Weekly CEO Buys Highlight: PACB, AKS, EPIQ, GGS, TPGI

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Dec 03, 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:





Pacific Biosciences of California Inc. (PACB, Financial): Chairman, CEO and President Michael Hunkapiller Bought 428,600 Shares


Chairman, CEO &and President of Pacific Biosciences of California, Inc. (PACB) Michael Hunkapiller bought 428,600 shares during the past week at an average price of $1.79. Pacific Biosciences of California Inc. is engaged in the development, manufacture and commercialization of its single molecule, real-time, or SMRT technology-integrated platform for genetic analysis. Pacific Biosciences of California has a market cap of $81.2 million; its shares were traded at around $1.79 with and P/S ratio of 2.4.

Pacific Biosciences of California recently announced its third quarter 2012 financial results. Revenue for the third quarter of 2012 totaled $2.8 million compared to revenue of $7.3 million for the second quarter of 2012. Net loss for the quarter was $22.7 million compared to the $22.5 million net loss during the second quarter of 2012.

Lee Ainslie owns 3,531,953 shares as of 9/30/2012, which accounts for 0.086% of the $7.55 billion portfolio of Maverick Capital. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 9/30/2012.

Augsburger Kammgarn-Spinnerei AG (AKS, Financial): Chairman, President and CEO James L. Wainscott Bought 100,000 Shares

Chairman, President and CEO of Augsburger Kammgarn-Spinnerei AG (AKS) James L. Wainscott bought 100,000 shares on 11/27/2012 at an average price of $4.01. AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AK Steel Holding Corp. has a market cap of $425.8 million; its shares were traded at around $4.01 with and P/S ratio of 0.1.

Joel Greenblatt bought 74,056 shares in the quarter that ended on 9/30/2012, which is 0.024% of the $1.5 billion portfolio of Gotham Capital.

Finance Vice President and CFO, Roger K. Newport bought 5,000 shares of AKS stock on 11/28/2012 at the average price of $3.87. Newport owns at least 85,475 shares after this. The price of the stock has increased by 3.62% since. Other insiders have also increased their positions in the company.

Epiq Systems Inc. (EPIQ, Financial): Chairman,CEO and 10% Owner Tom W. Olofson Bought 20,000 Shares

Chairman, CEO and 10% owner of Epiq Systems Inc. (EPIQ), Tom W Olofson bought 20,000 shares on 11/29/2012 at an average price of $11.91. EPIQ Systems, Inc. develops, markets and licenses proprietary software solutions for workflow management and data communications infrastructure that serve the bankruptcy trustee market and financial services market. Epiq Systems Inc. has a market cap of $399.9 million; its shares were traded at around $11.91 with a P/E ratio of 13.4 and P/S ratio of 1.4. The dividend yield of Epiq Systems Inc. stocks is 3.2%. Epiq Systems Inc. had an annual average earnings growth of 7.7% over the past 10 years.

EPIQ recently announced results of operations for the third quarter of 2012 with operating revenue of $83.9 million, up 20% compared to $69.8 million for the prior year. Sept. 30, 2012 year-to-date operating revenue was $256.5 million, up 33% compared to $192.7 million for the prior year.

John Keeley bought 48,960 shares in the quarter that ended on 9/30/2012, which is 0.014% of the $4.53 billion portfolio of Keeley Fund Management.

Director Charles C. Connely IV bought 5,000 shares of EPIQ stock on 11/12/2012 at the average price of $10.44. Connely owns at least 5,000 shares after this. The price of the stock has increased by 14.08% since.

Gigaset AG (GGS, Financial): President and CEO Richard Carl White Bought 25,000 Shares

President and CEO of Gigaset AG (GGS) Richard Carl White bought 25,000 shares on 11/26/2012 at an average price of $4.21. Global Geophysical Services Inc. provides an integrated suite of seismic data solutions to the global oil and gas industry, including its high resolution RG-3D Reservoir Grade (RG3D) seismic solutions. Global Geophysical Services Inc. has a market cap of $148.6 million; its shares were traded at around $4.21 with a P/E ratio of 6.8 and P/S ratio of 0.4.

Sr. Vice President and CFO P. Mathew Verghese sold 7,933 shares of GGS stock on 8/03/2012 at the average price of $5. Verghese owns at least 26,432 shares after this. The price of the stock has decreased by 15.8% since.

Thomas Properties Group Inc. (TPGI, Financial): Chairman, President and CEO James A. Thomas Bought 12,600 Shares

Chairman, President and CEO of Thomas Properties Group Inc. (TPGI) James A. Thomas bought 12,600 shares on 11/28/2012 at an average price of $5.50. Thomas Properties Group Inc. is a real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. Thomas Properties Group Inc. has a market cap of $266.3 million; its shares were traded at around $5.50 with a P/E ratio of 96.5 and P/S ratio of 2.8. The dividend yield of Thomas Properties Group Inc. stocks is 1.4%.

Thomas Properties recently announced its third quarter 2012 financial results. The consolidated net loss for the three months ended Sept. 30, 2012 was $4.1 million or $0.09 per share compared to consolidated net income of $2.1 million or $0.06 per share for the three months ended Sept. 30, 2011.

Third Avenue Management owns 7,667,279 shares as of 9/30/2012, which accounts for 1% of the $4.4 billion portfolio of Third Avenue Management. Arnold Schneider owns 347,667 shares as of 9/30/2012, which accounts for 0.19% of the $1.09 billion portfolio of Schneider Capital Management.