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Weekly CFO Buys Highlight: Centerstate Banks of Florida, Ultra Clean Holdings, O. I. Corp., MFA Mortgage Investments, Mackinac Financial Corp., BancorpSouth, Tortoise Power and Energy Infrastructure.

Saj Karsan

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week are Centerstate Banks of Florida Inc. (CSFL), Ultra Clean Holdings Inc. (UCTT), O. I. Corp. (OICO), MFA Mortgage Investments Inc. (MFA), Mackinac Financial Corp. (MFNC), BancorpSouth Inc. (BXS), and Tortoise Power and Energy Infrastructure (TPZ).

Centerstate Banks of Florida Inc. (CSFL): CFO James J Antal Bought 5,000 Shares

CFO of Centerstate Banks of Florida Inc. (CSFL) James J Antal bought 5,000 shares on 07/30/2009 at an average price of $6.5. CenterState Banks Inc. formerly CenterState Banks of Florida Inc. operates as a multi bank holding company which provides consumer and commercial banking services to individuals businesses and industries. The Bank owns CenterState Bank Central Florida National Association CenterState Bank National Association CenterState Bank of Florida National Association and Valrico State Bank (collectively the Banks). Based in Davenport Florida the Company provides a range of consumer and commercial banking services to individuals businesses and industries. In addition the Company make secured and unsecured commercial and real estate loans and issue stand-by letters of credit. Further the company provides mutual funds annuities bonds fixed income securities and other products as well as commercial checking accounts and loans to correspondent banks. Centerstate Banks of Florida Inc. has a market cap of $93.9 million; its shares were traded at around $7.53 with a P/E ratio of 18.3 and P/S ratio of 1.2. The dividend yield of Centerstate Banks of Florida Inc. stocks is 0.6%. Centerstate Banks of Florida Inc. had an annual average earning growth of 23.6% over the past 5 years.

Buy: Chairman, CEO and President  Ernest S Pinner bought 5,000 shares of CSFL stock on 07/30/2009 at the average price of $6.5; the price of the stock has increased by 15.85% since. Buy: Director  Rulon D Munns bought 2,500 shares of CSFL stock on 07/30/2009 at the average price of $6.5; the price of the stock has increased by 15.85% since. Buy: Director  Thomas E Oakley bought 5,000 shares of CSFL stock on 07/30/2009 at the average price of $6.5; the price of the stock has increased by 15.85% since. Buy: Director  George Tierso Ii Nunez bought 6,000 shares of CSFL stock on 07/30/2009 at the average price of $6.5; the price of the stock has increased by 15.85% since. Buy: Director  J Thomas Rocker bought 4,000 shares of CSFL stock on 07/30/2009 at the average price of $6.5; the price of the stock has increased by 15.85% since. Buy: Subsidiary Bank President  Jerry Ball bought 2,000 shares of CSFL stock on 07/30/2009 at the average price of $6.5; the price of the stock has increased by 15.85% since.

Ultra Clean Holdings Inc. (UCTT): Sr. Vice President, CFO Kevin C Eichler Bought 4,000 Shares

Sr. Vice President, CFO of Ultra Clean Holdings Inc. (UCTT) Kevin C Eichler bought 4,000 shares on 08/06/2009 at an average price of $3.65. ULTRA CLEAN HOLDINGS INC. is a developer and supplier of critical subsystems for the semiconductor capital equipment flat panel solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies improved design-to-delivery cycle times component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers for the semiconductor capital equipment flat panel solar and medical device industries. Ultra Clean is headquartered in Menlo Park California. Ultra Clean Holdings Inc. has a market cap of $83.6 million; its shares were traded at around $3.91 with and P/S ratio of 0.3.

Ultra Clean Holdings Inc. recently reported fiscal results for its second quarter quarter 2009 ended July 3, 2009. The company announced its total revenue of $23.3 million and net loss of $14.1 million ($0.66 per diluted share). This is compared to the same quarter last year which included a net loss of $0.2 million ($0.01 per diluted share).

UCTT is in the portfolios of Lee Ainslie of Maverick Capital. 

Buy: 10% Owner  Austin W & Greenhouse Da Marxe bought 702,820 shares of UCTT stock on 06/26/2009 at the average price of $2.27; the price of the stock has increased by 72.25% since. Buy: Director  Kevin C Eichler bought 10,000 shares of UCTT stock on 05/19/2009 at the average price of $2.9; the price of the stock has increased by 34.83% since.

