According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
BrightSphere Investment Group
BrightSphere Investment Group Inc. (BSIG, Financial) President and CEO Guang Yang bought 50,001 shares on Dec. 30 at a price of $10.14. The price of the stock has decreased by 5.82% since then.
BrightSphere Investment Group PLC, formerly OM Asset Management PLC, is a diversified, multi-boutique asset management company. The company's diverse affiliates offer leading alpha-generating investment products to investors around the world.
The company has a market cap of $822 million. Its shares traded at $9.55 with a price-earnings ratio of 5.13 as of Jan. 3.
Net income was $83 million for the third quarter of 2019 compared to $54.2 million for the third quarter of 2018.
OPKO Health
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% Owner Phillip Frost bought 200,000 shares during the past week at the average price of $1.50.
OPKO Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Its 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. It also owns a specialty active pharmaceutical ingredients manufacturer in Israel.
The company has a market cap of $978 million. Its shares traded at $1.47 as of Jan. 3.
Net loss for the third quarter of 2019 was $62.01 million compared to a net loss of $27.66 million in the prior-year quarter.
Frost bought 75,000 shares on Dec. 17 at a price of $1.54; 150,000 shares on Dec. 18 at a price of $1.50; 100,000 shares on Dec. 19 at a price of $1.48; 100,000 shares on Dec. 27 at a price of $1.53; and 100,000 shares on Dec. 30 at a price of $1.46. Since then, the price of the stock has increased by 0.68%.
Corporate Office Properties Trust
Corporate Office Properties Trust (OFC, Financial) President and CEO Stephen E. Budorick bought 1,028 shares on Dec. 30 at a price of $29.17. The price of the stock has increased by 1.06% since then.
The REIT acquires, manages and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. The company derives nearly all of its income in the form of rental revenue from tenants. Most of its revenue comes from the leasing of properties to U.S. government agencies and its contractors in the national security, defense and IT sectors, such as Northrop Grumman (NOC) and Boeing (BA). Regional offices in urban submarkets make also make up a sizable percentage of total square footage.
The company has a market cap of $3.3 billion. Its shares traded at $29.48 with a price-earnings ratio of 19.80 as of Jan. 3. Net income for the three months ended Sept. 30, 2019 was $23.25 million compared to $20.32 million for the prior-year quarter.
Budorick also bought 509 shares on Dec. 20 at a price of $29.47; 513 shares on Dec. 23 at a price of $29.24; 514 shares on Dec. 26 at a price of $29.19; and 513 shares on Dec. 27 at a price of $29.24.
GAMCO Investors
GAMCO Investors Inc. (GBL, Financial) Chairman, CEO and 10% Owner Mario J. Gabelli bought 1,200 shares on Dec. 31 at a price of $19.43. Since then, the price of the stock has decreased by 4.63%.
GAMCO Investors is an institutional broker-dealer. The company conducts its investment advisory business mainly through GAMCO (Institutional and Private Wealth Management), Funds Advisor (Mutual Funds) and GSI (Investment Partnerships). It is well known for its Private Market Value (PMV) with a Catalyst(tm) investment approach. It is a recognized provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors and investment partnerships in the United States. It also provides institutional research services to institutional clients and investment partnerships.
The company has a market cap of $509 million. Its shares traded at $18.53 with a price-earnings ratio of 6.41 as of Jan. 3.
Net income for the quarter ended Sept. 30, 2019 was $13.63 million compared to $35.02 million for the comparable period of 2018.
Gabelli also sold 81,100 shares on Dec. 17 at a price of $18.59; bought 500 shares on Dec. 26 at a price of $19.59; and bought 702 shares on Dec. 27 at a price of $19.43.
Director Elisa M. Wilson sold 3,500 shares on Dec. 24 at a price of $19.13. The price of the stock has decreased by 3.14% since then.
For the complete list of stocks 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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- 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.
