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Weekly CFO Buys Highlight: BNVI, INWK, SNBC, OXLC, HLYS

March 27, 2011 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Bionovo Inc., InnerWorkings Inc., Sun Bancorp Inc., Oxford Lane Capital Corp., and Heelys Inc.

Bionovo Inc. (BNVI): Senior Vice President, CFO Thomas C Chesterman Bought 10,000 Shares

Senior Vice President, CFO of Bionovo Inc. (BNVI) Thomas C Chesterman bought 10,000 shares on 03/23/2011 at an average price of $0.61. BIONOVO INC is a pharmaceutical company focused on the discovery and development of safe and effective treatments for women's health and cancer, which are markets with significant unmet needs and billions in potential annual revenue. Bionovo Inc. has a market cap of $16 million; its shares were traded at around $0.6501 with and P/S ratio of 26.

Bionovo, Inc. announced financial results for the year ended December 31, 2010. For the year ended December 31, 2010 total revenues were $0.6 million compared with $0.3 million for the same period in 2009. The net loss for the year ended December 31, 2010 was $17.7 million, or $0.80 per share, compared with a net loss of $16.4 million, or $0.98 per share, for the same period in 2009.

Senior Vice President, CFO Thomas C Chesterman, Director George Butler, and Director Louis Drapeau bought shares of BNVI stock.

InnerWorkings Inc. (INWK): CFO Joseph M Busky Bought 7,000 Shares

CFO of InnerWorkings Inc. (INWK) Joseph M Busky bought 7,000 shares on 03/15/2011 at an average price of $7.68. INNERWORKINGS are a global provider of managed print and promotional procurement solutions to corporate clients. Innerworkings Inc. has a market cap of $338.3 million; its shares were traded at around $7.34 with a P/E ratio of 31.9 and P/S ratio of 0.8. Innerworkings Inc. had an annual average earnings growth of 7% over the past 5 years.

InnerWorkings, Inc. reported results for the fourth quarter and fiscal year ended December 31, 2010. Record revenue for the fourth quarter of $130.4 million, an increase of 20.9% compared to revenue of $107.9 million in the fourth quarter of 2009. Net income was $3.5 million, an increase of 61.9% compared to $2.2 million in the year-earlier period.

SVP of Operations Jonathan M Shean sold shares of INWK stock.

Sun Bancorp Inc. (SNBC): Executive Vice President & CFO Robert B Crowl Bought 6,667 Shares

Executive Vice President & CFO of Sun Bancorp Inc. (SNBC) Robert B Crowl bought 6,667 shares on 03/22/2011 at an average price of $3. Sun Bancorp, Inc. is a bank holding company with two principal subsidiaries, Sun National Bank and Sun National Bank. Sun Bancorp Inc. has a market cap of $171.3 million; its shares were traded at around $3.4 with and P/S ratio of 1.

President & CEO Thomas X Geisel, Executive Vice President & CFO Robert B Crowl, Executive Vice President & COO Arthur B Dansbury bought shares of SNBC stock.

Oxford Lane Capital Corp. (OXLC): CFO, CCO and Corp. Secretary Patrick Conroy Bought 5,000 Shares

CFO, CCO and Corp. Secretary of Oxford Lane Capital Corp. (OXLC) Patrick Conroy bought 5,000 shares on 03/22/2011 at an average price of $17.45. Oxford Lane Capital Corp. has a market cap of $32.4 million; its shares were traded at around $17.65 . The dividend yield of Oxford Lane Capital Corp. stocks is 5.7%.

CEO Jonathan H Cohen, CFO, CCO and Corp. Secretary Patrick Conroy, and President Saul B Rosenthal bought shares of OXLC stock.

Heelys Inc. (HLYS): CFO/COO Craig D Storey Bought 2,500 Shares

CFO/COO of Heelys Inc. (HLYS) Craig D Storey bought 2,500 shares on 03/15/2011 at an average price of $2.27. 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 $63.4 million; its shares were traded at around $2.3 with and P/S ratio of 2.1.

Heelys, Inc. reported the following financial results for the fourth quarter and fiscal year ended December 31, 2010. On a consolidated basis, net sales decreased $4.7 million to $6.7 million for the three months ended December 31, 2010, from $11.4 million for the three months ended December 31, 2009. On a consolidated basis, net sales decreased $4.7 million to $6.7 million for the three months ended December 31, 2010, from $11.4 million for the three months ended December 31, 2009.

CEO Thomas C Hansen, CFO/COO Craig D Storey, and Director Richard F. Strup bought shares of HLYS 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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