According to GuruFocus Insider Data, these were the largest CEO buys during the past week.
The GEO Group
The GEO Group Inc. (GEO, Financial) Chairman and CEO George C. Zoley bought 250,000 shares on May 7 at a price of $11.31. The price of the stock has increased by 1.68% since then.
The GEO Group is a healthcare facility real estate investment trust. The company operates multiple segments, including U.S. Corrections & Detection, GEO Care, International Services and Facility Construction and Design. The vast majority of GEO's revenue is derived from its U.S. Corrections & Detention segment, which focuses on leasing and operating correctional facilities. The GEO segment provides services to adult offenders and juveniles for non-residential treatment.
The company has a market cap of $1.40 billion. Its shares traded at $11.50 with a price-earnings ratio of 9.08 as of May 8.
First quarter 2020 net income was $25.2 million compared to $40.7 million for the first quarter of 2019.
AGNC Investment
AGNC Investment Corp. (AGNC, Financial) Director, CEO and chief investment officer Gary D. Kain bought 189,188 shares on May 6 at a price of $12.60. Since then, the price of the stock has increased by 0.79%.
AGNC Investment is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or by a U.S. Government agency, such as the Government National Mortgage Association.
The company has a market cap of $7.21 billion. Its shares traded at $12.70 as of May 8.
Net loss for the quarter ended March 31, 2020 was $2.421 billion compared to net income of $265 million for the comparable period of 2019.
Director John D. Fisk bought 15,628 shares on April 30 at a price of $12.77. The price of the stock has decreased by 0.55% since then.
Illinois Tool Works
Illinois Tool Works Inc. (ITW, Financial) Chairman and CEO Ernest Scott Santi bought 6,300 shares on May 6 at a price of $158.42. Since then, the price of the stock has increased by 1.63%.
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids and welding.
The company has a market cap of $51.12 billion. Its shares traded at $161.01 with a price-earnings ratio of 20.90 as of May 8. Net income for the first quarter of 2020 was $566 million compared to $597 million for the prior-year period.
Director Richard H. Lenny bought 1,575 shares on May 6 at a price of $159.19. The price of the stock has increased by 1.14% since then.
Owl Rock Capital
Owl Rock Capital Corp. (ORCC, Financial) President and CEO Craig Packer bought 75,750 shares on May 7 at a price of $13.17. Since then, the price of the stock has decreased by 2.66%.
Owl Rock Capital is a specialty finance company focused on lending to U.S. middle-market companies. Its capital is used by the portfolio companies to support growth, acquisitions, market or product expansion, refinancings and/or recapitalizations. Its investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with risk-adjusted returns.
The company has a market cap of $4.92 billion. Its shares traded at $12.82 with a price-earnings ratio of 9.02 as of May 8.
First quarter 2020 net investment income was $146.26 million compared to $96.01 million for the first quarter of 2019.
10% Owner Regents of The University of California sold 131,878 shares on May 5 at a price of $12.61; 143,000 shares on May 7 at a price of $13.15; and 145,000 shares on May 8 at a price of $13.06. The price of the stock has decreased by 1.84% since then.
OPKO Health
OPKO Health Inc. (OPK, Financial) CEO, Chairman 10% Owner Phillip Frost bought 400,000 shares on May 7 at a price of $2.08. Since then, the price of the stock has increased by 0.96%.
OPKO Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. It has a development and commercial supply pharmaceutical company, a global supply-chain operation and holding company and a specialty active pharmaceutical ingredients manufacturer in Israel.
The company has a market cap of $1.41 billion. Its shares traded at $2.10 as of May 8.
Net loss for the first quarter of 2020 was $59.1 million compared with a net loss of $80.8 million for the comparable period of 2019.
Frost also bought 200,000 shares on April 15 at a price of $1.55; 25,000 shares on April 16 at a price of $1.63; and 325,000 shares on April 17 at a price of $1.66.
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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