Weekly CFO Buys Highlight: MHI Hospitality, Guaranty Bancorp, Rentrak Corp., Pixelworks Inc., West Ban Corp., DCP Midstream Partners LP, American Defense Systems

Weekly CFO Buys Highlight: MDH, GBNK, RENT, PXLW, WTBA, DPM, EAG

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Dec 07, 2009
According to GuruFocus Insider Data, the largest CFO buys during the past week were MHI Hospitality Corp. (MDH, Financial), Guaranty Bancorp (GBNK, Financial), Rentrak Corp. (RENT, Financial), Pixelworks Inc. (PXLW, Financial), West Ban Corp. (WTBA, Financial), DCP Midstream Partners LP (DPM, Financial), and American Defense Systems Inc. (EAG, Financial).

MHI Hospitality Corp. (MDH): CFO William Zaiser Bought 12,550 Shares

CFO of MHI Hospitality Corp. (MDH) William Zaiser bought 12,550 shares on 12/01/2009 at an average price of $1.6. MHI Hospitality Corporation is a self-advised lodging REIT focused on the acquisition, redevelopment and management of midscale and upscale full service hotels in the mid-Atlantic and southeastern United States. Mhi Hospitality Corp. has a market cap of $13.7 million; its shares were traded at around $1.966 with a P/E ratio of 4 and P/S ratio of 0.2. The dividend yield of Mhi Hospitality Corp. stocks is 1%.

MHI Hospitality Corporation reported its consolidated results for the third quarter ended September 30, 2009. Total revenue increased approximately $0.8 million or 4.6% over third quarter 2008 to approximately $18.0 million. Total assets totaled approximately $217.9 million at September 30, 2009, versus approximately $203.2 million at September 30, 2008.

Buy:: CEO Andrew Sims bought 453,125 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since. Buy:: CFO William Zaiser bought 12,550 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since. Buy:: COO David R Folsom bought 114,403 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since. Buy:: Chief Accounting Officer Anthony E Domalski bought 5,000 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since. Buy:: Director Edward Stein bought 4,000 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since. Buy:: Director Anthony C Zinni bought 7,514 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since. Buy:: Director James P Ohanlon bought 31,250 shares of MDH stock on 12/01/2009 at the average price of 1.6, the price of the stock has increased by 22.88% since.

Guaranty Bancorp (GBNK): EVP, CFO & COO Paul W Taylor Bought 10,000 Shares

EVP, CFO & COO of Guaranty Bancorp (GBNK) Paul W Taylor bought 10,000 shares on 11/30/2009 at an average price of $1.05. GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. Guaranty Bancorp has a market cap of $62.4 million; its shares were traded at around $1.19 with and P/S ratio of 0.4.

Guaranty Bancorp today reported a third quarter 2009 net loss of $16.9 million, or 33 cents loss per basic and diluted share, compared to a third quarter 2008 net loss of $265.8 million, or $5.21 loss per basic and diluted share.

GBNK is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.

Buy:: President & CEO Daniel M Quinn bought 15,000 shares of GBNK stock on 10/28/2009 at the average price of 1.27, 5,000 shares of GBNK stock on 11/03/2009 at the average price of 1.29, 5,000 shares of GBNK stock on 11/06/2009 at the average price of 1.22, and 10,000 shares of GBNK stock on 11/30/2009 at the average price of 1.04, the price of the stock has increased by 14.42% since. Buy:: EVP, CFO & COO Paul W Taylor bought 10,000 shares of GBNK stock on 11/30/2009 at the average price of 1.05, the price of the stock has increased by 13.33% since. Buy:: Director, 10% Owner John M Iii Eggemeyer bought 200,000 shares of GBNK stock on 10/29/2009 at the average price of 1.36, the price of the stock has decreased by 12.5% since.

