Weekly CEO Buys Highlight: JMP, SONS, OPK, ARAY, CBNJ

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Nov 04, 2014

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:

JMP Group Inc (JMP, Financial): CEO, 10% Owner Joseph A Jolson Bought 569,504 Shares

CEO, 10% Owner of JMP Group Inc (JMP, Financial) Joseph A Jolson bought 569,504 shares on 10/29/2014 at an average price of $7.97. JMP Group Inc. is a Delaware Corporation. It is a full-service investment banking, asset management and corporate credit management firm. Jmp Group Inc has a market cap of $172.900 million; its shares were traded at around $7.97 with a P/E ratio of 14.00 and P/S ratio of 1.00. The dividend yield of Jmp Group Inc stocks is 2.50%.

JMP recently reported its third quarter 2014 financial results. Adjusted net revenues, which exclude certain non-cash items and non-controlling interests, were $40.3 million, an increase of 11.3% from $36.2 million for the third quarter of 2013. For the nine months ended September 30, 2014, adjusted net revenues were a record $134.9 million, an increase of 27.0% from $106.2 million for the nine months ended September 30, 2013.

President Carter D Mack bought 25,000 shares of JMP stock on 10/27/2014 at the average price of 6.36. Carter D Mack owns at least 215,609 shares after this. The price of the stock has increased by 25.31% since.

Sonus Networks Inc (SONS, Financial): CEO and President Raymond P Dolan Bought 1,000,000 Shares

CEO and President of Sonus Networks Inc (SONS, Financial) Raymond P Dolan bought 1,000,000 shares on 10/31/2014 at an average price of $3.65. Sonus Networks, Inc., was incorporated in August 1997 as a Delaware corporation. Sonus Networks Inc has a market cap of $902.100 million; its shares were traded at around $3.65 with and P/S ratio of 3.10.

Sonus recently reported its third quarter 2014 financial results. Total company revenue was $73.2 million, up 7.5% compared to the third quarter of 2013. GAAP net loss was $5.2 million; non-GAAP net income was $3.5 million.

CFO Mark T Greenquist bought 15,000 shares of SONS stock on 08/04/2014 at the average price of 3.59. Mark T Greenquist owns at least 280,000 shares after this. The price of the stock has increased by 1.67% since.

Opko Health Inc (OPK, Financial): CEO & Chairman, 10% Owner Phillip Md Et Al Frost Bought 111,100 Shares

CEO & Chairman, 10% Owner of Opko Health Inc (OPK, Financial) Phillip Md Et Al Frost bought 111,100 shares during the past week at an average price of $8.32. Opko Health, Inc. was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics, Inc. Opko Health Inc has a market cap of $3.57 billion; its shares were traded at around $8.32 with and P/S ratio of 38.10. Opko Health Inc had an annual average earnings growth of 4.40% over the past 10 years.

Mario Gabelli (Trades, Portfolio) owns 15,000 shares as of 06/30/2014, which accounts for 0.0007% of the $19.12 billion portfolio of GAMCO Investors. George Soros (Trades, Portfolio) owns 235,600 shares as of 06/30/2014, a decrease of 84.24% of from the previous quarter. This position accounts for 0.016% of the $13.27 billion portfolio of Soros Fund Management LLC.

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

President & CEO of Accuray Inc (ARAY, Financial) Joshua Levine bought 100,000 shares on 11/03/2014 at an average price of $6.68. Accuray, Inc., was incorporated in California in 1990 and commenced operations in 1992. Accuray Inc has a market cap of $516.400 million; its shares were traded at around $6.68 with and P/S ratio of 1.30.

ARAY recently reported its financial results for the first quarter fiscal ended September 30, 2014. Gross orders for the quarter were $58.8 million. Total revenue was $82.4 million, an increase of 7% from the first fiscal quarter 2014.

PRIMECAP Management (Trades, Portfolio) owns 8,690,700 shares as of 06/30/2014, which accounts for 0.084% of the $91.33 billion portfolio of PRIMECAP Management (Trades, Portfolio).

Cape Bancorp Inc (CBNJ, Financial): President and CEO Michael D Devlin Bought 24,970 Shares

President and CEO of Cape Bancorp Inc (CBNJ, Financial) Michael D Devlin bought 24,970 shares during the past week at an average price of $8.96. Cape Bancorp Inc., is a Maryland corporation that was incorporated on September 14, 2007. Cape Bancorp Inc has a market cap of $104.100 million; its shares were traded at around $8.96 with a P/E ratio of 15.60 and P/S ratio of 2.30. The dividend yield of Cape Bancorp Inc stocks is 2.70%.

Michael Price (Trades, Portfolio) owns 259,200 shares as of 06/30/2014, which accounts for 0.34% of the $816 million portfolio of MFP Investors LLC.

Director Agostino R Fabietti bought 3,000 shares of CBNJ stock on 10/31/2014 at the average price of 8.97. Agostino R Fabietti owns at least 69,197 shares after this. The price of the stock has decreased by 0.11% since.