Weekly CFO Buys Highlight
MGIC Investment Corporation (MTG): Executive Vice President and CFO Jon Michael Lauer Bought 100,000 Shares
Executive Vice President and CFO of MGIC Investment Corporation (MTG) Jon Michael Lauer bought 100,000 shares during the past week at an average price of $3.79.
MGIC Investment Corporation is a Wisconsin corporation organized in 1984. MGIC Investment Corporation has a market cap of $993.314 million; its shares were traded at around $4.91 with and P/S ratio of 0.7192.
On Feb. 28, 2013 MGIC Investment Corporation reported a net loss for the quarter ended Dec. 31, 2012 of $386.7 million, compared with a net loss of $135.3 million for the same quarter a year ago. The quarterly loss includes a previously announced onetime charge of $267.5 million which was recorded to reflect the settlement of the Freddie Mac pool dispute. Diluted loss per share was $1.91 for the quarter ending Dec. 31, 2012, compared to diluted loss per share of $0.67 for the same quarter a year ago. The net loss for the full year ending Dec. 31, 2012 was $927.1 million, compared to a net loss of $485.9 million for the full year 2011. For the full year 2012, diluted loss per share was $4.59 compared to a diluted loss per share of $2.42 for the full year 2011.
Senior Vice President James A. Karpowicz sold 839 shares of MTG stock on 10/15/2012 at the average price of $1.56. James A. Karpowicz owns at least 208,349 shares after this.
Tetra Technologies Inc. (TTI): Senior Vice President and CFO Elijio V. Serrano Bought 11,000 Shares
Senior Vice President and CFO of Tetra Technologies Inc. (TTI) Elijio V. Serrano bought 11,000 shares on 03/08/2013 at an average price of $9.09.
Tetra Technologies Inc. incorporated in Delaware in 1981. Tetra Technologies Inc. has a market cap of $788.256 million; its shares were traded at around $10.08 with a P/E ratio of 50.5051 and P/S ratio of 0.8922. Tetra Technologies Inc. had an annual average earnings growth of 2.2% over the past 10 years.
On Nov. 6, 2012, Tetra Technologies Inc. announced third quarter 2012 net income from continuing operations attributable to Tetra stockholders of $0.10 per fully diluted share compared to $0.02 per fully diluted share reported in the third quarter of 2011. Such results for the third quarter of 2012 include special charges to pretax income of $3.0 million and a pretax loss by the Maritech segment of $9.2 million that aggregate to a net charge of approximately $0.10 per share after tax, compared to special charges to pretax income and a pretax loss by the Maritech segment that aggregated to approximately $0.16 per share after tax in the third quarter of 2011.
Director Thomas R. Bates Jr. bought 20,000 shares of TTI stock on 11/14/2012 at the average price of $5.63. Thomas R. Bates Jr. owns at least 75,444 shares after this. The price of the stock has increased by 79.04% since.
For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.