Weekly CEO Buys Highlights

Insiders purchase American Assets, OPKO Health, Inovalon Holdings, RH and NGL Energy Partners

Author's Avatar
Sep 18, 2017
Article's Main Image

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

American Assets Trust CEO bought 47,844 shares

American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President and 10% owner Ernest S. Rady bought 47,844 shares for $40.79 per share in the past week.

Rady bought 46,834 shares on Sept. 8 and 1,010 shares on Sept. 11. The stock price has decreased by 0.51% since.

American Assets is a self-administered real estate investment trust based in the U.S. The company mainly invests in, operates and develops retail, office, residential and mixed-use properties in California, Oregon and Hawaii. The company has a market cap of $2.61 billion. Its shares traded at $40.58 with a price-earnings (P/E) ratio of 61.67 as of Sept. 15.

Net income was $5.5 million for the three months ended June 30.

Vice President Construction and Development Jerry Gammieri sold 277 shares for $40.68 per share on Aug. 31. The stock price has decreased by 0.25% since.

OPKO Health CEO bought 260,000 shares

OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 260,000 shares for $5.98 per share on Sept. 14. The stock price has decreased by 0.17% since.

Frost also bought 1,800 shares for $6.13 per share on Aug. 22; 12,000 shares for $6.13 per share on Aug. 23; 10,000 shares for $6.24 per share on Aug. 24; and 25,000 shares for $6.17 per share on Aug. 25. The stock price has decreased by 3.24% since.

OPKO is a diversified health care company. Its business includes diagnostics and provision of pharmaceutical products. The company has a market cap of $3.34 billion. Its shares traded at $5.97 with a price-earnings (P/E) ratio of -40.34 as of Sept. 15.

Revenue for the three months ending June 30 was $314.2 million.

Inovalon Holdings CEO bought 62,000 shares

Inovalon Holdings Inc. (INOV, Financial) CEO, Chairman and 10% owner Keith R. Dunleavy bought 62,000 shares for $16.38 per share on Sept. 13. The stock price has increased by 2.26% since.

Inovalon is a U.S.-based technology company. It delivers seamless, end-to-end platforms that bring the benefits of big data and large-scale analytics to the point of care. The company has a market cap of $2.442 billion. Its shares traded at $16.75 with a price-earnings (P/E) ratio of 140.76 as of Sept. 15.

Revenue for the second quarter was $110.6 million, compared with $123.8 million for the second quarter of 2016. Net income for the second quarter was $5.5 million compared with $16.3 million for the prior-year period.

RH CEO bought 14,000 shares

RH (RH, Financial) Chairman, CEO and 10% owner Gary G. Friedman bought 14,000 shares for $70.94 per share on Sept. 14. The stock price has increased by 3.33% since.

RH, formerly Restoration Hardware Holdings Inc., is a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, outdoor and garden products. It offers collections through its retail galleries, source books and websites. The company has a market cap of $2.43 billion. Its shares traded at $73.3 with a price-earnings (P/E) ratio of 191.88 as of Sept. 15.

Net income for the second quarter was $19.7 million compared to net income of $17.9 million for the same period last year.

NGL Energy Partners LP CEO bought 75,000 shares

NGL Energy Partners LP (NGL, Financial) CEO H. Michael Krimbill bought 75,000 shares for $8.86 per share on Sept. 11. The stock price has increased by 15.12% since.

NGL Energy Partners purchases propane, butane and other natural gas liquids from refiners, processing plants, producers and other parties and sells the product to retailers, refiners and other participants in the wholesale markets. The company has a market cap of $1.239 billion. Its shares traded at $10.20 with a price-earnings (P/E) ratio of -7.95 as of Sept. 15.

Net loss for the first quarter of fiscal 2018 was $63.7 million, compared to net income of $182.8 million for the prior-year period.

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.