Rentrak Corp. (RENT): COO & CFO David Chemerow Bought 7,000 Shares

COO & CFO of Rentrak Corp. (RENT) David Chemerow bought 7,000 shares on 11/25/2009 at an average price of $15.11. Rentrak Corporation's primary business is the distribution of videocassettes to home video specialty stores and other retailers using its Pay Per Transaction system. Under the company's system, home video specialty stores and other retailers that rent videocassettes to consumers, including grocery stores and convenience stores, lease videocassettes and other media from Rentrak for a low up-front fee and share a portion of each retail rental transaction with the company. Rentrak Corp. has a market cap of $159.4 million; its shares were traded at around $15.3 with a P/E ratio of 47.8 and P/S ratio of 1.6. Rentrak Corp. had an annual average earning growth of 25.1% over the past 5 years.

Rentrak Corporation announced financial results for its fiscal second quarter ended September 30, 2009. Consolidated revenues were $21.3 million for the fiscal 2010 second quarter, compared with $24.3 million for the prior-year period. Net income totaled $676,000, or $0.06 per diluted share, for the second quarter of fiscal 2010, compared with $842,000, or $0.08 per diluted share, for the second quarter of fiscal 2009.

RENT is in the portfolios of Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC, Chuck Royce of ROYCE & ASSOCIATES.

Buy:: CEO William Paul Livek bought 10,000 shares of RENT stock on 11/24/2009 at the average price of 15, the price of the stock has increased by 2% since. Buy:: COO & CFO David Chemerow bought 7,000 shares of RENT stock on 11/25/2009 at the average price of 15.11, the price of the stock has increased by 1.26% since. Sell:: President - PPT Division Marty G Graham sold 8,200 shares of RENT stock on 09/24/2009 at the average price of 17.75, the price of the stock has decreased by 13.8% since. Sell:: Executive Vice President/CIO Amir Yazdani sold 20,000 shares of RENT stock on 09/24/2009 at the average price of 17.15, the price of the stock has decreased by 10.79% 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 $39.9 million; its shares were traded at around $2.98 with and P/S ratio of 0.4.

Pixelworks, Inc. announced financial results for the third quarter ended September 30, 2009. 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 12.88% since. Buy:: VP, CFO & Treasurer Steven L Moore bought 2,500 shares of PXLW stock on 08/14/2009 at the average price of 2.15 and 5,000 shares of PXLW stock on 11/25/2009 at the average price of 2.65, the price of the stock has increased by 12.45% since. Buy:: EVP, Sales and Marketing Anthony Bozzini bought 32,000 shares of PXLW stock on 11/30/2009 at the average price of 2.69, the price of the stock has increased by 10.78% 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 10.37% 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 24.69% 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 26.81% 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 76.33% since.

West Ban Corp. (WTBA): EVP & CFO Douglas R Gulling Bought 5,000 Shares

EVP & CFO of West Ban Corp. (WTBA) Douglas R Gulling bought 5,000 shares on 11/30/2009 at an average price of $4.6. WEST BANCORP has focused on providing community-oriented personal and commercial banking services. They provide full service to small and medium size businesses, individuals, schools, organizations and local government. West Bank is known for sticking to the basics in banking. They focus on traditional services like loans and deposit accounts for business and individuals. Unlike most banks, West Bank has held the line on service charge increases. West Ban Corp. has a market cap of $85.9 million; its shares were traded at around $4.94 with and P/S ratio of 1. West Ban Corp. had an annual average earning growth of 6.5% over the past 5 years.

West Bancorporation, Inc. reports net income available to common shareholders from continuing operations of $2.4 million or $0.14 per share compared to a net loss available to common shareholders from continuing operations of ($182,000) or ($0.01) per share for the same quarter last year. The results of WB Capital, are a net loss of ($1.1 Million) or ($0.06) per share compared to a net loss of ($178,000) or ($0.01) per share for the same quarter last year. Total net income available to common shareholders was $1.3 million for the third quarter of 2009 compared to a net loss in the same quarter last year of ($360,000). On a per common share basis, third quarter 2009 net income was $0.08 compared to a net loss of ($0.02) for the third quarter of 2008.

