Free 7-day Trial
All Articles and Columns »

Weekly CFO Buys Highlight: BWEN, SGGH, ICAD, CMLS, MCP

gurujk

gurujk

5 followers
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:



Broadwind Energy Inc. (BWEN): Executive Vice President and CFO Stephanie K. Kushner Bought 100,000 Shares

Executive Vice President and CFO of Broadwind Energy Inc. (BWEN) Stephanie K. Kushner bought 100,000 shares on 08/16/2012 at an average price of $0.22. 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 $32.2 million; its shares were traded at around $2.26 with and P/S ratio of 0.2.

Broadwind Energy Inc. reported sales of $56.3 million for the second quarter of 2012, a 43% increase compared to $39.3 million in the second quarter of 2011. The company reported a net loss from continuing operations of $4.2 million or $.03 per share in the second quarter of 2012, compared to a loss of $4.4 million or $.04 per share during the second quarter of 2011.

President and CEO Peter C. Duprey and Executive Vice President and CFO Stephanie K. Kushner bought shares of BWEN stock.

10% Owner Marxe Austin W & Greenhouse sold shares of BWEN stock.

Signature Group Holding, Inc. (SGGH): Executive Vice President; CFO Kyle Ross Bought 50,000 Shares

Executive Vice President; CFO of Signature Group Holdings Inc. (SGGH) Kyle Ross bought 50,000 shares on 08/21/2012 at an average price of $0.29. Signature Group Holdings Inc., formerly known as Fremont General Corporation, is a credit-oriented special situations investment company that invests in the debt and equity of small and middle market companies. Signature Group Holdings Inc. has a market cap of $37.2 million; its shares were traded at around $0.28 with and P/S ratio of 2.1.

Signature Group Holdings Inc. announced financial results for the second quarter ended June 30, 2012. Total revenues from continuing operations rose to $9.8 million in the second quarter of 2012 versus $1.3 million in the second quarter of 2011 The net loss for the second quarter of 2012 was $3.9 million, or $0.03 per share, a decrease of $2.3 million from the $6.2 million loss or $0.05 per share reported for the second quarter of 2011.

Executive Vice President and CFO Kyle Ross, Director Robert Schwab, and Senior Vice President, Counsel and Secretary David N. Brody bought shares of SGGH stock.

iCAD INC. (ICAD): Executive Vice President of Finance, CFO Kevin C. Burns Bought 28,939 Shares

Executive Vice President of Finance, CFO of iCAD Inc. (ICAD) Kevin C Burns bought 28,939 shares on 08/17/2012 at an average price of $2.9. iCAD Inc. designs, engineers, develops and manufactures digital image scanners, densitometers, film digitizers and related software for applications in the graphic arts, medical imaging and life sciences markets. iCAD Inc. has a market cap of $31.2 million; its shares were traded at around $2 with and P/S ratio of 1.1.

iCAD Inc. reported financial results for the three and six months ended June 30, 2012. Total revenue for the second quarter of 2012 decreased 11% to $5.9 million from $6.6 million for the second quarter of 2011.

Executive VP of Finance and CFO Kevin C. Burns and Director Elliot J. Sussman, M.D., MBA bought shares of ICAD stock.

Cumulus Media Inc. (CMLS): Senior Vice President, Treasurer and CFO Joseph Patrick Hannan Bought 25,000 Shares

Senior Vice President, Treasurer and CFO of Cumulus Media Inc. (CMLS) Joseph Patrick Hannan bought 25,000 shares on 08/16/2012 at an average price of $2.69. Cumulus Media Inc. is a radio broadcasting company focused on acquiring, operating and developing radio stations in mid-size radio markets in the United States. Cumulus Media Inc. has a market cap of $427.4 million; its shares were traded at around $2.72 with a P/E ratio of 8 and P/S ratio of 0.8. Cumulus Media Inc. had an annual average earnings growth of 1.9% over the past 10 years.

Cumulus Media Inc. reported financial results for the three and six months ended June 30, 2012. Net revenues for the three months ended June 30, 2012 increased $218.8 million, or 351.5%, to $281.0 million, compared to $62.2 million for the three months ended June 30, 2011. Net revenues for the six months ended June 30, 2012 increased $403.1 million, or 353.9%, to $517.0 million, compared to $113.9 million for the six months ended June 30, 2011.

Senior Vice President, Treasurer and CFO Joseph Patrick Hannan bought shares of CMLS stock.

Molycorp Inc. (MCP): Executive Vice President and CFO Michael F. Doolan Bought 25,000 Shares

Executive Vice President and CFO of Molycorp Inc. (MCP) Michael F. Doolan bought 25,000 shares on 08/22/2012 at an average price of $10. Molycorp Inc. produces rare earth oxide (REO) in the Western hemisphere. Molycorp Inc. has a market cap of $948.7 million; its shares were traded at around $9.61 with a P/E ratio of 9 and P/S ratio of 2.4.

President and CEO Mark A. Smith, Executive Vice President and CFO Michael F. Doolan, and 10% Owner Y Metales S.a. Molibdenos bought shares of MCP stock.

For the complete list of stocks that 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.

» Take a Free Trial of Premium Membership


Rating: 3.8/5 (4 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
Email Hide