Weekly CEO Buys Highlights

Insiders purchase Aramark, Allergan, Brixmor, New Media, Pennant

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Nov 29, 2016
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According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:

Aramark CEO bought 87,566 shares

Aramark (ARMK, Financial) Chairman, President and CEO Eric J. Foss bought 87,566 shares for $34.50 per share on Nov. 21. The stock price has increased by 1.42% since.

Aramark provides food, facilities and uniform services to education, health care, business and industry, sports, leisure and corrections clients. The company has a market cap of $8.56 billion. As of Nov. 28 its shares traded for $34.99 with a P/E ratio of 30.16.

Adjusted net income for the fourth quarter was $122 million versus adjusted net income of $109 million in the fourth quarter of 2015.

Director Stephen I. Sadove bought 7,500 shares of Aramark for $33.53 per share on Nov. 17. The stock price has increased by 4.35% since.

Allergan CEO bought 5,250 shares

Allergan PLC (AGN, Financial) CEO and President Brent L. Saunders bought 5,250 shares for $189.13 per share on Nov. 21. The stock price has increased by 0.45% since.

Allergan is a specialty pharmaceutical company. It is engaged in developing, manufacturing and distributing generic, brand and biosimilar products. The company has a market cap of $71.26 billion. As of Nov. 28 its shares traded for $189.99 with a P/E ratio of 5.33.

Total net revenues for the third quarter were $3.6 billion, a 4% increase versus the prior-year quarter.

Chief Financial Officer (CFO) Maria Teresa Hilado bought 1,422 shares of Allergan on Nov. 11 for $210.64 per share. The stock price has decreased by 9.8% since.

Brixmor Property Group CEO bought 10,000 shares

Brixmor Property Group Inc. (BRX, Financial) President and CEO James M. Taylor Jr. bought 10,000 shares for $23.82 per share on Nov. 21. The stock price has increased by 4.28% since.

Brixmor is an internally managed REIT. It owns and operates a wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the U.S. The company has a market cap of $7.61 billion. As of Nov. 28 its shares traded for $24.84 with a P/E ratio of 31.36.

For the three months ended Sept. 30 in 2016 and 2015, net income attributable to common stockholders was $57.5 million and $53.8 million.

Director John Schreiber bought 10,000 shares of Brixmor stock for $23.7 per share on Nov. 18. The stock price has increased by 4.81% since.

New Media Investment Group CEO bought 10,000 shares

New Media Investment Group Inc. (NEWM, Financial) CEO Michael Reed bought 10,000 shares for $16 per share on Nov. 23. The stock price has decreased by 2.19% since.

New Media is a print and online media company that owns, operates and invests in high quality local media assets. Its products include 452 community print publications, 379 websites, 360 mobile sites and six yellow page directories. The company has a market cap of $814.45 million. As of Nov. 28 its shares traded for $15.65 with a P/E ratio of 9.55.

Net income for the third quarter was $2.8 million.

Reed bought 50,000 shares for $14.34 per share on Nov. 3. The stock price has increased by 9.14% since.

CFO and Chief Accounting Officer Gregory William Freiberg bought 85,000 shares of New Media for $15.01 per share on Nov. 7 and 10,000 shares for $16 per share on Nov. 23. The stock price has decreased by 2.19% since.

Pennant Park Investment CEO bought 20,000 shares

Pennant Park Investment Corp. (PNNT, Financial) Chairman and CEO / Investment Arthur H. Penn bought 20,000 shares for $7.16 per share on Nov. 25. The stock price has increased by 2.79% since.

Pennant is a close-end externally managed investment company. It generates current income and capital appreciation through debt and equity investments. The company has a market cap of $523.01 million. As of Nov. 28 its shares traded for $7.36 with a P/E ratio of -70.10.

Net assets for the fourth quarter were $643.4 million.

CFO and Treasurer Aviv Efrat bought 28,000 shares of Pennant for $7.08 per share on Nov. 23. The stock price has increased by 3.95% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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