Weekly CFO Buys Highlight

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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:



Sparton Corporation ( SPA ): CFO Mark Schlei Bought 5,300 Shares

CFO of Sparton Corporation ( SPA ) Mark Schlei bought 5,300 shares on 02/07/2013 at an average price of $14.5.

Sparton Corporation was reorganized in 1919 as an Ohio corporation. Sparton Corporation has a market cap of $151.186 million; its shares were traded at around $14.76 with a P/E ratio of 13.1579 and P/S ratio of 0.6486.

On Feb. 5, 2013 Sparton Corporation announced results for the second quarter of fiscal 2013 endedDec. 31, 2012. The company reported second quarter sales of $66.0 million, or an increase of 19.2%, from$55.4 million for the second quarter of fiscal 2012. Reported net income for the second quarter of fiscal 2013 was$4.4 million or$0.43 per share, compared to net income of$1.9 million, or$0.19 per share, in the same quarter a year ago.

Senior Vice President and Business Development Michael W. Osborne sold 3,421 shares of SPA stock on 08/31/2012 at the average price of $10. Michael W. Osborne owns at least 40,073 shares after this. The price of the stock has increased by 47.6% since.

Rand Logistics Inc. ( RLOG ): CFO Joseph W. McHugh Jr. Bought 5,000 Shares

CFO of Rand Logistics Inc. ( RLOG ) Joseph W. McHugh Jr. bought 5,000 shares on 02/15/2013 at an average price of $5.85.

Rand Logistics Inc. formerly Rand Acquisition Corporation was incorporated in the State of Delaware on June 2, 2004. Rand Logistics Inc. has a market cap of $104.251 million; its shares were traded at around $5.85 with a P/E ratio of 74.7 and P/S ratio of 0.6612.

On Feb. 7, 2013, Rand Logistics Inc. announced financial and operational results for its fiscal year 2013 third quarter ended Dec.31, 2012. Total revenue increased by $0.2 million, or 0.4%, to $49.5 million from $49.3. This increase was primarily attributable to a stronger Canadian dollar and higher freight revenue, offset by reduced fuel surcharges.

10% Owner David M. Knott sold 15,001 shares of RLOG stock on 02/01/2013 at the average price of $6.79. David M. Knott owns at least 1,847,524 shares after this. The price of the stock has decreased by 13.84% since.

Meadowbrook Insurance Group Inc. ( MIG ): Senior Vice President and CFO Karen M. Spaun Bought 2,000 Shares

Senior Vice President and CFO of Meadowbrook Insurance Group Inc. ( MIG ) Karen M. Spaun bought 2,000 shares on 02/14/2013 at an average price of $6.47.

Meadowbrook Insurance Group Inc is a holding company organized as a Michigan corporation in 1985. Meadowbrook Insurance Group Inc. has a market cap of $325.535 million; its shares were traded at around $6.51 with and P/S ratio of 0.3583. The dividend yield of Meadowbrook Insurance Group Inc. stocks is 2.6%. Meadowbrook Insurance Group Inc. had an annual average earnings growth of 11% over the past 10 years.

On Feb. 12, 2013 Meadowbrook Insurance Group Inc. reported fourth quarter 2012 net income of $38.0 million, or $0.76 per diluted share, as compared to $9.0 million, or $0.18 per diluted share, for the fourth quarter of 2011. Net operating income, a non-GAAP measure the company defines as net income excluding after-tax realized gains and losses, was $47,000, or $0.00 per diluted share, compared to net operating income of $8.5 million, or $0.17 per diluted share, in the prior year fourth quarter. The fourth quarter 2012 results include $38.0 million, or $0.76 per diluted share, of after-tax realized gains, compared to $0.4 million, or less than $0.01 per diluted share, during the same period in 2011.

Director Robert H. Naftaly bought 5,000 shares of MIG stock on 08/28/2012 at the average price of $7.41. Robert H. Naftaly owns at least 63,000 shares after this. The price of the stock has decreased by 12.15% since.

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: MIG , RLOG , SPA

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110,219,031
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As of 7/29/2014, 04:04 PM