U.S. Markets open in 1 hr 10 mins

Weekly CEO Buys Highlight

- By Joy Hu

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Discover Financial Services CEO bought 30,000 shares

Discover Financial Services (DFS) CEO and President Roger C. Hochschild bought 30,000 shares on Jan. 28 at a price of $66.67. The price of the stock has increased by 2.59% since.


Discover Financial Services is engaged in direct consumer banking business. It mainly provides banking services such as accepting deposits, offering credit card, residential mortgage, loans and other banking facilities to its customers. The company has a market cap of $22.64 billion. Its shares traded at $68.40 with a price-earnings ratio of 8.78 as of Feb. 1.

Net income for the fourth quarter of 2018 was $687 million compared to $387 million for the prior-year period of 2017.

FS KKR Capital Corp. CEO bought 70,802 shares

FS KKR Capital Corp. (FSK) CEO Michael C. Forman bought 70,802 shares during the past week at a price of $6.27.

FS KKR Capital Corp. is a publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and the subordinated debt of private middle market U.S. companies. The company has a market cap of $3.36 billion. Its shares traded at $6.32 as of Feb. 1.

On Dec. 19, 2018, the company announced the closing of the merger of FS Investment Corp. and Corporate Capital Trust Inc. FS Investment Corp. was renamed FS KKR Capital Corp.

Forman bought 25,200 shares on Jan. 18 at a price of $5.91; 40,854 shares on Jan. 23 at a price of $6.08; 29,188 shares on Jan. 25 at a price of $6.23; 25,689 shares on Jan. 29 at a price of $6.27; and 15,925 shares on Jan. 31 at a price of $6.35. The price of the stock has decreased by 0.47% since.

Director Richard I. Goldstein bought 5,000 shares on Jan. 17 at a price of $5.85 and 3,800 shares on Jan. 22 at a price of $6.07. The price of the stock has increased by 4.12% since.

Chief Investment Officer Daniel Pietrzak bought 50,000 shares on Jan. 17 at a price of $5.88. The price of the stock has increased by 7.48% since.

Simmons First National CEO bought 10,000 shares

Simmons First National Corp. (SFNC) Chairman and CEO George Makris Jr. bought 10,000 shares on Jan. 30 at a price of $24.85. The price of the stock has increased by 1.05% since.

Simmons First National Corp. is a financial holding company. The company through its subsidiaries is engaged in providing banking services including consumer, real estate and commercial loans, checking, savings and time deposits. The company has a market cap of $2.32 billion. Its shares traded at $25.11 with a price-earnings ratio of 12.88 as of Feb. 1.

Fourth quarter net income in 2018 was $55.6 million compared to $18.9 million for the same period in 2017.

Old Republic International CEO bought 5,000 shares

Old Republic International Corp. (ORI) Chairman and CEO Aldo C. Zucaro bought 5,000 shares on Jan. 28 at a price of $19.87. The price of the stock has increased by 2.87% since.

Old Republic International is engaged in insurance underwriting and related services. It conducts its operations through General Insurance, Title Insurance and the Republic Financial Indemnity and consumer credit indemnity run-off business. The company has a market cap of $6.19 billion. Its shares traded at $20.44 with a price-earnings ratio of 16.48 as of Feb. 1.

Net loss income for the fourth quarter of 2018 was $106.5 million compared to net income of $299.6 million for the prior-year period.

Director Charles J. Kovaleski bought 200 shares of Old Republic International stock on Jan. 9 at a price of $20.91. The price of the stock has decreased by 2.25% since.

For the complete list of stocks that were 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.