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Weekly CFO Buys Highlight: FNBN, PTEK, VNR, DNR

January 07, 2013 | 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:



FNB United Corp (FNBN): CFO David L. Nielsen Bought 42,676 Shares

CFO of FNB United Corp (FNBN) David L. Nielsen bought 42,676 shares during the past week at an average price of $11.13. FNB United Corp. was incorporated under the laws of the State of North Carolina in 1984. FNB United Corp has a market cap of $243.945 million; its shares were traded at around $11.3 with and P/S ratio of 2.8.

CFO David L. Nielsen, Director Brian E. Simpson and Director Robert L. Reid bought shares of FNBN stock.

PokerTek Inc. (PTEK): CEO and CFO Mark Daniel Roberson Bought 4,000 Shares

CEO and CFO of PokerTek Inc. (PTEK) Mark Daniel Roberson bought 4,000 shares on 12/26/2012 at an average price of $1.08. PokerTek Inc. is a North Carolina corporation founded in 2003. Pokertek Inc. has a market cap of $13.8 million; its shares were traded at around $1.54 with and P/S ratio of 1.1.

PokerTek Inc. reported financial results for the period ended Sept. 30, 2012. Total revenue was $3.8 million for the first nine months of 2012 compared to $5.2 million in 2011, a reduction of 25.7%. Net loss from continuing operations improved 45.4% to $662 thousand ($0.09 per share) for the first nine months of 2012 from $1.2 million ($0.18 per share) in 2011.

CEO and CFO Mark Daniel Roberson, Director Joseph J. Lahti and President, 10% Owner James T. Crawford III bought shares of PTEK stock.

Vanguard Natural Resources LLC (VNR): Executive Vice President and CFO Richard A. Robert Bought 3,696 Shares

Executive Vice President and CFO of Vanguard Natural Resources LLC (VNR) Richard A. Robert bought 3,696 shares on 12/31/2012 at an average price of $25.37. Vanguard Natural Resources LLC was formed in October 2006. Vanguard Natural Resources LLC has a market cap of $1.62 billion; its shares were traded at around $27.44 with a P/E ratio of 16 and P/S ratio of 5. The dividend yield of Vanguard Natural Resources LLC stocks is 9.1%.

Vanguard Natural Resources LLC reported financial and operational results for the quarter ended Sept. 30, 2012. The company reported net income attributable to Vanguard unitholders for the first nine months of 2012 of $32.7 million or $0.62 per basic unit compared to net income of $77.3 million or $2.56 per basic unit in the first nine months of 2011.

Executive Vice President and CFO Richard A. Robert, Executive Vice President and CFO Scott W. Smith, and Vice President of Engineering Britt Pence bought shares of VNR stock.

Denbury Resources Inc. (DNR): Senior Vice President and CFO Mark C. Allen Bought 1,149 Shares

Senior Vice President and CFO of Denbury Resources Inc. (DNR) Mark C. Allen bought 1,149 shares on 12/31/2012 at an average price of $16.12. Denbury Resources Inc. was originally incorporated in Canada in 1951. Denbury Resources Inc. has a market cap of $6.49 billion; its shares were traded at around $16.77 with a P/E ratio of 10.3 and P/S ratio of 2.6. Denbury Resources Inc. had an annual average earnings growth of 11.9% over the past 10 years. GuruFocus rated Denbury Resources Inc. the business predictability rank of 3-star.

Denbury Resources Inc. announced adjusted net income (a non-GAAP measure) of $127 million for the third quarter of 2012, or $0.33 per diluted share, on quarterly revenues of $595 million. This compares to $148 million of adjusted net income, or $0.37 per diluted share, on revenues of $572 million for the prior year third quarter, and $138 million of adjusted net income, or $0.35 per diluted share, on revenues of $597 million for the second quarter of 2012.

CEO Phil Rykhoek, Senior Vice President and CFO Mark C. Allen and Senior Vice President of CO2 Operations Robert L. Cornelius bought shares of DNR 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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