Weekly CEO Buys Highlight: GKK, FSBK

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:





Gramercy Capital Corporation (GKK, Financial): CEO Gordon F. Dugan Bought 50,000 Shares


CEO of Gramercy Capital Corporation (GKK) Gordon F. Dugan bought 50,000 shares on 03/22/2013 at an average price of $5.21. Gramercy Capital Corp was formed in April 2004 and commenced operations upon the completion of its initial public offering in August 2004. Gramercy Capital Corporation has a market cap of $316.4 million; its shares were traded at around $5.21 with a P/E ratio of 1 and P/S ratio of 7.4.

GKK recently reported its fourth quarter and full year 2012 financial results. For the quarter, net income (loss) to common stockholders from continuing operations was $(5.0) million, or $(0.09) per common share, an increase from $(11.4) million, or $(0.22) per common share, for the same quarter in the previous year. For the full year, net income (loss) to common stockholders from continuing operations was $(25.5) million, or $(0.49) per common share, as compared to $(28.1) million, or $(0.55) per common share, in the previous year.

Whitney Tilson bought 32,068 shares in the quarter that ended on 12/31/2012, which is 0.077% of the $123 million portfolio of T2 Partners Management LP.

Director William H. Lenehan bought 19,500 shares of GKK stock on 11/19/2012 at the average price of $2.67. William H. Lenehan owns at least 60,720 shares after this. The price of the stock has increased by 95.13% since.

First South Bancorp Inc. (FSBK, Financial): President and CEO Bruce W. Elder Bought 3,500 Shares

President and CEO of First South Bancorp Inc. (FSBK) Bruce W Elder bought 3,500 shares on 03/25/2013 at an average price of $6.54. First South Bancorp Inc. is a Virginia corporation, incorporated on Jan. 7, 1999. First South Bancorp Inc. has a market cap of $63.8 million; its shares were traded at around $6.54 with a P/E ratio of 27.2 and P/S ratio of 1.5.

First South Bancorp recently reported its fourth quarter 2012 financial results. For the quarter ended December 31, 2012, the company’s net loss totaled ($12.9) million, or ($1.32) per diluted common share, compared to the $966,000 of net income, or $0.10 per diluted common share for prior linked quarter; and $441,000, or $0.05 per diluted common share, for the comparative 2011 fourth quarter.

Arnold Schneider owns 17,666 shares as of 12/31/2012, which accounts for 0.0079% of the $1.06 billion portfolio of Schneider Capital Management.

Director Charles E. Parker Jr. bought 500 shares of FSBK stock on 03/27/2013 at the average price of $6.58. Parker owns at least 157,440 shares after this. The price of the stock has decreased by 0.61% since. Other insiders have also increased their position in the company.

For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.