According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
Macquarie Infrastructure CEO bought 15,000 shares
Macquarie Infrastructure Corp. (MIC, Financial) CEO James Hooke bought 15,000 shares for $74.15 on Feb. 3. The stock price has increased by 5.18% since.
Macquarie owns, operates and invests in groups of infrastructure businesses including bulk liquid terminals, International-Matex Tank Terminals, airport services, Atlantic Aviation, a gas processing and distribution business and Hawaii Gas. Macquarie has a market cap of $6.38 billion. Its shares traded at a price of $77.99 with a price-earnings (P/E) ratio of 54.01Â as of Feb. 3.
Net income for the third quarter of 2016 was $42.5 million, up from $8.3 million in the third quarter of 2015.
Four other insiders invested in the company on Feb. 3 – Chief Financial Officer (CFO) Liam Stewart bought 2,500 shares, Vice President Jay Davis bought 1,000 shares, Director Martin Stanley bought 4,000 shares, and General Counsel and Secretary Michael Kernan bought 1,000 shares – all for $74.15 per share. The stock price has increased by 5.18% since.
OPKO Health CEO bought 49,000 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 49,000 shares for $8.58Â last week.
OPKO is a biopharmaceutical and diagnostics company. It is engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $4.8 billion. Its shares traded at $8.61 with a P/E ratio of 36.03Â as of Feb.3.
Consolidated revenues for the three months ended Sept. 30, 2016 increased to $298.0 million from $143.0 million for the comparable period in 2015. Net loss for the quarter was $15.0 million compared with net income of $128.2 million for the 2015 period.
Frost bought 12,000 shares for $8.67 per share on Jan. 27; 10,000 shares for $8.49 per share on Jan. 30; 12,000 shares for $8.6 per share on Jan. 31; and 9,000 shares for $8.59 per share on Feb. 1. Frost bought 6,000 shares for $8.53 on Feb. 2. The stock price has increased by 0.94% since.
First Bancorp CEO bought 3,330 shares
First Bancorp (FBNC, Financial) CEO Richard H. Moore bought 3,330 shares at a price of $30 per share on Feb. 3. The stock price has increased by 2% since.
First Bancorp is a bank holding company that offers deposit products such as checking, savings and money market accounts as well as time deposits including various types of certificates of deposits and individual retirement accounts. The company has a market cap of $637.84 million. Its shares traded at $30.60 with a P/E ratio of 24.32Â as of Feb. 3.
Net income for the fourth quarter of 2016 was $23.9 million compared to $24.1 million for the third quarter of 2016.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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