Weekly CEO Buys Highlight: FSIC, NLY, OPK, GPC, ACXM

Author's Avatar
Aug 18, 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:

FS Investment Corp (FSIC, Financial): CEO Michael C. Forman Bought 160,409 Shares

CEO of FS Investment Corp (FSIC, Financial) Michael Forman bought 160,409 shares during the past week at an average price of $10.25. Fs Investment Corp has a market cap of $2.69 billion; its shares were traded at around $10.25 with a P/E ratio of 31.90 and P/S ratio of 6.28. The dividend yield of Fs Investment Corp stocks is 2.90%.

FSIC recently reported its second quarter 2014 financial results. The company announced net earnings of $0.27 per share for the quarter ended June 30, 2014, compared to $0.18 per share for the quarter ended June 30, 2013.

Director David Adelman bought 3,700 shares of FSIC stock on Aug. 13 at the average price of 10.35. David J. Adelman owns at least 34,063 shares after this. The price of the stock has decreased by 0.97% since.

Annaly Capital Management Inc (NLY, Financial): Chairman of Board & CEO Wellington Denahan Bought 86,837 Shares

Chairman of Board & CEO of Annaly Capital Management Inc (NLY, Financial) Wellington Denahan bought 86,837 shares on Aug. 13 at an average price of $11.76. Annaly Capital Management, Inc., is a Maryland corporation that commenced operations on February 18, 1997. Annaly Capital Management Inc has a market cap of $11.14 billion; its shares were traded at around $11.76 with a P/E ratio of 19.80 and P/S ratio of 12.66. The dividend yield of Annaly Capital Management Inc stocks is 10.63%. Annaly Capital Management Inc had an annual average earnings growth of 0.80% over the past 10 years.

Ronald Muhlenkamp (Trades, Portfolio) owns 257,065 shares as of June 30, which accounts for 0.52% of the $567 million portfolio of Muhlenkamp & Co Inc. Chuck Akre (Trades, Portfolio) owns 50,044 shares as of 06/30/2014, which accounts for 0.017% of the $3.44 billion portfolio of Akre Capital Management, LLC. Third Avenue Management (Trades, Portfolio) owns 13,215 shares as of June 30, which accounts for 0.0029% of the $5.18 billion portfolio of Third Avenue Management (Trades, Portfolio). Ken Fisher (Trades, Portfolio) sold out his holdings in the quarter that ended on 06/30/2014.

Chief Legal Officer R Nicholas Singh bought 122,784 shares of NLY stock on Aug. 8 at the average price of 11.46. Nicholas Singh owns at least 1,150 shares after this. The price of the stock has increased by 2.62% since.

Opko Health Inc (OPK, Financial): CEO & Chairman, 10% Owner Phillip Frost Bought 82,300 Shares

CEO & Chairman, 10% Owner of Opko Health Inc (OPK, Financial) Phillip Md Et Al Frost bought 82,300 shares during the past week at an average price of $9.08. 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 $3.9 billion; its shares were traded at around $9.08 with and P/S ratio of 41.67. Opko Health Inc had an annual average earnings growth of 5.40% over the past 10 years.

Mario Gabelli (Trades, Portfolio) owns 15,000 shares as of June 30, which accounts for 0.0007% of the $19.12 billion portfolio of GAMCO Investors. George Soros (Trades, Portfolio) owns 235,600 shares as of June 30, a decrease of 84.24% of from the previous quarter. This position accounts for 0.016% of the $13.27 billion portfolio of Soros Fund Management LLC.

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 13.08% since.

Genuine Parts Co (GPC, Financial): CEO Thomas Gallagher Bought 5,000 Shares

CEO of Genuine Parts Co (GPC, Financial) Thomas Gallagher bought 5,000 shares on 08/13/2014 at an average price of $85.12. Genuine Parts Company is a Georgia corporation incorporated on May 7, 1928. Genuine Parts Co has a market cap of $13.03 billion; its shares were traded at around $85.12 with a P/E ratio of 19.20 and P/S ratio of 0.90. The dividend yield of Genuine Parts Co stocks is 2.61%. Genuine Parts Co had an annual average earnings growth of 6.60% over the past 10 years. GuruFocus rated Genuine Parts Co the business predictability rank of 5-star.

For the six months ended June 30, 2014, sales totaled $7.5 billion, up 10% compared to the same period in 2013. Net income for the six months was $355.2 million compared to $360.7 million recorded in the previous year. Earnings per share on a diluted basis were $2.30 compared to $2.31 for the same period last year.

Mario Gabelli (Trades, Portfolio) owns 2,665,202 shares as of June 30, which accounts for 1.2% of the $19.12 billion portfolio of GAMCO Investors. Brian Rogers (Trades, Portfolio) owns 1,956,000 shares as of 06/30/2014, which accounts for 0.6% of the $28.46 billion portfolio of T Rowe Price Equity Income Fund. Meridian Funds (Trades, Portfolio) owns 7,785 shares as of 06/30/2013, which accounts for 0.023% of the $2.68 billion portfolio of Meridian Fund. Dodge & Cox owns 32,662 shares as of 06/30/2014, which accounts for 0.0027% of the $104.87 billion portfolio of Dodge & Cox.

Acxiom Corp (ACXM, Financial): CEO Scott Howe Bought 20,000 Shares

CEO of Acxiom Corp (ACXM, Financial) Scott E Howe bought 20,000 shares on Aug. 15 at an average price of $17.78. Acxiom Corporation was founded in 1969. The Company is an enterprise data, analytics and software-as-a-service company. Acxiom Corp has a market cap of $1.37 billion; its shares were traded at around $17.78 with and P/S ratio of 1.27.

Joel Greenblatt (Trades, Portfolio) owns 1,119,622 shares as of 06/30/2014, an increase of 930.33% from the previous quarter. This position accounts for 0.3% of the $7.99 billion portfolio of Gotham Asset Management, LLC. Mariko Gordon (Trades, Portfolio) owns 3,117,013 shares as of 06/30/2014, an increase of 17.72% from the previous quarter. This position accounts for 2.8% of the $2.44 billion portfolio of Daruma Capital Management.