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Joy Hu
Joy Hu
Articles (253) 

Weekly CEO Buys Highlight

Details the CEO buys this past week for the following companies: Equitrans Midstream, Cadence Bancorp, FS KKR Capital, Athenex and Willscot

March 24, 2019 | About:

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

Equitrans Midstream CEO bought 250,000 shares

Equitrans Midstream Corp. (NYSE:ETRN) President and CEO Thomas F. Karam bought 250,000 shares on March 21 at a price of $20.47. The price of the stock has decreased by 0.93% since.

The separation of EQT Corporation’s gathering, transmission and storage, and water services operations (Midstream Business) from its natural gas, oil and natural gas liquids development, production and sales and commercial operations (Upstream Business) resulted in the spinoff of a new company named Equitrans Midstream Corporation from EQT. Equitrans Midstream has a market cap of $5.16 billion. Its shares traded at $20.28 with a price-earnings ratio of 23.64 as of March 22.

Net loss was $48 million for the fourth quarter of 2018.

Cadence Bancorp CEO bought 50,000 shares

Cadence Bancorp (NYSE:CADE) Chairman and CEO Paul B. Murphy Jr. bought 50,000 shares on March 15 at a price of $19.93. The price of the stock has decreased by 10.84% since.

Cadence Bancorp is a bank holding company and is the parent company of Cadence Bank, N.A. It offers broad range of banking and wealth management services to businesses, high net worth individuals, business owners and retail customers. The company has a market cap of $2.34 billion. Its shares traded at $17.77 with a price-earnings ratio of 9.02 as of March 22.

Net income for the quarter ended Dec. 31, 2018 was $32.3 million compared to $14.7 million in the fourth quarter of 2017.

Executive Vice President and Chief Financial Officer Valerie Toalson bought 4,984 shares on March 18 at a price of $20.06. The price of the stock has decreased by 11.42% since.

Director Precious W. Owodunni bought 60 shares on March 15 at a price of $19.97. The price of the stock has decreased by 11.02% since.

President and Chief Operating Officer Samuel M. Tortorici bought 50,000 shares on March 15 at a price of $19.9. The price of the stock has decreased by 10.7% since.

Director Scott M. Stuart bought 1,563 shares on March 15 at a price of $20. The price of the stock has decreased by 11.15% since.

Director William B. Harrison Jr. bought 3,188 shares on March 15 at a price of $20. The price of the stock has decreased by 11.15% since.

Director Virginia A. Hepner bought 781 shares on March 15 at a price of $20. The price of the stock has decreased by 11.15% since.

FS KKR Capital CEO bought 89,580 shares

FS KKR Capital Corp. (NYSE:FSK) CEO Michael C. Forman bought 89,580 shares during the past week at the average price of $6.12.

FS KKR Capital is an investment company. Its business objective is to achieve long-term capital appreciation and income by investing in a diverse range of sectors such as capital goods, apparels and financial services. The company has a market cap of $3.17 billion. Its shares traded at $6.04 with a price-earnings ratio of 2.67 as of March 22.

Net investment income for the fourth quarter of 2018 was $53 million compared to $54 million for the prior-year period.

Forman bought 12,700 shares on Feb. 27 at a price of $6.49; 15,415 shares on March 1 at a price of $6.45; 15,082 shares on March 5 at a price of $6.42; 40,480 shares on March 20 at a price of $6.16; and 49,100 shares on March 22 at a price of $6.08. The price of the stock has decreased by 0.66% since.

Athenex CEO bought 45,149 shares

Athenex Inc. (NASDAQ:ATNX) CEO, Chairman of the Board, and 10% Owner Johnson Yiu Nam Lau bought 45,149 shares during the past week at the average price of $12.04.

Athenex is a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer. The company has a market cap of $821.71 million. Its shares traded at $12.26 as of March 22.

Net loss for the fourth quarter of 2018 was $27.1 million compared to a net loss of $28.3 million in the same period of the last year.

Yiu Nam Lau bought 12,000 shares on March 15 at a price of $11.77; 4,000 shares on March 18 at a price of $12.52; 18,649 shares on March 19 at a price of $12.13; 10,500 shares on March 20 at a price of $12; and 1,000 shares on March 21 at a price of $12.57. The price of the stock has decreased by 2.47% since.

Director Sheldon Trainor-Degirolamo sold 45,915 shares on March 13 at a price of $11.77 and 54,085 shares on March 15 at a price of $11.77. The price of the stock has increased by 4.16% since.

Director Song-Yi Zhang sold 120,053 shares on March 13 at a price of $11.88. The price of the stock has increased by 3.2% since.

WillScot CEO bought 35,000 shares

WillScot Corp. (NASDAQ:WSC) President and CEO Bradley Lee Soultz bought 35,000 shares on March 20 at a price of $11.20. The price of the stock has increased by 1.43% since.

WillScot operates in the specialty rental services market, providing modular space and portable storage solutions across North America for construction, education, healthcare, government, retail, commercial, transportation, security and energy sectors. The company has a market cap of $1.32 billion. Its shares traded at $11.36 as of March 22.

Consolidated net loss for the fourth quarter of 2018 was $10.39 million compared to net loss of $125.38 million for the prior-year period.

Director Mark S. Bartlett bought 35,000 shares on March 22 at a price of $11.56. The price of the stock has decreased by 1.73% since.

Director Jeffrey Sagansky bought 20,000 shares on March 21 at a price of $11.69. The price of the stock has decreased by 2.82% since.

Director Gerard E. Holthaus bought 25,000 shares on March 21 at a price of $11.41. The price of the stock has decreased by 0.44% since.

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.


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