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Weekly CFO Buys Highlight: Global Industries Ltd., BioScrip Inc., Bank Mutual Corp., Sykes Enterprises Inc., Pacer International Inc., Alphatec Holdings Inc., Omnicare Inc.

gurujk

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Global Industries Ltd., BioScrip Inc., Bank Mutual Corp., Sykes Enterprises Inc., Pacer International Inc., Alphatec Holdings Inc., and Omnicare Inc.

Global Industries Ltd. (GLBL): Senior VP and CFO Charles Andrew Smith Bought 44,000 Shares

Senior VP and CFO of Global Industries Ltd. (GLBL) Charles Andrew Smith bought 44,000 shares on 08/11/2010 at an average price of $4.5. Global Industries, Ltd. provides construction services, including pipeline construction, platform installation and removal, and diving services to the offshore oil and gas industry. Global Industries Ltd. has a market cap of $536.5 million; its shares were traded at around $4.67 with and P/S ratio of 0.6.

Global Industries, Ltd. announced revenues of $121.8 million for the second quarter of 2010 compared to $294.8 million for the second quarter of 2009. Net income was $1.4 million, or $0.01 per diluted share, for the second quarter of 2010 compared to net income of $45.9 million, or $0.40 per diluted share, for the second quarter of 2009. Included in net income for the quarter are pre-tax impairment losses of $10.2 million in our North America OCD and Asia Pacific/Middle East segments.

GLBL is in the portfolios of Michael Price of MFP Investors LLC, Chuck Royce of Royce& Associates, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Kenneth Fisher of Fisher Asset Management, LLC, Jeremy Grantham of GMO LLC.

CEO John Burwell Jr Reed, Senior VP and CFO Charles Andrew Smith, and Director, 10% Owner William J Dore bought shares of GLBL stock.

BioScrip Inc. (BIOS): CFO Stanley Rosenbaum Bought 20,000 Shares

CFO of BioScrip Inc. (BIOS) Stanley Rosenbaum bought 20,000 shares on 08/05/2010 at an average price of $4.24. BioScrip provides comprehensive pharmaceutical care solutions. Bioscrip Inc. has a market cap of $247.5 million; its shares were traded at around $4.62 with a P/E ratio of 20.1 and P/S ratio of 0.2.

BioScrip, Inc. announced 2010 second quarter revenue of $412.0 million, operating income of $13.5 million and net income of $3.1 million, or $0.06 per diluted share. Second quarter adjusted earnings per share (detailed in schedule 5) was $0.07 per diluted share.

BIOS is in the portfolios of Jeff Auxier of Auxier Focus Fund, Paul Tudor Jones of The Tudor Group, Jeremy Grantham of GMO LLC, Steven Cohen of SAC Capital Advisors.

CFO Stanley Rosenbaum, President and COO Richard M Smith, and SVP, Specialty Services Michael Saracco bought shares of BIOS stock.

Bank Mutual Corp. (BKMU): Senior Vice President-CFO Michael W Dosland Bought 10,000 Shares

Senior Vice President-CFO of Bank Mutual Corp. (BKMU) Michael W Dosland bought 10,000 shares on 08/05/2010 at an average price of $6.02. Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. Bank Mutual Corp. has a market cap of $264.3 million; its shares were traded at around $5.81 with a P/E ratio of 44.7 and P/S ratio of 1.4. The dividend yield of Bank Mutual Corp. stocks is 4.9%. Bank Mutual Corp. had an annual average earning growth of 8.5% over the past 10 years.

BKMU is in the portfolios of Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.

Senior Vice President-CFO Michael W Dosland, President David A Baumgarten, and Director Richard Allen Brown and BKMU stock.

Sykes Enterprises Inc. (SYKE): SVP & CFO W Michael Kipphut Bought 10,000 Shares

SVP & CFO of Sykes Enterprises Inc. (SYKE) W Michael Kipphut bought 10,000 shares on 08/05/2010 at an average price of $11.65. Sykes Enterprises, Inc. is a leader in providing vertically integrated technology-based solutions through an integrated strategy combining its information technology services with an emerging e-commerce platform. Sykes Enterprises Inc. has a market cap of $566.8 million; its shares were traded at around $11.96 with a P/E ratio of 10.6 and P/S ratio of 0.7. Sykes Enterprises Inc. had an annual average earning growth of 106.5% over the past 5 years.

