Weekly CFO Buys Highlight: OFG Bancorp, Ascena Retail Group, Hornbeck Offshore Services

Recent insider buys from company CFOs

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Jan 25, 2016
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According to GuruFocus Insider Data, the recent CFO buys were: OFG Bancorp (OFG, Financial), Ascena Retail Group Inc. (ASNA, Financial), and Hornbeck Offshore Services Inc. (HOS, Financial).

OFG Bancorp (OFG, Financial): CFO and EVP Ganesh Kumar bought 3,734 shares

On Jan. 12, Kumar bought 3,734 shares at an average price of $6.04. The price of the stock has decreased by 8.94%. OFG Bancorp has a market cap of $241.273 million and its shares were traded at around $5.50. The company has a P/E ratio of 79.73 and P/S ratio of 0.70 with a dividend yield of 6.55%. Over the past five years, OFG Bancorp had an annual average earnings growth of 25.90%.

OFG Bancorp announced its 2015 third-quarter results with revenues of $143.22 while the net income was $4.57 million. The 2014 total revenue was $502.58 million, a 2% decrease from the 2013 total revenue. The 2014 net income was $85.18 million.

On Jan. 7, President and CEO Jose Rafael Fernandez bought 3,000 shares at an average price of $6.82. The price of the stock has decreased by 19.35%. On Jan. 15, Director Pedro Morazzani bought 3,000 shares at an average price of $5.98. The price of the stock has decreased by 8.03%. On Jan. 11, Director Julian Inclan bought 5,000 shares at an average price of $6.2. The price of the stock has decreased by 11.29%.

Ascena Retail Group Inc. (ASNA, Financial): EVP and CFO Robert Giammatteo bought 5,000 shares

On Jan. 14, Giammatteo bought 5,000 shares at an average price of $8.21. The price of the stock has decreased by 7.31%. Ascena Retail Group Inc. has a market cap of $1.49 billion and its shares were traded at around $7.61. The company has a P/S ratio of 0.24.

Ascena Retail Group announced its 2015 second-quarter results with revenues of $1.67 billion and gross profit of $896.1 million, while the net loss was $18.1 million. The 2015 total revenue was $4.80 billion, a 0.26% increase from the 2014 total revenue. The 2015 gross profit was $2.67 billion, a 0.35% increase from the 2014 gross profit. The 2015 net loss was $236.8 million.

On Jan. 13, President and CEO David R Jaffe bought 10,000 shares at an average price of $8.5. The price of the stock has decreased by 10.47%. On Dec. 18, Chairman Elliot S Jaffe bought 100,000 shares at an average price of $9.7. The price of the stock has decreased by 21.55%. On Oct. 16, EVP, Human Resources John E Pershing sold 967 shares at an average price of $13.07. The price of the stock has decreased by 41.78%.

Hornbeck Offshore Services Inc. (HOS, Financial): Executive Vice President and CFO James O Harp Jr. bought 20,000 shares

On Jan. 20, Harp bought 10,000 shares at an average price of $6.5. The price of the stock has increased by 22.46%. Hornbeck Offshore Services Inc. has a market cap of $285.360 million and its shares were traded at around $7.96. The company has a P/E ratio of 3.28 and P/S ratio of 0.53. Over the past 10 years, Hornbeck Offshore Services Inc. had an annual average earnings growth of 6.30%.

Hornbeck Offshore Services Inc. announced its 2015 third-quarter results with revenues of $116.28 million and gross profit of $61.34 million; the net income was $14.42 million. The 2014 total revenue was $634.79 million, a 16% increase from the 2013 total revenue. The 2014 gross profit was $338.29 million, a 10% increase from the 2013 gross profit. The 2014 net income was $88.53 million.

On Jan. 7, President and CEO Todd M Hornbeck bought 12,196 shares at an average price of $8.2. The price of the stock has decreased by 2.93%. On Jan. 20, Executive Vice President and COO Carl G Annessa bought 20,000 shares at an average price of $6.74. The price of the stock has increased by 18.1%.