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

May 08, 2011 | About:
gurujk

gurujk

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

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

CFO, CCO, Treasurer & Secretary of Next Innovation Corp. (NASDAQ: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. (NASDAQ:PSTB): CFO David L. Gaines Bought 10,000 Shares

CFO of Park Sterling Corp. (NASDAQ: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. (NASDAQ:ORIT): EVP and CFO John M. Fields Jr. Bought 8,360 Shares

EVP and CFO of Oritani Financial Corp. (NASDAQ: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.
  • 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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