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Weekly Insider Sells Highlight: RAD, KOS, SNDK, AFOP

April 29, 2014 | About:
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According to GuruFocus Insider Data, the largest insider sells during the past week were: Rite Aid Corp., Kosmos Energy Ltd., SanDisk Corp., Crown Holdings Inc. and Alliance Fiber Optic Products Inc.

The overall trend of insiders is illustrated in the chart below:

Rite Aid Corp (NYSE:RAD): SEVP Frank Vitrano Sold 1,913,925 Shares

SEVP Frank Vitrano sold 1,913,925 shares of RAD stock on 04/21/2014 at the average price of $7.08. Frank Vitrano owns at least 1,183,384 shares after this. The price of the stock has decreased by 1.84% since.

Rite Aid Corporation, a Delaware corporation was incorporated in 1968. Rite Aid Corp has a market cap of $6.75 billion; its shares were traded at around $6.95 with a P/E ratio of 38.60 and P/S ratio of 0.27. Rite Aid Corp had an annual average earnings growth of 18.10% over the past 5 years.

The company recently released its fiscal fourth quarter 2014 results ended March 1, 2014. Quarterly net income was $55.4 million ($0.06 per diluted share) compared to net income of $123.1 million ($0.13 per share) a year ago. Total revenues were $6.6 billion, and adjusted EBITDA was $356.3 million.

EVP Marc A Strassler, and EVP Robert Ivan Thompson both also sold shares of RAD stock over the week.

Kosmos Energy Ltd. (NYSE:KOS): Executive VP and CFO W. Greg Dunlevy Sold 201,985 Shares

Executive VP and CFO of Kosmos Energy Ltd. (NYSE:KOS) W. Greg Dunlevy sold 201,985 shares during the past week at an average price of $11.

Kosmos Energy Ltd. was incorporated pursuant to the laws of Bermuda as Kosmos Energy Ltd. Kosmos Energy Ltd. has a market cap of $4.24 billion; its shares were traded at around $10.94 with and P/S ratio of 4.84.

Kosmos Energy reported fourth quarter 2013net income of $4 million. For its full year 2013, the company reported a net loss of $91 million, or $0.24 per diluted share.

Chief Exploration Officer Brian F. Maxted sold 57,360 shares of KOS stock on 04/24/2014 at the average price of $11. SVP, Chief Geoscientist Paul A. Dailly and other insiders also sold shares.

SanDisk Corp (NASDAQ:SNDK): Executive VP Administration, CFO Judy Bruner Sold 39,300 Shares

Executive VP, Administration, CFO Judy Bruner sold 39,300 shares of SNDK stock on 04/21/2014 at the average price of $83.42. Judy Bruner owns at least 45,875 shares after this. The price of the stock has increased by 1.15% since.

Sandisk Corp was incorporated in Delaware in June 1988 under the name SunDisk Corp and changed its name to SanDisk Corporation in August 1995. Sandisk Corp has a market cap of $19.03 billion; its shares were traded at around $84.38 with a P/E ratio of 19.40 and P/S ratio of 3.29. The dividend yield of Sandisk Corp stocks is 0.80%. Sandisk Corp had an annual average earnings growth of 14.60% over the past five years.

Sandisk Corp recently released its first quarter 2014 results ended March 30, 2014. First quarter revenue increased by 13% year-over-year to $1.51 billion, while GAAP net income increased to $330 million from $207 million last year.

SVP, Corporate Marketing and GM Retail BU Yehoshua Nir sold 780 shares of SNDK stock on 04/24/2014 at the average price of $85.31. VP and Chief Accounting Officer Donald F. Robertson Jr. sold 1,380 shares of SNDK stock on 04/23/2014 at the average price of $84.75.

Crown Holdings Inc. (CCK): Senior Vice President and CFO Thomas A. Kelly Sold 28,244 Shares

Senior Vice President and CFO Thomas A. Kelly sold 28,244 shares of CCK stock on 04/25/2014 at the average price of $47.5. Thomas A. Kelly owns at least 60,007 shares after this. The price of the stock has decreased by 0.08% since.

Crown Holdings Inc. designs, manufactures and sells packaging products for consumer goods. Crown Holdings Inc. has a market cap of $6.58 billion; its shares were traded at around $47.46 with a P/E ratio of 20.70 and P/S ratio of 0.76. Crown Holdings Inc. had an annual average earnings growth of 10.70% over the past 10 years. GuruFocus rated Crown Holdings Inc. the business predictability rank of 3-star.

Crown Holdings Inc. has released its first quarter 2014 results ended March 31, 2014. Net sales in this quarter were $1.99 billion compared to $1.97 billion last year. Net income was $24 million compared to $41 million last year. Net income per share before certain items was $0.57 versus $0.50 a year ago.

Chairman and CEO John W. Conway sold 45,319 shares of CCK stock on 04/25/2014 at the average price of $47.51.

Alliance Fiber Optic Products Inc. (NASDAQ:AFOP): Acting CFO Anita K. Ho Sold 23,640 Shares

Acting CFO Anita K. Ho sold 23,640 shares of AFOP stock on 04/21/2014 at the average price of $18. Anita K. Ho owns at least 7,000 shares after this. The price of the stock has increased by 9% since.

Alliance Fiber Optic Products Inc. was incorporated in California in December 1995 and was reincorporated in Delaware in October 2000. Alliance Fiber Optic Products Inc. has a market cap of $361.547 million; its shares were traded at around $19.62 with a P/E ratio of 19.70 and P/S ratio of 4.77. The dividend yield of Alliance Fiber Optic Products Inc. stocks is 0.76%. Alliance Fiber Optic Products Inc. had an annual average earnings growth of 56.00% over the past five years.

The company reported a 105% increase in revenues year-over year to $24.8 million for its first quarter of 2014. Net income rose to $5.0 million, or $0.27 per share, compared to net income of $1.85 million last year.

For the complete list of stocks that were bought/sold by their company executives, 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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