Weekly CFO Buys Highlight: Bank Mutual Corp., Heelys Inc., GenMark Diagnostics Inc., Regeneration Technologies Inc., Oak Ridge Financial Services

Weekly CFO Buys Highlight: BKMU, HLYS, GNMK, RTIX, BKOR

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Sep 19, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Bank Mutual Corp. (BKMU, Financial), Heelys Inc. (HLYS, Financial), GenMark Diagnostics Inc. (GNMK, Financial), Regeneration Technologies Inc. (RTIX, Financial), Oak Ridge Financial Services Inc. (BKOR, Financial).

Senior Vice President-CFO of Bank Mutual Corp. (BKMU) Michael W Dosland bought 10,000 shares on 09/14/2010 at an average price of $5.22. 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 $247.4 million; its shares were traded at around $5.41 with a P/E ratio of 41.5 and P/S ratio of 1.4. The dividend yield of Bank Mutual Corp. stocks is 2.2%. Bank Mutual Corp. had an annual average earning growth of 8.5% over the past 10 years.

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

Chairman and CEO Michael T Crowley Jr, Senior Vice President-CFO Michael W Dosland, and President David A Baumgarten bought shares of BKMU stock.

Heelys Inc. (HLYS): CFO/COO Craig D Storey Bought 8,500 Shares

CFO/COO of Heelys Inc. (HLYS) Craig D Storey bought 8,500 shares on 09/16/2010 at an average price of $2.48. HEELYS, INC. designs, markets and distributes innovative, action sports-inspired products under the HEELYS brand targeted to the youth market. Heelys Inc. has a market cap of $68.5 million; its shares were traded at around $2.48 with and P/S ratio of 1.5.

Heelys, Inc. reported the following financial results for the second quarter ended June 30, 2010. Net sales for the second quarter of 2010 were $8.8 million compared to net sales of $12.4 million in the corresponding period a year ago. The Company reported net income of $473,000, or $0.02 per fully diluted share, versus a net loss of $1.6 million, or ($0.06) per fully diluted share in the second quarter of 2009.

HLYS is in the portfolios of Jim Simons of Renaissance Technologies LLC, Mario Gabelli of GAMCO Investors, Mario Gabelli of GAMCO Investors.

CFO/COO Craig D Storey and 10% Owner Roger Ralph Adams bought shares of HLYS stock.

GenMark Diagnostics Inc. (GNMK): CFO, Treasurer & Secretary Steven J Kemper Bought 5,000 Shares

CFO, Treasurer & Secretary of GenMark Diagnostics Inc. (GNMK) Steven J Kemper bought 5,000 shares on 09/08/2010 at an average price of $4.12. GenMark Diagnostics, Inc. is a molecular diagnostics company focused on developing and commercializing its proprietary eSensor(R) detection technology. Genmark Diagnostics Inc. has a market cap of $42.7 million; its shares were traded at around $3.64 .

GenMark Diagnostics, Inc. reported revenues of $651,000 for the quarter ending June 30, 2010, a 162% increase over second quarter 2009. Net loss for the second quarter was $5.1 million, or $0.60 per share, compared to a net loss of $4.3 million and $1.08 per share for the same period last year.

CFO, Treasurer & Secretary Steven J Kemper bought shares of GNMK stock.

Regeneration Technologies Inc. (RTIX): Executive Vice President/CFO Robert P Jordheim Bought 5,000 Shares

Executive Vice President/CFO of Regeneration Technologies Inc. (RTIX) Robert P Jordheim bought 5,000 shares on 09/09/2010 at an average price of $2.15. RTI BIOLOGICS, Inc. prepares human donated tissue and bovine tissue for transplantation with a commitment to advancing science, safety and innovation. Regeneration Technologies Inc. has a market cap of $143 million; its shares were traded at around $2.61 with a P/E ratio of 29 and P/S ratio of 0.8.

RTI Biologics Inc. reported operating results for the second quarter ended June 30, 2010. Revenues were $41.2 million for the second quarter of 2010, compared to revenues of $41.1 million for the second quarter of 2009. Revenues were $79.0 million for the first half of 2010, compared to revenues of $79.8 million for the first half of 2009For the second quarter of 2010, the company reported net income of $948,000 and net income per fully diluted share of $0.02 based on 55.1 million fully diluted shares outstanding, compared to net income of $1.0 million and net income per fully diluted share of $0.02 for the second quarter of 2009, based on 54.7 million fully diluted shares outstanding.

RTIX is in the portfolios of Mario Gabelli of GAMCO Investors, Mario Gabelli of GAMCO Investors.

Chairman and CEO Brian K Hutchison and Executive Vice President/CFO Robert P Jordheim sold shares of RTIX stock.

Oak Ridge Financial Services Inc. (BKOR): Sr. VP and CFO Thomas W Wayne Bought 5,000 Shares

Sr. VP and CFO of Oak Ridge Financial Services Inc. (BKOR) Thomas W Wayne bought 5,000 shares on 09/10/2010 at an average price of $4.75. Bank of Oak Ridge offers a complete line of banking and investment services, including savings and checking accounts, mortgage and business loans, extended weekday and Saturday branch banking hours, same-day deposits, cash management services, business and personal internet banking with balance alerts and reminders, internet bill payment, and accounts designed specifically for seniors, small businesses and civic organizations. Oak Ridge Financial Services Inc. has a market cap of $8.5 million; its shares were traded at around $4.75 with a P/E ratio of 29.7 and P/S ratio of 0.4.

Oak Ridge Financial Services, Inc. announced unaudited net income for the three months ended June 30, 2010, before adjusting for the effective dividend on preferred stock, of $15,000 compared to net income of $242,000 for the prior year period.

Sr. VP and CFO Thomas W Wayne and Director Douglas G Boike bought shares of BKOR stock.

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