Weekly CFO Buys Highlight

Insiders invest in The Female Health Co., Centennial Resource Development

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Jun 08, 2017
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According to GuruFocus Insider Data, the recent chief financial officer buys were The Female Health Co. (FHCO, Financial) and Centennial Resource Development Inc. (CDEV, Financial).

Female Health CFO bought 10,000 shares

CFO Daniel Haines bought 6,000 shares for an average price of $1.14 per share on June 7. The stock price has increased by 1.75% since then. The company has a market cap of $36.352 million and its shares were traded around $1.16. The company has a price-sales (P/S) ratio of 2.33. Over the past 10 years, Female Health had an annual average earnings growth of 18.6%.

The company announced its first-quarter results with revenue of $2.41 billion and gross profit of $1.28 billion, while the net loss was $1.78 billion. The 2016 total revenue was $22.13 billion, a 32% decrease from 2015. The 2016 gross profit was $13.35 billion, a 30% decrease from the year before. The 2016 net income was $344.73 million.

On May 30, director and 10% owner Harry Fisch bought 12,000 shares for an average price of $1.27. Since then, the stock price has decreased 8.66%. On May 15, Directors O. B. Parrish and David R. Bethune bought a combined 30,000 shares for an average price of $1.02. The stock price since then has increased 13.73%.

Centennial Resource Development CFO bought 10,000 shares

CFO, Treasurer and Assistant Secretary George S. Glyphis bought 10,000 shares for an average price of $15.02 per share on June 6. Since then, the stock price has declined 3.73%. Centennial Resource Development has a market cap of $3.27 billion and its shares were traded around $14.46. The company has a P/S ratio of 2.77.

The company announced its first-quarter results with revenue and gross profit of $61.09 million, while the net income was $9.82 million. The 2016 total revenue and gross profit was $98.83 million, a 9% increase from 2015. The 2016 net loss was $226.81 million.

On June 05, Chief Operating Officer Sean R. Smith bought 10,000 shares for an average price of $15.05. The stock price has fallen 3.92% since then.

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