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Weekly CFO Buys Highlight: PTSX, RSH, PNK, FNFG

August 06, 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:

Point.360 (PTSX): CFO Alan R. Steel Bought 130,000 Shares

CFO of Point.360 (PTSX) Alan R. Steel bought 130,000 shares on 08/02/2012 at an average price of $0.34. Point 360 is integrated media management services company providing film, video and audio post-production, archival, duplication, computer graphics and distribution services to motion pictures studios, television networks, independent production companies and multinational companies. Point.360 has a market cap of $5.47 million; its shares were traded at around $0.52 with and P/S ratio of 0.16.

Point.360 announced results for the three and nine month periods ended March 31, 2012, including sales of $26.0 million and loss per share of $0.02 for the nine months ended March 31, 2012. For the quarter ended March 31, 2012, the Company's sales were $8.5 million generating a loss of $0.03 per share. Revenue for the quarter ended March 31, 2012 totaled $8.5 million compared to $9.3 million in the same quarter last year. Revenues for the nine months ended March 31, 2012 were $26.0 million compared to $26.6 million last year.

CEO, 10% Owner Haig S. Bagerdjian and CFO Alan R. Steel bought shares of PTSX stock.

RadioShack Corporation (RSH): Executive Vice President, CFO and Chief Administrative Officer Dorvin D. Lively Bought 25,000 Shares

Executive Vice President, CFO and Chief Administrative Officer of RadioShack Corporation (RSH) Dorvin D. Lively bought 25,000 shares on 07/27/2012 at an average price of $2.53. RadioShack Corporation is one of the nation's largest and most trusted consumer electronics retailers in the United States, and offers both on- and off-line shopping convenience. RadioShack Corporation has a market cap of $273.43 million; its shares were traded at around $2.73 with and P/S ratio of 0.06. The dividend yield of RadioShack Corporation stocks is 18.18%. RadioShack Corporation had an annual average earnings growth of 0.1% over the past five years.

RadioShack Corporation reported its results for the second quarter ended June 30, 2012. Total net sales and operating revenue of $953.2 million, an increase of 1.2% versus last year. Net loss of $21.0 million, or $0.21 per diluted share, compared to net income of $24.9 million, or $0.24 per diluted share, last year.

Executive Vice President, CFO and Chief Administrative Officer Dorvin D. Lively, Director Jack L. Messman, and Director Daniel R. Feehan bought shares of RSH stock.

Pinnacle Entertainment Inc. (PNK): Executive Vice President and CFO Carlos Ruisanchez Bought 20,000 Shares

Executive Vice President and CFO of Pinnacle Entertainment Inc (PNK) Carlos Ruisanchez bought 20,000 shares on 07/26/2012 at an average price of $9.62. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, La. Pinnacle Entertainment Inc. has a market cap of $682.24 million; its shares were traded at around $10.92 with a P/E ratio of 9.65 and P/S ratio of 0.6.

Pinnacle Entertainment Inc. reported financial results for the second quarter ended June 30, 2012. In the 2012 second quarter, revenues increased 3.1% or $8.9 million year over year to $298.3 million. Operating income increased $16.9 million or 77% year over year to $38.8 million in the 2012 second quarter. Income from continuing operations was $12.9 million in the 2012 second quarter versus a loss of $4.9 million in the prior year period.

President and CEO Anthony Michael Sanfilippo and Executive Vice President and CFO Carlos Ruisanchez bought shares of PNK stock.

Sequenom Inc. (SQNM): CFO Paul V. Maier Bought 10,000 Shares

CFO of Sequenom Inc. (SQNM) Paul V. Maier bought 10,000 shares on 08/01/2012 at an average price of $2.86. Sequenom Inc. is in the field of industrial genomics. Sequenom Inc. has a market cap of $358.51 million; its shares were traded at around $3.14 with and P/S ratio of 6.41. Sequenom Inc. had an annual average earnings growth of 14.5% over the past five years.

Sequenom Inc. reported revenue of $18.3 million for the second quarter of 2012, an increase of 23% from revenue of $14.9 million in the first quarter of 2012 and a 38% increase compared to revenue of $13.3 million for the second quarter of 2011.

CEO Harry F. Hixson Jr., CFO Paul V. Maier, and Executive Vice President R&D Ronald M. Lindsay bought shares of SQNM stock.

First Niagara Financial Group Inc. (FNFG): CFO Gregory W. Norwood Bought 10,000 Shares

CFO of First Niagara Financial Group Inc. (FNFG) Gregory W. Norwood bought 10,000 shares on 08/02/2012 at an average price of $7.47. First Niagara Financial Group Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $2.75 billion; its shares were traded at around $7.82 with a P/E ratio of 9.19 and P/S ratio of 2.1. The dividend yield of First Niagara Financial Group Inc. stocks is 4.1%. First Niagara Financial Group Inc. had an annual average earnings growth of 3.5% over the past 10 years.

President and CEO John R. Koelmel, CFO Gregory W. Norwood, and Executive Vice President Corporate Development Oliver Sommer bought shares of FNFG stock.

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

Rating: 2.5/5 (2 votes)

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