Chairman of the Board, 10% Owner of Goodrich Petroleum Corp. (GDP) Patrick E Malloy buys 20,000 shares of GDP on 06/02/2010 at an average price of $12 a share.

Goodrich Petroleum Corp. has a market cap of $422.5 million; its shares were traded at around $11.26 with and P/S ratio of 3.8.

GDP is in the portfolios of Arnold Schneider of Schneider Capital Management, Chuck Royce of Royce& Associates, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors.

This is the annual revenues and earnings per share of GDP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of GDP.

CEO Recent Trades:

• Buy:: Vice Chairman and CEO Walter G Goodrich bought 20,550 shares of GDP stock on 05/27/2010 at the average price of 12.15, the price of the stock has decreased by 7.33% since.

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

Directors and Officers Recent Trades:

• Buy:: SVP, Gen. Counsel, Corp. Sec'y Michael J Killelea bought 20,550 shares of GDP stock on 05/27/2010 at the average price of 12.15, the price of the stock has decreased by 7.33% since.


• Buy:: Chairman of the Board, 10% Owner Patrick E Malloy bought 41,300 shares of GDP stock on 05/27/2010 at the average price of 12.15, the price of the stock has decreased by 7.33% since.


• Buy:: President & COO Robert C Jr Turnham bought 24,600 shares of GDP stock on 05/27/2010 at the average price of 12.15, the price of the stock has decreased by 7.33% since.


• Buy:: Director, 10% Owner Josiah T Austin bought 9,100 shares of GDP stock on 03/26/2010 at the average price of 15.4, the price of the stock has decreased by 26.88% since.


• Buy:: President & COO Robert C Jr Turnham bought 4,000 shares of GDP stock on 03/25/2010 at the average price of 15.63, the price of the stock has decreased by 27.96% since.

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

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