Stephen Wambold (Insider Trades), CEO and president of Ferrellgas Partners LPÂ (FGP), bought 20,000 shares of the company on Dec. 11. The average price per share was $15.78, for a total transaction of $315,600. Ferrellgas is a propane supplier that serves the U.S. as well as the District of Columbia and Puerto Rico. The company has a market cap of $1.49 billion and a P/S ratio of 0.77.
Insider buys of the company increased from 2012 to 2015. There were only five buys in 2012, compared to 23 in 2015. Total insider buy volume decreased from 2012 to 2013, then increased through 2015. Insider buy number and volume are directly correlated to month end price. 
Wambold made 13 transactions, all buys, totaling 134,500 shares with the company, since 2013. The earliest transaction of 31,150 shares at an average price of $11.63 increased in value by about 30% since the purchase. CFO Alan Heitmann (Insider Trades), also bought 5,960 shares of the company at $15.80 per share on Dec. 11. For more information about insider trades with the company, click here.
The company reported revenue of $471.146 million in the fiscal first quarter of 2016 ended on Oct. 31. Revenue increased from $443.355 million in the previous year’s corresponding quarter. Net loss for the company also increased during this period of time from $294,000, to $773,000. In addition, gross profit increased from $154.681 million to $181.343 million within the year of interest. 
Annual net income is down 3.26% since 2010. Ferrellgas announced a first quarter cash distribution of 51.25 cents per share. Ferrellgas employees indirectly own more than 22 million common units of the partnership through an employee stock ownership plan. The company completed the acquisition of Bridger Logistics for a purchase price of $562.5 million in cash, and 11.2 million common units of Ferrellgas Partners L.P. Wambold commented that Bridger will, “serve as a platform for continued midstream growth and diversification,” as Ferrellgas works to integrate Bridger.
According to GuruFocus.com information, Ferrellgas Partners LP has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Jim Simons (Trades, Portfolio) increased his stake in the company by 52.39% during the third quarter of 2015. Simons bought 101,286 shares of FGP at an average per share price of $21.33. The total estimated loss of the holding since the second quarter of 2015 is 35%. For more information about guru trades with FGP, click here.
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