Weekly CFO Buys Highlight: WESCO International, Scientific Games, Competitive Technologies, Nara Bancorp, VCG Holding, CAPE BANCORP, OceanFirst Financial Corp.

Weekly CFO Buys Highlight: WCC, SGMS, CTT, NARA, VCGH, CBNJ, OCFC

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Nov 02, 2009
According to GuruFocus Insider Data, these are the largest CFO buys during the past week.

WESCO International Inc. (WCC, Financial): CFO Richard Heyse Bought 12,000 Shares

CFO of WESCO International Inc. (WCC) Richard Heyse bought 12,000 shares on 10/28/2009 at an average price of $25.95. Wesco International Inc. is a leading provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Their Integrated Supply solutions and outsourcing services fulfill all of a customer's industrial MRO procurement needs through a highly automated proprietary electronic procurement and inventory replenishment system. Wesco International Inc. has a market cap of $1.08 billion; its shares were traded at around $25.56 with a P/E ratio of 8.6 and P/S ratio of 0.2. Wesco International Inc. had an annual average earning growth of 40.2% over the past 5 years.

WCC is in the portfolios of Ronald Muhlenkamp of Muhlenkamp Fund, Richard Snow of Snow Capital Management, L.P., NWQ Managers of NWQ Investment Management Co.

WESCO International Inc. recently reported financial results for the third quarter 2009 ended September 30, 2009. Consolidated net sales for the quarter were $1,152.4 million compared to $1,682.1 million in the third quarter of 2008, a decline of 29.2%, including a 0.7% negative impact from foreign exchange rates. Net income for the quarter was $33.6 million compared to $63.7 million for the comparable quarter in 2008. Diluted earnings per share were $0.79 based on 42.8 million shares compared to $1.48 with 43.1 million shares in the third quarter of 2008.

Buy:: on 10/28/2009 CFORichard Heyse bought 12,000 shares of WCC stock at the average price of 25.95, the price of the stock has decreased by 1.5% since.

Scientific Games Corp (SGMS, Financial): VP & CFO Jeff S Lipkin Bought 5,000 Shares

VP & CFO of Scientific Games Corp (SGMS) Jeff S Lipkin bought 5,000 shares on 10/30/2009 at an average price of $14.03. Scientific Games Corporation is the leading integrated supplier of instant tickets systems and services to lotteries and the leading supplier of wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. Scientific Games Corp has a market cap of $1.3 billion; its shares were traded at around $14.07 with a P/E ratio of 18.3 and P/S ratio of 1.2. Scientific Games Corp had an annual average earning growth of 4.1% over the past 5 years.

Scientific Games Corp recently announced fiscal results for the third quarter 2009. Total revenue in the third quarter of 2009 was $239.1 million from $291.9 million a year earlier. Net income in the third quarter of 2009 was $15.1 million, or $0.16 per diluted share, compared to $22.2 million, or $0.23 per diluted share, in the third quarter of 2008.

SGMS is in the portfolios of Ron Baron of Baron Funds.

Buy:: On 10/30/2009 CEO Joseph R Jr Wright bought 10,000 shares of SGMS stock at the average price of 13.98, the price of the stock has increased by 0.64% since. Buy:: VP & CFO on 10/30/2009 Jeff S Lipkin bought 5,000 shares of SGMS stock at the average price of 14.03, the price of the stock has increased by 0.29% since. Buy:: Director on 10/30/2009 Barry F Schwartz bought 10,000 shares of SGMS stock at the average price of 14.18, the price of the stock has decreased by 0.78% since. Buy:: Director on 10/30/2009 David L Kennedy bought 10,000 shares of SGMS stock at the average price of 13.76, the price of the stock has increased by 2.25% since. Buy:: President & COO on 10/30/2009 Michael R. Chambrello bought 5,000 shares of SGMS stock at the average price of 13.96, the price of the stock has increased by 0.79% since.

Competitive Technologies Inc (CTT, Financial): CEO, President, Interim CFO John B Nano Bought 4,118 Shares

CEO, President, Interim CFO of Competitive Technologies Inc (CTT) John B Nano bought 4,118 shares on 10/28/2009 at an average price of $2.42. COMPETITIVE TECHNOLOGIES INC is engaged primarily in providing technology management services to universities to federal agencies and laboratories and to corporations with the goal of maximizing returns on clients' investments in technology. Competitive Technologies Inc has a market cap of $21.7 million; its shares were traded at around $2.2 with and P/S ratio of 18.1.

