Weekly CFO Buys Highlight

Insiders invest in OneSpaWorld, New Residential Investment and Brookfield Property REIT

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Mar 22, 2020
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According to GuruFocus insider data, the recent chief financial officer buys were in OneSpaWorld Holdings Ltd. (OSW, Financial), New Residential Investment Corp. (NRZ, Financial) and Brookfield Property REIT Inc. (BPYU, Financial).

OneSpaWorld CFO and chief operations officer bought 75,000 shares

CFO and Chief Operations Officer Stephen Lazarus bought 75,000 shares for $6.53 per share on March 11. Since then, the stock had tumbled 53.45%. OneSpaWorld has a market cap of $185.8 million and its shares were traded around $3.04. The company has a price-sales ratio of 0.38. The trailing 12-month dividend yield is 1.32%, while the forward dividend yield is 5.26%.

OneSpaWorld announced its fourth-quarter results with revenue of $139.44 million and gross profit of $17.39 million, while the net income was $957,000. The 2019 total revenue was $562.23 million, a 4% increase from 2018. The gross profit was $80 million, a 3% increase from the year prior. The net loss was $41.21 million.

Executive Chairman and Director Leonard I. Fluxman bought 75,000 shares for $5.17 per share on March 13. Since then, the shares have declined 41.2%.

New Residential Investment CFO, chief analytics officer and treasurer bought 50,000 shares

CFO, Chief Analytics Officer and Treasurer Nicola Santoro Jr. bought 50,000 shares for $5.84 per share on March 18. Since then, the stock has gained 20.03%. New Residential has a market cap of $2.91 billion and its shares were traded around $7.01. The company has a price-earnings ratio of 5.23 and a price-sales ratio of 2.24. The trailing 12-month dividend yield is 28.53%, while the forward dividend yield is 28.53%.

New Residential announced its fourth-quarter results with revenue of $443.34 million, while the net income was $219.72 million. The 2019 total revenue was $1.28 billion, a 5% decrease from 2018. The net income was $563.30 million.

Director Pamela F. Lenehan bought 10,000 shares for $5.53 per share on March 19. Since then, the share price has increased by 26.76%. Director Andrew Sloves bought 10,000 shares for $6.03 per share the same day. Since then, the stock has gained 16.25%. Director Alan L. Tyson bought 10,000 shares for $5.01 per share on March 18. Since then, the share price has inched up 39.92%.

Brookfield Property REIT CFO bought 72,500 shares

CFO Bryan K. Davis bought 32,500 shares for $10.99 per share on March 17. Since then, the stock has fallen 20.38%. Brookfield Property has a market cap of $525.722 million and its shares were traded around $8.75. The company has a price-earnings ratio of 0.77 and a price-sales ratio of 0.41. The trailing 12-month dividend yield is 15.11%, while the forward dividend yield is 15.20%. Over the past five years, the real estate investment trust had an annual average earnings growth of 78.20%.

Brookfield Property announced its fourth-quarter results with revenue of $451.43 million and gross profit of $293.65 million, while the net income was $661.87 million. The 2019 total revenue was $1.56 billion, a 24% decrease from 2018. The gross profit was $952.44 million, a 31% decrease from the year prior. The net income was $432.88 million.

CEO Brian Kingston bought 115,000 shares for $12.44 per share on March 12. Since then, the stock has declined 29.66%. Director Ric Clark bought 159,154 shares for $13.22 per share on the same day. The shares have tumbled 33.81% since then.

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