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:
MGIC Investment Corporation (NYSE:MTG): Executive Vice President and CFO Jon Michael Lauer Bought 100,000 Shares
Executive Vice President and CFO of MGIC Investment Corporation (NYSE: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. (NYSE:TTI): Senior Vice President and CFO Elijio V. Serrano Bought 11,000 Shares
Senior Vice President and CFO of Tetra Technologies Inc. (NYSE: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.
- 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.