Weekly CEO Buys Highlight: APD, MDAS, PNNT, MDU, SRV

Author's Avatar
Feb 23, 2015

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:

Air Products & Chemicals Inc (APD, Financial): Chairman, President and CEO Seifi Ghasemi bought 27,000 shares

Chairman, President and CEO of Air Products & Chemicals Inc (APD, Financial) Seifi Ghasemi bought 27,000 shares on 02/18/2015 at an average price of $156.22. Air Products & Chemicals Inc is a Delaware corporation originally founded in 1940. Air Products & Chemicals Inc has a market cap of $33.78 billion; its shares were traded at around $156.22 with a P/E ratio of 32.80 and P/S ratio of 3.22. The dividend yield of Air Products & Chemicals Inc stocks is 1.95%. Air Products & Chemicals Inc had an annual average earnings growth of 3.50% over the past 10 years. GuruFocus rated Air Products & Chemicals Inc the business predictability rank of 3.5-star.

Air Products & Chemicals recently reported its first quarter fiscal 2015 financial results. The company announced net income of $335 million, up 17 percent versus prior year, and diluted earnings per share (EPS) of $1.55, up 16 percent versus prior year, on a non-GAAP continuing operations basis for its fiscal first quarter ended December 31, 2014.

John Griffin (Trades, Portfolio) bought 1,035,000 shares in the quarter that ended on 12/31/2014, which is 1.8% of the $8.24 billion portfolio of Blue Ridge Capital. Andreas Halvorsen (Trades, Portfolio) owns 5,360,470 shares as of 12/31/2014, an increase of 50.83% from the previous quarter. This position accounts for 3.5% of the $21.78 billion portfolio of Viking Global Investors LP. Chris Davis (Trades, Portfolio) owns 1,754 shares as of 12/31/2014, a decrease of 26.98% of from the previous quarter. This position accounts for 0.0008% of the $30.91 billion portfolio of Davis Selected Advisers.

SR VP and General Counsel John D. Stanley sold 2,756 shares of APD stock on 02/06/2015 at the average price of 151.27. John D. Stanley owns at least 19,133 shares after this. The price of the stock has increased by 3.27% since.

MedAssets Inc (MDAS, Financial): Chairman and CEO R Halsey Wise bought 110,300 shares

Chairman and CEO of MedAssets Inc (MDAS, Financial) R Halsey Wise bought 110,300 shares on 02/19/2015 at an average price of $19.48. MedAssets, Inc., was incorporated in 1999. It is a financial and performance improvement company providing technology-enabled products and services that, together, help mitigate the increasing financial challenges faced by hospitals, health systems, and other non-acute healthcare providers. Medassets Inc has a market cap of $1.19 billion; its shares were traded at around $19.48 with a P/E ratio of 40.20 and P/S ratio of 1.72. Medassets Inc had an annual average earnings growth of 32.90% over the past 5 years.

MedAssets recently reported its fourth quarter 2014 financial results. Total net revenue for the fourth quarter of 2014 increased 16.3% to $198.2 million from $170.5 million for the fourth quarter of 2013. Excluding the contribution from Sg2 (acquired on September 22, 2014), fourth quarter total net revenue growth was 10.0% on a year-over-year basis.

Joel Greenblatt (Trades, Portfolio) owns 58,929 shares as of 12/31/2014, which accounts for 0.0094% of the $12.36 billion portfolio of Gotham Asset Management, LLC. Mario Gabelli (Trades, Portfolio) owns 12,500 shares as of 12/31/2014, which accounts for 0.0013% of the $19.2 billion portfolio of GAMCO Investors.

President, SCM Segment Keith L Thurgood sold 5,681 shares of MDAS stock on 11/26/2014 at the average price of 19.54. Keith L Thurgood owns at least 7,600 shares after this. The price of the stock has decreased by 0.31% since.

Pennant Park Investment Corporation (PNNT, Financial): Chairman and CEO / Investment Arthur H Penn bought 19,000 shares

Chairman and CEO / Investment of Pennant Park Investment Corporation (PNNT, Financial) Arthur H Penn bought 19,000 shares during the past week at an average price of $9.52. PennantPark Investment Corporation, (PennantPark ) a Maryland corporation organized in January, 2007. Pennant Park Investment Corporation has a market cap of $712.632 million; its shares were traded at around $9.52 with a P/E ratio of 12.60 and P/S ratio of 4.31. The dividend yield of Pennant Park Investment Corporation stocks is 11.80%. Pennant Park Investment Corporation had an annual average earnings growth of 43.20% over the past 5 years.

CFO and Treasurer Aviv Efrat bought 12,632 shares of PNNT stock on 02/09/2015 at the average price of 9.54. Aviv Efrat owns at least 58,103 shares after this. The price of the stock has decreased by 0.21% since.

MDU Resources Group Inc (MDU, Financial): President & CEO-MDU Resources David L Goodin bought 5,000 shares

Pres. & CEO-MDU Resources of MDU Resources Group Inc (MDU, Financial) David L Goodin bought 5,000 shares on 02/17/2015 at an average price of $22.66. 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 $4.47 billion; its shares were traded at around $22.66 with a P/E ratio of 14.20 and P/S ratio of 0.93. The dividend yield of MDU Resources Group Inc stocks is 3.11%. MDU Resources Group Inc had an annual average earnings growth of 25.80% over the past 5 years.

MDU recently reported 2014 consolidated GAAP earnings of $297.5 million, or $1.55 per share, compared to $278.2 million, or $1.47 per share, in 2013. Consolidated GAAP earnings in the fourth quarter were $84.1 million, or 43 cents per share, compared to earnings of $91.3 million, or 48 cents per share, in 2013.

John Keeley (Trades, Portfolio) owns 174,750 shares as of 12/31/2014, which accounts for 0.082% of the $5 billion portfolio of Keeley Asset Management Corp. Mario Gabelli (Trades, Portfolio) sold out his holdings in the quarter that ended on 12/31/2014.

VP and CFO Doran N Schwartz bought 1,000 shares of MDU stock on 02/18/2015 at the average price of 21.85. Doran N Schwartz owns at least 35,583 shares after this. The price of the stock has increased by 3.71% since.

Cushing MLP Total Return Fund (SRV, Financial): CEO Jerry V Swank bought 25,000 shares

CEO of Cushing MLP Total Return Fund (SRV, Financial) Jerry V Swank bought 25,000 shares on 02/18/2015 at an average price of $4.34. Cushing MLP Total Return Fund has a market cap of $111.500 million; its shares were traded at around $4.34 . The dividend yield of Cushing MLP Total Return Fund stocks is 9.40%.

CFO and Treasurer John Alban bought 2,000 shares of SRV stock on 02/09/2015 at the average price of 4.38. John Alban owns at least 2,900 shares after this. The price of the stock has decreased by 0.91% since.