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Weekly CEO Buys Highlight: CLR, TRUE, ARP, MGLN, CLMS

May 26, 2014 | About:
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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:

Continental Resources Inc (CLR): CEO & Chairman, 10% Owner Harold Hamm Bought 42,300 Shares

CEO & Chairman, 10% Owner of Continental Resources Inc (CLR) Harold Hamm bought 42,300 shares on May 20 at an average price of $137.36. Continental Resources was originally formed in 1967. Continental Resources Inc has a market cap of $25.56 billion; its shares were traded at around $137.36 with a P/E ratio of 29.90 and P/S ratio of 6.83. Continental Resources Inc had an annual average earnings growth of 63.90% over the past 5 years.

CLR recently announced first quarter 2014 operating and financial results. Net income for the quarter ended March 31, 2014 was $226 million, or $1.22 per diluted share, compared with net income of $133 million, or $0.72 per diluted share, for fourth quarter 2013.

Mariko Gordon (Trades, Portfolio) bought 4,833 shares in the quarter that ended on 03/31/2014, which is 0.024% of the $2.52 billion portfolio of Daruma Capital Management. Ray Dalio (Trades, Portfolio) owns 33,300 shares as of 03/31/2014, which accounts for 0.034% of the $12.22 billion portfolio of Bridgewater Associates.

Sr. VP & CFO John D Hart sold 500 shares of CLR stock on 12/20/2013 at the average price of 112.26. John D Hart owns at least 91,918 shares after this. The price of the stock has increased by 22.36% since.

TrueCar Inc (TRUE): CEO & Chairman of the Board, 10% Owner Scott Painter Bought 166,600 Shares

CEO & Chairman of the Board, 10% Owner of TrueCar Inc (TRUE) Scott Painter bought 166,600 shares on 05/21/2014 at an average price of $9.22. Truecar Inc has a market cap of $654.973 million; its shares were traded at around $9.22 with and P/S ratio of 3.55.

Chief Legal & Compliance Offcr Troy Foster bought 250 shares of TRUE stock on 05/21/2014 at the average price of 9.51. Troy Foster owns at least 250 shares after this. The price of the stock has decreased by 3.05% since.

Atlas Resource Partners LP (ARP): Chairman & CEO Edward E Cohen Bought 40,000 Shares

Chairman & CEO of Atlas Resource Partners LP (ARP) Edward E Cohen bought 40,000 shares on May 19 at an average price of $19.80. Atlas Resource Partners LP is a publicly-traded master-limited partnership and a developer and producer of natural gas, crude oil and natural gas liquids, with operations in basins across the United States. Atlas Resource Partners Lp has a market cap of $1.3 billion; its shares were traded at around $19.80 with and P/S ratio of 2.22. The dividend yield of Atlas Resource Partners Lp stocks is 11.41%.

Atlas Resource recently reported its first quarter 2014 financial results. First quarter 2014 Adjusted EBITDA, a non-GAAP measure, including discretionary adjustments by the Board of Directors of the General Partner, was $64.5 million, compared to $62.6 million for the fourth quarter 2013, and $31.4 million for the prior year comparable quarter.

Leon Cooperman (Trades, Portfolio) owns 5,230,194 shares as of March 31, which accounts for 1.4% of the $7.54 billion portfolio of Omega Advisors.

Vice Chairman Jonathan Z Cohen bought 20,000 shares of ARP stock on May 19 at the average price of 19.74. Jonathan Z Cohen owns at least 541,851 shares after this. The price of the stock has increased by 0.3% since.

Magellan Health Services Inc (MGLN): CEO Barry Smith Bought 10,000 Shares

CEO of Magellan Health Services Inc (MGLN) Barry M Smith bought 10,000 shares on May 19 at an average price of $60.49. Magellan Health Services, Inc., a Delaware corporation was incorporated in 1969. Magellan Health Services Inc has a market cap of $1.67 billion; its shares were traded at around $60.49 with a P/E ratio of 13.70 and P/S ratio of 0.46. Magellan Health Services Inc had an annual average earnings growth of 4.90% over the past 10 years.

David Dreman (Trades, Portfolio) bought 731 shares in the quarter that ended on 03/31/2014, which is 0.0033% of the $1.29 billion portfolio of Dreman Value Management. Joel Greenblatt (Trades, Portfolio) sold out his holdings in the quarter that ended on 03/31/2014.

Director Robert Leblanc bought 10,000 shares of MGLN stock on May 14 at the average price of 55.6. Robert Leblanc owns at least 29,939 shares after this. The price of the stock has increased by 8.79% since.

Calamos Asset Management Inc (CLMS): Chairman, CEO & Global Co-CIO, 10% Owner John Calamos Bought 42,924 Shares

Chairman, CEO & Global Co-CIO, 10% Owner of Calamos Asset Management Inc (CLMS) John P Sr Calamos bought 42,924 shares during the past week at an average price of $12.68. 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 $260.344 million; its shares were traded at around $12.68 with a P/E ratio of 14.40 and P/S ratio of 0.97. The dividend yield of Calamos Asset Management Inc stocks is 3.94%. Calamos Asset Management Inc had an annual average earnings growth of 26.70% over the past 10 years.

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 365 shares of CLMS stock on 05/20/2014 at the average price of 12.25. Nimish S Bhatt owns at least 98,834 shares after this. The price of the stock has increased by 3.51% since.


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