Weekly CEO Buys Highlight: Prospect Capital, Sears Holdings, Calamos Asset Management, Opko Health, FS Investment

According to GuruFocus Insider Data, these are the largest CEO buys in the past week

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Dec 28, 2015
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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:

Prospect Capital: CEO John F. Barry bought 2,805,500 shares

Prospect Capital Corp. (PSEC, Financial) CEO John F. Barry bought 2,805,500 shares during the past week at an average price of $7.29. Prospect Capital was incorporated on April 13, 2004 in Maryland. Prospect Capital has a market cap of $2.59 billion; its shares were traded at around $7.29 with a P/E ratio of 9.00 and P/S ratio of 3.31. The dividend yield of Prospect Capital stocks is 14.47%. Prospect Capital had an annual average earnings growth of 7.00% over the past 10 years.

For the third quarter, PSEC reported net investment income of $91.2 million or 26 cents per weighted average share. For the second quarter, the company’s NII was $89.5 million or 25 cents per weighted average share. NII increased by $1.7 million on a dollars basis and increased by 1 cent on a per share basis, driven primarily by an increase in dividend income and a decrease in operating expenses.

Joel Greenblatt (Trades, Portfolio) bought 412,805 shares in the quarter that ended on Dec. 31, 2014, which is 0.091% of the $10.25 billion portfolio of Gotham Asset Management LLC. NWQ Managers (Trades, Portfolio) owned 456,046 shares as of Dec. 31, 2014, an increase of 28.83% from the previous quarter. This position accounts for 0.15% of the $6.49 billion portfolio of NWQ Investment Management Co. John Keeley (Trades, Portfolio) owned 512,690 shares as of Dec. 31, 2014, a decrease of 62.88% from the previous quarter. This position accounts for 0.28% of the $3.53 billion portfolio of Keeley Asset Management Corp. Third Avenue Management (Trades, Portfolio) owned 257,877 shares as of Dec. 31, 2014, a decrease of 65.11% from the previous quarter. This position accounts for 0.18% of the $3.67 billion portfolio of Third Avenue Management (Trades, Portfolio).

Executive Vice President - CFO Andrew Lampereur bought 20,000 shares of ATU stock on Dec. 22 at the average price of 23.12. Lampereur owns at least 357,939 shares now. The price of the stock has increased by 7.14% since.

Sears Holdings: CEO, 10% owner Edward S. Lampert bought 192,433 shares

CEO and 10% owner of Sears Holdings Corp. (SHLD, Financial) Edward S. Lampert bought 192,433 shares on Dec. 18 at an average price of $20.79. Sears Holdings was incorporated in Delaware on Nov. 23, 2004 in connection with the merger of Kmart and Sears on March 24, 2005. Sears Holdings has a market cap of $2.22 billion; its shares were traded at around $20.79 with a P/S ratio of 0.09.

Sears Holdings recently reported its third quarter financial results. Net loss attributable to Holdings' shareholders was $454 million ($4.26 loss per diluted share) for the third quarter of 2015 compared to a net loss attributable to Sears' shareholders of $548 million ($5.15 loss per diluted share) for the prior year third quarter.

Bruce Berkowitz (Trades, Portfolio) owned 26,545,273 shares as of Dec. 31, 2014, which accounts for 12% of the $3.47 billion portfolio of Fairholme Capital Management. Edward Lampert (Trades, Portfolio) owned 26,438,272 shares as of Dec. 31, 2014, which accounts for 39.4% of the $1.57 billion portfolio of RBS Partners LP. Steve Mandel (Trades, Portfolio) owned 2,163,100 shares as of Dec. 31, 2014, which accounts for 0.3% of the $23.74 billion portfolio of Lone Pine Capital.

Calamos Asset Management: Chairman, CEO and Global Co-CIO, 10% owner John P. Calamos Sr. bought 78,823 shares

Chairman, CEO and Global Co-CIO, 10% owner of Calamos Asset Management Inc. (CLMS, Financial) John P. Calamos Sr. bought 78,823 shares during the past week at an average price of $10.07. Calamos Asset Management is a Delaware corporation, incorporated on July 23, 2004. Calamos Asset Management has a market cap of $206.760 million; its shares were traded at around $10.07 with a P/E ratio of 25.20 and P/S ratio of 0.79. The dividend yield of Calamos Asset Management stocks is 5.96%.

Mario Gabelli (Trades, Portfolio) owns 161,000 shares as of Dec. 31, 2014, which accounts for 0.011% of the $15.22 billion portfolio of GAMCO Investors.

SVP and CFO Nimish S. Bhatt bought 763 shares of Calamos stock on Nov. 24 at the average price of 9.38. Nimish S. Bhatt owns at least 108,847 shares now. The price of the stock has increased by 7.36% since.

Opko Health: CEO and Chairman, 10% owner Phillip Frost MD Et Al bought 59,800 shares

CEO and Chairman, 10% owner of Opko Health Inc. (OPK, Financial) Phillip Frost MD Et Al bought 59,800 shares during the past week at an average price of $10.18. Opko Health was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics Inc. Opko Health has a market cap of $5.55 billion; its shares were traded at around $10.18 with a P/S ratio of 20.36. Opko Health had an annual average earnings growth of 9.50% over the past 10 years.

Opko Health recently reported its third quarter financial results. Consolidated revenue increased to $143.0 million from $19.8 million for the three months ended Sept. 30 and increased to $215.5 million from $65.6 million for the nine months ended Sept. 30.

George Soros (Trades, Portfolio) owned 235,600 shares as of Dec. 31, 2014, which accounts for 0.026% of the $5.84 billion portfolio of Soros Fund Management LLC. Mario Gabelli (Trades, Portfolio) owned 11,000 shares as of Dec. 31, 2014, which accounts for 0.0006% of the $15.22 billion portfolio of GAMCO Investors.

Sr. Vice President, CFO Adam Logal bought 1,000 shares of Opko stock on Sept. 14 at the average price of 9.95. Adam Logal owns at least 45,789 shares after this. The price of the stock has increased by 2.31% since.

FS Investment Corp.: CEO Michael C. Forman bought 64,816 shares

CEO of FS Investment Corp. (FSIC, Financial) Michael C. Forman bought 64,816 shares during the past week at an average price of $9.30. FS Investment Corp. was incorporated under the general corporation laws of Maryland on Dec. 21, 2007, and commenced operations on Jan. 2, 2009. FS Investment Corp. has a market cap of $2.26 billion; its shares were traded at around $9.30 with a P/E ratio of 21.20 and P/S ratio of 5.64. The dividend yield of FS Investment Corp. stocks is 9.58%.

CFO William Balke Goebel bought 2,500 shares of FSIC stock on Nov. 11 at the average price of $9.62. William Balke Goebel owns at least 5,000 shares now. The price of the stock has decreased by 3.33% since.