According to GuruFocus Insider Data, these were the largest CEO buys during the past week.
J&J Snack Foods
J&J Snack Foods Corp. (JJSF, Financial) CEO and 10% Owner Gerald B. Shreiber bought 141,026 shares on Aug. 17 at a price of $130.52. The price of the stock has increased by 1.56% since then.
J&J Snack Foods manufactures, markets and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities, theaters and theme parks. The company operates in three business segments: food service, which sells snacks, desserts and baked goods at the point-of-sale; retail supermarkets, which sells frozen and prepackaged products to supermarkets; and frozen beverages, which sells frozen beverages under brands Icee, Slush puppie and Parrot ice in the United States, Mexico and Canada.
The company has a market cap of $2.51 billion. Its shares traded at $132.55 with a price-earnings ratio of 66.88 as of Aug. 21.
For its fiscal third quarter of 2020, the company had a net loss of $12.65 million compared to net earnings of $30.87 million for the comparable period of 2019.
Director Marjorie Shreiber Roshkoff sold 141,851 shares on Aug. 17 at a price of $130.52. Since then, the price of the stock has increased by 1.56%.
Red Rock Resorts
Red Rock Resorts Inc. (RRR, Financial) CEO and 10% Owner Frank J. Fertitta III bought 372,700 shares during the past week at the average price of $16.31.
Red Rock Resorts, along with its subsidiary, is a gaming, development and management company. The company mainly develops strategically-located casino and entertainment properties.
The company has a market cap of $1.98 billion. Its shares traded at $16.86 as of Aug. 21.
Net loss was $118.4 million for the second quarter of 2020 compared to a net loss of $7.1 million for the same period of 2019.
Fertitta bought 450,000 shares on Aug. 12 at a price of $14.79; 176,000 shares on Aug. 13 at a price of $15.24; 145,000 shares on Aug. 14 at a price of $16.36; 137,500 shares on Aug. 17 at a price of $16.43; and 90,200 shares on Aug. 19 at a price of $16.03. The price of the stock has increased by 5.18% since then.
Vice President and 10% Owner Lorenzo J. Fertitta bought 450,000 shares on Aug. 12 at a price of $14.79; 176,000 shares on Aug. 13 at a price of $15.24; 145,000 shares on Aug. 14 at a price of $16.36; 137,500 shares on Aug. 17 at a price of $16.43; and 90,200 shares on Aug. 19 at a price of $16.03. Since then, the price of the stock has increased by 5.18%.
Fox
Fox Corp. (FOX, Financial) Executive Chairman and CEO Lachlan K. Murdoch bought 229,024 shares on Aug. 15 at a price of $25.74. The price of the stock has increased by 1.05% since then.
Fox represents the assets not sold to Disney (DIS) by its predecessor, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network and 28 owned and operated local television stations, of which 17 are affiliated with the Fox Network and the Fox Studios lot. The Murdoch family continues to control the successor company.
The company has a market cap of $15.72 billion. Its shares traded at $26.01 with a price-earnings ratio of 16.06 as of Aug. 21.
Net income for the fourth quarter of fiscal year 2020 was $145 million compared to $465 million for the prior-year period.
Murdoch also sold 229,024 shares on Aug. 15 at a price of $25.74. Since then, the price of the stock has increased by 1.05%.
Chief Operating Officer John Nallen sold 100,000 shares on Aug. 17 at a price of $25.49. The price of the stock has increased by 2.04% since then.
Golub Capital BDC
Golub Capital BDC Inc. (GBDC, Financial) CEO David Golub bought 385,234 shares during the past week at the average price of $12.60.
Golub Capital BDC is an externally managed, closed-end, non-diversified management investment company. The company's investment objective is to generate current income and capital appreciation by investing in senior secured and one stop loans in United States middle-market companies. It also invests in second lien and subordinated loans, warrants and minority equity securities in United States middle-market companies. The company's competitors in providing financing to middle-market companies include public and private funds, other business development companies, commercial and investment banks and commercial financing companies.
The company has a market cap of $2.13 billion. Its shares traded at $12.75 as of Aug. 21.
Net investment income during the three months ended June 30 was $35.07 million compared to $19.41 million for the prior-year quarter.
Golub bought 76,400 shares on Aug. 12 at a price of $12.39; 103,427 shares on Aug. 14 at a price of $12.54; 132,403 shares on Aug. 18 at a price of $12.57; and 149,404 shares on Aug. 20 at a price of $12.67. Since then, the price of the stock has increased by 0.63%.
Chairman Lawrence E. Golub bought 76,400 shares on Aug. 12 at a price of $12.39; 103,427 shares on Aug. 14 at a price of $12.54; 132,403 shares on Aug. 18 at a price of $12.57; and 149,404 shares on Aug. 20 at a price of $12.67. The price of the stock has increased by 0.63% since then.
Live Oak Bancshares
Live Oak Bancshares Inc. (LOB, Financial) CEO and 10% Owner James S. Mahan III bought 102,879 shares during the past week at the average price of $19.33.
Live Oak Bancshares operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including non-interest-bearing demand, interest-bearing checking, money market, saving and time deposits.
The company has a market cap of $796.48 million. Its shares traded at $19.65 with a price-earnings ratio of 122.81 as of Aug. 21.
Net income for the second quarter was $3.78 million for 2020 and $4.94 million for 2019.
Mahan bought 45,378 shares on Aug. 18 at a price of $19.09 and 57,501 shares on Aug. 20 at a price of $19.52. Since then, the price of the stock has increased by 0.67%.
Vice Chairman and Executive Vice President William L. Williams III bought 1,250 shares on July 27 at a price of $15.82. The price of the stock has increased by 24.21% 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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