Weekly CFO Buys Highlight

Round up of insider buys from company CFOs

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Jan 01, 2017
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According to GuruFocus Insider Data, the recent CFO buys were: ARMOUR Residential REIT Inc. (ARR, Financial) and LightPath Technologies Inc. (LPTH, Financial).

ARMOUR Residential REIT Inc.: CFO James R. Mountain bought 2,000 shares

On Dec. 28, Mountain bought 2,000 shares at an average price of $21.67 per share. The price of the stock has increased by 0.09%. ARMOUR Residential REIT has a market cap of $797.250 million and its shares were traded around $21.69. The company has a P/S ratio of 2.87. The trailing 12-month dividend yield of ARMOUR Residential REIT stocks is 13.92%, while the forward dividend yield is 12.17%.

ARMOUR Residential REIT announced its 2015 third-quarter results with a gross loss of $6.8 million and net income of $118.69 million. The 2015 gross loss was $27.98 million, a 2% increase from the 2014 gross loss. The 2015 net loss was $31.21 million.

On Dec. 28, Co-CEO and CIO Scott Ulm bought 7,000 shares at an average price of $21.54. The price of the stock has increased by 0.7%. On Dec. 28, Co-CEO and President Jeffrey J. Zimmer bought 8,000 shares at an average price of $21.67. The price of the stock has increased by 0.09%.

LightPath Technologies Inc.: CFO Dorothy M. Cipolla bought 20,661 shares

On Dec. 21, Cipolla bought 20,661 shares at an average price of $1.21 per share. The price of the stock has increased by 27.27%. LightPath Technologies has a market cap of $36.420 million and its shares were traded around $1.54. The company has a P/E ratio of 51.33 and P/S ratio of 1.42.

On Dec. 21, President and CEO Joseph J. Gaynor Jr. bought 33,000 shares at an average price of $1.21. The price of the stock has increased by 27.27%. On Dec. 21, Director Steven Brueck bought 24,793 shares at an average price of $1.21. The price of the stock has increased by 27.27%. On Dec. 21, Director Sohail A. Khan bought 20,661 shares at an average price of $1.21. The price of the stock has increased by 27.27%. On Dec. 21, Director Louis Leeburg bought 24,793 shares at an average price of $1.21. The price of the stock has increased by 27.27%.

Disclosure: No positions.

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