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:
Northeast Bancorp. (
NBN
): CFO and COO Claire S. Bean Bought 62,500 Shares
CFO and COO of Northeast Bancorp (
NBN
) Claire S. Bean bought 62,500 shares on 05/16/2012 at an average
price of $8. Northeast Bancorp. (ME) is a savings and loan
holding company whose primary assets is its subsidiary, Northeast
Bank, F. Northeast Bancorp has a market cap of $35 million; its
shares were traded at around $8 with a P/E ratio of 29.4 and P/S
ratio of 0.7. The dividend yield of Northeast Bancorp stocks is
3.4%. Northeast Bancorp had an annual average earnings growth of
0.2% over the past 10 years.
Northeast Bancorp reported net income of $168 thousand, or $0.02
per diluted common share, for the quarter ended March 31, 2012.
For the nine months ended March 31, 2012, the company earned net
income of $1.1 million, or $0.23 per diluted common share.
Results for the three and nine months ended March 31, 2012
include net income from discontinued operations of $14 thousand
and $1.1 million, respectively.
CEO
Richard Wayne
, CFO and COO
Claire S. Bean
and Chief Administrative Officer
Heather Campion
bought shares of NBN stock.
Emmis Communications Cl A (
EMMS
): Executive Vice President and CFO Patrick M. Walsh Bought
52,705 Shares
Executive Vice President and CFO of Emmis Communications Cl A (
EMMS
) Patrick M. Walsh bought 52,705 shares during the past week at
an average price of $1.3. Emmis Communications Corporation is a
diversified media company with radio broadcasting and magazine
publishing operations and pending approval from the FCC,
television broadcasting operations. Emmis Communications Cl A has
a market cap of $52.3 million; its shares were traded at around
$1.49 with and P/S ratio of 0.2.
Executive Vice President, COO/CFO Patrick M. Walsh, member of 10%
13(d) group Jeffrey H. Smulyan, and Member of 10% owner 13D group
LLC Hsjs, bought shares of EMMS stock.
Stereotaxis Inc. (
STXS
): CFO Samuel W. Duggan II Bought 50,000 Shares
CFO of Stereotaxis Inc. (
STXS
) Samuel W. Duggan II bought 50,000 shares on 05/11/2012 at an
average price of $0.35. Stereotaxis designs, manufactures and
markets an advanced cardiology instrument control system for use
in a hospital's interventional surgical suite to enhance the
treatment of coronary artery disease and arrhythmias. Stereotaxis
Inc. has a market cap of $19.1 million; its shares were traded at
around $0.28 with and P/S ratio of 0.5.
Stereotaxis Inc. reported financial results for the first quarter
ended March 31, 2012. The net loss for the first quarter was
$(5.8) million, or $(0.11) per share, compared to a net loss of
$(9.5) million, or $(0.17) per share, reported for the first
quarter 2011 and $(5.5) million, or $(0.10) per share, in the
fourth quarter 2011. Revenue for the first quarter 2012 totaled
$12.3 million, a 20% increase over the prior year quarterly
revenue of $10.2 million and a 6% increase over fourth quarter
2011 revenue of $11.6 million.
CFO Samuel W. Duggan II and Director William M. Kelley bought
20,000 shares of STXS stock on 12/09/2011 at the average price of
$0.94. William M. Kelley owns at least 42,600 shares after this.
Ferro Corp (
FOE
): Vice President and CFO Jeffrey L. Rutherford Bought 40,000
Shares
Vice President and CFO of Ferro Corp (
FOE
) Jeffrey L. Rutherford bought 40,000 shares on 05/08/2012 at an
average price of $4.93. Ferro Corp is a worldwide producer of
specialty materials for industry by organic and inorganic
chemistry. Ferro Corp has a market cap of $446.3 million; its
shares were traded at around $4.17 with a P/E ratio of 11.2 and
P/S ratio of 0.2.
Ferro Corporation announced net sales of $466 million for the
three-month period ended March 31, 2012, compared with net sales
of $573 million in the first quarter of 2011. The company
recorded net income attributable to common shareholders of $1.3
million, or $0.01 per diluted share, in the 2012 first quarter,
compared with $22.7 million, or $0.26 per diluted share, in the
prior-year quarter.
Vice President and CFO Jeffrey L. Rutherford bought shares of FOE
stock.
Novatel Wireless (
NVTL
): Senior Vice President Finance and CFO Kenneth Leddon Bought
25,000 Shares
Senior Vice President Finance and CFO of Novatel Wireless (
NVTL
) Kenneth Leddon bought 25,000 shares on 05/08/2012 at an average
price of $2.01. Novatel Wireless Inc. is a provider of wireless
data modems and software for use with handheld computing devices
and portable personal computers. Novatel Wireless has a market
cap of $72.3 million; its shares were traded at around $2.07 with
and P/S ratio of 0.2.
Novatel Wireless Inc. reported preliminary financial results for
the first quarter ended March 31, 2012. GAAP net loss was $37.9
million for the quarter. On a non-GAAP basis, which excludes the
items identified in the attached reconciliation schedule, net
loss for the quarter was $4.4 million, or 14 cents per share,
versus a loss of 56 cents per share in the comparable quarter in
2011.
Senior Vice President Finance and CFO Kenneth Leddon and Senior
Vice President and CTO Slim S. Souissi bought shares of NVTL
stock.
For the complete list of stocks that were bought by their CFOs,
go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the
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