Weekly CFO Buys Highlight: API, HPOL, CHCR, RAS, KMF

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Dec 06, 2010
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: Advanced Photonix Inc, Harris Interactive Inc., COMPREHENSIVE CARE CORP, RAIT Financial Trust, and KAYNE ANDERSON MIDSTREAM/ENERGY FUND INC.

Advanced Photonix Inc (API, Financial): CFO Robin Risser Bought 22,266 Shares

CFO of Advanced Photonix Inc (API) Robin Risser bought 22,266 shares on 11/30/2010 at an average price of $1.17. Advanced Photonix, Inc. is engaged in the development and manufacture of optoelectronic semiconductor based components, hybrid assemblies and other proprietary solid state light and radiation detection devices, including proprietary advanced solid state silicon photodetection devices which utilize Avalanche Photodiode technology. Advanced Photonix Inc has a market cap of $34.6 million; its shares were traded at around $1.35 with and P/S ratio of 1.6.

Advanced Photonix, Inc. announced its second quarter 2011 ended on October 1, 2010. Revenue increased by 29% and EBITDA improved by $675,000 compared to the prior year's second quarter results. announced today that its second quarter 2011 revenue increased by 29% and EBITDA improved by $675,000 compared to the prior year's second quarter results. The Company's revenues increased 29% (or $1.6 million) over revenues for the quarter to approximately $7.0 million compared to $5.4 million for the second quarter ended September 25, 2009. Year to date revenues are up $1.9 million (or 17%) to $13.3 million over the first six months of fiscal year 2010. Quarterly net loss was $398,000 or $0.02 per diluted share, as compared to a net loss of $1.2 million, or $0.05 per diluted share, for the prior year quarter ended September 25, 2009. For the six months ended October 1, 2010, the net loss was $671,000 or $0.03 per diluted share, compared to a net loss of $1.5 million or $0.06 per diluted share, for the comparable prior year six-month period.

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

CEO Richard D Kurtz, CFO Robin Risser, and Chief Technology Officer Steven Williamson bought shares of API stock.

Harris Interactive Inc. (HPOL, Financial): EVP, CFO and Treasurer Pavan Bhalla Bought 20,000 Shares

EVP, CFO and Treasurer of Harris Interactive Inc. (HPOL) Pavan Bhalla bought 20,000 shares on 12/01/2010 at an average price of $0.86. Harris Interactive Inc. is a market research and polling firm, using Internet-based and traditional methodologies to provide the clients with information about the views, experiences and attitudes of people worldwide. Harris Interactive Inc. has a market cap of $56.2 million; its shares were traded at around $1.03 with and P/S ratio of 0.4.

Harris Interactive Inc. announced its first quarter fiscal 2011 financial results. Total revenue for the first quarter of fiscal 2011 was $37.0 million, as compared with $38.9 million for the same prior year period. Net loss for the first quarter of fiscal 2011 was $(1.3) million, or $(0.02) per fully diluted share, as compared with a net loss of $(0.6) million, or $(0.01) per fully diluted share for the same prior year period.

HPOL is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

President and CEO Kimberly Till, EVP, CFO and Treasurer Pavan Bhalla, and Director Howard L Shecter bought shares of HPOL stock.

COMPREHENSIVE CARE CORP (CHCR, Financial): CFO, 10% Owner Giuseppe Crisafi Bought 30,802 Shares

CFO, 10% Owner of COMPREHENSIVE CARE CORP (CHCR) Giuseppe Crisafi bought 30,802 shares during the past week at an average price of $0.21. Comprehensive Care Corporation provides managed behavioral healthcare and substance abuse services for employers, HMOs, PPOs, government organizations, third-party claim administrators, and commercial and other group purchasers of behavioral healthcare services. with and P/S ratio of 1.03.

Comprehensive Care Corporation reported results for the third quarter ended September 30, 2010. Total revenue for the three months ended September 30, 2010 was $7.9 million compared to $3.6 million for the three months ended September 30, 2009. Net loss for the three months ended September 30, 2010 was ($3.7) million, or ($0.07) per basic and diluted share, compared to net loss of ($2.6) million, or ($0.06) per basic and diluted share for the three months ended September 30, 2009.

Chairman & CEO, 10% Owner Clark A. Marcus and CFO, 10% Owner Giuseppe Crisafi bought shares of CHCR stock.

RAIT Financial Trust (RAS, Financial): CFO & Treasurer Jack Salmon Bought 10,000 Shares

CFO & Treasurer of RAIT Financial Trust (RAS) Jack Salmon bought 10,000 shares on 12/01/2010 at an average price of $1.69. RAIT Financial Trust, a real estate investment trust, originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs and real estate operating companies and their intermediaries throughout the United States. Rait Financial Trust has a market cap of $162.5 million; its shares were traded at around $1.82 with a P/E ratio of 3.2 and P/S ratio of 0.7.

RAIT Financial Trust announced results for the third quarter ended September 30, 2010. RAIT reported net income allocable to common shares for the three-month period ended September 30, 2010 of $15.1 million, or $0.16 total earnings per share - diluted based on 92.7 million weighted-average shares outstanding – diluted, as compared to net loss allocable to common shares for the three-month period ended September 30, 2009 of $24.7 million, or $0.38 total loss per share – diluted based on 65.0 million weighted-average shares outstanding – diluted.

RAS is in the portfolios of Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors.

CEO & President Scott Schaeffer, CFO & Treasurer Jack Salmon, and Chairman & Trustee Betsy Z Cohen bought shares of RAS stock.

KAYNE ANDERSON MIDSTREAM/ENERGY FUND INC (KMF, Financial): CFO and Treasurer Terry A Hart Bought 3,000 Shares

CFO and Treasurer of KAYNE ANDERSON MIDSTREAM/ENERGY FUND INC (KMF) Terry A Hart bought 3,000 shares on 11/30/2010 at an average price of $25.

Chairman, CEO and President Kevin S Mccarthy, CFO and Treasurer Terry A Hart, and Executive Vice President James C Baker bought shares of KMF stock.