Weekly CFO Buys Highlight

According to GuruFocus Insider Data, the recent CFO buys were: Valvoline Inc., J. Alexander's Holdings Inc. and Omnova Solutions Inc.

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Oct 02, 2016
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According to GuruFocus Insider Data, the recent CFO buys were: Valvoline Inc. (VVV, Financial), J. Alexander's Holdings Inc. (JAX, Financial) and Omnova Solutions Inc. (OMN, Financial).

Valvoline Inc. (VVV, Financial): CFO Mary E. Meixelsperger bought 2,500 shares

On Sept. 28, CFO Mary E. Meixelsperger bought 2,500 shares at an average price of $22. The price of the stock has increased by 6.77%. Valvoline Inc. has a market cap of $4.7 billion and its shares were traded around $23.49.

Valvoline announced its 2016 second-quarter results with revenue of $499.5 million and gross profit of $199.6 million, while the net income was $74.7 million. The 2015 total revenue was $1.97 billion, a 4% increase from the 2014 total revenue. The 2015 gross profit was $685.1 million, an 8% increase from the 2014 gross profit. The 2015 net income was $196.1 million.

On Sept. 28, CEO Samuel J. Mitchell bought 25,000 shares at an average price of $22. The price of the stock has increased by 6.77%. On Sept. 28, Director Charles M. Sonsteby bought 7,000 shares at an average price of $22. The price of the stock has increased by 6.77%. On Sept. 28, Director Mary J. Twinem bought 5,000 shares at an average price of $22. The price of the stock has increased by 6.77%.

J. Alexander's Holdings Inc. (JAX, Financial): EVP, CFO and Treasurer Mark A. Parkey bought 5,000 shares

On Sept. 27, EVP, CFO and Treasurer Mark A. Parkey bought 5,000 shares at an average price of $9.75. The price of the stock has increased by 3.9%. J. Alexander's Holdings Inc. has a market cap of $148.9 million and its shares were traded around $10.13. The company has a P/E ratio of 48.24 and P/S ratio of 0.69.

J. Alexander's Holdings announced its 2016 third-quarter results with revenue of $53.92 million and gross profit of $8.9 million, while the net income was $1.09 million. The 2015 total revenue was $217.91 million, an 8% increase from the 2014 total revenue. The 2015 gross profit was $40.43 million, a 13% increase from the 2014 gross profit. The 2015 net income was $5.36 million.

On Sept. 30, President and CEO Lonnie J. Stout II bought 1,500 shares at an average price of $9.65. The price of the stock has increased by 4.97%.

Omnova Solutions Inc. (OMN, Financial): Sr. VP CFO Paul F. Desantis bought 1,000 shares

On Sept. 29, Sr. VP CFO Paul F. Desantis bought 1,000 shares at an average price of $8.15. The price of the stock has increased by 3.56%. Omnova Solutions Inc. has a market cap of $380.88 million and its shares were traded around $8.44. The company has a P/S ratio of 0.49. Over the past 10 years, Omnova Solutions Inc. had an annual average earnings growth of 7.2%.

Omnova Solutions announced its 2016 third-quarter results with revenue of $195.6 million and gross profit of $52.1 million, while the net income was $4.7 million. The 2015 total revenue was $838 million, a 15% decrease from the 2014 total revenue. The 2015 gross profit was $193.9 million, a 3% decrease from the 2014 gross profit. The 2015 net loss was $17.8 million.

On Sept. 29, Director James A. Mitarotonda bought 38,313 shares at an average price of $8.11. The price of the stock has increased by 4.07%.

Disclosure: none.