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hyperman299
hyperman299
Articles 

Weekly CEO Buys Highlights

Citigroup, Opko, JMP Group, Tuesday Morning, Calamos lead list, according to GuruFocus Insider Data

January 26, 2016 | About:

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:

Citigroup: CEO Michael Corbat bought 25,000 shares

Citigroup Inc. (NYSE:C) CEO Michael Corbat bought 25,000 shares on Jan. 22 at an average price of $39.55. Citigroup was incorporated in 1988 under the laws of the state of Delaware. Citigroup has a market cap of $117.82 billion; its shares were traded at around $39.55 with a P/E ratio of 8.96 and P/S ratio of 1.58. The dividend yield of Citigroup stocks is 0.40%.

Citigroup recently reported net income for the fourth quarter 2015 of $3.3 billion, or $1.02 per diluted share, on revenues of $18.5 billion. This compared to net income of $344 million, or 6 cents per diluted share, on revenues of $17.9 billion for the fourth quarter 2014.

Mario Gabelli (Trades, Portfolio) owned 407,640 shares as of Dec. 31, 2014, an increase of 22.55% from the previous quarter. This position accounts for 0.11% of the $15.22 billion portfolio of GAMCO Investors. Whitney Tilson (Trades, Portfolio) sold out his holdings in the quarter that ended on Dec. 31, 2014. David Tepper (Trades, Portfolio) sold out his holdings in the quarter that ended on Dec. 31, 2014.

CFO John C. Gerspach sold 10,000 shares of Citigroup stock on Aug. 5, 2015 at the average price of 58.82. Gerspach owns at least 302,098 shares. The price of the stock has decreased by 32.76% since the transaction.

Opko Health: CEO, Chairman, 10% owner Phillip Frost MD et al bought 102,000 shares

Opko Health Inc. (NASDAQ:OPK) CEO, Chairman and 10% Owner Phillip Frost MD et al bought 102,000 shares during the past week at an average price of $7.96. Opko Health was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics Inc. Opko Health has a market cap of $4.34 billion; its shares were traded at around $7.96 with and P/S ratio of 15.92. Opko Health had an annual average earnings growth of 9.00% over the past 10 years.

Opko Health recently reported its third-quarter 2015 financial results. Consolidated revenues increased to $143.0 million from $19.8 million for the three months ended Sept. 30, 2015 compared to three months ended Sept. 30, 2014, and increased to $215.5 million from $65.6 million for the nine months ended Sept. 30, 2015 as compared to the 2014 period.

George Soros (Trades, Portfolio) owned 235,600 shares as of Dec. 31, 2014, which accounts for 0.026% of the $5.84 billion portfolio of Soros Fund Management LLC. Mario Gabelli (Trades, Portfolio) owned 11,000 shares as of Dec. 31, 2014, which accounts for 0.0006% of the $15.22 billion portfolio of GAMCO Investors.

Sr. Vice President, CFO Adam Logal bought 1,000 shares of Opko stock on Sept. 14, 2015 at the average price of $9.95. Adam Logal owns at least 45,789 shares after this. The price of the stock has decreased by 20% since.

JMP Group LLC: CEO, 10% owner Joseph A. Jolson bought 87,532 shares

JMP Group LLC (NYSE:JMP) Joseph A. Jolson bought 87,532 shares on Jan. 19 at an average price of $5.63. JMP Group LLC is a Delaware Corporation incorporated in January 2000. JMP Group has a market cap of $119.600 million; its shares were traded at around $5.63 with a P/E ratio of 10.96 and P/S ratio of 1.02. The dividend yield of JMP Group stocks is 8.08%.

CFO Raymond Jackson bought 4,000 shares of JMP stock on Dec. 14, 2015 at the average price of $5.26. Jackson now owns at least 84,457 shares. The price of the stock has increased by 7.03% since.

Tuesday Morning: CEO Steven R. Becker bought 86,820 shares

Tuesday Morning Corp. (NASDAQ:TUES) CEO Steven R. Becker bought 86,820 shares on Jan. 20 at an average price of $5.34. Tuesday Morning is a Delaware corporation incorporated in 1991. It has a market cap of $236.670 million; its shares were traded at around $5.34 with a P/E ratio of 22.14 and P/S ratio of 0.28.

Tuesday Morning recently reported its first quarter fiscal 2016 financial results. Net sales were $202.3 million, compared to $202.2 million for the first quarter of fiscal 2015. The company's sales comparison to the prior year is impacted by the net closure of 44 stores since the end of the first quarter of the prior fiscal year. Comparable store sales increased 3.6% compared to the same period a year ago.

Director Terry Lee Burman bought 60,000 shares of Tuesday Morning stock on Nov. 13, 2015 at the average price of $5.52. Burman owns at least 92,786 shares. The price of the stock has decreased by 3.26%.

Calamos Asset Management: Chairman, CEO, Global Co-CIO, 10% owner John P. Calamos Sr. bought 44,220 shares

Calamos Asset Management Inc. (NASDAQ:CLMS) Chairman, CEO, Global Co-CIO and 10% owner John P. Calamos Sr. bought 44,220 shares during the past week at an average price of $9.07. Calamos Asset Management is a Delaware corporation, incorporated on July 23, 2004. Calamos Asset Management has a market cap of $186.210 million; its shares were traded at around $9.07 with a P/E ratio of 22.70 and P/S ratio of 0.70. The dividend yield of Calamos Asset Management stocks is 6.61%.

Mario Gabelli (Trades, Portfolio) owned 161,000 shares as of Dec. 31, 2014, which accounts for 0.011% of the $15.22 billion portfolio of GAMCO Investors.

SVP and CFO Nimish S. Bhatt bought 763 shares of Calamos stock on Nov. 24, 2015 at the average price of 9.38. Bhatt owns at least 108,847 shares. The price of the stock has decreased by 3.3%.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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