Weekly CEO Buys Highlight: Tesla, Opko, MasTec, NSA Trust, Conifer Holdings

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Aug 24, 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:

Tesla Motors Inc.: CEO, 10% owner Elon Musk bought 82,645 shares

CEO, 10% owner of Tesla Motors Inc. (TSLA, Financial) Elon Musk bought 82,645 shares on 08/19/2015 at an average price of $230.77. Tesla was incorporated in the state of Delaware on July 1, 2003. Tesla has a market cap of $29.34 billion; its shares were traded at around $230.77 with and P/S ratio of 7.84.

Ron Baron (Trades, Portfolio) owns 1,151,237 shares as of 12/31/2014, an increase of 11.4% from the previous quarter. This position accounts for 1% of the $25.43 billion portfolio of Baron Funds.

CFO Deepak Ahuja sold 5,000 shares of TSLA stock on 08/18/2015 at the average price of 257.61. Deepak Ahuja owns at least 7,270 shares after this. The price of the stock has decreased by 10.42% since.

Opko Health Inc.: CEO and Chairman, 10% owner Phillip Frost, MD et al bought 544,000 shares

CEO and Chairman, 10% owner of Opko Health Inc. (OPK, Financial) Phillip Frost bought 544,000 shares on 08/20/2015 at an average price of $12.00. Opko Health was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics, Inc. Opko Health has a market cap of $5.56 billion; its shares were traded at around $12.00 with and P/S ratio of 44.44. Opko Health had an annual average earnings growth of 9.00% over the past 10 years.

Opko Health recently reported its second quarter 2014 financial results. Cash, cash equivalents and marketable securities were $221.2 million as of June 30. Consolidated revenues increased to $42.4 and $72.5 million during the three and six months ended June 30, from $23.5 and $45.8 million in the comparable periods of 2014.

George Soros (Trades, Portfolio) owns 235,600 shares as of 12/31/2014, which accounts for 0.026% of the $9.64 billion portfolio of Soros Fund Management LLC. Mario Gabelli (Trades, Portfolio) owns 11,000 shares as of 12/31/2014, which accounts for 0.0006% of the $18.46 billion portfolio of GAMCO Investors.

Sr. Vice President, CFO Adam Logal sold 41,488 shares of OPK stock on 03/13/2015 at the average price of 14.64. Adam Logal owns at least 44,789 shares after this. The price of the stock has decreased by 18.03% since.

MasTec Inc.: CEO Jose Ramon Mas bought 397,647 shares

CEO of MasTec Inc. (MTZ, Financial) Jose Ramon Mas bought 397,647 shares on 08/20/2015 at an average price of $15.41. MasTec is a Florida corporation. The company is an infrastructure construction company operating throughout North America across a range of industries. Mastec has a market cap of $1.23 billion; its shares were traded at around $15.41 with a P/E ratio of 23.20 and P/S ratio of 0.28. Mastec Inc had an annual average earnings growth of 26.20% over the past 10 years. GuruFocus rated Mastec Inc the business predictability rank of 3-star.

Director James William Collins, bought 200,002 shares of MTZ stock on 08/20/2015 at the average price of 0.04. James William Collins, owns at least 40,957,168 shares after this.

National Storage Affiliates Trust: CEO, 10% owner Arlen Dale Nordhagen bought 236,000 shares

CEO, 10% owner of National Storage Affiliates Trust (NSA, Financial) Arlen Dale Nordhagen bought 236,000 shares during the past week at an average price of $12.64. National Storage Affiliates Trust was organized in the state of Maryland on May 16, 2013 and is a fully integrated, self-administered and self-managed real estate investment trust focused on the self-storage sector. National Storage Affiliates Trust has a market cap of $290.938 million; its shares were traded at around $12.64 with a P/E ratio of 252.80 and P/S ratio of 9.58. The dividend yield of National Storage Affiliates Trust stocks is 1.19%.

NSA recently reported its second quarter 2015 financial results. Core funds from operations were $8.5 million, or $0.22 per share, for the second quarter of 2015, an increase of 10% per share compared to Core FFO of $2.3 million, or $0.20 per share, for the second quarter of 2014. Net operating income was $20.8 million for the second quarter of 2015, an increase of over 100% compared to NOI of $10.2 million for the second quarter of 2014.

CFO Tamara D. Fischer bought 2,500 shares of NSA stock on 08/17/2015 at the average price of 12.64. Fischer owns at least 19,500 shares after this. The price of the stock has decreased by 0% since.

Conifer Holdings Inc.: Chairman and CEO, 10% owner James G. Petcoff bought 199,693 shares

Chairman and CEO, 10% owner of Conifer Holdings Inc. (CNFR, Financial) James G. Petcoff bought 199,693 shares on 08/18/2015 at an average price of $10.42. Conifer Holdings Inc was incorporated on October 27, 2009. Conifer Holdings Inc has a market cap of $77.572 million; its shares were traded at around $10.42 with and P/S ratio of 0.82.

President Brian J. Roney bought 29,908 shares of CNFR stock on 08/18/2015 at the average price of 10.5. Roney owns at least 256,679 shares after this. The price of the stock has decreased by 0.76% since.