Sykes Enterprises, Incorporated announced today second-quarter 2010 financial results. Second quarter 2010 revenues were $299.2 million: increased $90.3 million, or 43.3%, over the comparable quarter last year.

SYKE is in the portfolios of Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates, Pioneer Investments, Steven Cohen of SAC Capital Advisors.

CEO & President Charles E Sykes, SVP & Secretary James T Holder, and Director H Parks Helms sold shares of SYKE stock.

Pacer International Inc. (PACR): CFO John J. Hafferty Bought 10,000 Shares

CFO of Pacer International Inc. (PACR) John J. Hafferty bought 10,000 shares on 08/10/2010 at an average price of $5.95. Pacer International, Inc. is a North American non-asset based logistics provider, offers logistics and other services to facilitate the movement of freight from origin to destination. Pacer International Inc. has a market cap of $182.5 million; its shares were traded at around $5.22 with a P/E ratio of 13.7 and P/S ratio of 0.1.

Pacer International, Inc. reported financial results for the three- and six-month periods ended June 30, 2010. Revenues increased $24.3 million to $401.0 million for the 2010 quarter compared to $376.7 million for the 2009 quarter. Net income increased to $1.4 million in the 2010 quarter from a loss of $7.3 million in the 2009 quarter.

PACR is in the portfolios of Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.

CFO John J. Hafferty and Director Dennis Chantland bought shares of PACR stock.

President, RFI and OWL Alan E. Baer sold shares of PACR stock.

Alphatec Holdings Inc. (ATEC): CFO, VP and Treasurer Peter C Wulff Bought 20,000 Shares

CFO, VP and Treasurer of Alphatec Holdings Inc. (ATEC) Peter C Wulff bought 20,000 shares during the past week at an average price of $2.5. Alphatec is a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders. Alphatec Holdings Inc. has a market cap of $172 million; its shares were traded at around $1.97 with and P/S ratio of 1.4.

Alphatec Holdings, Inc. announced financial results for the fiscal quarter ended June 30, 2010. Consolidated revenue of $45.4 million reported in the second quarter 2010 represents 55% growth over the second quarter 2009. Non-GAAP net loss was $0.3 million for the second quarter 2010 compared to non-GAAP net loss of $1.8 million for the second quarter 2009. Non-GAAP EPS was $0.00 per share for second quarter 2010 compared to non-GAAP EPS of ($0.04) per share in second quarter 2009.

ATEC is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CFO, VP and Treasurer Peter C Wulff bought shares of ATEC.

VP, Sales Stephen Lubischer sold shares of ATEC stock.

Omnicare Inc. (OCR): EVP and CFO John L Workman Bought 10,000 Shares

EVP and CFO of Omnicare Inc. (OCR) John L Workman bought 10,000 shares on 08/11/2010 at an average price of $19.59. Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a provider of pharmaceutical care for the elderly. Omnicare Inc. has a market cap of $2.46 billion; its shares were traded at around $20.43 with a P/E ratio of 8.1 and P/S ratio of 0.4. The dividend yield of Omnicare Inc. stocks is 0.4%. Omnicare Inc. had an annual average earning growth of 7.8% over the past 10 years.

Omnicare, Inc. reported financial results for its second quarter ended June 30, 2010. Income from continuing operations was $21.4 million as compared with $42.0 million. Sales were $1,519.1 million as compared with $1,540.5 million.

OCR is in the portfolios of Wallace Weitz of Weitz Wallace R & Co, Steven Romick of FPA Crescent Fund, Richard Snow of Snow Capital Management, L.P., First Pacific Advisors of First Pacific Advisors, LLC, Private Capital of Private Capital Management, James Barrow of Barrow, Hanley, Mewhinney & Strauss, NWQ Managers of NWQ Investment Management Co, Paul Tudor Jones of The Tudor Group, David Dreman of Dreman Value Management, Pioneer Investments, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC.

Interim President and CEO James D Shelton, EVP and CFO John L Workman, and Director Andrea R Lindell bought shares of OCR stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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gurujk
GuruFocus - Stock Picks and Market Insight of Gurus

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