Weekly CEO Buys Highlight: FFIN, STEC, MPO, PACB, TPGI

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Nov 25, 2012
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:





First Financial Bankshares Inc. (FFIN, Financial): Chairman, President and CEO F. Scott Dueser Bought 132,977 Shares


Chairman, president and CEO of First Financial Bankshares Inc. (FFIN) F. Scott Dueser bought 132,977 shares on 11/16/2012 at an average price of $37.47. First Financial Bankshares Inc. is a registered multi-bank holding company. First Financial Bankshares Inc. has a market cap of $1.11 billion; its shares were traded at around $37.47 with a P/E ratio of 15.2 and P/S ratio of 5.3. The dividend yield of First Financial Bankshares Inc. stocks is 2.8%. First Financial Bankshares Inc. had an annual average earnings growth of 6.9% over the past 10 years.

Director Murray Hamilton Edwards bought 618 shares of FFIN stock on 6/5/2012 at the average price of $30.85. Murray Hamilton Edwards owns at least 71,965 shares after this. The price of the stock has increased by 21.46% since. There are mixed trades from other insiders.

STEC, Inc. (STEC, Financial): President and CEO Mehrdad Moshayedi Bought 137,664 Shares

President and CEO of STEC, Inc. (STEC) Mehrdad Moshayedi bought 137,664 shares on 11/21/2012 at an average price of $4.71. Simple Technology is a technology solutions provider offering products based on dynamic random access memory, or DRAM, static random access memory, or SRAM, and flash memory technologies. STEC has a market cap of $192.8 million; its shares were traded at around $4.71 with a P/S ratio of 0.6. STEC had an annual average earnings growth of 19.1% over the past five years.

STEC recently announced its financial results for the third quarter ended Sept. 30, 2012. Revenue for the third quarter of 2012 was $42.1 million, a decrease of 41.9% from $72.5 million for the third quarter of 2011 and an increase of 3.4% from $40.7 million for the second quarter of 2012.

Joel Greenblatt owns 290,969 shares as of 9/30/2012, which accounts for 0.13% of the $1.5 billion portfolio of Gotham Capital.

Moshayedi bought 137,665 shares of STEC stock on 11/21/2012 at the average price of $4.31. Moshayedi owns at least 2,453,742 shares after this. The price of the stock has increased by 9.28% since.

Midstates Petroleum Co. Inc. (MPO, Financial): President and CEO John A. Crum Bought 100,000 Shares

President and CEO of Midstates Petroleum Co. Inc. (MPO) John A. Crum bought 100,000 shares during the past week at an average price of $6.26. Midstates Petroleum Company Inc. is engaged in the exploration and development of oil and natural gas properties in central Louisiana. Midstates Petroleum Co. Inc. has a market cap of $353.1 million; its shares were traded at around $6.26 with and P/S ratio of 1.7.

MPO recently reported its third quarter 2012 financial results. The company reported a net loss of $17.8 million, or $0.27 per share, for the third quarter of 2012 as compared to net income of $48.5 million for the third quarter of 2011. The net loss for the third quarter of 2012 includes unrealized losses on derivatives of $29.6 million as well as a non-cash tax benefit of $11.6 million.

Vice President of Midstream James R. Hart bought 6,000 shares of MPO stock on 11/15/2012 at the average price of $5.08. Hart owns at least 108,599 shares after this. The price of the stock has increased by 23.23% since. Other insiders have also increased their positions in the company.

Pacific Biosciences of California Inc. (PACB, Financial): Chairman, CEO and President Michael Hunkapiller Bought 417,300 Shares

Chairman, CEO and president of Pacific Biosciences of California Inc. (PACB) Michael Hunkapiller bought 417,300 shares during the past week at an average price of $1.45. Pacific Biosciences of California Inc. is engaged in the development, manufacture and commercialization of its single molecule, real-time, or SMRT technology-an integrated platform for genetic analysis. Pacific Biosciences of California Inc. has a market cap of $66.3 million; its shares were traded at around $1.45 with a P/S ratio of 1.9.

PACB recently announced its third quarter 2012 financial results. Revenue for the third quarter of 2012 totaled $2.8 million compared to revenue of $7.3 million for the second quarter of 2012. Net loss for the quarter was $22.7 million compared to the $22.5 million net loss during the second quarter of 2012.

Lee Ainslie owns 3,531,953 shares as of 9/30/2012, which accounts for 0.086% of the $7.55 billion portfolio of Maverick Capital. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 9/30/2012.

Thomas Properties Group Inc. (TPGI, Financial): Chairman, President and CEO James A. Thomas Bought 77,700 Shares

Chairman, President & CEO of Thomas Properties Group, Inc. (TPGI) James A Thomas bought 77,700 shares during the past week at an average price of $5.79. Thomas Properties Group, Inc. is a real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. Thomas Properties Group Inc. has a market cap of $252.5 million; its shares were traded at around $5.79 with a P/E ratio of 91.5 and P/S ratio of 2.7. The dividend yield of Thomas Properties Group Inc. stocks is 1.5%.

TPGI recently announced its third quarter 2012 financial results. The consolidated net loss for the three months ended Sept. 30, 2012 was $4.1 million or $0.09 per share compared to consolidated net income of $2.1 million or $0.06 per share for the three months ended Sept. 30, 2011.

Third Avenue Management owns 7,667,279 shares as of 9/30/2012, which accounts for 1% of the $4.4 billion portfolio of Third Avenue Management. Arnold Schneider owns 347,667 shares as of 9/30/2012, which accounts for 0.19% of the $1.09 billion portfolio of Schneider Capital Management.

Co-COO John R. Sischo sold 3,000 shares of TPGI stock on 11/16/2012 at the average price of 5.5. Sischo owns at least 289,783 shares after this. The price of the stock has increased by 5.27% since. Other insiders have also decreased their positions in the company.