Dr. Phillip Frost, Opko Health: At the beginning of the week, Dr. Phillip Frost, CEO and Chairman of the Board of Directors at Opko Health, Inc (NYSE:OPK), purchased 20,000 shares of common stock, at a price of $11.34 each, for a total transaction worth $226,800. Mr. Frost’s Frost Gamma Investments Trust how holds $1.5 billion worth of Opko Health stock.
Mr. Frost indirectly controls an additional 15,490,546 shares of common stock because Frost Gamma Investments Trust is a principal member of The Frost Group, LLC, and the last entity holds the mentioned shares. This capital investment represents a total of $171.4 million approximately.
Frost has been very active for what seems like forever. Last Friday, Mr. Frost complete fifteen transactions with prices ranging from a low of $11.46 to $12.01 each, for amounts as low as 100 shares and high as 6,400 shares. Friday, however, was not the only day showing a high quantity of transactions during October. And, as a matter of fact, throughout the current year, Mr. Frost has always acted in the same fashion. More specifically, Mr. Frost completed a high rate of transactions in consecutive days almost every month of the current year.
At the moment, Citadel Investment Group, led by Ken Griffin, is the largest hedge fund invested in Opko Health, with a total of $3.2 million in stock.
Disclosure: Jodor Jalit holds no position in any of the mentioned stocks.