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 on Feb. 3 for $74.15 per share. The stock price has increased by 8% since.
Macquarie owns, operates and invests in groups of infrastructure businesses including bulk liquid terminals, International-Matex Tank Terminals, airport services, Atlantic Aviation and Hawaii Gas. Macquarie has a market cap of $6.55 billion. As of Feb. 10 its shares traded at $80.08 with a price-earnings (P/E) ratio of 55.46.
Net income for the third quarter of 2016 was $42.5 million, up from $8.3 million in the third quarter of 2015.
Chief Financial Officer (CFO) Liam Stewart bought 2,500 shares for $74.15 per share on Feb. 3. The stock price has increased by 8% since.
Four insiders invested in the company on Feb. 3 – 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.
OPKO Health CEO bought 51,600 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 57,600 shares during the past week.
Frost bought 6,000 shares for $8.53 per share on Feb. 2; 20,600 shares for $8.32 per share on Feb. 6; 5,400 shares for $8.27 per share on Feb. 7; and 15,600 shares for $8.13 per share on Feb. 8. Frost also bought 10,000 shares for $8.07 per share on Feb. 9.
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 $4.58 billion. Its shares traded at $8.22 with a P/E ratio of 364.39 as of Feb. 10.
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.
Executive Vice President-Administration Steven D. Rubin bought 2,000 shares for $8.11 per share on Feb. 8. The stock price has increased by 1.36% since.
New Residential Investment CEO bought 18,600 shares
New Residential Investment Corp. (NRZ, Financial) Chairman, CEO and President Michael Nierenberg bought 18,600 shares for $15 per share on Feb 3. The stock price has increased by 6% since.
New Residential Investment is a real estate investment trust that invests in residential mortgage related assets. The company has a market cap of $4.77 billion. Its shares traded at $15.90 with a P/E ratio of 9.71Â as of Feb. 10.
New Residential Investment announced that it priced its public offering of 49,170,250 shares of its common stock at $15.00 per share. The offering closed on Feb. 3.
Lannett CEO bought 10,000 shares
Lannett Co. Inc. (LCI, Financial) CEO Arthur P. Bedrosian bought 10,000 shares for $20 per share on Feb. 6. The stock price has increased by 6.5% since.
Lannett develops, manufactures, packages, markets and distributes generic versions of branded pharmaceutical products. Its products include solid oral dosage forms including oral solutions, nasal, topicals or parentarels. The company has a market cap of $784.66 million. Its shares traded at $21.30 Â per share with a P/E ratio of -43.74Â as of Feb. 10.
Net sales for the second quarter of fiscal 2017 increased 35% to $170.9 million from $127.1 million for the second quarter of fiscal 2016. Gross profit was $88.1 million compared with $71.6 million.
DeVry Education Group CEO bought 6,200 shares
DeVry Education Group Inc. (DV, Financial) President and CEO Lisa W. Wardell bought 6,200 shares in two transactions on Feb. 6.
Wardell bought 3,100 shares for $25.88 per share, then bought 3,100 shares for $33.26 per share. The stock price has decreased by 3.04% since.
DeVry is a provider of educational services. It offers programs in business, health care, accounting, finance, law and technology. It serves students in postsecondary education. The company has a market cap of $2.02 billion. Its shares traded at $32.25 with a P/E ratio of 125.00Â as of Feb. 10.
For the complete list of stocks that were 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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