Competitive Technologies Inc. recently announced financial results for the third quarter fiscal 2009, ending April 30, 2009. Total revenue for the fiscal third quarter ended April 30, 2009, was approximately $0.2 million, equal to approximately $0.2 million in the same period of the prior year. The net loss for the quarter is approximately $0.8 million, or $0.09 per share, a 20% improvement over the net loss of approximately $1.0 million, or $0.12 per share, for the prior year quarter.

Buy:: CEO, President, Interim CFO on 10/28/2009 John B Nano bought 4,118 shares of CTT stock at the average price of 2.42 and 4,118 shares of CTT stock at the average price of 2.42, the price of the stock has decreased by 9.09% since. Buy:: Director on 10/30/2009 William L Reali bought 2,000 shares of CTT stock at the average price of 2.37, the price of the stock has decreased by 7.17% since. Buy:: Director on 10/29/2009 Joel M Evans bought 5,000 shares of CTT stock at the average price of 2.32, the price of the stock has decreased by 5.17% since. Buy:: Director on 10/28/2009 Richard D Hornidge bought 4,000 shares of CTT stock at the average price of 2.44, the price of the stock has decreased by 9.84% since.

Nara Bancorp Inc. (NARA, Financial): EVP and CFO Alvin D Kang Bought 2,667 Shares

EVP and CFO of Nara Bancorp Inc. (NARA) Alvin D Kang bought 2,667 shares on 10/27/2009 at an average price of $7.5. Nara Bancorp Inc. is a bank holding company for Nara Bank N.A. Nara Bancorp Inc. has a market cap of $193.2 million; its shares were traded at around $7.36 with and P/S ratio of 1.1. Nara Bancorp Inc. had an annual average earning growth of 22.2% over the past 5 years.

NARA is in the portfolios of Richard Pzena of Pzena Investment Management LLC.

Buy:: on 10/27/2009 President & CEO Min J Kim bought 6,667 shares of NARA stock at the average price of 7.5, the price of the stock has decreased by 1.87% since. Buy:: EVP and CFO Alvin D Kang bought 500 shares of NARA stock on 05/07/2009 at the average price of 3.9, 500 shares of NARA stock on 05/14/2009 at the average price of 3.51, and 2,667 shares of NARA stock at the average price of 7.5 on 10/27/2009, the price of the stock has decreased by 1.87% since. Buy:: on 10/27/2009 COO & EVP Bonita Lee bought 4,000 shares of NARA stock at the average price of 7.5, the price of the stock has decreased by 1.87% since. Buy:: on 10/27/2009 EVP & Chief Credit Officer Mark Hakjoon Lee bought 2,000 shares of NARA stock at the average price of 7.5, the price of the stock has decreased by 1.87% since. Buy:: on 10/27/2009 EVP & Eastern Regional Manager Kyu S. Kim bought 667 shares of NARA stock at the average price of 7.5, the price of the stock has decreased by 1.87% since. Buy:: on 10/27/2009 Director Chong Moon Lee bought 133,334 shares of NARA stock at the average price of 7.5, the price of the stock has decreased by 1.87% since. Buy:: on 10/27/2009 Director on Ki Suh Park bought 8,000 shares of NARA stock at the average price of 7.5, the price of the stock has decreased by 1.87% since.

VCG Holding Corp. (VCGH, Financial): CFO Courtney Cowgill Bought 1,000 Shares

CFO of VCG Holding Corp. (VCGH) Courtney Cowgill bought 1,000 shares on 10/23/2009 at an average price of $2. VCG Holding Corp currently owns several high line adult nightclubs and operates more clubs on management agreements located in Indianapolis Memphis St. Louis Denver Phoenix Louisville and Honolulu. Vcg Holding Corp. has a market cap of $32.8 million; its shares were traded at around $1.88 with a P/E ratio of 7.6 and P/S ratio of 0.6.

VCG Holding Corp. reported second quarter 2009 financial results. Net income for the second quarter of 2009 was $800,000, or $0.04 per diluted share, as compared to net income of $1.6 million, or $0.09 per diluted share, in the second quarter of 2008. Total revenue for the six months ended June 30, 2009 remained stable at $27.7 million compared to $27.9 million for the same period in 2008.

