Weekly CEO Buys Highlight: GDOT, VOCS, PES, IRWD, ABR

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Nov 12, 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:





Green Dot Corp. (GDOT, Financial): Chairman, President, CEO and 10% Owner Steven W. Streit Bought 178,000 Shares


Chairman, President, CEO and 10% Owner of Green Dot Corp. (GDOT) Steven W. Streit bought 178,000 shares during the past week at an average price of $11.25. Green Dot Corp. is a prepaid financial services company providing money management solutions to a broad base of U.S. consumers. Green Dot Corp. has a market cap of $403.7 million; its shares were traded at around $11.25 with a P/E ratio of 9.15 and a P/S ratio of 0.86.

George Soros bought 800,000 shares in the quarter that ended on 6/30/2012, which is 0.26% of the $6.92 billion portfolio of Soros Fund Management LLC. Joel Greenblatt bought 92,880 shares in the quarter that ended on 6/30/2012, which is 0.15% of the $1.36 billion portfolio of Gotham Capital. Ron Baron owns 1,960,119 shares as of 6/30/2012, an increase of 27.75% from the previous quarter. This position accounts for 0.27% of the $15.83 billion portfolio of Baron Funds.

GDOT recently reported its third quarter 2012 financial results. For the third quarter of 2012, Green Dot reported a 14% year-over-year increase in non-GAAP total operating revenues to $135.6 million and non-GAAP diluted earnings per share of $0.29. GAAP results for the third quarter were $134.3 million in revenues and $0.24 in diluted earnings per share.

Director Ross E. Kendell bought 1,500 shares of GDOT stock on 11/06/2012 at the average price of 10.95. Ross E. Kendell owns at least 2,885 shares after this. The price of the stock has increased by 2.74% since.

Vocus, Inc. (VOCS, Financial): Chairman, CEO and President Richard E. Rudman Bought 70,000 Shares

Chairman, CEO and President of Vocus, Inc. (VOCS) Richard E Rudman bought 70,000 shares on 11/08/2012 at an average price of $14.73. Vocus Inc. is a provider of on-demand software for public relations management. Vocus Inc. has a market cap of $304.91 million; its shares were traded at around $14.73 with a P/S ratio of 2.65.

VOCS recently reported its third quarter 2012 financial results. GAAP revenue for the third quarter of 2012 was $45.2 million, a 57% increase over the comparable period in 2011.

Director Kevin J. Burns bought 10,000 shares of VOCS stock on 5/30/2012 at the average price of $15.27. Kevin J. Burns owns at least 45,602 shares after this. The price of the stock has decreased by 3.54% since. Other insiders have decreased their positions in the company.

Pioneer Energy Services Corp (PES, Financial): President & CEO Stacy Locke Bought 100,000 Shares

President & CEO of Pioneer Energy Services Corp (PES) Stacy Locke bought 100,000 shares on 11/06/2012 at an average price of $0. Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. with a P/E ratio of 11.73 and P/S ratio of 0.56. Pioneer Energy Services Corp had an annual average earnings growth of 43.1% over the past 10 years. GuruFocus rated Pioneer Energy Services Corp the business predictability rank of 3-star.

Pioneer Energy Services recently reported its third quarter 2012 financial results. Revenues for the third quarter of 2012 were $229.8 million, flat with revenue in the second quarter of 2012, but a 22% increase over $187.7 million for the third quarter of 2011.

John Burbank bought 16,605 shares in the quarter that ended on 6/30/2012, which is 0.0045% of the $2.95 billion portfolio of Passport Capital. Third Avenue Management owns 3,015,573 shares as of 6/30/2012, which accounts for 0.57% of the $4.21 billion portfolio of Third Avenue Management.

Director Dean A. Burkhardt bought 5,000 shares of PES stock on 6/14/2012 at the average price of $7. Dean A. Burkhardt owns at least 80,703 shares after this.

Ironwood Pharmaceuticals Inc. (IRWD, Financial): CEO Peter M. Hecht Bought 50,000 Shares

CEO of Ironwood Pharmaceuticals, Inc. (IRWD) Peter M. Hecht bought 50,000 shares on 11/05/2012 at an average price of $11.97. Ironwood Pharmaceuticals is an entrepreneurial pharmaceutical company that discovers, develops, and intends to commercialize innovative human medicines. Ironwood Pharmaceuticals Inc. has a market cap of $1.29 billion; its shares were traded at around $11.97 with a P/S ratio of 19.57.

Edward Owens owns 2,000,000 shares as of 9/30/2012, which accounts for 0.12% of the $22.09 billion portfolio of Vanguard Health Care Fund. Lee Ainslie owns 2,101,695 shares as of 6/30/2012, which accounts for 0.42% of the $6.85 billion portfolio of Maverick Capital.

FMR LLC sold 212,875 shares of IRWD stock on 10/15/2012 at the average price of 13.25. FMR LLC owns at least 1,235,904 shares after this. The price of the stock has decreased by 9.66% since.

Arbor Realty Trust Inc. (ABR, Financial): Chief of Business, CEO, President and 10% Owner Ivan Kaufman Bought 75,000 Shares

Chief of business, CEO, President and 10% Owner of Arbor Realty Trust, Inc. (ABR) Ivan Kaufman bought 75,000 shares on 11/08/2012 at an average price of $0.6. Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Arbor Realty Trust, Inc. has a market cap of $149.29 million; its shares were traded at around $5.38 with and P/S ratio of 1.52. The dividend yield of Arbor Realty Trust, Inc. stocks is 7.43%.

Arbor Realty Trust recently reported its third quarter 2012 financial results. The company reported net income for the quarter of $2.1 million, or $0.07 per diluted common share, compared to net loss for the quarter ended Sept. 30, 2011 of $2.4 million, or $0.10 per diluted common share.

Director William C. Green bought 5,000 shares of ABR stock on 6/19/2012 at the average price of $5.09. William C. Green owns at least 20,000 shares after this. The price of the stock has increased by 5.7% since.