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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.

Continental Resources CEO bought 791,828 shares

Continental Resources Inc. (CLR) CEO, Chairman and 10% Owner Harold Hamm bought 791,828 shares on March 25 at a price of $42.95. The price of the stock has increased by 4.24% since.


Continental Resources is an independent crude oil and natural gas exploration and production company that operates primarily in the Williston Basin and in southern Oklahoma. The company has a market cap of $16.65 billion. Its shares traded at $44.77 with a price-earnings ratio of 16.96 as of March 29.

Net income for the fourth quarter of 2018 was $197.7 million compared to $841.9 million for the prior-year period.

New Fortress Energy CEO bought 778,199 shares

New Fortress Energy LLC (NFE) CEO and 10% Owner Wesley R. Edens bought 778,199 shares during the past week at the average price of $10.19.

The energy infrastructure company delivers energy solutions to customers so they can use natural gas for power. The company has a market cap of $1.96 billion. Its shares were trading at $11.68 on March 29.

On Jan. 30, the company announced the pricing of its initial public offering of 20 million Class A shares at $14 per share.

Edens bought 592,100 shares on March 28 at a price of $9.84 and 186,099 shares on March 29 at a price of $11.29. The price of the stock has increased by 3.45% since.

Director Matthew Wilkinson bought 12,500 shares on March 28 at a price of $9.97. The price of the stock has increased by 17.15% since.

Director and 10% Owner Randal A. Nardone bought 580,000 shares on March 28 at a price of $9.85. The price of the stock has increased by 18.58% since.

Athenex CEO bought 30,000 shares

Athenex Inc. (ATNX) CEO, Chairman of the Board and 10% Owner Johnson Yiu Nam Lau bought 30,000 shares during the past week at the average price of $12.42.

Athenex is a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer. The company has a market cap of $821.04 million. Its shares traded at $12.25 as of March 29.

Net loss for the fourth quarter of 2018 was $27.1 million compared to a net loss of $28.3 million in the same period of the last year.

Yiu Nam Lau bought 10,500 shares on March 20 at a price of $12; 1,000 shares on March 21 at a price of $12.57; 10,000 shares on March 25 at a price of $12.45; 10,000 shares on March 27 at a price of $12.4; and 10,000 shares on March 28 ata price of $12.4. The price of the stock has decreased by 1.21% since.

President of China Division William Wei Zuo bought 1,000 shares on March 25 at a price of $12.47. The price of the stock has decreased by 1.76% since.

Director Song-yi Zhang sold 120,053 shares on March 13 at a price of $11.88. The price of the stock has increased by 3.11% since.

Director Sheldon Trainor-Degirolamo sold 45,915 shares of Athenex stock on March 13 at a price of $11.77 and 54,085 shares on March 15 at a price of $11.77. The price of the stock has increased by 4.08% since.

FS KKR Capital CEO bought 61,213 shares

FS KKR Capital Corp. (FSK) CEO Michael C. Forman bought 61,213 shares during the past week at the average price of $6.08.

FS KKR Capital is an investment company. Its business objective is to achieve long-term capital appreciation and income by investing in a diverse range of sectors such as capital goods, apparels and financial services. The company has a market cap of $3.18 billion. Its shares traded at $6.05 with a price-earnings ratio of 2.67 as of March 29.

Net investment income for the fourth quarter of 2018 was $53 million compared to $54 million for the prior-year period.

Forman bought 15,082 shares on March 5 at a price of $6.42; 40,480 shares on March 20 at a price of $6.16; 49,100 shares on March 22 at a price of $6.08; and 12,113 shares on March 25 at a price of $6.07. The price of the stock has decreased by 0.33% since.

Federal Agricultural Mortgage CEO bought 5,000 shares

Federal Agricultural Mortgage Corp. (AGM) President and CEO Bradford T. Nordholm bought 5,000 shares on March 22 at a price of $69.67. The price of the stock has increased by 3.96% since.

Federal Agricultural Mortgage provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of four segments: Farm & Ranch, USDA Guarantees, Rural Utilities and Institutional Credit. The company has a market cap of $767.62 million. Its shares traded at $72.43 with a price-earnings ratio of 8.20 as of March 29.

Net income for the fourth quarter of 2018 was $19.6 million compared to $16.7 million in the fourth quarter of 2017.

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.