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BofI Holding Inc. (BOFI) President & CEO Gregory Garrabrants sells 8,500 Shares

May 07, 2010 | About:
insider

insider

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President & CEO of BofI Holding Inc. (BOFI) Gregory Garrabrants sells 8,500 shares of BOFI on 05/06/2010 at an average price of $15.19 a share.

Bofi Holding Inc. has a market cap of $127.9 million; its shares were traded at around $15.61 with a P/E ratio of 8.9 and P/S ratio of 1.8.

BOFI is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.


This is the insider trade history vs. stock price of BOFI. For the complete insider trading history of BOFI, click here.




Directors and Officers Recent Trades:


  • Sell:: COO Gary Lewis Evans sold 87,100 shares of BOFI stock on 05/07/2010 at the average price of 15.71, the price of the stock has decreased by 0.64% since.

  • Sell:: Director Paul Grinberg sold 4,000 shares of BOFI stock on 03/04/2010 at the average price of 13.7, the price of the stock has increased by 13.94% since.

  • Sell:: V.P./Chief Technology Officer Michael J Berengolts sold 4,522 shares of BOFI stock on 03/02/2010 at the average price of 13.52, the price of the stock has increased by 15.46% since.

  • Sell:: V.P./Chief Technology Office Michael J Berengolts sold 21,728 shares of BOFI stock on 02/24/2010 at the average price of 13.5, the price of the stock has increased by 15.63% since.

  • Sell:: COO Gary Lewis Evans sold 41,000 shares of BOFI stock on 02/11/2010 at the average price of 12.65, the price of the stock has increased by 23.4% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 4.5/5 (4 votes)

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