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Weekly CFO Buys Highlight: Protection One Inc., Rocky Brands Inc., Arrhythmia Research Technology Inc, MCF Corp, InnerWorkings Inc., Eagle Bancorp Inc., NewBridge Bancorp.

Alex Alexander

gurujk

5 followers
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: Protection One Inc. (PONE), Rocky Brands Inc. (RCKY), Arrhythmia Research Technology Inc (HRT), MCF Corp (MERR), InnerWorkings Inc. (INWK), Eagle Bancorp Inc. (EGBN), and NewBridge Bancorp (NBBC).

Protection One Inc. (PONE): EVP & CFO Darius G Nevin Bought 53,000 Shares

EVP & CFO of Protection One Inc. (PONE) Darius G Nevin bought 53,000 shares on 09/15/2009 at an average price of $3.73. Protection One one of the leading residential security alarm companies in the United States provides monitoring and related security services to residential and commercial subscribers in North America and is a leading security provider to the multifamily housing market through Network Multifamily. Protection One Inc. has a market cap of $122.6 million; its shares were traded at around $4.84 with and P/S ratio of 0.2.

Protection One Inc. reported financial results for the second quarter ended June 30, 2009. Consolidated revenue in the second quarter of 2009 decreased less than one half of one percent to $92.1 million. This decrease reflects an increase in Wholesale monitoring revenue that was offset by a decline in Retail and Multifamily monitoring and service revenue. Operating income increased to $8.9 million from $2.8 million in the second quarter of 2008 primarily due to lower amortization and depreciation expense and a reduction in net costs incurred in Retail customer acquisition activities. Higher contribution from monitoring and service gross margin was offset by an increase in general and administrative expenses related to elevated bad debt and legal fees. The Company's net loss in the second quarter improved to $(2.5) million, or $(0.10) per share, from $(9.1) million, or $(0.36) per share, during the same period in 2008. Higher operating income in the second quarter of 2009 due to the aforementioned items was the primary factor in the improvement.

Buy: President & CEO Richard Ginsburg bought 32,000 more shares of PONE stock on 06/05/2009 at the average price of $2.92 and 6,300 shares of PONE stock on 09/02/2009 at the average price of $3.7; the price of the stock has increased by 30.81% since. Buy: General Counsel John Eric Griffin bought 2,000 shares of PONE stock on 06/05/2009 at the average price of $2.75; the price of the stock has increased by 76% since. Buy: Vice President Anthony Wilson bought 2,000 shares of PONE stock on 06/04/2009 at the average price of $2.5; the price of the stock has increased by 93.6% since. Buy: Director Robert J Mcguire bought 10,000 shares of PONE stock on 06/02/2009 at the average price of $2.4; the price of the stock has increased by 101.67% since.

Rocky Brands Inc. (RCKY): EVP, CFO and Treasurer James E Mcdonald Bought 11,000 Shares

EVP, CFO and Treasurer of Rocky Brands Inc. (RCKY) James E Mcdonald bought 11,000 shares on 09/10/2009 at an average price of $5.05. Rocky Brands Inc. is a leading designer manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear Georgia Boot Durango Lehigh and the licensed brand Dickies. Rocky Brands Inc. has a market cap of $31.1 million; its shares were traded at around $5.6 with a P/E ratio of 50.9 and P/S ratio of 0.1. Rocky Brands Inc. had an annual average earning growth of 0.8% over the past 5 years.

Rocky Brands Inc. recently announced financial results for its second quarter ended June 30, 2009. For the second quarter of 2009, net sales decreased to $51.2 million versus net sales of $60.5 million in the second quarter of 2008. The Company reported a net loss of $1.4 million, or ($0.25) per diluted share versus net income of $0.7 million, or $0.13 per diluted share a year ago. 

Buy: Director Harley E Jr Rouda bought 2,000 shares of RCKY stock on 05/04/2009 at the average price of $3.94; the price of the stock has increased by 42.13% since.

Arrhythmia Research Technology Inc (HRT): CFO David A Garrison Bought 5,000 Shares

CFO of Arrhythmia Research Technology Inc (HRT) David A Garrison bought 5,000 shares on 09/15/2009 at an average price of $3.11. Arrhythmia Research Technology Inc. a Delaware corporation is engaged in the development of medical software which acquires data and analyzes electrical impulses of the heart to detect and aid in the treatment of potentially lethal arrhythmias. The Company's patented products consist of signal-averaging electrocardiographic (SAECG) software whose proprietary Windows based version is named the Predictor series. These systems and product lines have defined the industry and clinical standards for high resolution electrocardiography. The Company through its wholly owned subsidiary Micron Products Inc. manufactures silver plated and non-silver plated conductive resin sensors and distributes metal snaps used in the manufacture of disposable ECG EEG EMS and TENS. It operates primarily in the United States Canada Europe and the Pacific Rim and is based in Fitchburg Massachusetts. Arrhythmia Research Technology Inc has a market cap of $10.7 million; its shares were traded at around $4 with and P/S ratio of 0.5. Arrhythmia Research Technology Inc had an annual average earning growth of 25.2% over the past 10 years.

