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Weekly CFO Buy Highlights: Gigatronics Inc., Akorn Inc., MainSource Financial Group Inc, U.S. Auto Parts Network Inc., NewBridge Bancorp, MCG Capital Corp., Tower Bancorp Inc.

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Gigatronics Inc. ( GIGA ), Akorn Inc. (AKRX), MainSource Financial Group Inc (MSFG), U.S. Auto Parts Network Inc. ( PRTS ), NewBridge Bancorp (NBBC), MCG Capital Corp. (MCGC), Tower Bancorp Inc (TOBC).

Gigatronics Inc. (GIGA ): VP Finance/CFO and Secretary Patrick J Lawlor Bought 9,630 Shares

VP Finance/CFO and Secretary of Gigatronics Inc. ( GIGA ) Patrick J Lawlor bought 9,630 shares on 08/28/2009 at an average price of $1.75. Giga-tronics designs manufactures and markets through its Giga-tronicsInstrument Division a broad line of test and measurement equipment used in the development test and maintenance of wireless communications products and systems flight navigational equipment electronic defense systems and automatic testing systems. These products are used primarily in the design production repair and maintenance of commercial telecommunications radar and electronic warfare. Gigatronics Inc. has a market cap of $9.9 million; its shares were traded at around $2.05 with a P/E ratio of 22.8 and P/S ratio of 0.5.

Sell: Chief Technology Officer  Jeffrey T Lum sold 2,612 shares of GIGA stock on 08/21/2009 at the average price of $1.95 and 12,388 shares of GIGA stock on 08/28/2009 at the average price of $1.75; the price of the stock has increased by 17.14% since.

Akorn Inc. (AKRX): CFO Timothy A Dick Bought 5,600 Shares

CFO of Akorn Inc. (AKRX) Timothy A Dick bought 5,600 shares on 08/31/2009 at an average price of $1.25. Akorn Inc. manufactures and markets diagnostic and therapeutic pharmaceuticals in specialty areas such as ophthalmology rheumatology anesthesia and antidotes among others. They also market ophthalmic surgical instruments and related products. Customers include physicians optometrists wholesalers group purchasing organizations and otherpharmaceutical companies. They also provide contract manufacturingservices. Akorn Inc. has a market cap of $110.1 million; its shares were traded at around $1.22 with and P/S ratio of 1.3.

Buy: Sr. VP and General Counsel  Joseph Bonaccorsi bought 9,900 shares of AKRX stock on 08/31/2009 at the average price of $1.25; the price of the stock has decreased by 2.4% since. Buy: Director, 10% Owner  John N Kapoor bought 100,000 shares of AKRX stock on 05/19/2009 at the average price of $0.94; the price of the stock has increased by 29.79% since.

MainSource Financial Group Inc (MSFG): Sr. VP and CFO James M Anderson Bought 5,226 Shares

Sr. VP and CFO of MainSource Financial Group Inc (MSFG) James M Anderson bought 5,226 shares on 09/03/2009 at an average price of $5.74. MainSource Financial Group Inc. is a community-focused multi-bank financial services oriented holding company. Mainsource Financial Group Inc has a market cap of $118.6 million; its shares were traded at around $5.89 with a P/E ratio of 13.1 and P/S ratio of 0.6. The dividend yield of Mainsource Financial Group Inc stocks is 3.3%. Mainsource Financial Group Inc had an annual average earning growth of 0.2% over the past 5 years.

Buy: President and CEO  Archie M Jr Brown bought 1,422 shares of MSFG stock on 08/06/2009 at the average price of $6.66 and 2,500 shares of MSFG stock on 08/18/2009 at the average price of $6.75; the price of the stock has decreased by 12.74% since. Buy: Chairman  Robert E Hoptry bought 8,000 shares of MSFG stock on 09/01/2009 at the average price of $6.02; the price of the stock has decreased by 2.16% since. Buy: Director  Brian J Crall bought 1,640 shares of MSFG stock on 08/25/2009 at the average price of $6.75; the price of the stock has decreased by 12.74% since. Buy: Director  Douglas I Kunkel bought 7,000 shares of MSFG stock on 08/18/2009 at the average price of $6.8; the price of the stock has decreased by 13.38% since. Buy: Chairman  Robert E Hoptry bought 1,000 shares of MSFG stock on 08/14/2009 at the average price of $6.4; the price of the stock has decreased by 7.97% since. Buy: Director  D J Hines bought 2,000 shares of MSFG stock on 08/06/2009 at the average price of $6.75; the price of the stock has decreased by 12.74% since.

U.S. Auto Parts Network Inc. ( PRTS ): CFO Theodore R Sanders Bought 5,000 Shares

CFO of U.S. Auto Parts Network Inc. ( PRTS ) Theodore R Sanders bought 5,000 shares on 08/28/2009 at an average price of $5.26. US AUTO PARTS NETWORK INC. is a leading online provider of automotive aftermarket parts including body parts engine parts performance parts and accessories. Through the Company's network of websites U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes models and years. U.s. Auto Parts Network Inc. has a market cap of $162.4 million; its shares were traded at around $5.44 with a P/E ratio of 544 and P/S ratio of 1.1.

Buy: Director, 10% Owner  Sol Khazani bought 20,000 shares of PRTS stock on 08/17/2009 at the average price of $5.5; the price of the stock has decreased by 1.09% since. Buy: Director, 10% Owner  Sol Khazani bought 9,500 shares of PRTS stock on 05/29/2009 at the average price of $3.61; the price of the stock has increased by 50.69% since. Buy: Director  Ellen F Siminoff bought 34,394 shares of PRTS stock on 05/13/2009 at the average price of $2.81; the price of the stock has increased by 93.59% since. Sell: Director, 10% Owner  Mehran Nia sold 13,446 shares of PRTS stock on 08/24/2009 at the average price of $5.62 and 33,355 shares of PRTS stock on 08/27/2009 at the average price of $5.54; the price of the stock has decreased by 1.81% since.

