Weekly CEO Buys Highlight: HES, GDOT, BH, CUBI, OPK

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Feb 09, 2015

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:

Hess Corp (HES, Financial): CEO, 10% owner John B Hess bought 57,506 Shares

CEO and 10% owner of Hess Corp (HES, Financial) John B Hess bought 57,506 shares on Feb. 2, 2015 at an average price of $72.97. Hess Corp is a Delaware corporation, incorporated in 1920. Hess Corp has a market cap of $20.18 billion; its shares were traded at around $72.97 with a P/E ratio of 5.50 and P/S ratio of 0.98. The dividend yield of Hess Corp stocks is 1.37%. Hess Corp had an annual average earnings growth of 6.80% over the past 10 years.

Hess recently reported estimated results for the fourth quarter of 2014. The company announced that adjusted net income was $53 million, or 18 cents per share, compared to $319 million, or 96 cents per share, in the fourth quarter of 2013. Net loss was $8 million, compared to net income of $1.93 billion in the fourth quarter of 2013.

Joel Greenblatt (Trades, Portfolio) bought 12,591 shares in the quarter that ended on Sept. 30, 2014, which is 0.012% of the $10.05 billion portfolio of Gotham Asset Management, LLC. Brian Rogers (Trades, Portfolio) owns 5,250,000 shares as of Dec. 31, 2014, an increase of 31.25% from the previous quarter. This position accounts for 1.4% of the $27.81 billion portfolio of T Rowe Price Equity Income Fund.

Senior Vice President Brian D. Truelove sold 0 shares of HES stock on Dec. 2, 2014 at the average price of 0. Brian D. Truelove owns at least 15,001 shares after this.

Green Dot Corp (GDOT, Financial): Chairman, President and CEO, 10% owner Steven W Streit bought 206,800 shares

Chairman, President and CEO, 10% owner of Green Dot Corp (GDOT, Financial) Steven W Streit bought 206,800 shares on Feb. 3, 2015 at an average price of $15.36. Green Dot Corp was incorporated in Delaware in October 1999 as Next Estate Communications, Inc. Green Dot Corp has a market cap of $709.239 million; its shares were traded at around $15.36 with a P/E ratio of 15.90 and P/S ratio of 1.02. Green Dot Corp had an annual average earnings growth of 11.10% over the past 5 years.

Green Dot Corp. recently reported financial results for the fourth quarter ended December 31, 2014. For the fourth quarter of 2014, Green Dot reported growth of 6% year-over-year in non-GAAP total operating revenues1 to $153 million and adjusted EBITDA of $25.8 million, representing 47% year-over-year growth.

Joel Greenblatt (Trades, Portfolio) owns 12,961 shares as of Sept. 30, 2014, a decrease of 88.45% of from the previous quarter. This position accounts for 0.0027% of the $10.05 billion portfolio of Gotham Asset Management, LLC. Mario Cibelli (Trades, Portfolio) sold out his holdings in the quarter that ended on Sept. 30, 2014.

CFO Grace Wang sold 8,000 shares of GDOT stock on Nov. 20, 2014 at the average price of 22.42. Grace Wang owns at least 109,942 shares after this. The price of the stock has decreased by 31.49% since.

Biglari Holdings Inc (BH, Financial): Chairman and CEO, 10% owner Sardar Biglari, bought 2,566 shares

Chairman and CEO, 10% Owner of Biglari Holdings Inc (BH, Financial) Sardar Biglari, bought 2,566 shares on Feb. 3, 2015 at an average price of $415.74. Biglari Holdings Inc., is an Indiana corporation. It is a diversified holding company engaged in a number of diverse business activities. Biglari Holdings Inc has a market cap of $855.091 million; its shares were traded at around $415.74 with a P/E ratio of 24.60 and P/S ratio of 0.88. Biglari Holdings Inc had an annual average earnings growth of 9.20% over the past 10 years.

Mario Gabelli (Trades, Portfolio) owns 117,943 shares as of Sept. 30, 2014, an increase of 18.42% from the previous quarter. This position accounts for 0.22% of the $19.2 billion portfolio of GAMCO Investors.

Director Kenneth R Cooper bought 14 shares of BH stock on Dec. 15, 2014 at the average price of 360.34. Kenneth R Cooper owns at least 313 shares after this. The price of the stock has increased by 15.37% since.

Customers Bancorp Inc (CUBI, Financial): Chairman & CEO Jay S Sidhu bought 24,340 shares

Chairman & CEO of Customers Bancorp Inc (CUBI, Financial) Jay S Sidhu bought 24,340 shares on Feb. 2, 2015 at an average price of $21.71. Customers Bancorp Inc was incorporated in Pennsylvania in April 2010. Customers Bancorp Inc has a market cap of $525.343 million; its shares were traded at around $21.71 with a P/E ratio of 15.50 and P/S ratio of 3.74.

CUBI recently reported earnings of $43.2 million for the full year of 2014 compared to earnings of $32.7 million for 2013, an increase of $10.5 million, or 32.2%. Fully diluted earnings per share for 2014 was $1.55 compared to $1.30 fully diluted earnings per share for 2013, an increase of $0.25, or 19.2%.

Scott Black (Trades, Portfolio) bought 39,368 shares in the quarter that ended on Dec. 31, 2014, which is 0.11% of the $713 million portfolio of Delphi Management, Inc..

Opko Health Inc (OPK, Financial): CEO & Chairman, 10% owner Phillip Md Et Al Frost bought 25,000 shares

CEO & Chairman, 10% owner of Opko Health Inc (OPK, Financial) Phillip Md Et Al Frost bought 25,000 shares on Feb. 3, 2015 at an average price of $13.50. 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 $5.27 billion; its shares were traded at around $13.50 with and P/S ratio of 64.29. Opko Health Inc had an annual average earnings growth of 4.40% over the past 10 years.

Mario Gabelli (Trades, Portfolio) owns 11,000 shares as of Dec. 31, 2014, which accounts for 0.0006% of the $19.2 billion portfolio of GAMCO Investors. George Soros (Trades, Portfolio) owns 235,600 shares as of 09/30/2014, which accounts for 0.015% of the $13.4 billion portfolio of Soros Fund Management LLC.