Arrhythmia Research Technology recently reported total revenue of $5,371,000 and net income of $77,000 for the quarter ended June 30, 2009 compared to total revenue of $6,426,000 and net income of $134,000 for the same quarter of 2008. Basic net income per share for the three months ended June 30, 2008 decreased to $0.03 per share from $0.05 per share for the same period in 2008.

MCF Corp (MERR): CFO Peter V Coleman Bought 5,000 Shares

CFO of MCF Corp (MERR) Peter V Coleman bought 5,000 shares on 09/11/2009 at an average price of $1.16. MERRIMAN CURHAN FORD & CO. is a securities broker-dealer and investment bank focused on emerging growth companies and growth-oriented institutional investors. The Firm provides sales and trading services primarily to institutions as well as advisory and investment banking services to corporate clients. The Firm's mission is to become a leader in the researching advising financing and trading of emerging growth equities. Mcf Corp has a market cap of $19.1 million; its shares were traded at around $1.5 with and P/S ratio of 0.5.

Buy: CEO, 10% Owner D Jonathan Merriman bought 27,400 more shares of MERR stock on 09/11/2009 at the average price of $1.11 and 6,726 shares of MERR stock on 09/15/2009 at the average price of $1.25; the price of the stock has increased by 20% since.

InnerWorkings Inc. (INWK): CFO Joseph M Busky Bought 5,000 Shares

CFO of InnerWorkings Inc. (INWK) Joseph M Busky bought 5,000 shares on 09/11/2009 at an average price of $4.85. INNERWORKINGS are a leading global provider of managed print and promotional procurement solutions to corporate clients. With proprietary technology an extensive supplier network and domain expertise they procure manage and deliver printed products as part of a comprehensive outsourced enterprise solution. Their technology is designed to capitalize on excess manufacturing capacity and other inefficiencies in the traditional print supply chain to obtain favorable pricing and to deliver high quality products and services for our clients. Innerworkings Inc. has a market cap of $226.8 million; its shares were traded at around $4.98 with a P/E ratio of 26.2 and P/S ratio of 0.5.

InnerWorkings Inc. recently reported results for the second fiscal quarter ended June 30, 2009. The Company generated second quarter revenue of $100.1 million and diluted earnings per share of $0.05, including $0.01 per share from the sale of Echo Global Logistics, Inc. common stock. Second quarter net income was $2.1 million or $0.05 per diluted share.

Buy: Director Charles K Bobrinskoy bought 10,000 shares of INWK stock on 09/08/2009 at the average price of $4.58; the price of the stock has increased by 8.73% since. Buy: Director Eric P Lefkofsky bought 50,000 shares of INWK stock on 03/30/2009 at the average price of $3.75; the price of the stock has increased by 32.8% since. Buy: Director Jack M Greenberg bought 8,000 shares of INWK stock on 03/30/2009 at the average price of $3.76; the price of the stock has increased by 32.45% since.

Eagle Bancorp Inc. (EGBN): Executive Vice President/CFO James H Langmead Bought 3,000 Shares

Executive Vice President/CFO of Eagle Bancorp Inc. (EGBN) James H Langmead bought 3,000 shares on 09/16/2009 at an average price of $8.2. EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda Maryland and conducts full service commercial banking services through nine offices located in Montgomery County Maryland and Washington D.C. The Company focuses on building relationships with businesses professionals and individuals in its marketplace. Eagle Bancorp Inc. has a market cap of $111.6 million; its shares were traded at around $8.75 with a P/E ratio of 14.2 and P/S ratio of 1.6.

Buy: President & CEO Ronald D Paul bought 304,878 shares of EGBN stock on 09/16/2009 at the average price of $8.2; the price of the stock has increased by 6.71% since. Buy: Director Norman Robert Pozez bought 24,390 shares of EGBN stock on 09/16/2009 at the average price of $8.2; the price of the stock has increased by 6.71% since. Buy: Director Robert P Pincus bought 42,684 shares of EGBN stock on 09/16/2009 at the average price of $8.2; the price of the stock has increased by 6.71% since. Buy: Director Harvey Michael Goodman bought 9,098 shares of EGBN stock on 09/16/2009 at the average price of $8.2; the price of the stock has increased by 6.71% since. Buy: Director Neal R Gross bought 122,100 shares of EGBN stock on 09/16/2009 at the average price of $8.2; the price of the stock has increased by 6.71% since. Buy: Director Donald R Rogers bought 2,091 shares of EGBN stock on 09/16/2009 at the average price of $8.2; the price of the stock has increased by 6.71% since.

NewBridge Bancorp (NBBC): EVP and CFO Ramsey K Hamadi Bought 4,300 Shares

EVP and CFO of NewBridge Bancorp (NBBC) Ramsey K Hamadi bought 4,300 shares during the past week at an average price of $2.17. 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 $38.3 million; its shares were traded at around $2.45 with and P/S ratio of 0.3.

NewBridge Bancorp recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net loss in the second quarter of 2009 was $5.9 million ($0.42 per diluted share), compared to $260,000 ($0.02 per diluted share) in the same quarter of the 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 18.93% 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 18.93% 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 18.93% 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 18.93% 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 18.93% since.

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


Rating: 3.0/5 (2 votes)

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