Weekly CEO Buys Highlight
- By Joy Hu
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
FS KKR Capital CEO bought 71,622 shares
FS KKR Capital Corp. (FSK) CEO Michael C. Forman bought 71,622 shares during the past week at the average price of $6.26.
The business development company focuses on providing customized credit solutions to private middle-market U.S. companies. The company has a market cap of $3.40 billion. Its shares traded at $6.40 as of Feb. 15.
Warning! GuruFocus has detected 3 Warning Signs with FSK. Click here to check it out.
The intrinsic value of FSK
On Dec. 19, the company announced the closing of the merger of FS Investment Corp. and Corporate Capital Trust Inc.
Forman bought 15,679 shares on Feb. 4 at a price of $6.35; 15,673 shares on Feb. 6 at a price of $6.35; 32,167 shares on Feb. 8 at a price of $6.19; 23,800 shares on Feb. 12 at a price of $6.28; and 15,655 shares on Feb. 14 at a price of $6.36. The price of the stock has increased by 0.63% since.
Director Richard I. Goldstein bought 3,800 shares on Jan. 22 at a price of $6.07. The price of the stock has increased by 5.44% since.
Bain Capital Specialty Finance CEO bought 6,119 shares
Bain Capital Specialty Finance Inc. (BCSF) President and CEO Michael A. Ewald bought 6,119 shares during the past week at the average price of $19.86.
The business development company utilizes Bain Capital Credit's Private Credit Group to focus on middle-market investments. The company has a market cap of $1.02 billion. Its shares traded at $19.89 with a price-earnings ratio of 14.19 as of Feb. 15.
On Nov. 14, the company announced it priced its initial public offering of 7,500,000 shares at $20.25 per share.
Ewald bought 1,219 shares on Feb. 11 at a price of $19.94; 1,271 shares on Feb. 12 at a price of $19.89; 1,212 shares on Feb. 13 at a price of $19.94; 1,247 shares on Feb. 14 at a price of $19.87; and 950 shares on Feb. 15 at a price of $20.16. The price of the stock has decreased by 1.34% since.
Vice President and Treasurer Michael John Boyle bought 485 shares on Feb. 13 at a price of $19.94; 498 shares on Feb. 14 at a price of $19.87; and 380 shares on Feb. 15 at a price of $20.16. The price of the stock has decreased by 1.34% since.
Director Jeffrey B. Hawkins bought 1,247 shares on Feb. 14 at a price of $19.87 and 950 shares on Feb. 15 at a price of $20.16. The price of the stock has decreased by 1.34% since.
Luther Burbank CEO bought 10,000 shares
Luther Burbank Corp. (LBC) President and CEO Simone Lagomarsino bought 10,000 shares on Feb. 15 at a price of $10.46. The price of the stock has decreased by 0.38% since.
Luther Burbank is a bank holding company. Through its subsidiary, the company provides real estate secured lending in attractive metropolitan areas along the West Coast. The company has a market cap of $587.47 million. Its shares traded at $10.42 with a price-earnings ratio of 13.19 as of Feb. 15.
Net income for the fourth quarter of 2018 was $10.6 million compared to net income of $20.4 million for the same period last year.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 3 Warning Signs with FSK. Click here to check it out.
The intrinsic value of FSK
