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Weekly CFO Buys Highlight

April 01, 2013 | About:

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:



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

Senior Vice President, Treasurer and CFO of Cumulus Media Inc. (NASDAQ:CMLS) Joseph Patrick Hannan bought 25,000 shares on 03/21/2013 at an average price of $3.3.

Cumulus Media Inc. is a Delaware corporation, organized in 2002, and successor by merger to an Illinois corporation with the same name that had been organized in 1997. Cumulus Media Inc. has a market cap of $591.6 million; its shares were traded at around $3.37 with a P/E ratio of 41.1 and P/S ratio of 0.5.

On March 18, 2013, Cumulus Media Inc. reported financial results for the three months and year ended Dec. 31, 2012. Net revenues for the three months ended Dec. 31, 2012 increased $2.9 million, or 1.0%, to $284.2 million, compared to $281.3 million for the three months ended Dec. 31, 2011. This increase reflects the impact of an increase in political advertising.

Director and 10% Owner Radio Investors LLC Crestview bought 1,478,228 shares of CMLS stock on 12/14/2012 at the average price of $2.41. Radio Investors LLC Crestview owns at least 60,635,311 shares after this. The price of the stock has increased by 39.83% since.

Patrick Industries Inc. (NASDAQ:PATK): Executive Vice President Finance and CFO Andy L. Nemeth Bought 10,000 Shares

Executive Vice President Finance and CFO of Patrick Industries Inc. (NASDAQ:PATK) Andy L. Nemeth bought 10,000 shares on 03/25/2013 at an average price of $14.67.

Patrick Industries Inc was founded in 1959 and incorporated in Indiana in 1961. Patrick Industries Inc. has a market cap of $168.3 million; its shares were traded at around $15.76 with a P/E ratio of 6.3 and P/S ratio of 0.4.

On Feb. 21, 2013, Patrick Industries Inc. reported its financial results for the fourth quarter and full year ended Dec. 31, 2012, including record net income for the full year endedDec. 31, 2012. Net sales for the fourth quarter of 2012 increased$27.8 million or 35.6%, to $106.1 million from$78.3 million in the same quarter of 2011. The increase was primarily attributable to a 54% increase in the company's revenue from the RV industry, which represented approximately 68% of its fourth quarter 2012 sales.

10% Owner Jeffrey L. Gendell Et Al sold 134,577 shares of PATK stock on 11/08/2012 at the average price of $19.27. Jeffrey L. Gendell Et Al owns at least 4,344,618 shares after this. The price of the stock has decreased by 18.21% 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.

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Rating: 3.0/5 (2 votes)

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