.

Vice Chairman and CTO Jane Hsiao Ph.D. bought 10,000 shares of OPK stock on 04/15/2014 at the average price of $8.03. Jane Hsiao Ph.D. owns at least 36,828,758 shares after this. The price of the stock has increased by 2.49% since.