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Weekly CFO Buys Highlight: ASBB, PTP, MASC

October 23, 2011 | About:
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gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week ASB Bancorp Inc., Platinum Underwriters Holdings Ltd., and Material Sciences Corp.

ASB Bancorp Inc. (ASBB): Executive Vice President and CFO Kirby A. Tyndall Bought 10,000 Shares

Executive Vice President and CFO of ASB Bancorp Inc. (ASBB) Kirby A. Tyndall bought 10,000 shares on 10/11/2011 at an average price of $10.

ASB Bancorp Inc. announced that it has completed the conversion of the Bank from the mutual form of organization to the stock form of organization as well as its subscription and community offering.

President & CEO Suzanne S. Deferie, Executive Vice President and CFO Kirby A. Tyndall bought, Director Kenneth E. Hornowski bought shares of ASBC stock.

Platinum Underwriters Holdings Ltd. (PTP): Executive Vice President and CFO Allan Carl Decleir Bought 3,300 Shares

Executive Vice President and CFO of Platinum Underwriters Holdings Ltd. (PTP) Allan Carl Decleir bought 3,300 shares on 10/20/2011 at an average price of $30.12. Platinum Underwriters Holdings Ltd. provides property and casualty reinsurance coverages to a diverse clientele on a worldwide basis. Platinum Underwriters Holdings Ltd. has a market cap of $1.22 billion; its shares were traded at around $32.74 with and P/S ratio of 1.2. The dividend yield of Platinum Underwriters Holdings Ltd. stocks is 1%.

Platinum Underwriters Holdings Ltd. reported a net loss of $53.5 million and a loss per common share of $1.43 for the quarter ended Sept. 30, 2011. Total assets were $4.7 billion as of Sept. 30, 2011, an increase of $133.7 million (or 2.9%) from $4.6 billion as of Dec. 31, 2010.

Platinum U.S. President and CEO H. Elizabeth Mitchell and Executive Vice President and CFO Allan Carl Decleir bought shares of PTP stock.

Material Sciences Corp. (MASC): Vice President, CFO, CC and CS James D. Pawlak Bought 2,400 Shares

Vice President, CFO, CC and CS of Material Sciences Corp. (MASC) James D. Pawlak bought 2,400 shares on 10/12/2011 at an average price of $7.05. Material Sciences Corporation develops, manufactures and markets continuously processed, coated and laminated materials. Material Sciences Corp. has a market cap of $93 million; its shares were traded at around $7.97 with a P/E ratio of 8.5 and P/S ratio of 0.7.

Material Sciences Corporation reported a continuation of its strong operating performance for the three months ended Aug. 31, 2011. Net sales for the latest quarter rose 3.9% to $34.4 million versus $33.1 million for the same period last year, led by stronger sales of coated metal products. Net income, at $3.0 million, or 26 cents per common share, was down from last year's second quarter performance of $3.9 million, or 31 cents per common share on a non-adjusted basis.

Vice President, CFO, CC and CS James D. Pawlak bought shares of MASC stock.

Director, 10% Owner Frank L. Hohmann III sold shares of MASC stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.


Rating: 2.0/5 (3 votes)

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