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:
Point.360 (
PTSX
): CFO Alan R. Steel Bought 130,000 Shares
CFO of Point.360 (
PTSX
) Alan R. Steel bought 130,000 shares on 08/02/2012 at an average
price of $0.34. Point 360 is integrated media management services
company providing film, video and audio post-production,
archival, duplication, computer graphics and distribution
services to motion pictures studios, television networks,
independent production companies and multinational companies.
Point.360 has a market cap of $7.15 million; its shares were
traded at around $0.68 with and P/S ratio of 0.2.
Point.360 reported financial results for the quarter ended May
11, 2012. Revenues were $8.5 million for the three months ended
March 31, 2012, compared to $9.3 million for the three months
ended March 31, 2011. Net loss was $0.3 million in the fiscal
2012 period, compared to a net income of $0.2 million in the 2011
period.
CEO, 10% Owner
Haig S Bagerdjian
and CFO
Alan R Steel
bought shares of PTSX stock.
MGIC Investment Corp. (
MTG
): Executive Vice President and CFO Jon Michael Lauer Bought
75,000 Shares
Executive Vice President and CFO of MGIC Investment Corp. (
MTG
) Jon Michael Lauer bought 75,000 shares on 08/06/2012 at an
average price of $0.89. MGIC Investment Corporation is a holding
company which, through its wholly owned subsidiary, Mortgage
Guaranty Insurance Corporation, is the provider of private
mortgage insurance coverage in the United States to the home
mortgage lending industry. MGIC Investment Corp. has a market cap
of $228.29 million; its shares were traded at around $1.14 with
and P/S ratio of 0.15.
MGIC Investment Corporation reported a net loss for the quarter
ended June 30, 2012 of $273.9 million, compared with a net loss
of $151.7 million for the same quarter a year ago. Diluted loss
per share was $1.36 for the quarter ending June 30, 2012,
compared to diluted loss per share of $0.75 for the same quarter
a year ago. The net loss for the first six months of 2012 was
$293.4 million, compared with a net loss of $185.4 million for
the same period last year. Total revenues for the second quarter
were $321.1 million, compared with $367.0 million in the second
quarter last year.
Chairman and CEO
Curt S. Culver
, Executive Vice President and CFO Jon Michael Lauer, and Senior
Vice President James A. Karpowicz bought shares of MTG stock.
Iridium Communications Inc. (
IRDM
): CFO Thomas Fitzpatrick Bought 10,000 Shares
CFO of Iridium Communications Inc. (
IRDM
) Thomas Fitzpatrick bought 10,000 shares on 08/07/2012 at an
average price of $7.08. Iridium Communications Inc., formerly GHL
Acquisition Corp. Iridium Communications Inc. has a market cap of
$533.66 million; its shares were traded at around $7.3 with a P/E
ratio of 11.22 and P/S ratio of 1.39.
Iridium Communications Inc. reported financial results for the
second quarter of 2012. Net income was $17.7 million, or $0.23
per diluted share, for the second quarter of 2012, as compared to
$11.7 million, or $0.16 per diluted share, for the second quarter
of 2011. Net income increased 51 percent year-over-year. Total
revenue grew 1 percent versus the comparable period of 2011,
while service revenue increased 5 percent from the year-ago
period.
CFO Thomas Fitzpatrick, Vice President Iridium Satellite LLC
Richard P. Nyren, and 10% Owner Baralonco Ltd. bought shares of
IRDM stock.
Sequenom Inc. (
SQNM
): CFO Paul V. Maier Bought 10,000 Shares
CFO of Sequenom Inc. (
SQNM
) Paul V. Maier bought 10,000 shares on 08/01/2012 at an average
price of $2.86. Sequenom Inc. is in the field of industrial
genomics. Sequenom Inc. has a market cap of $399.75 million; its
shares were traded at around $3.49 with and P/S ratio of 7.15.
Sequenom Inc. had an annual average earnings growth of 14.5% over
the past five years.
Sequenom Inc. reported revenue of $18.3 million for the second
quarter of 2012, an increase of 23% from revenue of $14.9 million
in the first quarter of 2012 and a 38% increase compared to
revenue of $13.3 million for the second quarter of 2011.
CEO Harry F. Hixson Jr., CFO Paul V. Maier, and Director Charles
P. Slacik bought shares of SQNM stock,
First Niagara Financial Group Inc. (
FNFG
): CFO Gregory W. Norwood Bought 10,000 Shares
CFO of First Niagara Financial Group Inc. (
FNFG
) Gregory W. Norwood bought 10,000 shares on 08/02/2012 at an
average price of $7.47. First Niagara Financial Group Inc. is a
multi-bank holding company and is the parent of First Niagara
Bank, Cortland Savings Bank and Cayuga Bank. First Niagara
Financial Group Inc. has a market cap of $2.88 billion; its
shares were traded at around $8.16 with a P/E ratio of 9.6 and
P/S ratio of 2.2. The dividend yield of First Niagara Financial
Group Inc. stocks is 3.92%. First Niagara Financial Group Inc.
had an annual average earnings growth of 3.5% over the past 10
years.
First Niagara Financial Group Inc. announced second quarter 2012
results. Total operating revenues of $338.7 million, which do not
include the previously announced $15.9 million gain recorded on
the sale of mortgage-backed securities, increased $26.4 million,
or 8% over the first quarter of 2012. On a GAAP basis, First
Niagara reported a second quarter loss to common shareholders of
$18.5 million, or $0.05 per diluted share, compared to net income
to common shareholders of $54.8 million, or $0.16 per diluted
share, in the first quarter of 2012.
CFO Gregory W. Norwood, Chief Credit Officer Richard M. Barry,
and COO Gary M. Crosby bought shares of FNFG stock.
LeapFrog Enterprises Inc. (
LF
): CFO Raymond L. Arthur Bought 10,000 Shares
CFO of LeapFrog Enterprises Inc. (
LF
) Raymond L. Arthur bought 10,000 shares on 08/03/2012 at an
average price of $10.35. Leapfrog Enterprises is a designer,
developer and marketer of innovative, technology-based
educational products and related proprietary content, dedicated
to making learning effective and engaging. Leapfrog Enterprises
Inc. has a market cap of $625.79 million; its shares were traded
at around $11.25 with a P/E ratio of 19.4 and P/S ratio of 1.37.
LeapFrog Enterprises Inc. announced financial results for the
second quarter ended June 30, 2012. Loss from operations was $7
million for the second quarter 2012, an improvement of $6
million, or 43%, compared to a year ago.
CFO Raymond L. Arthur and 10% Owner Holdings LLC Mollusk sold
shares of LF stock.
For the complete list of stocks that 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
.