Weekly CFO Buys Highlight: CEP, JNS, CRMD, VAC, TICC

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Dec 26, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week Constellation Energy Partners LLC, Janus Capital Group Inc., CorMedix Inc., Marriott Vacations Worldwide, TICC Capital Corp., and Crumbs Bake Shop Inc.


Constellation Energy Partners LLC (CEP, Financial): CFO and Treasurer Charles C. Ward Bought 20,000 Shares


CFO and Treasurer of Constellation Energy Partners LLC (CEP) Charles C. Ward bought 20,000 shares on 12/22/2011 at an average price of $2. Constellation Energy Partners LLC, is a limited liability company focused on the acquisition, development and production of oil and natural gas properties, as well as related midstream assets. Constellation Energy Partners LLC has a market cap of $50.2 million; its shares were traded at around $2.1101 with a P/E ratio of 4.9 and P/S ratio of 0.3.


On Nov. 4, 2011, Constellation Energy Partners LLC reported third quarter 2011 results. Adjusted EBITDA for the third quarter was $12.7 million. Year-to-date, Adjusted EBITDA was $82.8 million, which includes $41.3 million in hedge settlements related to the hedge restructuring that the company announced in June 2011. The company recorded net income of $7.5 million for the third quarter 2011 and $5.6 million for the year-to-date.


CFO and Treasurer Charles C. Ward and 10% Owner Energy Corp Postrock bought shares of CEP stock.


10% Owner Energy Group Inc. Constellation sold shares of CEP stock.


Janus Capital Group Inc. (JNS, Financial): Executive Vice President and CFO Bruce L. Koepfgen Bought 17,100 Shares


Executive Vice President and CFO of Janus Capital Group Inc (JNS) Bruce L. Koepfgen bought 17,100 shares on 12/21/2011 at an average price of $5.86. Janus Capital Group Inc. is a asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm's global distribution network. Janus Capital Group Inc has a market cap of $1.18 billion; its shares were traded at around $6.3 with a P/E ratio of 7.2 and P/S ratio of 1.1. The dividend yield of Janus Capital Group Inc stocks is 3.2%.


Janus Capital Group Inc reported third quarter net income of $27.4 million, or $0.15 per diluted share, compared with net income of $41.9 million, or $0.23 per diluted share, in the second quarter 2011 and net income of $32.5 million, or $0.18 per diluted share, in the third quarter 2010. Average assets under management during the third quarter 2011 were $155.9 billion compared with $171.6 billion during the second quarter 2011 and $155.2 billion during the third quarter 2010.


Executive Vice President and CFO Bruce L. Koepfgen bought shares of JNS stock.


CorMedix Inc. (CRMD, Financial): CFO, Treasurer and Secretary Brian Lenz Bought 14,000 Shares


CFO, Treasurer and Secretary of CorMedix Inc. (CRMD) Brian Lenz bought 14,000 shares on 12/14/2011 at an average price of $0.34. CorMedix Inc. is a development-stage pharmaceutical company that seeks to in-license, develop and commercialize therapeutic products for the treatment of cardiac and renal dysfunction, also known as cardiorenal disease. Cormedix Inc. has a market cap of $3.3 million; its shares were traded at around $0.28.


On Nov. 10, 2011, the company announced its results for the third quarter ended Sept. 30, 2011. The net loss for the three months ended Sept. 30, 2011 was $2.6 million, or $0.23 per diluted share, compared to a net loss of $1.4 million, or $0.12 per diluted share, for the third quarter 2010.


CFO, Treasurer and Secretary Brian Lenz, Director Steven W. Lefkowitz, and Director Gary A. Gelbfish bought shares of CRMD stock.


Marriott Vacations Worldwide (VAC, Financial): Executive Vice President and CFO John E. Geller Jr. Bought 10,000 Shares


Executive Vice President and CFO of Marriott Vacations Worldwide (VAC) John E. Geller Jr. bought 10,000 shares on 12/20/2011 at an average price of $18.54. Marriott Vacations Worldwide has a market cap of $578.1 million; its shares were traded at around $17.15 .


Marriott International Inc. reported fourth-quarter and full-year 2010 results. Fourth-quarter 2010 adjusted net income totaled $150 million, a 27 percent increase compared to fourth quarter 2009 adjusted net income. Reported net income totaled $173 million in the fourth quarter of 2010 compared to $106 million in the year-ago quarter.


President and CEO Stephen P. Weisz and Executive Vice President and CFO John E. Geller Jr. bought shares of VAC stock.


13D Group Owning More Than 10% J. W. Marriott Jr. sold 100 shares of VAC stock.


TICC Capital Corp. (TICC, Financial): CFO, CCO and Secretary Patrick Conroy Bought 10,000 Shares


CFO, CCO and Secretary of TICC Capital Corp. (TICC) Patrick Conroy bought 10,000 shares on 12/21/2011 at an average price of $8.5. TICC Capital Corp. is a business development company primarily engaged in providing capital to technology-related companies. TICC Capital Corp. has a market cap of $289 million; its shares were traded at around $8.83 with a P/E ratio of 9.8 and P/S ratio of 8.7. The dividend yield of TICC Capital Corp. stocks is 11.3%.


TICC Capital Corp. announced its financial results for the fourth quarter ended Sept. 30, 2011. Net income was approximately $11.6 million, or approximately $40.36 per share. Total investment income amounted to about $11.1 million.


CFO, CCO and Secretary Patrick Conroy, Director Charles M. Royce, and President and COO Saul B. Rosenthal bought shares of TICC stock.


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