Weekly CEO Buys Highlight: AGNC, WTSLA, ARAY, FSC, SREV

Author's Avatar
Feb 19, 2013
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:



American Capital Agency Corp. (AGNC, Financial): CEO Malon Wilkus Bought 25,130 Shares

CEO of American Capital Agency Corp. (AGNC) Malon Wilkus bought 25,130 shares during the past week at an average price of $32.51. American Capital Agency Corp. was organized on Jan. 7, 2008, and commenced operations on May 20, 2008 following the completion of its initial public offering. American Capital Agency Corp. has a market cap of $11.12 billion; its shares were traded at around $32.51 with a P/E ratio of 13.1 and P/S ratio of 10.9. The dividend yield of American Capital Agency Corp. stocks is 15.4%.

AGNC recently reported income for the fourth quarter of 2012 of $126 million, or $0.36 per common share, and net book value of $31.64 per common share. Economic return for the period, defined as dividends on common shares plus the change in net book value per common share, was $0.40 per common share, or 5% on an annualized basis. For the full year, AGNC reported a 32% economic return on common equity.

Director Alvin N. Puryear bought 1,500 shares of AGNC stock on 12/10/2012 at the average price of $31.5. Alvin N. Puryear owns at least 1,500 shares after this. The price of the stock has increased by 3.21% since. There are mixed trades from other insiders.

Wet Seal Inc. (WTSLA, Financial): CEO John D. Goodman Bought 218,056 Shares

CEO of Wet Seal Inc. (WTSLA) John D. Goodman bought 218,056 shares on 02/14/2013 at an average price of $3.03. Wet Seal Inc. incorporated in the State of Delaware in 1990. Wet Seal Inc. has a market cap of $272.4 million; its shares were traded at around $3.03 with and P/S ratio of 0.5. Wet Seal Inc. had an annual average earnings growth of 3.5% over the past five years.

WTSLA recently reported its third quarter 2012 financial results. Net sales were $135.5 million compared to net sales of $152.1 million for the prior year third quarter.

Director Jonathan Duskin bought 23,500 shares of WTSLA stock on 09/21/2012 at the average price of $3.19. Jonathan Duskin owns at least 133,909 shares after this. The price of the stock has decreased by 5.02% since. There are mixed trades from other insiders.

Accuray Inc. (ARAY, Financial): President and CEO Joshua Levine Bought 100,000 Shares

President and CEO of Accuray Inc. (ARAY) Joshua Levine bought 100,000 shares on 02/13/2013 at an average price of $4.59. Accuray Inc. was incorporated in California in 1990 and commenced operations in 1992. Accuray Inc. has a market cap of $339.3 million; its shares were traded at around $4.59 with and P/S ratio of 0.9.

PRIMECAP Management owns 7,595,000 shares as of 12/31/2012, which accounts for 0.079% of the $61.82 billion portfolio of PRIMECAP Management. John Burbank owns 4,000,000 shares as of 12/31/2012, which accounts for 0.99% of the $2.59 billion portfolio of Passport Capital.

For the second quarter of fiscal 2013 Accuray reported total consolidated GAAP revenue of$77.8 million and total non-GAAP revenue of $77.7 million. By comparison, for the second quarter of fiscal 2012, total GAAP revenue was $106.4 million and total non-GAAP revenue was $102.9 million.

Senior Vice President and Chief Commercial Officer Kelly Londy bought 100 shares of ARAY stock on 01/18/2013 at the average price of $5.26. Kelly Londy owns at least 73,253 shares after this. The price of the stock has decreased by 12.74% since. Other insiders have decreased their positions in the company.

Fifth Street Finance Corporation (FSC, Financial): CEO Leonard M. Tannenbaum Bought 15,000 Shares

CEO of Fifth Street Finance Corporation (FSC) Leonard M. Tannenbaum bought 15,000 shares on 02/13/2013 at an average price of $10.75. Fifth Street Finance Corp. is a Delaware Corporation. Fifth Street Finance Corporation has a market cap of $1.14 billion; its shares were traded at around $10.75 with a P/E ratio of 11.5 and P/S ratio of 6.9. The dividend yield of Fifth Street Finance Corporation stocks is 10.7%.

Whitney Tilson owns 133,700 shares as of 12/31/2012, which accounts for 1.1% of the $123 million portfolio of T2 Partners Management LP. David Einhorn owns 1,998,692 shares as of 12/31/2012, which accounts for 0.33% of the $6.38 billion portfolio of Greenlight Capital.

Chief Investment Officer Ivelin M. Dimitrov bought 1,000 shares of FSC stock on 02/14/2013 at the average price of $10.94. Ivelin M. Dimitrov owns at least 19,265 shares after this. The price of the stock has decreased by 1.74% since. Other insiders have increased their positions in the company.

ServiceSource International Inc. (SREV, Financial): CEO and Chairman of the Board Michael A. Smerklo Bought 21,500 Shares

CEO and Chairman of the Board of ServiceSource International Inc (SREV) Michael A. Smerklo bought 21,500 shares on 02/11/2013 at an average price of $6.95. ServiceSource International Inc. founded in 1999 was incorporated in Delaware. ServiceSource International Inc. has a market cap of $523.6 million; its shares were traded at around $6.95 with and P/S ratio of 2.2.

Director Barry D. Reynolds bought 361,815 shares of SREV stock on 09/07/2012 at the average price of $9.68. Barry D. Reynolds owns at least 6,440,395 shares after this. The price of the stock has decreased by 28.2% since. There are mixed trades from other insiders.