Weekly CEO Buys Highlight: OPK, QTET, MIC, FAST, OCRX

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Jul 21, 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:

Opko Health Inc (OPK, Financial): CEO & Chairman, 10% Owner Phillip Md Et Al Frost Bought 106,000 Shares

CEO & Chairman, 10% Owner of Opko Health Inc (OPK, Financial) Phillip Md Et Al Frost bought 106,000 shares during the past week at an average price of $8.62. Opko Health, Inc. was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics, Inc. Opko Health Inc has a market cap of $3.57 billion; its shares were traded at around $8.62 with and P/S ratio of 37.48. Opko Health Inc had an annual average earnings growth of 4.40% over the past 10 years.

Opko recently reported its first quarter 2014 financial results. Net loss attributable to common shareholders increased to $45.1 million for the three months ended March 31, 2014 compared to $34.6 million in the comparable period of 2013. Product revenue for the quarter increased approximately 28% to $19.8 million compared to $15.5 million for the 2013 period.

George Soros (Trades, Portfolio) owns 1,494,800 shares as of 03/31/2014, an increase of 76.98% from the previous quarter. This position accounts for 0.14% of the $10.12 billion portfolio of Soros Fund Management LLC. Mario Gabelli (Trades, Portfolio) owns 15,000 shares as of 03/31/2014, which accounts for 0.0008% of the $18.53 billion portfolio of GAMCO Investors.

Vice Chairman & CTO Jane Ph D Hsiao bought 10,000 shares of OPK stock on 04/15/2014 at the average price of 8.03. Jane Ph D Hsiao owns at least 21,338,212 shares after this. The price of the stock has increased by 7.35% since.

Quartet Merger Corp (QTET, Financial): Chairman and CEO Eric Rosenfeld Bought 50,000 Shares

Chairman and CEO of Quartet Merger Corp (QTET, Financial) Eric Rosenfeld bought 50,000 shares on 07/17/2014 at an average price of $10.01. Quartet Merger Corp has a market cap of $126.958 million; its shares were traded at around $10.01 .

Macquarie Infrastructure Co LLC (MIC, Financial): CEO James Hooke Bought 2,830 Shares

CEO of Macquarie Infrastructure Co LLC (MIC, Financial) James Hooke bought 2,830 shares on 07/17/2014 at an average price of $72.37. Macquarie Infrastructure Company LLC a Delaware limited liability company, was formed on April 13, 2004. Macquarie Infrastructure Co Llc has a market cap of $4.09 billion; its shares were traded at around $72.37 with a P/E ratio of 86.90 and P/S ratio of 3.68. The dividend yield of Macquarie Infrastructure Co Llc stocks is 4.97%. Macquarie Infrastructure Co Llc had an annual average earnings growth of 10.60% over the past 5 years.

John Keeley (Trades, Portfolio) owns 828,030 shares as of 03/31/2014, which accounts for 0.82% of the $5.81 billion portfolio of Keeley Asset Management Corp. Mario Gabelli (Trades, Portfolio) owns 427,545 shares as of 03/31/2014, which accounts for 0.13% of the $18.53 billion portfolio of GAMCO Investors.

Senior Officer Stuart Kendrick Levings, bought 135 shares of MIC stock on 05/23/2014 at the average price of 38.25. Stuart Kendrick Levings, owns at least 1,855 shares after this. The price of the stock has increased by 89.2% since.

Fastenal Co (FAST, Financial): CEO Willard D Oberton Bought 2,000 Shares

CEO of Fastenal Co (FAST, Financial) Willard D Oberton bought 2,000 shares on 07/15/2014 at an average price of $45.36. Fastenal Company was incorporated under the laws of Minnesota in 1968. Fastenal Co has a market cap of $13.46 billion; its shares were traded at around $45.36 with a P/E ratio of 29.20 and P/S ratio of 3.86. The dividend yield of Fastenal Co stocks is 2.20%. Fastenal Co had an annual average earnings growth of 13.20% over the past 10 years. GuruFocus rated Fastenal Co the business predictability rank of 4-star.

Fastenal Co. recently reported its second quarter 2014 financial results. The company annoucned net sales of $949,938 for the quarter, an increase of 12.1% compared to the second quarter of 2013. Net earnings per share was $0.44, compared to $0.41 a year ago.

Ruane Cunniff (Trades, Portfolio) owns 20,822,757 shares as of 03/31/2014, which accounts for 5.5% of the $18.71 billion portfolio of Ruane, Cunniff & Goldfarb Inc. Ron Baron (Trades, Portfolio) owns 4,397,084 shares as of 03/31/2014, which accounts for 0.88% of the $24.55 billion portfolio of Baron Funds.

Director Rita J. Heise bought 1,000 shares of FAST stock on 01/30/2014 at the average price of 44.27. Rita J. Heise owns at least 2,000 shares after this. The price of the stock has increased by 2.46% since.

Ocera Therapeutics Inc (OCRX, Financial): President and CEO Linda S Grais Bought 10,000 Shares

President and CEO of Ocera Therapeutics Inc (OCRX, Financial) Linda S Grais bought 10,000 shares on 07/11/2014 at an average price of $5.63. Ocera Therapeutics Inc is a clinical stage biopharmaceutical company. Ocera Therapeutics Inc has a market cap of $87.499 million; its shares were traded at around $5.63 .

Ocera recently reported its financial results for the first quarter ended March 31, 2014. Net loss for the period was $4.1 million, including net loss from continuing operations of $5.2 million offset by a $1.1 million net income from discontinued operations, compared to a net loss of $0.7 million in the same period of 2013.

Acting CFO & Treasurer Sharon Tetlow bought 3,000 shares of OCRX stock on 07/11/2014 at the average price of 5.83. Sharon Tetlow owns at least 3,000 shares after this. The price of the stock has decreased by 3.43% since.