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:
G-III Apparel Group CEO bought 39,689 shares
G-III Apparel Group Ltd. (GIII, Financial) CEO and 10% owner Morris Goldfarb bought 39,689 shares during the past week.
Goldfarb bought 6,843 shares for $21.99 per share on April 3 and 32,846 shares for $22.16 per share on April 4. The stock price has increased by 10.24% since.
G-III Apparel designs, manufactures and markets apparel, including outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear as well as footwear, luggage and women’s handbags, small leather goods and cold weather accessories. The company has a market cap of $1.19 billion. As of April 7 its shares traded at $24.43 per share with a price-earnings (P/E) ratio of 14.33.
For the fourth quarter ended Jan. 31, net sales increased by 14.4% to $603 million from $527 million in the fourth quarter last year. The company reported a fourth-quarter net loss of $20.1 million compared to net income of $8.0 million in the fourth quarter last year.
OPKO Health CEO bought 103,900 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 103,900 shares during the past week.
Frost bought 1,800 shares for $8 per share on March 31; 21,600 shares for $7.82 per share on April 3; 7,400 shares for $7.69 per share on April 4; 44,500 shares for $7.69 per share on April 5; and 28,600 shares for $7.58 per share on April 6. The stock price has increased by 0.13% since.
OPKO is a biopharmaceutical and diagnostics company engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $4.24 billion. As of April 7, its shares traded around $7.59 with a price-earnings (P/E) ratio of -165.00.
Consolidated revenue for the quarter ended Dec. 31, 2016 was $275.5 million. Net loss was $13.7 million for the quarter, compared to net income of $1.6 million for the comparable period of 2015.
Senior Vice President and Chief Financial Officer Adam Logal sold 112,975 shares for $8.07 per share on March 14. The stock price has decreased by 5.95% since.
Washington Prime Group CEO bought 28,700 shares
Washington Prime Group Inc. (WPG, Financial) CEO Louis G. Conforti bought 28,700 shares for $8.68 per share on March 31. The stock price has decreased by 0.46% since.
Washington Prime is a retail REIT engaged in the ownership, management, acquisition and development of retail properties. The company has a market cap of $1.91 billion. As of April 7 its shares traded at $8.64 with a P/E ratio of 30.21.
Net income for the fourth quarter of 2016 was $25.4 million compared to a loss of $97.0 million a year ago.
Executive Vice President and Chief Operating Officer Keric M. Knerr bought 6,119 shares for $8.17 per share on March 28. The stock price has increased by 5.75% since.
Executive Vice President, General Counsel and Corporate Secretary Robert P. Demchak bought 6,140 shares for $8.15 per share on March 27. The stock price has increased by 6.01% 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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