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Weekly CFO Buys Highlight: NCT, CDII, TLB, FSC, BNHN

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Newcastle Investment Corp., China Direct Industries Inc., Talbots Inc., Fifth Street Finance Corp., and Benihana Inc.

Newcastle Investment Corp. (NCT): CFO Brian Chad Sigman Bought 25,000 Shares

CFO of Newcastle Investment Corp. (NCT) Brian Chad Sigman bought 25,000 shares on Sept. 22, 2011 at an average price of $4.55. Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle Investment Corp. has a market cap of $322.8 million; its shares were traded at around $4.07 with a P/E ratio of 0.6 and P/S ratio of 1. The dividend yield of Newcastle Investment Corp. stocks is 9.8%.

Newcastle Investment Corp. reported that in the second quarter of 2011, income available for common stockholders (GAAP income) was $98 million, or $1.23 per diluted share, compared to $118 million, or $1.90 per diluted share, in the second quarter of 2010.

CEO and President Kenneth M. Riis, CFO Brian Chad Sigman, and Chief Investment Officer Phillip Evanski bought shares of NCT stock.

China Direct Industries Inc. (CDII): Executive Vice President and CFO Andrew X. Wang Bought 15,000 Shares

Executive Vice President and CFO of China Direct Industries Inc. (CDII) Andrew X. Wang bought 15,000 shares on Sept. 26, 2011 at an average price of $0.86. China Direct Inc. maintains active, majority stakes in a diversified portfolio of Chinese companies operating in multiple industries. China Direct Industries Inc. has a market cap of $40.7 million; its shares were traded at around $1.01 with a P/E ratio of 9.2 and P/S ratio of 0.3.

China Direct Industries Inc. announced its financial results for the third quarter of fiscal 2011 ended June 30, 2011. For the third quarter of fiscal 2011 total revenues increased to $57.0 million up 78.5% compared to total revenues of $31.9 million recorded in the third quarter of fiscal 2010. At June 30, 2011 total assets were $130.6 million and shareholder equity was $80.3 million with 40.2 million shares outstanding.

CEO and 10% Owner Yuejian Wang, Executive Vice President and CFO Andrew X. Wang, and Director Kong Tung bought shares of CDII stock.

Talbots Inc. (TLB): COO, CFO and Treasurer Michael Scarpa Bought 10,000 Shares

COO, CFO and Treasurer of Talbots Inc. (TLB) Michael Scarpa bought 10,000 shares on 09/20/2011 at an average price of $3.08. Talbots is a specialty retailer and cataloger of women's classic apparel. Talbots Inc. has a market cap of $190.9 million; its shares were traded at around $2.7 with and P/S ratio of 0.2.

President & CEO Trudy F. Sullivan, COO, CFO and Treasurer Michael Scarpa, and Director Marjorie L. Bowen bought shares of TLB stock on Sept. 14, 2011 at the average price of $3.11. Marjorie L. Bowen owns at least 21,566 shares after this. The price of the stock has decreased by 13.18% since.

Fifth Street Finance Corp. (FSC): CFO Alexander C. Frank Bought 10,000 Shares

CFO of Fifth Street Finance Corp. (FSC) Alexander C. Frank bought 10,000 shares on Sept. 21, 2011 at an average price of $9.63. Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp. has a market cap of $674.6 million; its shares were traded at around $9.32 with a P/E ratio of 9.8 and P/S ratio of 9.5. The dividend yield of Fifth Street Finance Corp. stocks is 13.7%.

Net investment income for the quarter ended June 30, 2011 was $16.5 million or $0.25 per share, as compared to $12.0 million or $0.26 per share for the quarter ended June 30, 2010.

CEO Leonard M. Tannenbaum, CFO Alexander C. Frank, and Director Brian S. Dunn bought shares of FSC stock.

Benihana Inc. (BNHN): CFO J. David Flanery Bought 12,563 Shares

CFO of Benihana Inc. (BNHN) J. David Flanery bought 12,563 shares during the past week at an average price of $8.75. Benihana Inc. is an operator of Japanese teppanyaki-style restaurants. Benihana Inc. has a market cap of $143.7 million; its shares were traded at around $8.59 with a P/E ratio of 122.7 and P/S ratio of 0.4.

CFO J. David Flanery bought shares of BNHN 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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