According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
G-III Apparel Group CEO bought 40,000 shares
G-III Apparel Group Ltd. (GIII, Financial) CEO and 10% Owner Morris Goldfarb bought 40,000 shares on July 11 at a price of $26.47. The price of the stock has increased by 7.29% since.
G-III Apparel Group makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. Licenses are core to the company's business and come from well-known apparel brands, professional sports leagues, and over 100 colleges and universities. Most of the company's sales are to department stores, but the company also operates retail stores for some of its proprietary brands, such as Wilson's Leather and G.H. Bass. Other proprietary brands include Andrew Marc, Marc New York, Jessica Howard, Eliza J, and Black Rivet. The company has a market cap of $1.39 billion. Its shares traded at $28.40 with a price-earnings ratio of 10.17 as of July 12.
Net income for the first quarter of fiscal 2020 was $12.0 million compared to $9.9 million in the prior year’s comparable period.
OPKO Health CEO bought 100,000 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman, and 10% Owner Phillip Frost bought 100,000 shares on July 8 at a price of $2.23. The price of the stock has decreased by 3.14% since.
OPKO Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. The company’s diagnostics business includes a core genetic testing operation. It has a development and commercial supply pharmaceutical company, as well as a global supply-chain operation and holding company in Ireland. OPKO Health also owns a specialty active pharmaceutical ingredients manufacturer in Israel. The company's bio-reference testing business consists of routine testing and esoteric testing. The company has a market cap of $1.33 billion. Its shares traded at $2.16 as of July 12.
Net loss for the first quarter of 2019 was $80.8 million compared with a net loss of $43.1 million for the comparable period of 2018.
Frost also bought 25,000 shares on June 19 at a price of $2.01; 50,000 shares on June 20 at a price of $2.04; 100,000 shares on June 25 at a price of $2.01; and 50,000 shares on July 2 at a price of $2.42. The price of the stock has decreased by 10.74% since.
W&T Offshore Inc. CEO bought 15,000 shares
W&T Offshore Inc. (WTI, Financial) Chairman, CEO, President, and 10% Owner Tracy W. Krohn bought 15,000 shares on July 10 at a price of $4.65. The price of the stock has increased by 0.86% since.
W&T Offshore Inc. is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion. The company has a market cap of $659.62 million. Its shares traded at $4.69 with a price-earnings ratio of 3.97 as of July 12.
Net loss for the first quarter of 2019 was $47.8 million compared to a net income of $27.6 million for the comparable period of 2018.
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.
