Weekly CEO Buys Highlight
- By Joy Hu
According to GuruFocus Insider Data, these were the largest CEO buys during the past week. The overall trend of CEO buys is illustrated in the chart below:
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Warning! GuruFocus has detected 6 Warning Signs with QEP. Click here to check it out.
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The intrinsic value of QEP
QEP Resources Inc. (QEP): President and CEO Charles B. Stanley bought 16,763 shares
Stanley bought 16,763 shares on June 30 at a price of $17.65 per share.
QEP Resources was incorporated in Delaware. QEP Resources is a holding company with two subsidiaries engaged in oil and gas exploration. QEP Resources has a market cap of $4.24 billion; as of July 8, its shares traded at $17.73.
QEP Resources reported a net loss of $863.8 million, or $4.55 per diluted share, for the first quarter 2016 compared with a net loss of $55.6 million, or 32 cents per diluted share, for the first quarter 2015.
OPKO Health Inc. (OPK): CEO and Chairman Phillip Frost bought 30,800 shares
Frost bought 30,800 shares during the past week at a price of $9.87 per share.
Opko Health was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics. Opko Health is a biopharmaceutical and diagnostics company. The company is engaged in the research and development of pharmaceutical products and vaccines. Opko Health has a market cap of $5.46 billion; as of July 8, its shares traded at $9.97 with a P/E ratio of 68.29.
Consolidated revenues for the three months ended March 31 increased to $291 million from $30.1 million for the three months ended March 31, 2015. Net loss for the three months ended March 31 was $12 million compared with net loss of $117.1 million for the prior-year quarter.
Korn/Ferry International (KFY): CEO of Hay Group Stephen D. Kaye bought 5,000 shares
Kaye bought 5,000 shares on June 29 at a price of $21.30 per share.
Korn/Ferry International was originally formed as a California corporation in November 1969 and reincorporated in Delaware in 2000. Korn/Ferry provides talent management solutions that help clients to attract, develop, retain, and sustain their talent. The company has a market cap of $1.22 billion; as of July 8, its shares traded at $21.37 with a P/E ratio of 36.91.
Korn/Ferry had a record fourth quarter with revenue of $399.9 million. Fourth quarter diluted earnings per share and adjusted diluted earnings per share were 10 cents and 58 cents, respectively.
CEO Gary D. Burnison bought 4,000 shares of KFY stock on June 21 at a price of $22.49 per share. Burnison bought 12,000 shares on June 27 at a price of $20.46 per share. The price of the stock has increased by 4.35% since.