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Weekly CEO Buys Highlight: GEO, TRUE, BANC, AEGR, CLMS

June 02, 2014 | About:
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:

Geo Group Inc. (GEO): Chairman and CEO George C. Zoley Bought 100,000 Shares

Chairman and CEO of Geo Group Inc. (GEO) George C. Zoley bought 100,000 shares on 05/27/2014 at an average price of $34.01. 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 $2.47 billion; its shares were traded at around $34.01 with a P/E ratio of 20.30 and P/S ratio of 1.59. The dividend yield of GEO Group Inc. stocks is 6.44%. GEO Group Inc. had an annual average earnings growth of 11.40% over the past 10 years. GuruFocus rated GEO Group Inc. the business predictability rank of 2.5-star.

GEO recently reported its first quarter 2014 financial results. For the first quarter 2014, Normalized Funds from Operations increased to $41.4 million, or $0.58 per diluted share, from $39.2 million, or $0.55 per diluted share, for the first quarter 2013.

Hotchkis & Wiley owns 1,853,124 shares as of 03/31/2014, an increase of 38.57% from the previous quarter. This position accounts for 0.22% of the $26.95 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 4.94% since.

TrueCar Inc. (TRUE): CEO and Chairman of the Board, 10% Owner Scott Painter Bought 100,000 Shares

CEO & Chairman of the Board, 10% Owner of TrueCar Inc. (TRUE) Scott Painter bought 100,000 shares on 05/29/2014 at an average price of $10.96. TrueCar Inc. has a market cap of $778.579 million; its shares were traded at around $10.96 with and P/S ratio of 4.22.

President John Krafcik bought 9,041 shares of TRUE stock on 05/30/2014 at the average price of 10.89. John Krafcik owns at least 70,594 shares after this. The price of the stock has increased by 0.64% since.

Banc of California Inc. (BANC): CEO AND Chairman of the Board Steven Sugarman Bought 35,000 Shares

CEO and Chairman of the Board of Banc of California Inc. (BANC) Steven Sugarman bought 35,000 shares on 05/23/2014 at an average price of $10.90. Banc of California Inc. was incorporated under Maryland law in March 2002. Banc of California Inc. has a market cap of $223.135 million; its shares were traded at around $10.90 with and P/S ratio of 0.78. The dividend yield of Banc of California Inc. stocks is 4.40%.

Chief Administrative Officer Richard Herrin sold 3,816 shares of BANC stock on 12/20/2013 at the average price of $13.69. Richard Herrin owns at least 12,786 shares after this. The price of the stock has decreased by 20.38% since.

Aegerion Pharmaceuticals Inc. (AEGR): CEO Marc D. Beer Bought 10,000 Shares

CEO of Aegerion Pharmaceuticals Inc. (AEGR) Marc D. Beer bought 10,000 shares on 05/27/2014 at an average price of $32.85. Aegerion Pharmaceuticals Inc. is a biopharmaceutical company. Aegerion Pharmaceuticals Inc. has a market cap of $968.515 million; its shares were traded at around $32.85 with and P/S ratio of 12.88.

AEGR recently reported its first quarter 2014 financial results. Net product sales for the first-quarter ended March 31, 2014 were $27.0 million, compared with $1.2 million in the first-quarter ended March 31, 2013. 96% of net product sales in the first quarter of 2014 were from the United States business, while 4% came from ex-U.S. countries.

Michael Price (Trades, Portfolio) bought 200,000 shares in the quarter that ended on 03/31/2014, which is 1.1% of the $821 million portfolio of MFP Investors LLC. Andreas Halvorsen (Trades, Portfolio) sold out his holdings in the quarter that ended on 03/31/2014.

CFO Mark J. Fitzpatrick sold 7,500 shares of AEGR stock on 02/10/2014 at the average price of $62.61. Mark J. Fitzpatrick owns at least 5,850 shares after this. The price of the stock has decreased by 47.53% since.

Calamos Asset Management Inc. (CLMS): Chairman, CEO and Global Co-CIO, 10% Owner John P. Calamos Sr. Bought 24,397 Shares

Chairman, CEO and Global Co-CIO, 10% Owner of Calamos Asset Management Inc. (CLMS) John P. Calamos Sr. bought 24,397 shares on 05/30/2014 at an average price of $12.45. 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 $255.622 million; its shares were traded at around $12.45 with a P/E ratio of 14.10 and P/S ratio of 0.95. The dividend yield of Calamos Asset Management Inc. stocks is 4.02%. 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 1.63% since.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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