O. I. Corp. (OICO): CEO and CFO J Bruce Lancaster Bought 7,500 Shares

CEO and CFO of O. I. Corp. (OICO) J Bruce Lancaster bought 7,500 shares during the past week at an average price of $5.25. O.I. Corporation is an emerging company that provides products for chemical analysis in solids liquids and gases. The company's products are used in environmental analysis and by the pharmaceutical chemical petrochemical semiconductor power generation food beverage and defense industries. The company's products are sold worldwide by a direct sales force independent sales representatives and distributors. (PRESS RELEASE) O. I. Corp. has a market cap of $13.1 million; its shares were traded at around $5.56 with a P/E ratio of 139.1 and P/S ratio of 0.4. The dividend yield of O. I. Corp. stocks is 3.6%.

O.I. Corp. recently reported fiscal results for its second quarter quarter 2009 ended June 30, 2009. The company announced its total revenue of $4.87 million and net income of $13,000 ($0.01 per diluted share). This is compared to the same quarter last year which included total revenue of $8.04 million and a net income of $191,000 ($0.07 per diluted share).

Buy: Director, 10% Owner  Raymond E Cabillot bought 4,457 shares of OICO stock on 04/03/2009 at the average price of $8 and 27,732 shares of OICO stock on 04/14/2009 at the average price of $7.85; the price of the stock has decreased by 29.17% since.

Buy: Director, 10% Owner  John K. H. Linnartz bought 6,056 shares of OICO stock on 04/02/2009 at the average price of $8.01, 4,457 shares of OICO stock on 04/03/2009 at the average price of $8, and 27,732 shares of OICO stock on 04/14/2009 at the average price of $7.85; the price of the stock has decreased by 29.17% since.

MFA Mortgage Investments Inc. (MFA): President, CFO William S Gorin Bought 3,000 Shares

President, CFO of MFA Mortgage Investments Inc. (MFA) William S Gorin bought 3,000 shares on 08/04/2009 at an average price of $7.05. MFA Mortgage Investments Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place a multifamily apartment property located in Lawrenceville Georgia. In addition it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. MFA Mortgage Investments Inc. has a market cap of $1.71 billion; its shares were traded at around $7.69 with a P/E ratio of 8.1 and P/S ratio of 4.1. The dividend yield of MFA Mortgage Investments Inc. stocks is 12.9%. MFA Mortgage Investments Inc. had an annual average earning growth of 17% over the past 5 years.

MFA Mortgage recently reported fiscal results for its second quarter 2009 ended June 30, 2009. The company announced its total revenue of $9.8 billion and net income of $67.1 million ($0.30 per diluted share).

MFA is in the portfolios of Arnold Schneider of Schneider Capital Management, David Dreman of Dreman Value Management. 

Buy: Chairman and CEO  Stewart Zimmerman bought 7,000 shares of MFA stock on 05/05/2009 at the average price of $6.1 and 3,000 shares of MFA stock on 08/04/2009 at the average price of $7.05; the price of the stock has increased by 9.08% since. Buy: Executive Vice President/CIO  Ronald A Freydberg bought 5,000 shares of MFA stock on 05/04/2009 at the average price of $5.98 and 3,000 shares of MFA stock on 08/04/2009 at the average price of $7.05; the price of the stock has increased by 9.08% since. Buy: Senior Vice President  Craig L Knutson bought 5,000 shares of MFA stock on 05/04/2009 at the average price of $5.97; the price of the stock has increased by 28.81% since. Buy: Director  James A Brodsky bought 4,500 shares of MFA stock on 02/27/2009 at the average price of $5.67; the price of the stock has increased by 35.63% since. Buy: Director  Michael L Dahir bought 25,000 shares of MFA stock on 02/17/2009 at the average price of $5.5; the price of the stock has increased by 39.82% since.

Mackinac Financial Corp. (MFNC): Executive Vice President & CFO Ernie R Krueger Bought 2,000 Shares

Executive Vice President & CFO of Mackinac Financial Corp. (MFNC) Ernie R Krueger bought 2,000 shares on 08/04/2009 at an average price of $4.5. NORTH COUNTRY's mission is to serve their trading area with quality financial services and products. Mackinac Financial Corp. has a market cap of $15.4 million; its shares were traded at around $4.5 with a P/E ratio of 30 and P/S ratio of 0.6.

