The largest Insider Buys this week were for Gran Tierra Energy Inc. (GTE, Financial), Shoe Carnival Inc. (SCVL, Financial), ARC Document Solutions Inc. (ARC, Financial), and StoneMor Partners LP (STON, Financial).
Gran Tierra Energy Inc. (GTE, Financial): Director Brooke N. Wade bought 242,600 shares
Director Brooke N. Wade bought 242,600 shares of GTE stock on Sept. 29 at the average price of $2.31. The price of the stock has decreased by 7.36% since.
Gran Tierra Energy Inc. is a Canadian based energy company that focuses on oil and gas exploration and production centered in South America. The company’s strategy centers on building a high-quality, diversified suite of assets in Colombia with high netback production and low base production declines. The company has a market cap of $845.320 million, and as of Oct. 6 it traded at $2.14.
On Sept. 19 Gran Tierra Energy Inc. announced the appointment of Sondra Scott to the board of directors of the company as an independent director, effective immediately. Ms. Scott has more than 25 years of experience as an energy and risk analytics business leader and has led multi-sized global research and consultancy teams and is an experienced strategist with a passion for innovative product development.
Shoe Carnival Inc. (SCVL, Financial): Director Charles B. Tomm bought 11,190 shares
Director Charles B. Tomm bought 11,190 shares of SCVL stock on Sept. 29 at the average price of $22.69. The price of the stock has decreased by 2.16% since.
Shoe Carnival Inc. is an American retailer of family footwear and operates 419 stores throughout the U.S. Midwest, south, and southeast regions. The company sells men’s, women’s, children’s, and athletic footwear through retail stores. Its stores also offer accessories such as wallets, socks, and handbags. The company has a market cap of $377.840 million, and as of Oct. 6 it traded at $22.20.
On Aug. 30 Shoe Carnival Inc. reported its financial results for second quarter 2017 ended July 29. The company reported a 1.4% increase in net sales to $235.1 million and a comparable store sales increase of 0.4%. Furthermore, earnings per diluted share increased 9.1% to $0.24. The company also repurchased 469,000 shares of common stock at a total cost of $10.2 million under the existing share repurchase program.
ARC Document Solutions Inc. (ARC, Financial): VP, Sr. Counsel & Corp Secretary Dennis Jeffery Grimes bought 1,625 shares
VP, Sr. Counsel & Corp Secretary Dennis Jeffery Grimes bought 1,625 shares of ARC stock on Sept. 29 at the average price of $3.48. The price of the stock has increased by 15.8% since.
ARC Document Solutions Inc. is an American specialized document solutions company that provides services to business of all types with an emphasis on the non-residential segment of the architecture, engineering, and construction industry. The company provides onsite managed print services, archiving and information management, and construction document and information management. The company has a market cap of $187.160 million, and as of Oct. 6 it traded at $4.03.
On Aug. 1 ARC Document Solutions Inc. reported financial results for the second quarter 2017 ended June 30. The company reported net sales of $102.3 million, a 1.4% decrease compared to the second quarter of 2016. Architectural, engineering, and construction building operators customers comprised 77% of total net sales, while customers outside of the construction industry made up of 23% of the company’s net sales. Furthermore, the company reported a net income of $3.6 million, compared to net loss of $55.9 million during the second quarter of 2016.
StoneMor Partners LP (STON, Financial): Director Robert B. Jr. Hellman bought 1,505 shares
Director Robert B. Jr. Hellman bought 1,505 shares of STON stock on Oct. 2 at the average price of $6.57. The price of the stock has decreased by 1.98% since.
StoneMor Partners LP is an American deathcare company servicing thousands of families in a personalized manner. The company has over 100 years of collective experience in the advanced planning and cemetery industry to provide a broad scope of products and services through the ownership, development, and operation of cemeteries and funeral homes in multiple states. The company has a market cap of $244.450 million, and as of Oct. 6 it traded at $6.44.
On Oct. 6 StoneMor Partners LP announced that it has entered into a fourth amendment to its secured credit facility. The amendment modifies the current agreement to increase the facility’s consolidated leverage ratio to 4.5 times through the period ending on Dec. 31, 2017 stepping down to 4.25 times for periods in fiscal 2018 and then reverting back to 4 times. The amendment also modifies the current agreement to implement a fixed charge coverage ratio of 1.2 times and reduce the revolver commitment to $200 million.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
