Free 7-day Trial
All Articles and Columns »

Weekly CFO Buys Highlight: BWEN, ENZ, PIP, HAFC, AACC

gurujk

gurujk

4 followers
According to GuruFocus Insider Data, the largest CFO buys during the past week Broadwind Energy Inc., Enzo Biochem Inc., PharmAthene Inc., Hanmi Financial Corp., and Asset Acceptance Capital Corp.

Broadwind Energy Inc. (BWEN): Executive Vice President and CFO Stephanie K. Kushner Bought 60,450 Shares

Executive Vice President and CFO of Broadwind Energy Inc. (BWEN) Stephanie K. Kushner bought 60,450 shares on 11/16/2011 at an average price of $0.4. Broadwind Energy Inc., headquartered in Naperville, Ill., owns, supports, grows and strategically positions companies that manufacture, install and maintain components for the energy industry, with a primary emphasis on the wind energy sector. Broadwind Energy Inc. has a market cap of $62.9 million; its shares were traded at around $0.4502 with and P/S ratio of 0.46.

Broadwind Energy Inc. reported sales of $47.9 million for the third quarter of 2011, a 41% increase compared to $34.0 million in the third quarter of 2010. The company reported a net loss from continuing operations of $6.6 million or $0.06 per share in the third quarter of 2011 compared to a loss of $7.3 million or $0.07 per share during the third quarter of 2010.

Executive Vice President and CFO Stephanie K. Kushner bought shares of BWEN stock.

10% Owner Jeffrey L. Gendell Et Al sold shares of BWEN stock.

Enzo Biochem Inc. (ENZ): President, CFO, Princ AO and Treasurer Barry W. Weiner Bought 20,000 Shares

President, CFO, Princ AO and Treasurer of Enzo Biochem Inc. (ENZ) Barry W. Weiner bought 20,000 shares on 11/16/2011 at an average price of $2.29. Enzo Biochem Inc. develops, manufactures and markets health care products based on molecular biology and genetic engineering techniques, and also provides diagnostic services to the medical community. Enzo Biochem Inc. has a market cap of $82.98 million; its shares were traded at around $2.15 with and P/S ratio of 0.81.

Enzo Biochem Inc. reported operating results for the quarter and fiscal year ended July 31, 2011. Total revenues increased to $26.8 million, up from $25.8 million in the preceding April 2011 quarter and from $24.9 million in the corresponding year-ago period. The net loss for the period declined to $4.0 million, or $0.11 per diluted share, from a net loss a year ago of $5.5 million or $0.15 per diluted share last year.

CEO and Secretary Elazar Rabbani and President, CFO, Princ AO and Treasurer Barry W. Weiner bought shares of ENZ stock on 11/16/2011 at the average price of 2.29.

PharmAthene Inc. (PIP): Senior Vice President and CFO Linda L. Chang Bought 10,000 Shares

Senior Vice President and CFO of PharmAthene Inc. (PIP) Linda L. Chang bought 10,000 shares on 11/16/2011 at an average price of $1.38. PharmAthene Inc. is a biodefense company formed to meet the critical needs of the United States by developing biodefense products. Pharmathene Inc. has a market cap of $65.11 million; its shares were traded at around $1.35 with and P/S ratio of 3.1.

Senior Vice President and CFO Linda L. Chang and Director Mitchel Sayare bought shares of PIP stock.

Senior Vice President, Medical Director Valerie D. Riddle and Director John Pappajohn sold shares of PIP stock.

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

Hanmi Financial Corp. (HAFC): Executive Vice President and CFO Lonny Duane Robinson Bought 12,500 Shares

Executive Vice President and CFO of Hanmi Financial Corp. (HAFC) Lonny Duane Robinson bought 12,500 shares on 11/18/2011 at an average price of $0.8. Hanmi Financial Corporation is the holding company for Hanmi Bank, one of the banks providing services to the multi-ethnic communities of Southern California with full service offices. Hanmi Financial Corp. has a market cap of $130.52 million; its shares were traded at around $0.8629 with a P/E ratio of 4.31 and P/S ratio of 0.77.

On Nov. 15, 2011, Hanmi Financial Corp., the holding company for Hanmi Bank, announced the pricing of its previously announced underwritten public offering of its common stock, raising aggregate gross proceeds of approximately $70 million (not including the potential exercise by the underwriter of its over-allotment option). The offering consisted of 87,500,000 shares of common stock at a price to the public of $0.80 per share. FBR Capital Markets & Co. is the underwriter for this offering. The Company also granted the underwriter a 30-day option to purchase up to 13,125,000 additional shares of common stock, solely to cover over-allotments, if any. The Company expected issuance and delivery of the shares of common stock to occur on November 18, 2011, subject to customary closing conditions.

CEO and President Jay S. Yoo, Executive Vice President and CFO Lonny Duane Robinson, and Director I Joon Ahn bought 50,000 shares of HAFC stock.

Asset Acceptance Capital Corp. (AACC): Senior Vice President Finance and CFO Reid E. Simpson Bought 10,000 Shares

Senior Vice President Finance and CFO of Asset Acceptance Capital Corp. (AACC) Reid E. Simpson bought 10,000 shares on 11/16/2011 at an average price of $2.97. Asset Acceptance provides credit originators, such as credit card issuers, consumer finance companies, retail merchants, utilities and others — an efficient alternative in recovering defaulted consumer debt. Asset Acceptance Capital Corp. has a market cap of $90.46 million; its shares were traded at around $2.95 with a P/E ratio of 10.17 and P/S ratio of 0.46.

Asset Acceptance Capital Corp. reported results for the quarter ended Sept. 30, 2011. Third quarter revenues were $56.6 million, an increase of $8.1 million compared to the prior year period. The company reported net income of $3.1 million, or $0.10 per fully diluted share, during the third quarter of 2011, compared to net income of $4.2 million, or $0.14 per fully diluted share, in the third quarter of 2010.

Senior Vice President Finance and CFO Reid E. Simpson bought shares of AACC 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.

» Take a Free Trial of Premium Membership


Rating: 3.3/5 (3 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide