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Weekly CFO Buys Highlight: CNYD, PRWT, ANCB, SPPI, SPAX

Greenbackd

gurujk

5 followers
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: China Yida Hldg, Premierwest Bcp, Anchor Bancorp, Spectrum Pharma, and Biosante Pharma.

China Yida Hldg (CNYD): CFO George Wung Bought 15,000 Shares

CFO of China Yida Hldg (CNYD) George Wung bought 15,000 shares on 01/21/2011 at an average price of $9.75. China Yida Holding Co., Ltd. is a comprehensive media and tourism management company headquartered in Fuzhou of Fujian Province in China. China Yida Hldg has a market cap of $189.26 million; its shares were traded at around $9.68 with a P/E ratio of 7.17 and P/S ratio of 3.69.

China Yida Holding Company announced financial results for the quarter ended September 30, 2010. Total net revenue decreased by 21.2% to $11.0 million, compared with $14.0 million in the third quarter of 2009. Net revenue from the media business grew 14.6% to $9.7 million, compared with $8.5 million in the same period of last year.

CFO George Wung and VP of Investor Relations Wei Zhang bought shares of CNYD stock.

Premierwest Bcp (PRWT): EVP & CFO Douglas N Biddle Bought 10,000 Shares

EVP & CFO of Premierwest Bcp (PRWT) Douglas N Biddle bought 10,000 shares on 01/25/2011 at an average price of $0.34. PREMIERWEST BANCORP is a financial services holding company. Premierwest Bcp has a market cap of $34.63 million; its shares were traded at around $0.3451 with and P/S ratio of 0.43.

PremierWest Bancorp announced results for the fourth quarter of 2010 and twelve months ending December 31, 2010. Net loss applicable to common shareholders of $7.5 million compared to a net loss of $148.6 million for the twelve months ended December 31, 2009.

CEO John L Anhorn, EVP & CFO Douglas N Biddle, Director John A Duke bought shares of PRWT stock.

Anchor Bancorp (ANCB): Exec. VP, CFO and Treasurer Terri L Degner Bought 10,000 Shares

Exec. VP, CFO and Treasurer of Anchor Bancorp (ANCB) Terri L Degner bought 10,000 shares on 01/25/2011 at an average price of $10.

President & CEO Jerald L Shaw, Exec. VP, CFO and Treasurer Terri L Degner, Sr. VP and RDM Brett A Nielsen bought shares of ANCB stock.

Spectrum Pharma (SPPI): Acting CFO Brett L Scott Bought 4,000 Shares

Acting CFO of Spectrum Pharma (SPPI) Brett L Scott bought 4,000 shares on 01/20/2011 at an average price of $6.05. Spectrum Pharmaceuticals, Inc. is opportunistically acquiring and advancing a diversified portfolio of oncology drug candidates that meet critical health challenges for which there are few other treatment options. Spectrum Pharma has a market cap of $298.5 million; its shares were traded at around $5.97 with and P/S ratio of 7.85.

Acting CFO Brett L Scott and CSO AND HEAD OF R&D OPERATIONS George F Tidmarsh bought shares of SPPI stock.

Director Anthony E Maida Iii sold shares of SPPI stock.

Biosante Pharma (BPAX): Sr. VP of Finance, CFO & Sec'y Philip B Donenberg Bought 2,000 Shares

Sr. VP of Finance, CFO & Sec'y of Biosante Pharma (BPAX) Philip B Donenberg bought 2,000 shares during the past week at an average price of $1.88. Biosante Pharmaceutical is an emerging pharmaceutical company developing a pipeline of hormone therapy products to treat both men and women. Biosante Pharma has a market cap of $131.69 million; its shares were traded at around $1.86 with and P/S ratio of 104.68.

BioSante Pharmaceuticals, Inc. announced its third quarter 2010 financial results. BioSante incurred a net loss of approximately $11.6 million or ($0.16) per share for the quarter ended September 30, 2010, compared to a net loss of $6.4 million or ($0.21) per share for the same period in 2009. The Company’s cash and cash equivalents as of September 30, 2010 were approximately $35.5 million, as compared to cash and cash equivalents of approximately $29.9 million on December 31, 2009.

Vice Chairman, President & CEO Stephen M Simes, Sr. VP of Finance, CFO & Sec'y Philip B Donenberg, and Director Louis W Sullivan bought shares of BPAX stock.

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

About the author:

gurujk
Greenbackd is a former corporate advisory and securities lawyer working in value-oriented activist funds management.

Rating: 2.5/5 (2 votes)

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