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Weekly CEO Buys Highlight

- By Joy Hu

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

Summit Materials CEO bought 31,250 shares

Summit Materials Inc. (SUM) President and CEO Thomas W. Hill bought 31,250 shares on Feb. 15 at a price of $16.25. The price of the stock has increased by 7.94% since.

Summit Materials is a top-10 aggregates supplier and top-15 cement producer in the U.S. The company has three reportable segments, namely, West, East and Cement. It generates a majority of its revenue from the West segment. The company has a market cap of $2.02 billion. Its shares traded at $17.54 with a price-earnings ratio of 58.47 as of Feb. 22.


Net loss for the fourth quarter of 2018 was $19.2 million compared to net income of $43.0 million in the comparable prior-year period.

Redfin CEO bought 25,532 shares

Redfin Corp. (RDFN) President and CEO Glenn Kelman bought 25,532 shares on Feb. 19 at a price of $19.56. The price of the stock has increased by 0.77% since.

Redfin Corp. is a technology-powered residential real estate brokerage company. It represents people buying and selling homes in over 80 markets throughout the U.S. The company has a market cap of $1.78 billion. Its shares traded at $19.71 as of Feb. 22.

Fourth quarter 2018 net loss was $12.2 million, compared to net loss of $1.8 million in the fourth quarter of 2017.

Chief Growth Officer Adam Wiener sold 10,000 shares on Feb. 15 at a price of $19.58. The price of the stock has increased by 0.66% since.

Chief Technology Officer Bridget Frey sold 5,000 shares on Feb. 4 at a price of $18. The price of the stock has increased by 9.5% since.

Director Selina Tobaccowala sold 570 shares on Feb. 4 at a price of $18. The price of the stock has increased by 9.5% 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 increased by 1.82% 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 $600.44 million. Its shares traded at $10.65 with a price-earnings ratio of 13.48 as of Feb. 22.

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.

FS KKR Capital Corp. CEO bought 15,535 shares

FS KKR Capital Corp. (FSK) CEO Michael C. Forman bought 16,035 shares this past week at the average price of $6.41.

The business development company focuses on providing customized credit solutions to private middle-market U.S. companies. The company has a market cap of $3.50 billion. Its shares traded at $6.59 as of Feb. 22.

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

CEO Michael C. Forman bought 32,167 shares on Feb. 8 at a price of $6.19; 23,800 shares on Feb. 12 at a price of $6.28; 15,655 shares on Feb. 14 at a price of $6.36; 15,535 shares on Feb. 19 at a price of $6.41; and 500 shares on Feb. 20 at a price of $6.49. The price of the stock has increased by 1.54% since.

Brookdale Senior Living CEO bought 7,500 shares

Brookdale Senior Living Inc. (BKD) President and CEO Lucinda M. Baier bought 7,500 shares on Feb. 19 at a price of $7.04. The price of the stock has increased by 5.82% since.

Brookdale Senior Living is a leading operator of senior living communities throughout the United States. Along with its ancillary services program, the company offers a range of outpatient therapy, home health, personalized living and hospice services. The company has a market cap of $1.39 billion. Its shares traded at $7.45 as of Feb. 22.

Net income for the fourth quarter of 2018 was $131.5 million, compared to net income of $15.0 million for the fourth quarter of 2017.

Director Lee S. Wielansky bought 5,000 shares on Feb. 19 at a price of $7.39. The price of the stock has increased by 0.81% since.

Director James R. Seward bought 10,000 shares on Feb. 19 at a price of $7.14. The price of the stock has increased by 4.34% since.

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.