Weekly CEO Buys Highlight: ENH, JRVR, RM, RYN, CLMS

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Dec 22, 2014
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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:

Endurance Specialty Holdings Ltd (ENH, Financial): Chmn & CEO John Charman Bought 150,000 Shares

Chmn & CEO of Endurance Specialty Holdings Ltd (ENH) John Charman bought 150,000 shares during the past week at an average price of $58.81. Endurance Specialty Holdings Ltd was organized on June 27, 2002 under the laws of Bermuda to act as a holding company of providers of property and casualty insurance and reinsurance. Endurance Specialty Holdings Ltd has a market cap of $2.63 billion; its shares were traded at around $58.81 with a P/E ratio of 8.30 and P/S ratio of 1.20. The dividend yield of Endurance Specialty Holdings Ltd stocks is 2.30%.

Endurance Specialty Holdings recently reported net income available to common shareholders of $68.0 million and $1.52 per diluted common share for the third quarter of 2014 versus net income of $75.2 million and $1.70 per diluted common share for the third quarter of 2013.

Richard Pzena (Trades, Portfolio) owns 536,224 shares as of 09/30/2014, an increase of 26.9% from the previous quarter. This position accounts for 0.16% of the $18.29 billion portfolio of Pzena Investment Management LLC. Joel Greenblatt (Trades, Portfolio) owns 5,858 shares as of 09/30/2014, which accounts for 0.0032% of the $10.05 billion portfolio of Gotham Asset Management, LLC.

Chmn & CEO John Charman bought 90,000 shares of ENH stock on 12/18/2014 at the average price of 57.45. John Charman owns at least 672,033 shares after this. The price of the stock has increased by 2.37% since.

James River Group Holdings Ltd (JRVR, Financial): Chairman of the Board and CEO J Adam Abram Bought 238,095 Shares

Chairman of the Board and CEO of James River Group Holdings Ltd (JRVR) J Adam Abram bought 238,095 shares on 12/17/2014 at an average price of $22.91. James River Group Holdings Ltd has a market cap of $653.900 million; its shares were traded at around $22.91 with a P/E ratio of 9.80.

Regional Management Corp (RM, Financial): CEO Michael R Dunn Bought 150,000 Shares

CEO of Regional Management Corp (RM) Michael R Dunn bought 150,000 shares during the past week at an average price of $15.67. Regional Management Corp., was incorporated in South Carolina on March 25, 1987, and converted into a Delaware corporation on August 23, 2011. Regional Management Corp has a market cap of $199.600 million; its shares were traded at around $15.67 with a P/E ratio of 10.30 and P/S ratio of 1.10. Regional Management Corp had an annual average earnings growth of 20.80% over the past 5 years.

Regional Management Corp. recently announced results for the third quarter and nine-month period ended September 30, 2014. Total third quarter 2014 revenue was $53.9 million, a 21.7% increase from the prior-year period. Same-store revenue growth for the third quarter of 2014 was 14.7%.

Ron Baron (Trades, Portfolio) bought 37,400 shares in the quarter that ended on 09/30/2014, which is 0.0028% of the $24.14 billion portfolio of Baron Funds.

EVP and CFO Donald E. Thomas bought 4,000 shares of RM stock on 12/15/2014 at the average price of 13.08. Donald E. Thomas owns at least 8,000 shares after this. The price of the stock has increased by 19.8% since.

Rayonier Inc (RYN, Financial): CEO David L Nunes Bought 40,000 Shares

CEO of Rayonier Inc (RYN) David L Nunes bought 40,000 shares on 12/16/2014 at an average price of $27.99. Rayonier Inc is originated as the Rainier Pulp & Paper Company founded in Shelton, WA in 1926. Rayonier Inc has a market cap of $3.55 billion; its shares were traded at around $27.99 with a P/E ratio of 21.20 and P/S ratio of 1.80. The dividend yield of Rayonier Inc stocks is 5.40%. Rayonier Inc had an annual average earnings growth of 5.10% over the past 10 years.

Rayonier reported third quarter net income attributable to Rayonier of $33 million, or $0.25 per share, compared to $57 million, or $0.44 per share, in the prior year period. Rayonier’s third quarter net income was unfavorably impacted by $2.6 million due to a cumulative adjustment for an out-of-period error in depletion expense.

Mason Hawkins (Trades, Portfolio) owns 7,726,521 shares as of 09/30/2014, an increase of 475.79% from the previous quarter. This position accounts for 1.3% of the $18.33 billion portfolio of Southeastern Asset Management. Jean-Marie Eveillard (Trades, Portfolio) owns 4,180,914 shares as of 09/30/2014, which accounts for 0.32% of the $40.29 billion portfolio of First Eagle Investment Management, LLC. Third Avenue Management (Trades, Portfolio) owns 553,871 shares as of 09/30/2014, which accounts for 0.36% of the $4.77 billion portfolio of Third Avenue Management (Trades, Portfolio).

Calamos Asset Management Inc (CLMS, Financial): Chairman, CEO, Global Co-CIO, 10% Owner John P Sr Calamos Bought 45,061 Shares

Chairman, CEO, Global Co-CIO, 10% Owner of Calamos Asset Management Inc (CLMS) John P Sr Calamos bought 45,061 shares during the past week at an average price of $13.07. Calamos Asset Management Inc is a Delaware corporation, incorporated on July 23, 2004. Calamos Asset Management Inc has a market cap of $268.400 million; its shares were traded at around $13.07 with a P/E ratio of 12.90 and P/S ratio of 1.00. The dividend yield of Calamos Asset Management Inc stocks is 4.20%.

Mario Gabelli (Trades, Portfolio) owns 161,000 shares as of 09/30/2014, which accounts for 0.0098% of the $18.59 billion portfolio of GAMCO Investors.

SVP & CFO Nimish S Bhatt bought 416 shares of CLMS stock on 11/21/2014 at the average price of 13.8. Nimish S Bhatt owns at least 99,689 shares after this. The price of the stock has decreased by 5.29% since.