Buy:: on 10/23/2009 CFO Courtney Cowgill bought 1,000 shares of VCGH stock at the average price of 2, the price of the stock has decreased by 6% since. Buy:: 08/24/2009 Director on Robert Jr Mcgraw bought 3,000 shares of VCGH stock at the average price of 2.18, the price of the stock has decreased by 13.76% since. Buy:: on 08/17/2009 Director Kenton D Sieckman bought 2,000 shares of VCGH stock at the average price of 2, the price of the stock has decreased by 6% since. Buy:: on 07/09/2009 Director Kenton D Sieckman bought 2,000 shares of VCGH stock at the average price of 2.2, the price of the stock has decreased by 14.55% since. Buy:: on 07/09/2009 Director Kenton D Sieckman bought 2,000 shares of VCGH stock at the average price of 2.2, the price of the stock has decreased by 14.55% since.

CAPE BANCORP, INC. (CBNJ, Financial): SVP and CFO Guy Hackney Bought 1,000 Shares

SVP and CFO of CAPE BANCORP, INC. (CBNJ) Guy Hackney bought 1,000 shares on 10/23/2009 at an average price of $6.33. Cape Savings Bank has been in business for over eighty years servicing the needs of Cape May and Atlantic Counties in southern New Jersey. They are a full service financial institution that provides a complete line of business and personal banking products. The Bank is headquartered in Cape May Court House New Jersey and has over $500 million in local assets. Cape Bancorp, Inc. has a market cap of $94.5 million; its shares were traded at around $7.1 with and P/S ratio of 2.

CBNJ is in the portfolios of Michael Price of MFP Investors LLC.

Buy:: on 10/23/2009 SVP and CFO Guy Hackney bought 1,000 shares of CBNJ stock at the average price of 6.33, the price of the stock has increased by 12.16% since. Buy:: on 10/27/2009 Director Frank J Glaser bought 2,000 shares of CBNJ stock at the average price of 6.13, the price of the stock has increased by 15.82% since. Buy:: on 10/23/2009 Director Agostino R Fabietti bought 7,500 shares of CBNJ stock at the average price of 6, the price of the stock has increased by 18.33% since. Buy:: on 10/23/2009 Director James J Lynch bought 52,100 shares of CBNJ stock at the average price of 6.06, the price of the stock has increased by 17.16% since. Buy:: on 08/14/2009 Director Matthew J Reynolds bought 1,150 shares of CBNJ stock at the average price of 8.37, the price of the stock has decreased by 15.17% since

OceanFirst Financial Corp. (OCFC, Financial): Executive Vice President & CFO Michael J Fitzpatrick Bought 1,000 Shares

Executive Vice President & CFO of OceanFirst Financial Corp. (OCFC) Michael J Fitzpatrick bought 1,000 shares on 10/29/2009 at an average price of $9. OceanFirst Financial Corp. is a holding company for the OceanFirst Bank. Oceanfirst Financial Corp. has a market cap of $117.6 million; its shares were traded at around $9.5 with a P/E ratio of 7.9 and P/S ratio of 1. The dividend yield of Oceanfirst Financial Corp. stocks is 8.5%. Oceanfirst Financial Corp. had an annual average earning growth of 7.2% over the past 10 years.

OceanFirst Financial Corp. announced fiscal results for the third quarter of 2009. The company reported net income and net income available to common shareholders of $920,000 and $734,000, respectively, for the three months ended September 30, 2009, as compared to $1.03 million for both for the same period in 2008.

OCFC is in the portfolios of Private Capital of Private Capital Management.

Buy:: on 10/29/2009 Chairman, President and CEO John R Garbarino bought 3,000 shares of OCFC stock at the average price of 9, the price of the stock has increased by 5.56% since. Buy:: on 10/29/2009 Executive Vice President & CFO Michael J Fitzpatrick bought 1,000 shares of OCFC stock at the average price of 9, the price of the stock has increased by 5.56% since. Buy:: on 10/29/2009 Senior VP/ Corporate Secretary John K Kelly bought 800 shares of OCFC stock at the average price of 9, the price of the stock has increased by 5.56% since. Buy:: on 10/29/2009 E.V.P., OceanFirst Bank Vito Nardelli bought 1,000 shares of OCFC stock at the average price of 9, the price of the stock has increased by 5.56% since. Buy:: on 10/29/2009 OceanFirst Bank Officer Joseph R Iantosca bought 500 shares of OCFC stock at the average price of 9, the price of the stock has increased by 5.56% since. Sell:: on 09/30/2009 10% Owner Foundation Oceanfirst sold 16,000 shares of OCFC stock at the average price of 12.39, the price of the stock has decreased by 23.33% since. Sell:: on 09/15/2009 10% Owner Foundation Oceanfirst sold 8,000 shares of OCFC stock at the average price of 12.58, the price of the stock has decreased by 24.48% since.

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