Weekly CFO Buys Highlight: CMLS, UAL, HILL, ACCO, MFNC

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



Cumulus Media Inc. ( CMLS ): Senior Vice President, Treasurer and CFO Joseph Patrick Hannan Bought 25,000 Shares

Senior Vice President, Treasurer and CFO of Cumulus Media Inc. ( CMLS ) Joseph Patrick Hannan bought 25,000 shares on 08/16/2012 at an average price of $2.69. Cumulus Media, Inc. is a radio broadcasting company focused on acquiring, operating and developing radio stations in mid-size radio markets in the U.S. Cumulus Media Inc. has a market cap of $427.4 million; its shares were traded at around $2.81 with a P/E ratio of 8.03 and P/S ratio of 0.78. Cumulus Media Inc. had an annual average earnings growth of 1.9% over the past 10 years.

Cumulus Media Inc. reported financial results for the three and six months ended June 30, 2012. Net revenues for the three months ended June 30, 2012 increased $218.8 million, or 351.5%, to $281.0 million, compared to $62.2 million for the three months ended June 30, 2011.

Senior Vice President, Treasurer and CFO Joseph Patrick Hannan bought shares of CMLS stock.

United Continental Holdings Inc. ( UAL ): Executive Vice President and CFO John D. Rainey Bought 13,500 Shares

Executive Vice President and CFO of United Continental Holdings Inc. ( UAL ) John D. Rainey bought 13,500 shares on 08/09/2012 at an average price of $18.25. United Continental Holdings Inc. is in Airlines industry. United Continental Holdings Inc. has a market cap of $6.11 billion; its shares were traded at around $18.42 with a P/E ratio of 6.55 and P/S ratio of 0.16.

United Continental Holdings Inc. reported second-quarter 2012 net income of $545 million or $1.41 per diluted share, excluding $206 million of net special charges. For the second quarter of 2012, total revenue was $9.9 billion, an increase of 2.4 percent year-over-year excluding special items.

President and CEO Jeffery A. Smisek , Executive Vice President and CFO John D. Rainey , Executive Vice President and COO Peter D. McDonald bought shares of UAL stock.

Dot Hill Systems Corp. ( HILL ): CFO Hanif I. Jamal Bought 12,500 Shares

CFO of Dot Hill Systems Corp. ( HILL ) Hanif I. Jamal bought 12,500 shares on 08/13/2012 at an average price of $1.13. Dot Hill Systems Corp. is the independent provider of carrier-class data storage solutions for Internet-generation applications. Dot Hill Systems Corp. has a market cap of $68.87 million; its shares were traded at around $1.18 with and P/S ratio of 0.35.

Dot Hill Systems Corp. announced financial results for the second quarter 2012, the period ended June 30, 2012. The Company recognized GAAP net revenue of $47.8 million for the second quarter of 2012, compared to $53.2 million for the second quarter of 2011 and $54.7 million for the first quarter of 2012. The company recognized non-GAAP net revenue of $47.7 million for the second quarter of 2012, compared to $52.5 million for the second quarter of 2011 and $54.6 million for the first quarter of 2012.

President and CEO Dana Kammersgard, CFO Hanif I. Jamal, and Director Roderick M. Sherwood III bought shares of HILL stock.

ACCO Brands Corporation ( ACCO ): Executive Vice President and CFO Neal V. Fenwick Bought 10,570 Shares

Executive Vice President and CFO of ACCO Brands Corporation ( ACCO ) Neal V. Fenwick bought 10,570 shares on 08/10/2012 at an average price of $7.29. ACCO Brands Corporation is a world leader in branded office products. ACCO Brands Corporation has a market cap of $780.71 million; its shares were traded at around $6.92 with a P/E ratio of 9.34 and P/S ratio of 0.59.

ACCO Brands Corporation reported its second quarter results for the period ended June 30, 2012. Net sales increased 33% to $438.7 million compared to $330.2 million in the prior-year quarter.

Chairman and CEO Robert J. Keller, Executive Vice President and CFO Neal V. Fenwick, and Senior Vice President, Secretary and General Counsel Pamela R. Schneider bought shares of ACCO stock.

Mackinac Financial Corporation ( MFNC ): Executive Vice President and CFO Ernie R. Krueger Bought 8,733 Shares

Executive Vice President and CFO of Mackinac Financial Corporation ( MFNC ) Ernie R. Krueger bought 8,733 shares on 08/09/2012 at an average price of $5.75. North Country's mission is to serve their trading area with quality financial services and products. Mackinac Financial Corporation has a market cap of $22.13 million; its shares were traded at around $6.47 with a P/E ratio of 4.37 and P/S ratio of 0.83.

Mackinac Financial Corporation announced second quarter 2012 income of $4.141 million or $1.21 per share compared to net income of $.603 million, or $.18 per share for the second quarter of 2011. Operating results excluding the deferred tax asset for the first six months of 2012 totaled $1.639 million or $.48 per share compared to $.859 million or $.25 per share for the same period in 2011.

CEO Paul Davison Tobias, Executive VP and CFO Ernie R. Krueger, and Director Randolph Clare Paschke bought shares of MFNC stock.

For the complete list of stocks that were bought by their CFOs, go to: Insider 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: ACCO , CMLS , HILL , MFNC , UAL

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