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Weekly CFO Buys Highlight: NBN, EMMS, STXS, FOE, NVTL

May 21, 2012 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Northeast Bancorp. (NBN): CFO and COO Claire S. Bean Bought 62,500 Shares

CFO and COO of Northeast Bancorp (NBN) Claire S. Bean bought 62,500 shares on 05/16/2012 at an average price of $8. Northeast Bancorp. (ME) is a savings and loan holding company whose primary assets is its subsidiary, Northeast Bank, F. Northeast Bancorp has a market cap of $35 million; its shares were traded at around $8 with a P/E ratio of 29.4 and P/S ratio of 0.7. The dividend yield of Northeast Bancorp stocks is 3.4%. Northeast Bancorp had an annual average earnings growth of 0.2% over the past 10 years.

Northeast Bancorp reported net income of $168 thousand, or $0.02 per diluted common share, for the quarter ended March 31, 2012. For the nine months ended March 31, 2012, the company earned net income of $1.1 million, or $0.23 per diluted common share. Results for the three and nine months ended March 31, 2012 include net income from discontinued operations of $14 thousand and $1.1 million, respectively.

CEO Richard Wayne, CFO and COO Claire S. Bean and Chief Administrative Officer Heather Campion bought shares of NBN stock.

Emmis Communications Cl A (EMMS): Executive Vice President and CFO Patrick M. Walsh Bought 52,705 Shares

Executive Vice President and CFO of Emmis Communications Cl A (EMMS) Patrick M. Walsh bought 52,705 shares during the past week at an average price of $1.3. Emmis Communications Corporation is a diversified media company with radio broadcasting and magazine publishing operations and pending approval from the FCC, television broadcasting operations. Emmis Communications Cl A has a market cap of $52.3 million; its shares were traded at around $1.49 with and P/S ratio of 0.2.

Executive Vice President, COO/CFO Patrick M. Walsh, member of 10% 13(d) group Jeffrey H. Smulyan, and Member of 10% owner 13D group LLC Hsjs, bought shares of EMMS stock.

Stereotaxis Inc. (STXS): CFO Samuel W. Duggan II Bought 50,000 Shares

CFO of Stereotaxis Inc. (STXS) Samuel W. Duggan II bought 50,000 shares on 05/11/2012 at an average price of $0.35. Stereotaxis designs, manufactures and markets an advanced cardiology instrument control system for use in a hospital's interventional surgical suite to enhance the treatment of coronary artery disease and arrhythmias. Stereotaxis Inc. has a market cap of $19.1 million; its shares were traded at around $0.28 with and P/S ratio of 0.5.

Stereotaxis Inc. reported financial results for the first quarter ended March 31, 2012. The net loss for the first quarter was $(5.8) million, or $(0.11) per share, compared to a net loss of $(9.5) million, or $(0.17) per share, reported for the first quarter 2011 and $(5.5) million, or $(0.10) per share, in the fourth quarter 2011. Revenue for the first quarter 2012 totaled $12.3 million, a 20% increase over the prior year quarterly revenue of $10.2 million and a 6% increase over fourth quarter 2011 revenue of $11.6 million.

CFO Samuel W. Duggan II and Director William M. Kelley bought 20,000 shares of STXS stock on 12/09/2011 at the average price of $0.94. William M. Kelley owns at least 42,600 shares after this.

Ferro Corp (FOE): Vice President and CFO Jeffrey L. Rutherford Bought 40,000 Shares

Vice President and CFO of Ferro Corp (FOE) Jeffrey L. Rutherford bought 40,000 shares on 05/08/2012 at an average price of $4.93. Ferro Corp is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. Ferro Corp has a market cap of $446.3 million; its shares were traded at around $4.17 with a P/E ratio of 11.2 and P/S ratio of 0.2.

Ferro Corporation announced net sales of $466 million for the three-month period ended March 31, 2012, compared with net sales of $573 million in the first quarter of 2011. The company recorded net income attributable to common shareholders of $1.3 million, or $0.01 per diluted share, in the 2012 first quarter, compared with $22.7 million, or $0.26 per diluted share, in the prior-year quarter.

Vice President and CFO Jeffrey L. Rutherford bought shares of FOE stock.

Novatel Wireless (NVTL): Senior Vice President Finance and CFO Kenneth Leddon Bought 25,000 Shares

Senior Vice President Finance and CFO of Novatel Wireless (NVTL) Kenneth Leddon bought 25,000 shares on 05/08/2012 at an average price of $2.01. Novatel Wireless Inc. is a provider of wireless data modems and software for use with handheld computing devices and portable personal computers. Novatel Wireless has a market cap of $72.3 million; its shares were traded at around $2.07 with and P/S ratio of 0.2.

Novatel Wireless Inc. reported preliminary financial results for the first quarter ended March 31, 2012. GAAP net loss was $37.9 million for the quarter. On a non-GAAP basis, which excludes the items identified in the attached reconciliation schedule, net loss for the quarter was $4.4 million, or 14 cents per share, versus a loss of 56 cents per share in the comparable quarter in 2011.

Senior Vice President Finance and CFO Kenneth Leddon and Senior Vice President and CTO Slim S. Souissi bought shares of NVTL stock.

For the complete list of stocks that were 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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