Weekly CEO Buys Highlight: KMI, PSEC, ACRE, GOGO, MDU

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Jul 01, 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:



Kinder Morgan Inc. (KMI, Financial): Chairman & CEO, 10% Owner Richard D Kinder Bought 500,000 Shares



Chairman & CEO, 10% Owner of Kinder Morgan, Inc. (KMI) Richard D Kinder bought 500,000 shares on 06/24/2013 at an average price of $38.15. Kinder Morgan, Inc. was formed in Delaware in August 1992. Kinder Morgan, Inc. has a market cap of $38.79 billion; its shares were traded at around $38.15 with a P/E ratio of 55.40 and P/S ratio of 4.07. The dividend yield of Kinder Morgan, Inc. stocks is 3.90%.

Leon Cooperman owns 5,042,659 shares as of 03/31/2013, which accounts for 3% of the $6.46 billion portfolio of Omega Advisors. Steve Mandel owns 13,817,738 shares as of 03/31/2013, which accounts for 2.8% of the $19.27 billion portfolio of Lone Pine Capital. John Burbank owns 2,540,980 shares as of 03/31/2013, which accounts for 3.9% of the $2.51 billion portfolio of Passport Capital.

Director, Senior Officer Stanislaw Piotr Szary, sold 100,000 shares of KMI stock on 02/19/2013 at the average price of $0.02.

Prospect Capital Corporation (PSEC, Financial): CEO John F Barry Bought 96,000 Shares

CEO of Prospect Capital Corporation (PSEC) John F Barry bought 96,000 shares on 06/20/2013 at an average price of $10.80. Prospect Capital Corporation was incorporated in the State of Maryland. Prospect Capital Corporation has a market cap of $2.62 billion; its shares were traded at around $10.80 with a P/E ratio of 10.98 and P/S ratio of 3.73. The dividend yield of Prospect Capital Corporation stocks is 11.84%.

Prospect recently announced that the company has increased its estimate of net investment income for the current June 2013 quarter to $0.31 to $0.35 per share. Based on the closing stock price as of June 11, 2013, this estimate represents an annualized net investment income yield of 12.2% to 13.8%.

David Dreman bought 786,381 shares in the quarter that ended on 03/31/2013, which is 0.23% of the $3.79 billion portfolio of Dreman Value Management. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2013.

CFO,CCO,Treasury and Secretary Brian H Oswald bought 21,700 shares of PSEC stock on 06/20/2013 at the average price of $10.45. Brian H Oswald owns at least 91,700 shares after this. The price of the stock has increased by 3.35% since.

Ares Commercial Real Estate Corp (ACRE, Financial): Co-CEO Todd Schuster Bought 30,000 Shares

Co-CEO of Ares Commercial Real Estate Corp (ACRE) Todd Schuster bought 30,000 shares on 06/20/2013 at an average price of $12.90. Ares Commercial Real Estate Corporation was organized as a Maryland corporation on September 1, 2011. Ares Commercial Real Estate Corp has a market cap of $120.2 million; its shares were traded at around $12.90 with a P/E ratio of 177.90 and P/S ratio of 7.50. The dividend yield of Ares Commercial Real Estate Corp stocks is 6.20%.

Vice Pres. and General Counsel Michael D Weiner bought 11,111 shares of ACRE stock on 06/20/2013 at the average price of $13.5. Michael D Weiner owns at least 11,111 shares after this. The price of the stock has decreased by 4.44% since.

Gogo Inc. (GOGO, Financial): President & CEO Michael Small Bought 20,000 Shares

President & CEO of Gogo Inc. (GOGO) Michael Small bought 20,000 shares on 06/26/2013 at an average price of $13.99. Gogo Inc. has a market cap of $1.19 billion; its shares were traded at around $13.99 with and P/S ratio of 3.80.

Gogo became a publicly traded company on June 21, 2013. The company's 11 million shares were expected to trade at $17 per share at the company's IPO.

SVP Strategy and Op Mgmt Jonathan B. Cobin bought 1,000 shares of GOGO stock on 06/26/2013 at the average price of $17. Jonathan B. Cobin owns at least 3,716 shares after this. The price of the stock has decreased by 17.71% since.

MDU Resources Group Inc. (MDU, Financial): Pres. & CEO-MDU Resources David L. Goodin Bought 5,000 Shares

President and CEO-MDU Resources of MDU Resources Group Inc. (MDU) David L. Goodin bought 5,000 shares on 06/20/2013 at an average price of $25.92. MDU Resources Group Inc was incorporated under the laws of the state of Delaware in 1924. Mdu Resources Group Inc has a market cap of $4.93 billion; its shares were traded at around $25.92 with a P/E ratio of 833.33 and P/S ratio of 1.18. The dividend yield of Mdu Resources Group Inc stocks is 2.64%.

MDU recently reported its financial results for the first quarter of 2013. The company announced consolidated earnings of $56.3 million, or 30 cents per share. This is up from 19 cents per share in the first quarter of 2012.

Mario Gabelli owns 10,125 shares as of 03/31/2013, which accounts for 0.0016% of the $15.63 billion portfolio of GAMCO Investors.

VP and CFO Doran N. Schwartz bought 3,000 shares of MDU stock on 06/21/2013 at the average price of $24.52. Doran N. Schwartz owns at least 28,349 shares after this. The price of the stock has increased by 5.71% since.