Weekly CFO Buys Highlights

Insiders invest in Consolidated Edison, MMA Capital Management

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Jan 11, 2017
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According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were Consolidated Edison Inc. (ED, Financial) and MMA Capital Management LLC (MMAC, Financial).

Consolidated Edison CFO bought 110 shares

Consolidated Edison Senior Vice President and CFO Robert N. Hoglund bought 110 shares for $71.53 per share on Dec. 31, 2016. The stock price has increased by 1.82%.

Also that day, President and CEO, Consolidated Edison Transmission Inc., Joseph P. Oates bought 25 shares, Chairman, President and CEO John McAvoy bought 57 shares, and Senior Vice President, Utility Shared Services, Saumil P. Shukla bought 50 shares, all for $71.53 per share. The stock price has increased by 1.82%.

Consolidated Edison has a market cap of $22.12 billion, and its shares were traded around $72.83. The company has a price-earnings (P/E) ratio of 18.07 and price-sales (P/S) ratio of 1.81. Consolidated Edison's trailing 12-month dividend yield is 3.67%, and the forward dividend yield is 3.62%. Over the past 10 years, Consolidated Edison had an annual average earnings growth of 3.20%.

Consolidated Edison announced revenues of $3.4 billion and gross profit of $1.67 billion in its 2016 fourth-quarter results while the net income was $497 million. The 2015 total revenue was $12.55 billion, a 3% decrease from the 2014 total revenue. The 2015 gross profit loss was $5.49 billion, a 7% increase from the 2014 gross profit. The 2015 net income was $1.19 billion.

MMA Capital Management CFO bought 200 shares

MMA Capital Management CFO David C. Bjarnason bought 200 shares for $19.6 per share on Jan. 5. The stock price has increased by 2.45%.

MMA Capital Management has a market cap of $119.71 million, and its shares were traded around $20.08. The company has a P/E ratio of 4.04 and P/S ratio of 5.86. Over the past five years, MMA Capital Management had an annual average earnings growth of 62.60%.

MMA Capital Management announced revenues and gross profit of $7.9 million in its 2016 third-quarter results while the net income was $660,000. The 2015 total revenue and gross profit was $22.48 million, a 27% decrease from the 2014 total revenue and gross profit. The 2015 net loss was $3.51 million.

CEO and President Michael L. Falcone bought 250 shares for $19.41 per share on Jan. 5. The stock price has increased by 3.45%.

Executive Vice President Gary A. Mentesana bought 1,500 shares for $19.45 per share on Jan. 5. The stock price has increased by 3.24%.

Director Lisa Marie Roberts bought 2,000 shares for $18.35 per share on Dec. 27, 2016. The stock price has increased by 9.43%.

Disclosure:Â None.

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