Weekly CFO Buys Highlight: GSVC, PSTB, BONE, ORIT

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May 09, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week Next Innovation Corp. (GSVC, Financial), Park Sterling Corp. (PSTB, Financial), Bacterin International Holdings Inc. (BONE, Financial), Stanley Furniture Company Inc. (STLY), and Oritani Financial Corp. (ORIT, Financial).


Next Innovation Corp. (GSVC): CFO, CCO, Treasurer & Secretary Stephen D. Bard Bought 61,536 Shares


CFO, CCO, Treasurer & Secretary of Next Innovation Corp. (GSVC) Stephen D. Bard bought 61,536 shares on 05/03/2011 at an average price of $15.


CFO, CCO, Treasurer & Secretary Stephen D. Bard, Director R. David Spreng, and COO Paul Lapping bought shares of Next Innovation.


Park Sterling Corp. (PSTB): CFO David L. Gaines Bought 10,000 Shares


CFO of Park Sterling Corp. (PSTB) David L. Gaines bought 10,000 shares on 05/02/2011 at an average price of $4.86. Park Sterling Corp, formerly known as Park Sterling Bank, is engaged in providing banking products and services. Park Sterling Corp. has a market cap of $136 million; its shares were traded at around $4.85 with and P/S ratio of 6.


CEO James C. Cherry, CFO David L. Gaines, and Director Jeffrey S. Kane bought shares of Park Sterling Corp. stocks.


Bacterin International Holdings Inc. (BONE): CFO John P. Gandolfo Bought 9,943 Shares


CFO of Bacterin International Holdings Inc. (BONE) John P Gandolfo bought 9,943 shares on 05/02/2011 at an average price of $3.52. Bacterin International Holdings operates as a medical device company and accredited tissue bank that engages in the research, development, manufacture, and commercialization of bioactive coatings for medical devices. Bacterin International Holdings has a market cap of $145.8 million; its shares were traded at around $4 with and P/S ratio of 9.4.


CEO, 10% Owner Guy S Cook, CFO John P Gandolfo, and Director Kent L Swanson bought shares of Bacterin International Holdings stock.


Stanley Furniture Company Inc. (STLY): COO & CFO Micah S. Goldstein Bought 8,500 Shares


COO & CFO of Stanley Furniture Company Inc. (STLY) Micah S. Goldstein bought 8,500 shares on 05/04/2011 at an average price of $5.35. Stanley Furniture Company is a designer and manufacturer of residential wood furniture exclusively targeted at the upper-medium price range. Stanley Furniture Company Inc. has a market cap of $75.3 million; its shares were traded at around $5.25 with and P/S ratio of 0.6.


Stanley Furniture Company Inc. reported sales and operating results for the first quarter of 2011. Net sales for the quarter decreased 4% to $26.6 million compared to $27.7 million in the fourth quarter of 2010. Operating loss narrowed substantially to $3.4 million compared to the $10.4 million operating loss in the fourth quarter of 2010.


COO & CFO Micah S. Goldstein bought shares of Stanley Furniture stock.


Oritani Financial Corp. (ORIT): EVP and CFO John M. Fields Jr. Bought 8,360 Shares


EVP and CFO of Oritani Financial Corp. (ORIT) John M. Fields Jr. bought 8,360 shares on 05/04/2011 at an average price of $12. Oritani Financial Corp. is the holding company for Oritani Savings Bank, a savings bank offering a full range of retail and commercial loan and deposit products. Oritani Financial Corp. has a market cap of $675.5 million; its shares were traded at around $12.02 with a P/E ratio of 23.5 and P/S ratio of 4. The dividend yield of Oritani Financial Corp. stocks is 3.3%.


Oritani Financial Corp. reported net income of $7.0 million, or $0.13 per share, for the three months ended March 31, 2011, and $21.3 million, or $0.40 per share, for the nine months ended March 31, 2011. This compares to net income of $5.0 million, or $0.09 per share, for the three months ended March 31, 2010, and $12.4 million, or $0.23 per share, for the nine months ended March 31, 2010.


President and CEO Kevin J Lynch, EVP and CFO John M. Fields Jr, and Director John J. Skelly Jr. sold shares of Oritani stocks.