Buy:: CEO & PRESIDENT David R Milligan bought 3,000 shares of WTBA stock on 11/03/2009 at the average price of 4.75, the price of the stock has increased by 4% since. Buy:: EVP & CFO Douglas R Gulling bought 5,000 shares of WTBA stock on 11/30/2009 at the average price of 4.6, the price of the stock has increased by 7.39% since. Buy:: Director Kaye R Lozier bought 200 shares of WTBA stock on 12/04/2009 at the average price of 4.85, the price of the stock has increased by 1.86% since. Buy:: EXECUTIVE VICE PRESIDENT Brad L Winterbottom bought 2,000 shares of WTBA stock on 11/30/2009 at the average price of 4.95 and 2,000 shares of WTBA stock on 11/30/2009 at the average price of 4.95, the price of the stock has decreased by 0.2% since. Buy:: CHAIRMAN Jack G Wahlig bought 4,000 shares of WTBA stock on 11/30/2009 at the average price of 4.62, the price of the stock has increased by 6.93% since. Buy:: Director George D Milligan bought 2,000 shares of WTBA stock on 11/06/2009 at the average price of 4.87, the price of the stock has increased by 1.44% since.

DCP Midstream Partners LP (DPM): VP and CFO Angela A Minas Bought 4,000 Shares

VP and CFO of DCP Midstream Partners LP (DPM) Angela A Minas bought 4,000 shares on 11/25/2009 at an average price of $25.38. DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies. Dcp Midstream Partners Lp has a market cap of $708.7 million; its shares were traded at around $25.1 with a P/E ratio of 27.2 and P/S ratio of 0.5. The dividend yield of Dcp Midstream Partners Lp stocks is 9.5%.

DPM is in the portfolios of Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.

color=green]Buy:[/color]: VP and CFO Angela A Minas bought 2,500 shares of DPM stock on 06/12/2009 at the average price of 21.4 and 4,000 shares of DPM stock on 11/25/2009 at the average price of 25.38, the price of the stock has decreased by 1.1% since. Sell:: Director John E Lowe sold 10,000 shares of DPM stock on 08/13/2009 at the average price of 23.05, the price of the stock has increased by 8.89% since.

American Defense Systems Inc. (EAG): CFO Gary Sidorsky Bought 1,500 Shares

CFO of American Defense Systems Inc. (EAG) Gary Sidorsky bought 1,500 shares on 12/01/2009 at an average price of $0.35. AMERICAN DEFENSE SYSTEMS INC offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers.Their engineers also specialize in developing innovative, functional and aesthetically pleasing security applications for the mobile and fixed infrastructure physical security industry. American Defense Systems Inc. has a market cap of $17.7 million; its shares were traded at around $0.39 with and P/S ratio of 0.5.

American Defense Systems, Inc. reported financial results for the third quarter ended September 30, 2009. Revenues from continuing operations in the third quarter of 2009 decreased 5% to $12.6 million from $13.8 million in the same year-ago quarter. Net loss in the third quarter of 2009 totaled $3.6 million or $(0.08) per share, compared to a net loss of $808,000 or $(0.02) per basic and diluted share in the same year-ago period.

Buy:: CFO Gary Sidorsky bought 1,500 shares of EAG stock on 12/01/2009 at the average price of 0.35, the price of the stock has increased by 11.43% since. Buy:: COO Fergal Foley bought 10,000 shares of EAG stock on 09/10/2009 at the average price of 0.45 and 10,000 shares of EAG stock on 09/10/2009 at the average price of 0.45, the price of the stock has decreased by 13.33% since. Sell:: 10% Owner Coast Opportunity Fund Ll West sold 1,512 shares of EAG stock on 08/25/2009 at the average price of 0.46, and 47,800 shares of EAG stock on 08/27/2009 at the average price of 0.46, and 69,400 shares of EAG stock on 09/03/2009 at the average price of 0.47, the price of the stock has decreased by 17.02% since.

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