Weekly CEO Buys Highlights

Insiders invest in Skechers, Pennant, Black Stone, OPKO, Chesapeake

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Dec 06, 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:

Skechers USA CEO bought 500,000 shares

Skechers USA Inc. (SKX, Financial) CEO and 10% owner Robert Greenberg bought 500,000 shares for $21.96 on Nov. 29. The stock price has increased by 19.13% since.

Skechers designs and markets Skechers-branded lifestyle footwear for men, women and children and performance footwear for men and women under the Skechers GO brand name. The company has a market cap of $4.13 billion. Its shares traded for $26.16 per share as of Dec. 2Â with a price-earnings (P/E) ratio of 15.2.

Quarterly net sales rose 10.1% to $942.4 million compared to third quarter 2015.

Director Thomas Walsh sold 1,500 shares of Skechers stock for $22.64 per share on Nov. 23. The stock price has increased by 15.55% since.

Pennant Park Investment CEO bought 50,000 shares

Pennant Park Investment Corp. (PNNT, Financial) Chairman and CEO/Investment Arthur H. Penn bought 50,000 shares during the past week. The stock price has increased by 2.05% 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 $531.53 million. As of Dec. 2 its shares traded for $7.36 with a P/E ratio of -71.24.

Net assets for the fourth quarter were $643.4 million.

Penn bought 20,000 shares for $7.16 per share on Nov. 25; 10,000 shares for $7.38 per share on Nov. 28; and 10,000 shares for $7.44 per share on Nov. 29. Penn bought another 10,000 shares for $7.52 per share on Dec 1. The stock price has decreased by 0.53% since.

CFO and Treasurer Aviv Efrat bought 28,000 shares for $7.08 per share on Nov. 23. The stock price has increased by 5.65% since.

Black Stone Minerals CEO bought 13,000 shares

Black Stone Minerals LP (BSM, Financial) President, CEO and Chairman Thomas L. Carter Jr. bought 13,000 shares for $18.93 per share on Nov. 28. The stock price has increased by 0.21% since.

Black Stone is the owner of oil and natural gas mineral interests in the U.S. The company also owns nonoperated working interests in certain oil and natural gas properties. Black Stone has a market cap of $3.62 billion. Its shares traded at $18.97 with a P/E ratio of -127.32Â as of Dec. 2.

Black Stone reported oil and gas revenues of $81.8 million for the third quarter, an increase of 7% from $76.3 million for the third quarter of 2015.

Carter bought 10,800 shares for $17.83 per share on Nov. 14 and 14,000 shares for $17.94 per share on Nov. 16. Carter also bought 3,000 shares for $18.21 per share on Nov. 17. The price of the stock has increased by 4.17% since.

OPKO Health CEO bought 11,200 shares

OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 11,200 shares during the past week. The stock price has decreased by 0.57% since.

OPKO is a biopharmaceutical and diagnostics company. It is engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $5.8 billion. Its shares traded at $10.40 per share as of Dec. 2Â with a P/E ratio of -557.78.

Consolidated revenues for the three months ended Sept. 30 increased to $298.0 million from $143.0 million for the comparable period 2015.

Frost bought 5,400 shares for $10.28 per share on Nov. 22; 4,300 shares for $10.09 per share on Nov. 23; 5,600 shares for $10.61 per share on Nov. 28; and 1,800 shares for $10.4 per share on Nov. 30. Frost bought 3,800 shares for $10.27 per share on Dec. 1. The stock price has increased by 1.27% since.

Chesapeake Lodging Trust CEO bought 2,500 shares

Chesapeake Lodging Trust (CHSP, Financial) President and CEO James L. Francis bought 2,500 shares for $23.26 per share on Nov. 28. The stock price has increased by 2.54% since.

Chesapeake is a self-advised real estate investment trust. It invests in upper-upscale hotels through business and convention markets and select-service hotels in urban settings in the U.S. The company has a market cap of $1.4 billion. Its shares traded for $23.85 per share as of Dec. 2 with a P/E ratio of 20.28.

Total revenue for the three months ended Sept. 30 were $164.5 million compared to $165.0 million from the quarter year prior.

Francis bought 5,000 shares for $22.79 per share on Nov. 15. The stock price has increased by 4.65% since.

Director George F. McKenzie bought 1,500 shares for $22.84 per share on Nov. 18. The stock price has increased by 4.42% 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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