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Weekly CFO Buys Highlight: GLW, NOVS, CRWN, NGPC, SHO

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gurujk

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week. Corning Inc. (GLW): Vice Chairman and CFO James B. Flaws Bought 75,000 Shares

Vice Chairman and CFO James B. Flaws 75,000 shares during the past week at an average price of $13.49. Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $22.61 billion; its shares were traded at around $14.32 with a P/E ratio of 7.5 and P/S ratio of 3.41. The dividend yield of Corning Inc. stocks is 1.39%. Corning Inc. had an annual average earnings growth of 5.2% over the past 5 years.

Corning Incorporated announced its results for the second quarter of 2011. Sales were $2 billion, an increase of 4% sequentially and 17% year over year.

Chairman, CEO and President Wendell P. Weeks and Vice Chairman and CFO James B. Flaws bought shares of GLW stock.

NovaStar Financial Inc. (NOVS): CFO Rodney E. Schwatken Bought 50,000 Shares

CFO of NovaStar Financial Inc. (NOVS) Rodney E. Schwatken bought 50,000 shares on 08/15/2011 at an average price of $0.44. NovaStar Financial Inc. acquires subprime mortgage loans and mortgage securities and manages the resulting portfolio of mortgage assets.

CFO Rodney E. Schwatken, Director Edward W. Mehrer, Director Barry Igdaloff bought shares of NOVS stock.

Crown Media Holdings Inc. (CRWN): Executive Vice President and CFO Andrew Rooke Bought 37,700 Shares

Executive Vice President and CFO of Crown Media Holdings Inc. (CRWN) Andrew Rooke bought 37,700 shares on 08/15/2011 at an average price of $1.37. Crown Media Holdings Inc. owns and operates pay television channels dedicated to high-quality family programming. Crown Media Holdings Inc. has a market cap of $449.6 million; its shares were traded at around $1.19 with a P/E ratio of 5.95 and P/S ratio of 1.57.

Crown Media Holdings Inc. reported its operating results for the three and six months ended June 30, 2011. Crown Media reported revenue of $76.2 million for the second quarter of 2011, a 16% increase from $65.7 million for the second quarter of 2010. The net income to common shareholders for the quarter ended June 30, 2011, totaled $12.1 million, or $0.03 per share, compared to a net loss to common shareholders of $9.0 million, or $0.08 per share, in the second quarter of 2010.

Executive Vice President and CFO Andrew Rooke bought shares of CRWN stock.

NGP Capital Resources Company (NGPC): CFO L. Scott Biar Bought 26,000 Shares

CFO of NGP Capital Resources Company (NGPC) L. Scott Biar bought 26,000 shares on 08/12/2011 at an average price of $6.94. NGP Capital Resources Company is a new financial services company organized by Natural Gas Partners to invest primarily in debt securities of small and mid-size energy companies. NGP Capital Resources Company has a market cap of $148.15 million; its shares were traded at around $6.69 with a P/E ratio of 11.42 and P/S ratio of 6.28. The dividend yield of NGP Capital Resources Company stocks is 10.51%.

NGP Capital Resources Company announced its financial results for the three and six months ended June 30, 2011. Investment income totaled $9.1 million for the quarter ended June 30, 2011, compared to $6.0 million in the corresponding quarter of 2010.

CEO Stephen Gardner and CFO L. Scott Biar bought shares of NGPC stock.

Sunstone Hotel Investors Inc. (SHO): Executive Vice President and CFO John V. Arabia Bought 25,000 Shares

Executive Vice President and CFO of Sunstone Hotel Investors Inc. (SHO) John V. Arabia bought 25,000 shares on 08/12/2011 at an average price of $6. 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 $684.28 million; its shares were traded at around $5.33 with a P/E ratio of 8.15 and P/S ratio of 1.06.

Executive Vice President and CFO John V. Arabia, Executive Chairman Robert A. Alter, and President Kenneth Edward Cruse bought shares of SHO stock.
  • 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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