Weekly CEO Buys Highlight: GEO, TRUE, BANC, AEGR, CLMS

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Jun 02, 2014

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:

Geo Group Inc. (GEO, Financial): Chairman and CEO George C. Zoley Bought 100,000 Shares

Chairman and CEO of Geo Group Inc. (GEO, Financial) George C. Zoley bought 100,000 shares on 05/27/2014 at an average price of $34.01. GEO Group Inc. was founded in 1984 as a division of The Wackenhut Corporation, or TWC, and was incorporated in the State of Florida in 1988. GEO Group Inc. has a market cap of $2.47 billion; its shares were traded at around $34.01 with a P/E ratio of 20.30 and P/S ratio of 1.59. The dividend yield of GEO Group Inc. stocks is 6.44%. GEO Group Inc. had an annual average earnings growth of 11.40% over the past 10 years. GuruFocus rated GEO Group Inc. the business predictability rank of 2.5-star.

GEO recently reported its first quarter 2014 financial results. For the first quarter 2014, Normalized Funds from Operations increased to $41.4 million, or $0.58 per diluted share, from $39.2 million, or $0.55 per diluted share, for the first quarter 2013.

Hotchkis & Wiley owns 1,853,124 shares as of 03/31/2014, an increase of 38.57% from the previous quarter. This position accounts for 0.22% of the $26.95 billion portfolio of Hotchkis & Wiley Capital Management LLC.

SVP and CFO Brian Evans sold 2,102 shares of GEO stock on 03/03/2014 at the average price of $32.41. Brian Evans owns at least 35,361 shares after this. The price of the stock has increased by 4.94% since.

TrueCar Inc. (TRUE, Financial): CEO and Chairman of the Board, 10% Owner Scott Painter Bought 100,000 Shares

CEO & Chairman of the Board, 10% Owner of TrueCar Inc. (TRUE, Financial) Scott Painter bought 100,000 shares on 05/29/2014 at an average price of $10.96. TrueCar Inc. has a market cap of $778.579 million; its shares were traded at around $10.96 with and P/S ratio of 4.22.

President John Krafcik bought 9,041 shares of TRUE stock on 05/30/2014 at the average price of 10.89. John Krafcik owns at least 70,594 shares after this. The price of the stock has increased by 0.64% since.

Banc of California Inc. (BANC, Financial): CEO AND Chairman of the Board Steven Sugarman Bought 35,000 Shares

CEO and Chairman of the Board of Banc of California Inc. (BANC, Financial) Steven Sugarman bought 35,000 shares on 05/23/2014 at an average price of $10.90. Banc of California Inc. was incorporated under Maryland law in March 2002. Banc of California Inc. has a market cap of $223.135 million; its shares were traded at around $10.90 with and P/S ratio of 0.78. The dividend yield of Banc of California Inc. stocks is 4.40%.

Chief Administrative Officer Richard Herrin sold 3,816 shares of BANC stock on 12/20/2013 at the average price of $13.69. Richard Herrin owns at least 12,786 shares after this. The price of the stock has decreased by 20.38% since.

Aegerion Pharmaceuticals Inc. (AEGR, Financial): CEO Marc D. Beer Bought 10,000 Shares

CEO of Aegerion Pharmaceuticals Inc. (AEGR, Financial) Marc D. Beer bought 10,000 shares on 05/27/2014 at an average price of $32.85. Aegerion Pharmaceuticals Inc. is a biopharmaceutical company. Aegerion Pharmaceuticals Inc. has a market cap of $968.515 million; its shares were traded at around $32.85 with and P/S ratio of 12.88.

AEGR recently reported its first quarter 2014 financial results. Net product sales for the first-quarter ended March 31, 2014 were $27.0 million, compared with $1.2 million in the first-quarter ended March 31, 2013. 96% of net product sales in the first quarter of 2014 were from the United States business, while 4% came from ex-U.S. countries.

Michael Price (Trades, Portfolio) bought 200,000 shares in the quarter that ended on 03/31/2014, which is 1.1% of the $821 million portfolio of MFP Investors LLC. Andreas Halvorsen (Trades, Portfolio) sold out his holdings in the quarter that ended on 03/31/2014.

CFO Mark J. Fitzpatrick sold 7,500 shares of AEGR stock on 02/10/2014 at the average price of $62.61. Mark J. Fitzpatrick owns at least 5,850 shares after this. The price of the stock has decreased by 47.53% since.

Calamos Asset Management Inc. (CLMS, Financial): Chairman, CEO and Global Co-CIO, 10% Owner John P. Calamos Sr. Bought 24,397 Shares

Chairman, CEO and Global Co-CIO, 10% Owner of Calamos Asset Management Inc. (CLMS, Financial) John P. Calamos Sr. bought 24,397 shares on 05/30/2014 at an average price of $12.45. Calamos Asset Management Inc. is a global asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. Calamos Asset Management Inc. has a market cap of $255.622 million; its shares were traded at around $12.45 with a P/E ratio of 14.10 and P/S ratio of 0.95. The dividend yield of Calamos Asset Management Inc. stocks is 4.02%. Calamos Asset Management Inc. had an annual average earnings growth of 26.70% over the past 10 years.

Mario Gabelli (Trades, Portfolio) owns 161,000 shares as of 03/31/2014, an increase of 27.78% from the previous quarter. This position accounts for 0.011% of the $18.53 billion portfolio of GAMCO Investors.

SVP and CFO Nimish S. Bhatt bought 365 shares of CLMS stock on 05/20/2014 at the average price of $12.25. Nimish S. Bhatt owns at least 98,834 shares after this. The price of the stock has increased by 1.63% since.