Weekly CEO Buys Highlight: TSLA, TRIO, BXMT, FSC, CSV

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Jun 03, 2013

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:

Tesla Motors Inc. (TSLA, Financial): CEO, 10% Owner Elon Musk Bought 1,084,129 Shares

CEO and 10% Owner of Tesla Motors Inc. (TSLA) Elon Musk bought 1,084,129 shares on 05/30/2013 at an average price of $97.76. Tesla Motors Inc, was incorporated in the state of Delaware on July 1, 2003. Tesla Motors Inc. has a market cap of $12.13 billion; its shares were traded at around $97.76 with and P/S ratio of 11.61.

Tesla Motors recently announced its first quarter 2013 financial results. The company reported record sales of $562 million, up 83% from results as of the first quarter of 2012.

John Burbank owns 63,020 shares as of 03/31/2013, an increase of 262.18% from the previous quarter. This position accounts for 0.095% of the $2.51 billion portfolio of Passport Capital. Ron Baron owns 106,693 shares as of 03/31/2013, a decrease of 20.14% of from the previous quarter. This position accounts for 0.022% of the $18.31 billion portfolio of Baron Funds.

CFO Deepak Ahuja sold 20,000 shares of TSLA stock on 04/01/2013 at the average price of $42.82. Deepak Ahuja owns at least 1,974 shares after this. Other insiders have also decreased their positions in the company.

Trio Merger Corp (TRIO, Financial): Chairman and CEO, 10% Owner Eric Rosenfeld Bought 100,000 Shares



Chairman and CEO, 10% Owner of Trio Merger Corp (TRIO) Eric Rosenfeld bought 100,000 shares on 05/28/2013 at an average price of $10.02. Trio Merger Corp. is a blank check company organized under the laws of the State of Delaware on February 2, 2011. Trio Merger Corp has a market cap of $78.8891 million; its shares were traded at around $10.02 .

Blackstone Mortgage Trust Inc. (BXMT, Financial): President & CEO Stephen D. Plavin Bought 19,608 Shares



President & CEO of Blackstone Mortgage Trust Inc. (BXMT) Stephen D. Plavin bought 19,608 shares on 05/29/2013 at an average price of $26.37. Blackstone Mortgage Trust, Inc. has a market cap of $80.4829 million; its shares were traded at around $26.37 with a P/E ratio of 0.61 and P/S ratio of 1.28.

Blackstone recently announced its first quarter 2013 financial results. Stockholders’ equity increased to $76.1 million, or $25.21 per share, as of March 31, 2013.

Director Michael B. Nash bought 29,264 shares of BXMT stock on 05/29/2013 at the average price of $25.5. Michael B. Nash owns at least 29,264 shares after this. The price of the stock has increased by 3.41% since.

Fifth Street Finance Corporation (FSC, Financial): CEO Leonard M. Tannenbaum Bought 25,000 Shares

CEO of Fifth Street Finance Corporation (FSC) Leonard M. Tannenbaum bought 25,000 shares on 05/29/2013 at an average price of $10.50. Fifth Street Finance Corp. is a Delaware Corporation. Fifth Street Finance Corporation has a market cap of $1.28 billion; its shares were traded at around $10.50 with a P/E ratio of 10.60 and P/S ratio of 6.41. The dividend yield of Fifth Street Finance Corporation stocks is 10.95%. Fifth Street Finance Corporation had an annual average earnings growth of 36.7% over the past five years.

FSC recently reported its first quarter 2013 financial results. Net investment income for the quarter ended March 31, 2013, was $29.3 million or $0.28 per share, as compared to $22.8 million or $0.29 per share for the quarter ended March 31, 2012.

David Einhorn owns 1,998,692 shares as of 03/31/2013, which accounts for 0.34% of the $6.55 billion portfolio of Greenlight Capital. Whitney Tilson sold out his holdings in the quarter that ended on 03/31/2013.

President & Secretary Bernard D. Berman bought 1,000 shares of FSC stock on 05/23/2013 at the average price of $10.47. Bernard D. Berman owns at least 19,968 shares after this. The price of the stock has increased by 0.29% since. Other insiders have also increased their positions in the company.

Carriage Services Inc. (CSV, Financial): CEO Melvin C. Payne Bought 15,000 Shares

CEO of Carriage Services Inc. (CSV) Melvin C. Payne bought 15,000 shares on 05/24/2013 at an average price of $18.93. Carriage Services Inc. was incorporated in the state of Delaware in December of 1993. Carriage Services Inc. has a market cap of $356.341 million; its shares were traded at around $18.93 with a P/E ratio of 27.93 and P/S ratio of 1.64. The dividend yield of Carriage Services Inc. stocks is 0.53%. Carriage Services Inc. had an annual average earnings growth of 7.2% over the past five years.

Carriage Services recently announced its first quarter 2013 financial results. Mel Payne, chief executive officer, stated, "Our first quarter performance continued our trend of record quarterly results, as we achieved strong revenue growth of 13.2% to a record $58.1 million, adjusted basic earnings per share growth of 21.4% to a record $0.34 per share, and Free Cash Flow growth of 314% to a record $9.1 million.”

Regional Partner Paul Donald Elliott bought 3,000 shares of CSV stock on 05/14/2013 at the average price of $17.27. Paul Donald Elliott owns at least 15,825 shares after this. The price of the stock has increased by 9.61% since.