Weekly CFO Buys Highlights

Insiders trade Noble Midstream Partners, FB Financial, Prospect Capital

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Sep 23, 2016
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According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were Noble Midstream Partners LP (NBLX, Financial), FB Financial Corp. (FBK, Financial) and Prospect Capital Corp. (PSEC, Financial).

Noble Midstream Partners CFO bought 7,000 shares

CFO John F. Bookout IV bought 7,000 shares for $22.5 per share on Sept. 20. The price of the stock has increased by 18.84%.

Noble Midstream Partners LP has a market cap of $850.460 million, and its shares were traded around $26.74.

Noble Midstream Partners LP reported revenue of $34.12 million and gross profit of $27.43 million in the second quarter while the net income was $14.44 million. The 2015 total revenue was $92.46 million, a 1,472% increase from the 2014 total revenue. The 2015 gross profit was $75.53 million, a 2,950% decrease from the 2014 gross profit. The 2015 net income was $38.04 million.

CEO Terry R. Gerhart bought 15,000 shares, Director Kenneth M. Fisher bought 12,500 shares, and Director Gary W. Willingham bought 10,000 shares, all for $22.5 per share, on Sept. 20. The price of the stock has increased by 18.84% since all three acquisitions.

FB Financial CFO bought 1,600 shares

CFO and Secretary James R. Gordon bought 1,600 shares for $19 on Sept. 15. The price of the stock has increased by 9.21%.

FB Financial has a market cap of $479.380 million, and its shares were traded around $20.75.

President and CEO Christopher T. Holmes bought 14,400 shares, Director Stuart C. McWhorter bought 15,000 shares, and Chief Risk Officer Timothy L. Johnson bought 1,000 shares, all for $19 per share, on Sept. 15. The price of the stock has increased by 9.21% since all three acquisitions.

Prospect Capital CFO bought 5,000 shares

CFO, CCO, Treasurer and Secretary Brian H. Oswald bought 4,000 shares on Sept. 13 and 1,000 shares on Sept. 12, all for $7.85 per share. The price of the stock has increased by 5.22%.

Prospect Capital has a market cap of $2.95 billion, and its shares were traded around $8.26. The company has a price-earnings (P/E) ratio of 28.48 and price-sales (P/S) ratio of 3.71. The trailing 12-month dividend yield of Prospect Capital stocks is 12.09% while the forward dividend yield is 12.19%.

Prospect Capital reported second-quarter revenue of $193.04 million and gross profit of $97.6 million while the net income was $95.16 million. The 2016 total revenue was $791.97 million, a 0% increase from the 2015 total revenue. The 2016 gross profit was $405.15 million, a 2% increase from the 2015 gross profit. The 2016 net income was $103.36 million.

Director Eugene S. Stark bought 2,000 shares for $8.4 per share on Sept. 1. The price of the stock has decreased by 1.67%.

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