Weekly CFO Buys Highlights

Insiders invest in GlassBridge Enterprises,Cherry Hill Mortgage and Rave Restaurant Group

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Apr 04, 2017
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According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were: GlassBridge Enterprises Inc. (GLA, Financial), Cherry Hill Mortgage Investment Corp. (CHMI, Financial) and Rave Restaurant Group Inc. (RAVE, Financial).

GlassBridge Enterprises CFO bought 3,500 shares

Interim CEO and CFO Danny Zheng bought 3,500 shares for $4.17 per share on March 28. The stock price has increased by 3.36%.

GlassBridge Enterprises has a market cap of $21.290 million, and its shares were traded around $4.31. The company has a price-sales (P/S) ratio of 0.37.

GlassBridge Enterprises announced its 2016 fourth-quarter results with revenue of $11.3 million and gross profit of $5.1 million while the net loss was $21.4 million. The 2016 total revenue was $44.1 million, a 30% decrease from the 2015 total revenue. The 2016 gross profit was $19.4 million, a 21% decrease from the 2015 gross profit. The 2016 net loss was $125.2 million.

George E. Hall bought 81,957 shares for $5.26 per share on March 29. The stock price has decreased by 18.06%.

Cherry Hill Mortgage Investment CFO bought 2,000 shares

CFO Martin Levine bought 2,000 shares for $16.48 per share on March 24. The stock price has increased by 5.4%.

Cherry Hill Mortgage Investment has a market cap of $220.610 million, and its shares were traded around $17.37. The company has a price-earnings (P/E) ratio of 5.27 and P/S ratio of 3.41. The trailing 12-month dividend yield of Cherry Hill Mortgage Investment stocks is 11.30% while the forward dividend yield is 11.36%.

Cherry Hill Mortgage Investment announced its 2016 fourth-quarter results with revenue of $2.15 million and gross profit of $1.13 million while the net income was $26.17 million. The 2016 total revenue was $7.58 million, a 341% increase from the 2015 total revenue. The 2016 gross profit was $5.02 million, a 424% increase from the 2015 gross profit. The 2016 net income was $24.83 million.

Chief Investment Officer Julian Evans bought 1,000 shares for $16.5 per share on March 24. The stock price has increased by 5.27%. President Jeffrey B. Lown bought 750 shares for $16.5 per share on March 23. The stock price has increased by 5.27%.

Rave Restaurant Group CFO bought 1,000 shares

CFO Timothy E. Mullany bought 1,000 shares for $1.98 per share on March 27. The stock price has increased by 7.58%. Rave Restaurant Group has a market cap of $22.700 million, and its shares were traded around $2.13. The company has a P/S ratio of 0.39.

Rave Restaurant Group announced its 2016 fourth-quarter results with revenue of $14.79 million and gross profit of $1.42 million while the net loss was $7.93 million. The 2016 total revenue was $60.81 million, a 26% increase from the 2015 total revenue. The 2016 gross profit was $7.51 million, a 9% increase from the 2015 gross profit. The 2016 net loss was $8.89 million.

President and CEO Scott Crane bought 26,563 shares for $1.91 per share on March 23. The stock price has increased by 11.52%.

Disclosure: None.

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