Weekly CFO Buys Highlight: CALX, PSEC, FXCM, GMO, NEON

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Sep 17, 2012
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:




Calix Inc. (CALX, Financial): Executive Vice President and CFO Michael Ashby Bought 50,000 Shares


Executive VP and CFO of Calix Inc. (CALX) Michael Ashby bought 50,000 shares on 09/10/2012 at an average price of $5.57. Calix Networks Inc. manufactures and markets telecommunication and access network management solutions. Calix Inc. has a market cap of $272.89 million; its shares were traded at around $6.64 with and P/S ratio of 0.79.


Calix Inc. announced unaudited financial results for the second quarter ended June 30, 2012. Revenue for the second quarter of 2012 was $78.9 million, a decrease of 19.4% compared to $98.0 million for the second quarter of 2011. Non-GAAP net income for the second quarter of 2012 was $1.9 million, or $0.04 per fully diluted share. Non-GAAP net income was $7.8 million, or $0.16 per fully diluted share, for the second quarter of 2011.


Executive Vice President and CFO Michael Ashby and Director Donald J. Listwin bought shares of CALX stock.


Prospect Capital Corporation (PSEC, Financial): CFO, CCO, Treasury and Secretary Brian H. Oswald Bought 23,500 Shares


CFO, CCO, Treasury and Secretary of Prospect Capital Corporation (PSEC) Brian H. Oswald bought 23,500 shares on 09/07/2012 at an average price of $11.69. Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital Corporation has a market cap of $1.94 billion; its shares were traded at around $12.06 with a P/E ratio of 7.25 and P/S ratio of 6.05. The dividend yield of Prospect Capital Corporation stocks is 10.45%.


Prospect Capital Corporation announced financial results for our fourth fiscal quarter and fiscal year ended June 30, 2012. For the June 2012 fiscal year, net investment income ("NII") was $186.7 million, an increase of 98% from the prior year on a dollars basis. On a weighted average share basis, NII increased from $1.10 for the June 2011 fiscal year to $1.63 for the June 2012 fiscal year, an increase of 48%.


CFO, CCO, Treasury and Secretary Brian H. Oswald and Director Eugene S. Stark bought shares of PSEC stock.


FXCM Inc. (FXCM, Financial): CFO Robert Lande Bought 9,300 Shares


CFO of FXCM Inc. (FXCM) Robert Lande bought 9,300 shares on 09/12/2012 at an average price of $9.27. FXCM Inc. is an online provider of foreign exchange, trading and related services to retail and institutional customers globally. Fxcm Inc has a market cap of $315.08 million; its shares were traded at around $9.83 with a P/E ratio of 13.43 and P/S ratio of 0.76. The dividend yield of Fxcm Inc stocks is 2.59%.


FXCM Inc. announced for the quarter ended June 30, 2012, revenues under US GAAP of $91.7 million, compared to $103.3 million for the quarter ended June 30, 2011, a decrease of 11%. Net Income was $7.9 million for the second quarter 2012, compared to $15.6 million for the second quarter 2011, a decrease of 50%.


CFO Robert Lande, See Remarks Ornit Niv, and COO David Sakhai bought shares of FXCM stock.


General Moly Inc. (GMO, Financial): CFO David Chaput Bought 5,000 Shares


CFO of General Moly Inc. (GMO) David Chaput bought 5,000 shares on 09/10/2012 at an average price of $2.78. General Moly is a U.S.-based molybdenum mineral exploration and development company listed on the American Stock Exchange and the Toronto Stock Exchange under the symbol GMO. General Moly Inc. has a market cap of $249.98 million; its shares were traded at around $3.19.


General Moly Inc. announced its unaudited financial results for the third quarter ended September 30, 2011. Net loss for the three months ended Sept. 30, 2011 was $2.4 million ($0.03 per share), compared to a loss of $6.3 million ($0.09 per share) for the year ago period. Net loss for the nine months ended Sept. 30, 2011 was $11.9 million ($0.13 per share), compared to a loss of $12.4 million ($0.17 per share) for the year ago period.


CEO Bruce D. Hansen, CFO David Chaput, and Corporate Counsel, Vice President HR R Scott Roswell bought shares of GMO stock.


Neonode Inc. (NEON, Financial): Vice President Finance and CFO David W. Brunton Bought 4,500 Shares


Vice President Finance and CFO of Neonode Inc. (NEON) David W. Brunton bought 4,500 shares on 09/07/2012 at an average price of $3.36. Neonode is a company that designs, develops and sells patented technologies and products focused on unique user experiences. Neonode Inc. has a market cap of $117.82 million; its shares were traded at around $4 with and P/S ratio of 19.42.


Neonode Inc. reported financial results for its second quarter and six months ended June 30, 2012. For the second quarter ended June 30, 2012, net revenues increased 598% to $2.0 million, compared to $283,000 for the same period in 2011. Net loss for the second quarter was $3.4 million, or $0.10 loss per share, compared with net loss of $2.7 million, or $0.10 loss per share, for the comparable quarter last year.


Vice President Finance and CFO David W. Brunton and Director, 10% Owner Per Ivar Gosta Bystedt bought shares of NEON stock.


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