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:
WildHorse Resource Development Corporation: CEO Jay Carlton Graham bought 500,000 shares
Graham bought 500,000 shares on Dec. 19 at a price of $15.00 per share. The price of the stock has decreased by 4% since.
WildHorse is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana. As of Dec. 23, its shares traded at $14.40.
The company announced the closing of its initial public offering of 27,500,000 shares of common stock at $15.00 per share on Dec. 19. The offering raised net proceeds to the company of approximately $391.7 million.
President Anthony Franklin Bahr bought 500,000 shares of WRD stock on Dec. 19 at a price of $15. The price of the stock has decreased by 4% since.
Natus Medical Inc.: President and CEO James B. Hawkins bought 10,000 shares
Hawkins bought 10,000 shares on Dec. 16 at a price of $35.20 per share. The price of the stock has decreased by 0.57% since.
Natus provides newborn care and neurology healthcare products and services used for screening, diagnosis, detection, treatment, monitoring and tracking of medical ailments in newborn care, epilepsy, sleep disorders, and balance and mobility disorders. The company has a market cap of $1.13 billion. As of Dec. 23, its shares traded at $35.00 with a P/E ratio of 28.46.
For the third quarter ended Sept. 30, the company reported revenue of $90.9 million, a decrease of 3.9% compared to $94.6 million reported for the third quarter 2015.
ARMOUR Residential REIT Inc.: Co-CEO and President Jeffrey J. Zimmer bought 10,000 shares
Zimmer bought 10,000 shares on Dec. 19 at a price of $20.89 per share. The price of the stock has increased by 4.26% since.
ARMOUR invests in and manages a leveraged portfolio of residential mortgage backed securities. It invests in residential mortgage backed securities issued or guaranteed by a U.S. government-sponsored entity. The company has a market cap of $800.56 million. As of Dec. 23, its shares traded at $21.78 with a P/E ratio of -21.82.
Net income for the third quarter of 2016 was $118.7 million.
Co-CEO and CIO Scott Ulm bought 5,000 shares of ARR stock on Dec. 19 at a price of $20.98. The price of the stock has increased by 3.81% since.
For the complete list of stocks that were 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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