Mackinac recently reported fiscal results for its second quarter 2009. The company announced its net income of $0.551 ($0.16 per diluted share). This is compared to the same quarter last year which included a net income of $1.908 ($0.56 per diluted share).

Buy: President*  Kelly W George bought 520 shares of MFNC stock on 08/04/2009 at the average price of $4.5 and 350 shares of MFNC stock on 08/05/2009 at the average price of $4.5; the price of the stock has decreased by 0% since. Buy: Director  Robert Edward Ii Mahaney bought 275 shares of MFNC stock on 03/18/2009 at the average price of $4.39; the price of the stock has increased by 2.51% since. Buy: Director  Walter J Aspatore bought 1,000 shares of MFNC stock on 03/18/2009 at the average price of $4.39; the price of the stock has increased by 2.51% since. Buy: Director  Joseph D Garea bought 885 shares of MFNC stock on 03/18/2009 at the average price of $4.39; the price of the stock has increased by 2.51% since.

BancorpSouth Inc. (BXS): Treasurer & CFO William L. Prater Bought 2,000 Shares

Treasurer & CFO of BancorpSouth Inc. (BXS) William L. Prater bought 2,000 shares on 07/31/2009 at an average price of $22.3. BANCORPSOUTH INC through its subsidiaries provides a range of financialservices and products to individuals and small-to-medium size businesses.Various types of checking accounts both interest bearing and non-interestbearing are available. Savings accounts and certificates of deposit with arange of maturities and interest rates are available to meet the needs ofcustomers. Other services include safe deposit and night depository facilities. Limited 24-hour banking with automated teller machines is provided in most of its principal markets. BancorpSouth Inc. has a market cap of $2.02 billion; its shares were traded at around $24.19 with a P/E ratio of 18.8 and P/S ratio of 2.2. The dividend yield of BancorpSouth Inc. stocks is 3.7%. BancorpSouth Inc. had an annual average earning growth of 6.4% over the past 10 years. GuruFocus rated BancorpSouth Inc. the business predictability rank of 3.5-star.

BancorpSouth Inc. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. The company announced its total revenue of $13.3 billion and net income of $33.9 million ($0.41 per diluted share). This is compared to the same quarter last year which included total revenue of $13.1 billion and a net income of $40.1 million ($0.49 per diluted share).

Sell: Chairman & CEO  Aubrey Burns Jr Patterson sold 2,523 shares of BXS stock on 04/24/2009 at the average price of $23.98; the price of the stock has increased by 0.88% since. Buy: Director  James Elbert III Campbell bought 5,900 shares of BXS stock on 02/20/2009 at the average price of $17; the price of the stock has increased by 42.29% since. Sell: Executive Vice President  Larry Dewayne Bateman sold 1,610 shares of BXS stock on 05/08/2009 at the average price of $24.9; the price of the stock has decreased by 2.85% since. Sell: Executive Vice President  Wayne Gregg Cowsert sold 4,870 shares of BXS stock on 04/24/2009 at the average price of $23.41 and 11,459 shares of BXS stock on 05/05/2009 at the average price of $23.75; the price of the stock has increased by 1.85% since. Sell: Treasurer & Chief Financial  Lee Nash Jr Allen sold 1,240 shares of BXS stock on 04/24/2009 at the average price of $23.31; the price of the stock has increased by 3.78% since.

Tortoise Power and Energy Infrastructure (TPZ): CFO Terry Matlack Bought 1,500 Shares

CFO of Tortoise Power and Energy Infrastructure (TPZ) Terry Matlack bought 1,500 shares on 07/29/2009 at an average price of $20.

Buy: Senior VP and Treasurer  Kenneth P Malvey bought 400 shares of TPZ stock on 07/30/2009 at the average price of $20; the price of the stock has decreased by 0% since. Buy: Director  H Kevin Birzer bought 700 shares of TPZ stock on 07/29/2009 at the average price of $20 and 700 shares of TPZ stock on 07/29/2009 at the average price of $20; the price of the stock has decreased by 0% since.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.

About the author:

gurujk
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 3.4/5 (5 votes)

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