Markets

Weekly CEO Buys Highlight: GKK, FSBK

According to GuruFocus Insider Data , these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

Gramercy Capital Corporation ( GKK ): CEO Gordon F. Dugan Bought 50,000 Shares

CEO of Gramercy Capital Corporation ( GKK ) Gordon F. Dugan bought 50,000 shares on 03/22/2013 at an average price of $5.21. Gramercy Capital Corp was formed in April 2004 and commenced operations upon the completion of its initial public offering in August 2004. Gramercy Capital Corporation has a market cap of $316.4 million; its shares were traded at around $5.21 with a P/E ratio of 1 and P/S ratio of 7.4.

GKK recently reported its fourth quarter and full year 2012 financial results. For the quarter, net income (loss) to common stockholders from continuing operations was $(5.0) million, or $(0.09) per common share, an increase from $(11.4) million, or $(0.22) per common share, for the same quarter in the previous year. For the full year, net income (loss) to common stockholders from continuing operations was $(25.5) million, or $(0.49) per common share, as compared to $(28.1) million, or $(0.55) per common share, in the previous year.

Whitney Tilson bought 32,068 shares in the quarter that ended on 12/31/2012, which is 0.077% of the $123 million portfolio of T2 Partners Management LP.

Director William H. Lenehan bought 19,500 shares of GKK stock on 11/19/2012 at the average price of $2.67. William H. Lenehan owns at least 60,720 shares after this. The price of the stock has increased by 95.13% since.

First South Bancorp Inc. ( FSBK ): President and CEO Bruce W. Elder Bought 3,500 Shares

President and CEO of First South Bancorp Inc. ( FSBK ) Bruce W Elder bought 3,500 shares on 03/25/2013 at an average price of $6.54. First South Bancorp Inc. is a Virginia corporation, incorporated on Jan. 7, 1999. First South Bancorp Inc. has a market cap of $63.8 million; its shares were traded at around $6.54 with a P/E ratio of 27.2 and P/S ratio of 1.5.

First South Bancorp recently reported its fourth quarter 2012 financial results. For the quarter ended December 31, 2012, the company's net loss totaled ($12.9) million, or ($1.32) per diluted common share, compared to the $966,000 of net income, or $0.10 per diluted common share for prior linked quarter; and $441,000, or $0.05 per diluted common share, for the comparative 2011 fourth quarter.

Arnold Schneider owns 17,666 shares as of 12/31/2012, which accounts for 0.0079% of the $1.06 billion portfolio of Schneider Capital Management.

Director Charles E. Parker Jr. bought 500 shares of FSBK stock on 03/27/2013 at the average price of $6.58. Parker owns at least 157,440 shares after this. The price of the stock has decreased by 0.61% since. Other insiders have also increased their position in the company.

For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos