Weekly CEO Buys Highlight: VRA, MTDR, BMTI, PZG, CAK

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Apr 10, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


Vera Bradley (VRA, Financial): CEO Michael C. Ray Bought 20,000 Shares


CEO of Vera Bradley (VRA) Michael C. Ray bought 20,000 shares during the past week at an average price of $31.04. Vera Bradley Designs Inc. is a designer, producer, marketer and retailer of accessories for women. Vera Bradley has a market cap of $1.22 billion; its shares were traded at around $31.04 with a P/E ratio of 21 and P/S ratio of 2.7.


VRA recently reported net revenues of $134.5 million for the fourth quarter, compared to $109.4 million in the same period of the prior year, an increase of $25.1 million, or 23%. By segment, Direct revenues increased 46% to $81.2 million, reflecting growth across all channels, including comparable-store sales increasing 9.3% and E-commerce revenue growth of 28%.


Director Stephen J. Hackman bought 1,000 shares of VRA stock on 03/30/2012 at the average price of $29.90. Stephen J. Hackman owns at least 4,513 shares after this. The price of the stock has increased by 3.81% since. There are mixed trades from other insiders.


Matador Resources (MTDR, Financial): Chairman, CEO and President Joseph Wm. Foran Bought 24,000 Shares


Chairman, CEO and President of Matador Resources (MTDR) Joseph Wm. Foran bought 24,000 shares on 04/03/2012 at an average price of $11.39. Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the U.S. Matador Resources has a market cap of $605.4 million; its shares were traded at around $11.39 with and P/S ratio of 7.6.


MTDR recently reported adjusted EBITDA of $49.9 million, an increase of 112% over $23.6 million reported for 2010.


Executive Vice President, COO and CFO David E. Lancaster sold 60,000 shares of MTDR stock on 02/07/2012 at the average price of $12. David E. Lancaster owns at least 234,750 shares after this. The price of the stock has decreased by 5.08% since. Other insiders have also increased their positions in the company.


Biomimetic Therapeutics (BMTI, Financial): President and CEO Samuel Eugene Lynch Bought 70,000 Shares


President and CEO of Biomimetic Therapeutics (BMTI) Samuel Eugene Lynch bought 70,000 shares on 03/30/2012 at an average price of $2.84. BioMimetic Therapeutics is a biotech company utilizing recombinant human platelet-derived growth factor (rhPDGF-BB) as its primary technology platform. Biomimetic Therapeutics has a market cap of $69.5 million; its shares were traded at around $2.84 with and P/S ratio of 40.3.


BMTI recently reported its financial results as of and for the three and twelve months ended December 31, 2011. For the three months ended December 31, 2011, the company reported a net loss of $9.9 million, or $0.35 per diluted share, compared to a net loss of $10.0 million, or $0.36 per diluted share, for the same period in 2010.


CFO Lawrence E. Bullock bought 20,000 shares of BMTI stock on 03/20/2012 at the average price of $2.2. Lawrence E. Bullock owns at least 106,723 shares after this. The price of the stock has increased by 29.09% since. There are mixed trades from other insiders.


Paramount Gold (PZG, Financial): CEO Christopher Crupi Bought 50,000 Shares


CEO of Paramount Gold (PZG) Christopher Crupi bought 50,000 shares on 03/30/2012 at an average price of $2.47. Paramount Gold and Silver Corp. engages in the acquisition, exploration, and development of gold, silver, and precious metal properties primarily in Mexico. Paramount Gold has a market cap of $309.4 million; its shares were traded at around $2.47 with and P/S ratio of 1031.2.


CFO Carlo Buffone bought 20,000 shares of PZG stock on 03/29/2012 at the average price of $2.2. Carlo Buffone owns at least 20,000 shares after this. The price of the stock has increased by 12.27% since.


Camac Energy (CAK, Financial): Chairman and CEO Kase Lukman Lawal Bought 100,000 Shares


Chairman and CEO of Camac Energy (CAK) Kase Lukman Lawal bought 100,000 shares on 03/30/2012 at an average price of $0.91. CAMAC Energy Inc., formerly known as Pacific Asia Petroleum Inc. Camac Energy has a market cap of $153.6 million; its shares were traded at around $0.91 with a P/E ratio of 98.7 and P/S ratio of 4.


CAK recently announced a net loss of $1.7 million, or $0.01 per diluted share for the quarter ended December 31, 2011. For the same period in 2010, CAMAC Energy reported a net loss of $35.6 million, or $0.25 per diluted share, which included $0.21 per diluted share of intervention expenses.


General Counsel SR VP Nicolas J. Evanoff bought 5,100 shares of CAK stock on 03/26/2012 at the average price of $0.9. Nicolas J. Evanoff owns at least 319,373 shares after this.