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Weekly CFO Buys Highlight: Smith International Inc., Ameris Bancorp, Callon Petroleum Company, Pixelworks Inc., Charles & Colvard Ltd.

November 28, 2009 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Smith International Inc. (SII), Ameris Bancorp (ABCB), Callon Petroleum Company (CPE), Pixelworks Inc. (PXLW), and Charles & Colvard Ltd (CTHR).

Smith International Inc. (SII): Sr. VP, CFO & Treasurer William J Restrepo Bought 18,000 Shares

Sr. VP, CFO & Treasurer of Smith International Inc. (SII) William J Restrepo bought 18,000 shares on 11/19/2009 at an average price of $27. Smith International, Inc. is a worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets. Smith International Inc. has a market cap of $5.85 billion; its shares were traded at around $26.54 with a P/E ratio of 15.3 and P/S ratio of 0.6. The dividend yield of Smith International Inc. stocks is 1.9%. Smith International Inc. had an annual average earning growth of 22.5% over the past 10 years. GuruFocus rated Smith International Inc. the business predictability rank of 2.5-star.

SII is in the portfolios of George Soros of Soros Fund Management LLC.

Buy:: Director Duane C Radtke bought 10,000 shares of SII stock on 11/03/2009 at the average price of 28.6, the price of the stock has decreased by 7.2% since. Sell:: EVP, President D&E Bryan L Dudman sold 3,700 shares of SII stock on 09/09/2009 at the average price of 27.4, the price of the stock has decreased by 3.14% since.

Ameris Bancorp (ABCB): EVP & CFO Dennis J Jr Zember Bought 10,700 Shares

EVP & CFO of Ameris Bancorp (ABCB) Dennis J Jr Zember bought 10,700 shares on 11/23/2009 at an average price of $6.49. ABC Bancorp is a bank holding company. Ameris Bancorp has a market cap of $89 million; its shares were traded at around $6.5 with a P/E ratio of 11.4 and P/S ratio of 0.6. Ameris Bancorp had an annual average earning growth of 3.9% over the past 5 years.

Ameris Bancorp reported a net loss available to common shareholders of $791,000, or $0.06 per diluted share, for the quarter ended September 30, 2009, compared to net income of $366,000, or $0.03 per diluted share, for the third quarter of 2008. Total assets for the Company declined during the current quarter, ending at $2.21 billion compared to $2.29 billion at the end of the second quarter of 2009.

Buy:: President & CEO Edwin W Jr Hortman bought 2,000 shares of ABCB stock on 11/10/2009 at the average price of 6.03, the price of the stock has increased by 7.79% since. Buy:: Director Robert P Lynch bought 20,024 shares of ABCB stock on 11/24/2009 at the average price of 6.49, the price of the stock has increased by 0.15% since. Buy:: EVP-Retain Bnkg & SC Reg Exec Marc J Bogan bought 800 shares of ABCB stock on 11/12/2009 at the average price of 6, the price of the stock has increased by 8.33% since.

Callon Petroleum Company (CPE): Executive Vice President/ CFO B F Weatherly Bought 6,225 Shares

Executive Vice President/ CFO of Callon Petroleum Company (CPE) B F Weatherly bought 6,225 shares on 11/24/2009 at an average price of $1.69. Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. Callon Petroleum Company has a market cap of $36.4 million; its shares were traded at around $1.68 with and P/S ratio of 0.3. Callon Petroleum Company had an annual average earning growth of 12.6% over the past 5 years.

Callon Petroleum Company reported results of operations for both the three and the nine-month periods ended September 30, 2009. For the quarter ended September 30, 2009, the company reported a net loss of $1.0 million, or $0.04 per share. Net income for the comparable period of 2008 was $5.9 million, or $0.27 per share.

Buy:: Executive Vice President/ CFO B F Weatherly bought 6,225 shares of CPE stock on 11/24/2009 at the average price of 1.69, the price of the stock has decreased by 0.59% since. Buy:: Director Richard O Wilson bought 35,771 shares of CPE stock on 06/15/2009 at the average price of 2.52, the price of the stock has decreased by 33.33% since.

