Weekly CFO Buys Highlight: SHO, ANAD, PTEK
[bSunstone Hotel Investors Inc. (SHO): Executive Vice President and CFO John V. Arabia Bought 50,000 Shares[/b]
Executive Vice President and CFO of Sunstone Hotel Investors Inc. (SHO) John V. Arabia bought 50,000 shares on May 11, 2011, at an average price of $9.94. Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. Sunstone Hotel Investors Inc. has a market cap of $1.14 billion; its shares were traded at around $9.65 with a P/E ratio of 16.3 and P/S ratio of 1.8.
Sunstone Hotel Investors Inc. announced results for the first quarter ended March 31, 2011. Total revenue was $162.6 million. As of March 31, 2011, total assets were $2.8 billion, including $2.4 billion of net investments in hotel properties, total debt was $1.5 billion and stockholders’ equity was $1.1 billion.
Executive Vice President and CFO John V. Arabia, President Kenneth Edward Cruse, and Executive Chairman Robert A. Alter bought shares.
Anadigics Inc. (ANAD): EVP, CFO, and COO Thomas C Shields Bought 50,000 Shares
Executive Vice President, CFO and COO of Anadigics Inc. (ANAD) Thomas C Shields bought 50,000 shares on 05/19/2011 at an average price of $2.89. Anadigics Inc. supplies radio frequency/microwave integrated circuit solutions to the communications industry, enabling manufacturers to enhance overall system performance and reduce manufacturing cost and time to market. Anadigics Inc. has a market cap of $209.1 million; its shares were traded at around $3.1 with and P/S ratio of 1.
Anadigics Inc. reported that net loss for the first quarter ended April 2, 2011, was $10.67 million, or $0.16 per share, compared to a net loss of $5.19 million, or $0.08 per share, for the same quarter ended April 3, 2010. Net sales for the first quarter ended April 2, 2011 were $43.46 million, compared to $43.53 million, for the same quarter ended April 3, 2010.
President, Director and CEO Ronald Michels, Former President & CEO Mario Rivas, and CFO Thomas C Shields sold shares of ANAD stock.
PokerTek Inc. (PTEK): CEO & CFO Mark Daniel Roberson Bought 25,735 Shares
CEO and CFO of PokerTek Inc. (PTEK) Mark Daniel Roberson bought 25,735 shares on 05/12/2011 at an average price of $1.36. PokerTek Inc. was formed to develop and market the PokerPro system, an electronic poker table that provides a fully-automated poker room environment, to tribal casinos, commercial casinos and card clubs. PokerTek Inc. has a market cap of $9.1 million; its shares were traded at around $1.46 with and P/S ratio of 1.6.
PokerTek Inc. reported financial results for the first quarter ended March 31, 2011. Total revenue for the first quarter of 2011 was $1.7 million compared to $1.6 million for the first quarter of 2010. Net loss from continuing operations for the first quarter of 2011 improved 43% to $0.4 million ($0.07 per share) from $0.8 million ($0.14 per share) for comparable periods in 2011 and 2010.
CEO and CFO Mark Daniel Roberson, Director, 10% Owner Gehrig H. White, and Director, 10% Owner James T. Crawford Iii bought shares of PokerTek stock.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.