Weekly CFO Buys Highlight: Ladenburg Thalmann Financial Services Inc, Sterling Construction Company Inc, Reddy Ice Holdings Inc

Weekly CFO Buy Highlights

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Jul 04, 2009
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: Ladenburg Thalmann Financial Services In (LTS, Financial), Sterling Construction Company Inc (STRL, Financial), Reddy Ice Holdings Inc. (FRZ, Financial)

Ladenburg Thalmann Financial Services Inc (LTS): Vice President and CFO Brett Kaufman Bought 5,000 Shares

Vice President and CFO of Ladenburg Thalmann Financial Services In (LTS) Brett Kaufman bought 5,000 shares on 06/26/2009 at an average price of $0.53. Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and through its subsidiary GBI Capital Partners Inc.(formerly Gaines Berland Inc. provide investment banking and research services. Ladenburg Thalmann Financial Services In has a market cap of $92 million; its shares were traded at around $0.55 with and P/S ratio of 0.8.

Ladenburg Thalmann recently reported fiscal results for its first quarter 2009 ended March 31, 2009. The company announced its total revenue of $33.29 million and net loss of $6.24 million ($0.04 per diluted share). This is compared to the same quarter last year which included total revenues of $28.79 million and a net loss of $1.03 million ($0.01 per diluted share).

Buy: President and CEO Richard Lampen bought 10,000 shares of LTS stock on 03/30/2009 at the average price of $0.53, 5,000 shares of LTS stock on 05/27/2009 at the average price of $0.75, 5,000 shares of LTS stock on 06/10/2009 at the average price of $0.71, 10,000 shares of LTS stock on 06/26/2009 at the average price of $0.45, and 10,000 shares of LTS stock on 07/01/2009 at the average price of $0.54; the price of the stock has increased by 1.85% since. Buy: Executive Vice President Mark Zeitchick bought 10,000 shares of LTS stock on 06/26/2009 at the average price of $0.45 and 5,000 shares of LTS stock on 07/01/2009 at the average price of $0.55; the price of the stock has decreased by 0% since. Buy: Director, 10% Owner Phillip Md Et Al Frost bought 15,000 shares of LTS stock on 06/26/2009 at the average price of $0.45 and 10,000 shares of LTS stock on 07/01/2009 at the average price of $0.54; the price of the stock has increased by 1.85% since. Buy: Director Richard J Rosenstock bought 5,000 shares of LTS stock on 06/30/2009 at the average price of $0.53; the price of the stock has increased by 3.77% since.

Sterling Construction Company Inc (STRL): Senior Vice President & CFO James H Jr Allen Bought 5,000 Shares

Senior Vice President & CFO of Sterling Construction Company Inc (STRL) James H Jr Allen bought 5,000 shares on 06/24/2009 at an average price of $13.25. Sterling Construction Company Inc. is a holding company which has historically operated as a wholesale distributor to the automotive aftermarket and construction through two subsidiaries Steel City Products and Dowling's Fleet Service. Sterling Construction Company Inc has a market cap of $196.4 million; its shares were traded at around $14.87 with a P/E ratio of 9.9 and P/S ratio of 0.5.

Sell: CEO Patrick T Manning sold 3,623 shares of STRL stock on 03/02/2009 at the average price of $14.43, 14,679 shares of STRL stock on 06/17/2009 at the average price of $14.64, 7,500 shares of STRL stock on 06/24/2009 at the average price of $12.99, and 2,789 shares of STRL stock on 06/25/2009 at the average price of $14.49; the price of the stock has increased by 2.62% since. Sell: Director Christopher H B Mills sold 25,000 shares of STRL stock on 06/04/2009 at the average price of $17.46 25,000 shares of STRL stock on 06/05/2009 at the average price of $17.36, 25,000 shares of STRL stock on 06/08/2009 at the average price of $17.33, and 339 shares of STRL stock on 06/15/2009 at the average price of $14.66; the price of the stock has increased by 1.43% since. Sell: President & COO Joseph P Sr Harper sold 2,000 shares of STRL stock on 06/10/2009 at the average price of $16.56; the price of the stock has decreased by 10.21% since.

Reddy Ice Holdings Inc. (FRZ): Exec. VP, CFO & Secretary Steven J Janusek Bought 4,850 Shares

Exec. VP, CFO & Secretary of Reddy Ice Holdings Inc. (FRZ) Steven J Janusek bought 4,850 shares during the past week at an average price of $1.6. Reddy Ice manufactures and distributes packaged ice under the Reddy Ice brand name. Reddy Ice Holdings Inc. has a market cap of $36.6 million; its shares were traded at around $1.65 with a P/E ratio of 2.5 and P/S ratio of 0.1.

Reddy Ice Holdings Inc. recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. The company announced its total revenues of $57.9 million and a net loss of $0.44 per diluted share. This is compared to the same quarter last year which included total revenues of $64.3 million and a net loss of $0.30 per diluted share. "

Buy: CEO & President Gilbert M. Cassagne bought 13,300 shares of FRZ stock on 04/13/2009 at the average price of $1.5, 6,250 shares of FRZ stock on 04/16/2009 at the average price of $1.6, 12,750 shares of FRZ stock on 04/16/2009 at the average price of $1.55, and 12,500 shares of FRZ stock on 06/23/2009 at the average price of $1.6, and 6,750 shares of FRZ stock on 07/02/2009 at the average price of $1.6; the price of the stock has increased by 3.13% since. Buy: Sr VP - National Acct Sales Steven A. Wilson bought 2,600 shares of FRZ stock on 06/19/2009 at the average price of $1.58; the price of the stock has increased by 4.43% since. Buy: VP-Finance & Treasurer Mark A Steffek bought 16,945 shares of FRZ stock on 03/16/2009 at the average price of $1.48; the price of the stock has increased by 11.49% since. Buy: Director Michael H Rauch bought 2,500 shares of FRZ stock on 03/13/2009 at the average price of $1.4; the price of the stock has increased by 17.86% since. Sell: Activist Value Fund L Shamrock sold 80,000 shares of FRZ stock on 05/27/2009 at the average price of $1.94; the price of the stock has decreased by 14.95% since. Sell: 10% Owner Activist Value Fund L Shamrock sold 220,000 shares of FRZ stock on 05/22/2009 at the average price of $2.1; the price of the stock has decreased by 21.43% since.