Pixelworks Inc. (PXLW): VP, CFO & Treasurer Steven L Moore Bought 5,000 Shares

VP, CFO & Treasurer of Pixelworks Inc. (PXLW) Steven L Moore bought 5,000 shares on 11/25/2009 at an average price of $2.65. Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip. Pixelworks Inc. has a market cap of $36.7 million; its shares were traded at around $2.75 with and P/S ratio of 0.4.

Pixelworks, Inc. announced financial results for the third quarter endedSeptember 30, 2009. Third quarter 2009 revenue was $16.7 million, at the high end of the range of management guidance. Revenue for the third quarter increased 18% sequentially from $14.2 million in the second quarter of 2009 and was down 22% from $21.5 million in the third quarter of 2008. On a non-GAAP basis, net income was $0.1 million, or $0.01 per diluted share in the third quarter of 2009, compared to net loss of $(0.9) million, or $(0.07)per share in the second quarter of 2009 and net income of $0.7 million, or $0.05 per diluted share in the third quarter of 2008.

Buy:: President and CEO Bruce A Walicek bought 10,000 shares of PXLW stock on 11/25/2009 at the average price of 2.64, the price of the stock has increased by 4.17% since. Buy:: Sr VP of Engineering Tzoyao Chan bought 5,000 shares of PXLW stock on 08/27/2009 at the average price of 2.7, the price of the stock has increased by 1.85% since. Buy:: Vice President, Finance Michelle Billings Hilderbrand bought 1,500 shares of PXLW stock on 08/25/2009 at the average price of 2.39, the price of the stock has increased by 15.06% since. Buy:: EVP, Sales and Marketing Anthony Bozzini bought 16,474 shares of PXLW stock on 08/25/2009 at the average price of 2.35, the price of the stock has increased by 17.02% since. Buy:: Director Mark Christensen bought 22,695 shares of PXLW stock on 08/03/2009 at the average price of 1.69, the price of the stock has increased by 62.72% since. Buy:: Director James R Fiebiger bought 17,500 shares of PXLW stock on 07/30/2009 at the average price of 1.64, the price of the stock has increased by 67.68% since.

Charles & Colvard Ltd (CTHR): CFO Timothy L Krist Bought 4,800 Shares

CFO of Charles & Colvard Ltd (CTHR) Timothy L Krist bought 4,800 shares on 11/24/2009 at an average price of $1.19. Charles and Colvard manufacture, market and distribute moissanitejewels for sale in the worldwide jewelry market. Moissanite, also known by its chemical name, silicon carbide, is a rare, naturally occurring mineral found primarily in meteorites. The Company is the sole manufacturer of scientifically-made moissanite jewels. Their strategy is to create a unique brand image which positions moissanite as a jewel in its ownright, distinct from all other jewels based on its fire, brilliance, luster, durability and rarity. Charles & Colvard Ltd has a market cap of $25.1 million; its shares were traded at around $1.33 with and P/S ratio of 1.8.

Buy:: President & CEO Randy N Mccullough bought 900 shares of CTHR stock on 11/17/2009 at the average price of 0.89, the price of the stock has increased by 49.44% since. Buy:: President & CEO Randy N Mccullough bought 24,100 shares of CTHR stock on 11/17/2009 at the average price of 0.86, the price of the stock has increased by 54.65% since. Buy:: Director Charles D Lein bought 3,000 shares of CTHR stock on 11/23/2009 at the average price of 1.38, the price of the stock has decreased by 3.62% since. Buy:: Director Ollin B Sykes bought 10,000 shares of CTHR stock on 11/18/2009 at the average price of 1, 13,500 shares of CTHR stock on 11/19/2009 at the average price of 1.11, and 11,000 shares of CTHR stock on 11/20/2009 at the average price of 1.25, the price of the stock has increased by 6.4% since. Buy:: Director Laura C Kendall bought 10,000 shares of CTHR stock on 11/18/2009 at the average price of 0.97, the price of the stock has increased by 37.11% since.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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