The weeks two top CFO buys companies were MGIC Investment Corp. and California Coastal Communities Inc.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
MGIC Investment Corp. (MTG, Financial): Executive VP & CFO Jon Michael Lauer Bought 150,000 Shares
Executive VP & CFO of MGIC Investment Corp. (MTG) Jon Michael Lauer bought 150,000 shares on 01/23/2009 at an average price of $2.03; the price of the stock has decreased by 3.45% since. MGIC Investment Corporation is a holding company which through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes with less than 20% down payments. If the home owner defaults private mortgage insurance reduces and in some instances eliminates the loss to the insured institution. MGIC Investment Corp. has a market cap of $512.78 million; its shares were traded at around $1.96 with and P/S ratio of 0.3.
MGIC Investment Corp. recently reported a net loss for the quarter ended December 31, 2008 of $273.3 million, compared with net loss of $1.47 billion for the same quarter a year ago. Diluted loss (per share) equaled $2.21, compared to diluted loss per share of $18.17 for the same quarter a year ago.
Richard Snow owns 234,600 shares as of 09/30/2008, an increase of 56.4% from the previous quarter. This position accounts for 0.05% of the $3.61 billion portfolio of Snow Capital Management, L.P. Martin Whitman owns 2,000,000 shares as of 10/31/2008, which accounts for 0.17% of the $4.68 billion portfolio of Third Avenue Value Fund. Third Avenue Management owns 2,223,490 shares as of 09/30/2008, which accounts for 0.12% of the $4.78 billion portfolio of Third Avenue Management. NWQ Managers sold out their holdings in the quarter that ended on 09/30/2008.
Chairman and CEO, Director Curt S Culver bought 25,000 shares of MTG stock on 01/22/2009 at the average price of $1.9; the price of the stock has increased by 3.16% since. 10% Owner Republic International Cor Old bought 6,413,900 shares of MTG stock on 11/19/2008 at the average price of $2.32; the price of the stock has decreased by 15.52% since.
California Coastal Communities Inc (CALC, Financial): CFO & Senior Vice President Sandra G Sciutto Bought 735 Shares
CFO & Senior Vice President of California Coastal Communities Inc (CALC) Sandra G Sciutto bought 735 shares on 01/16/2009 at an average price of $1.42; the price of the stock has increased by 9.86% since. California Coastal Communities is a residential land development and homebuilding company operating in Southern California. The Company's principal subsidiaries are Signal Landmark and Hearthside Homes Inc. Signal Landmark owns acres on the Bolsa Chica mesa along with additional acres on a mesa south of the Bolsa Chica wetlands. California Coastal Communities Inc has a market cap of $12.5 million; its shares were traded at around $1.56 with and P/S ratio of 0.27.
California Coastal Communities Inc recently reported third quarter results ending September 30, 2008. Net loss totaled to $21.1 million, or $1.94 per diluted share compared with a net loss of $17.5 million or $1.61 per diluted share for the prior year’s third quarter. Net operating expenses totaled $2.3 million, compared with $1.7 million of net operating expenses it the prior year’s third quarter.
Arnold Schneider owns 69,800 shares as of 09/30/2008, which accounts for 0.01% of the $2.25 billion portfolio of Schneider Capital Management. HOTCHKIS & WILEY sold out his holdings in the quarter that ended on 09/30/2008.
CEO & President, Director Raymond J Pacini bought 8,000 shares of CALC stock on 01/07/2009 at the average price of $1 and 52,900 more shares of CALC stock on 01/09/2009 at the average price of $1.16; the price of the stock has increased by 34.48% since.
Director Phillip R Ii Burnaman bought 3,400 shares of CALC stock on 01/07/2009 at the average price of $1.11; the price of the stock has increased by 40.54% since.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
MGIC Investment Corp. (MTG, Financial): Executive VP & CFO Jon Michael Lauer Bought 150,000 Shares
Executive VP & CFO of MGIC Investment Corp. (MTG) Jon Michael Lauer bought 150,000 shares on 01/23/2009 at an average price of $2.03; the price of the stock has decreased by 3.45% since. MGIC Investment Corporation is a holding company which through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes with less than 20% down payments. If the home owner defaults private mortgage insurance reduces and in some instances eliminates the loss to the insured institution. MGIC Investment Corp. has a market cap of $512.78 million; its shares were traded at around $1.96 with and P/S ratio of 0.3.
MGIC Investment Corp. recently reported a net loss for the quarter ended December 31, 2008 of $273.3 million, compared with net loss of $1.47 billion for the same quarter a year ago. Diluted loss (per share) equaled $2.21, compared to diluted loss per share of $18.17 for the same quarter a year ago.
Richard Snow owns 234,600 shares as of 09/30/2008, an increase of 56.4% from the previous quarter. This position accounts for 0.05% of the $3.61 billion portfolio of Snow Capital Management, L.P. Martin Whitman owns 2,000,000 shares as of 10/31/2008, which accounts for 0.17% of the $4.68 billion portfolio of Third Avenue Value Fund. Third Avenue Management owns 2,223,490 shares as of 09/30/2008, which accounts for 0.12% of the $4.78 billion portfolio of Third Avenue Management. NWQ Managers sold out their holdings in the quarter that ended on 09/30/2008.
Chairman and CEO, Director Curt S Culver bought 25,000 shares of MTG stock on 01/22/2009 at the average price of $1.9; the price of the stock has increased by 3.16% since. 10% Owner Republic International Cor Old bought 6,413,900 shares of MTG stock on 11/19/2008 at the average price of $2.32; the price of the stock has decreased by 15.52% since.
California Coastal Communities Inc (CALC, Financial): CFO & Senior Vice President Sandra G Sciutto Bought 735 Shares
CFO & Senior Vice President of California Coastal Communities Inc (CALC) Sandra G Sciutto bought 735 shares on 01/16/2009 at an average price of $1.42; the price of the stock has increased by 9.86% since. California Coastal Communities is a residential land development and homebuilding company operating in Southern California. The Company's principal subsidiaries are Signal Landmark and Hearthside Homes Inc. Signal Landmark owns acres on the Bolsa Chica mesa along with additional acres on a mesa south of the Bolsa Chica wetlands. California Coastal Communities Inc has a market cap of $12.5 million; its shares were traded at around $1.56 with and P/S ratio of 0.27.
California Coastal Communities Inc recently reported third quarter results ending September 30, 2008. Net loss totaled to $21.1 million, or $1.94 per diluted share compared with a net loss of $17.5 million or $1.61 per diluted share for the prior year’s third quarter. Net operating expenses totaled $2.3 million, compared with $1.7 million of net operating expenses it the prior year’s third quarter.
Arnold Schneider owns 69,800 shares as of 09/30/2008, which accounts for 0.01% of the $2.25 billion portfolio of Schneider Capital Management. HOTCHKIS & WILEY sold out his holdings in the quarter that ended on 09/30/2008.
CEO & President, Director Raymond J Pacini bought 8,000 shares of CALC stock on 01/07/2009 at the average price of $1 and 52,900 more shares of CALC stock on 01/09/2009 at the average price of $1.16; the price of the stock has increased by 34.48% since.
Director Phillip R Ii Burnaman bought 3,400 shares of CALC stock on 01/07/2009 at the average price of $1.11; the price of the stock has increased by 40.54% since.
