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Weekly CFO Buys Highlight: LNDC, PTP, CMTL

October 30, 2011 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week are Landec Corp., Platinum Underwriters Holdings Ltd., and Comtech Telecommunications Corp.

Landec Corp. (LNDC): Vice President Finance and Administration and CFO Gregory S. Skinner Bought 10,000 Shares

Vice President Finance and Administration and CFO Landec Corp. (LNDC) Gregory S. Skinner bought 10,000 shares on 10/20/2011 at an average price of $5.65. Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, specialty industrial and medical applications. Landec Corp. has a market cap of $165.3 million; its shares were traded at around $6.26 with a P/E ratio of 19.6 and P/S ratio of 0.6. Landec Corp. had an annual average earnings growth of 7.4% over the past five years.

Landec Corporation reported results for the first quarter of fiscal year 2012 ended August 28, 2011. Revenues for the first quarter of fiscal year 2012 increased 13% to $73.3 million compared to revenues of $65.0 million for the first quarter a year ago. Net income was $1.8 million or $0.07 per share in the first quarter of fiscal year 2012 compared to $2.3 million or $0.09 per share for the first quarter of last year.

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 $1.28 billion; its shares were traded at around $34.42 with and P/S ratio of 1.3. 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.

Comtech Telecommunications Corp. (CMTL): Senior Vice President and CFO Michael Porcelain Bought 3,200 Shares

Senior Vice President and CFO of Comtech Telecommunications Corp. (CMTL) Michael Porcelain bought 3,200 shares on 10/21/2011 at an average price of $32.07. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech Telecommunications Corp. has a market cap of $783.8 million; its shares were traded at around $33.41 with a P/E ratio of 17.2 and P/S ratio of 1.3. The dividend yield of Comtech Telecommunications Corp. stocks is 3.2%. Comtech Telecommunications Corp. had an annual average earnings growth of 24.5% over the past 10 years. GuruFocus rated Comtech Telecommunications Corp. the business predictability rank of 2.5-star.

Comtech Telecommunications Corp. reported its operating results for the fourth quarter and fiscal year ended July 31, 2011. Net sales for the fourth quarter of fiscal 2011 were $140.3 million compared to $257.0 million for the fourth quarter of fiscal 2010. GAAP net income was $11.9 million, or $0.42 per diluted share, for the fourth quarter of fiscal 2011 compared to $13.5 million, or $0.43 per diluted share, for the fourth quarter of fiscal 2010.

Chairman, CEO and President Fred Kornberg, Senior Vice President and CFO Michael Porcelain, and Corporate Controller Michael Bondi bought shares of CMTL stock.

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

Rating: 4.5/5 (6 votes)

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