NewBridge Bancorp (NBBC): EVP and CFO Ramsey K Hamadi Bought 10,000 Shares

EVP and CFO of NewBridge Bancorp (NBBC) Ramsey K Hamadi bought 10,000 shares during the past week at an average price of $2.14. LSB Bancshares Inc. is a bank holding company whose principal business is providing banking and other financial services through its banking subsidiary. LSB Bancshares is the parent holding company of Lexington State Bank. Newbridge Bancorp has a market cap of $34.5 million; its shares were traded at around $2.2 with and P/S ratio of 0.2.

Newbridge Bancorp recently reported fiscal results for its second quarter 2009 ended June 30, 2009 . Net loss in the quarter of 2009 was $5.9 million ($0.42 per diluted share), compared to a net income of $260,000 ($0.02 per diluted share) in the same quarter of the previous year. Revenues in the second quarter of 2009 were $2.07 billion, compared to $2.06 billiion in the same quarter previous year.

Buy: Director  James David Branch bought 575 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 6.8% since. Buy: Director  Joseph H Kinnarney bought 875 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 6.8% since. Buy: Director  Elizabeth S Ward bought 825 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 6.8% since. Buy: Director  John F Watts bought 875 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 6.8% since. Buy: Director  Julius S Jr Young bought 390 shares of NBBC stock on 08/21/2009 at the average price of $2.06; the price of the stock has increased by 6.8% since.

MCG Capital Corp. (MCGC): EVP, CFO Stephen J. Bacica Bought 5,000 Shares

EVP, CFO of MCG Capital Corp. (MCGC) Stephen J. Bacica bought 5,000 shares on 08/27/2009 at an average price of $3.1. MCG Capital Corporation is a solutions-focused financial services firm that primarily provides capital to support the internal growth and corporate development initiatives of small-to medium-sized private companies in the media communications and technology sectors in the United States . Mcg Capital Corp. has a market cap of $227.3 million; its shares were traded at around $2.99 with a P/E ratio of 11.9 and P/S ratio of 1.7. Mcg Capital Corp. had an annual average earning growth of 15.4% over the past 5 years.

Buy: President & CEO  Steven F Tunney bought 50,000 shares of MCGC stock on 03/12/2009 at the average price of $0.82; the price of the stock has increased by 264.63% since. Buy: Director  Keefe Kenneth J O bought 5,000 shares of MCGC stock on 05/15/2009 at the average price of $2.02; the price of the stock has increased by 48.02% since. Buy: Director [url=http://www.gurufocus.com/InsiderBuy.php?insider=Ewing+A.+Hugh+ III ] A. Hugh Iii Ewing [/url] bought 200 shares of MCGC stock on 03/17/2009 at the average price of $1.06; the price of the stock has increased by 182.08% since. Buy: Director [url=http://www.gurufocus.com/InsiderBuy.php?insider= NEU +RICHARD+W] Richard W Neu [/url] bought 58,800 shares of MCGC stock on 03/17/2009 at the average price of $1.14; the price of the stock has increased by 162.28% since. Buy: Executive Vice President  Samuel G Rubenstein bought 15,000 shares of MCGC stock on 03/13/2009 at the average price of $0.88; the price of the stock has increased by 239.77% since. Buy: Executive Vice President  B Hagen Saville bought 50,000 shares of MCGC stock on 03/12/2009 at the average price of $0.89; the price of the stock has increased by 235.96% since.

Tower Bancorp Inc (TOBC): EVP, CFO Mark S Merrill Bought 3,800 Shares

EVP, CFO of Tower Bancorp Inc (TOBC) Mark S Merrill bought 3,800 shares on 08/28/2009 at an average price of $26.75. Tower Bancorp Inc. is a bank holding company whose primary activity consists of owning and supervising its subsidiary The First National Bank of Greencastle which provides commercial banking and bank related services primarily in south central Pennsylvania . Its activities include accepting demand time and savings deposits and granting loans to individuals corporations partnerships associations municipalities and other governmental bodies. Tower Bank positively impact lives by helping people achieve their dreams. Based in Greencastle Pennsylvania the company also operates branches located in Quincy Shady Grove Waynesboro Mercersburg Chambersburg Laurich Rozerville McConnellsburg Need and Fort Loudon Pennsylvania ; and Hancock and Hagerstown Maryland . Tower Bancorp Inc has a market cap of $135.4 million; its shares were traded at around $26.77 . The dividend yield of Tower Bancorp Inc stocks is 4.2%.

Sell: President, CEO  Andrew S Samuel sold 24,000 shares of TOBC stock on 08/28/2009 at the average price of $26.75; the price of the stock has increased by 0.07% since. Buy: EVP, General Counsel  Carl D Lundblad bought 300 shares of TOBC stock on 08/28/2009 at the average price of $26.75; the price of the stock has increased by 0.07% since. Buy: Director  Patricia A Carbaugh bought 100 shares of TOBC stock on 08/28/2009 at the average price of $26.75; the price of the stock has increased by 0.07% since. Buy: Director  Stephen E Beck bought 4,000 shares of TOBC stock on 08/28/2009 at the average price of $26.75; the price of the stock has increased by 0.07% since. Buy: Director  Frederic M Frederick bought 1,000 shares of TOBC stock on 08/28/2009 at the average price of $26.75; the price of the stock has increased by 0.07% since. Buy: Director  Mark E Gayman bought 200 shares of TOBC stock on 08/28/2009 at the average price of $26.75; the price of the stock has increased by 0.07% since.

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


Rating: 2.8/5 (29 votes)

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