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Weekly CFO Buys Highlight: New Generation Biofuels Holdings, Cowen Group, Ocean Shore Holding, Citizens First Corp., Nexxus Lighting, Kent Financial Services, Vector Group

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According to GuruFocus Insider Data, the largest CFO buys during the past week were from New Generation Biofuels Holdings Inc. (NGBF). Cowen Group Inc. (COWN), Ocean Shore Holding Co. New (OSHCD), Citizens First Corp (CZFC), Nexxus Lighting Inc. (NEXS), Kent Financial Services Inc. (KENT), and Vector Group Ltd. (VGR).

New Generation Biofuels Holdings Inc. (NGBF): CEO, CFO and President Cary J Claiborne Bought 20,000 Shares

CEO, CFO and President of New Generation Biofuels Holdings Inc. (NGBF) Cary J Claiborne bought 20,000 shares on 12/21/2009 at an average price of $0.7. NEW GENERATION BIOFUELS is a development stage renewable fuels provider. They hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that they intend to market as a new class of biofuel for power generation, heavy equipment, marine use and as heating fuel. They believe their proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels. Their business model calls for establishing direct sales from manufacturing plants that they may purchase or build and sublicensing their technology to qualified licensees. New Generation Biofuels Holdings Inc. has a market cap of $22.5 million; its shares were traded at around $0.71 with and P/S ratio of 974.

New Generation Biofuels Holdings, Inc. announced its financial results for the third quarter ended September 30, 2009. New Generation Biofuels reported revenues of $34,412 for the most recent quarter, consisting of additional shipments of fuel under customer contracts. The Company recognized a net loss of $2.3 million for the three months ended September 30, 2009, substantially unchanged from the $2.4 million net loss for the three months ended September 30, 2008. For the first nine months of 2009, the Company had net revenues of $77,048, and a net loss of $9.7 million. The Company was still in the development stage during 2008, and during the first nine months of 2008 had a net loss of $7.4 million.

Buy:: Director James Robert Jr. Sheppard bought 10,000 shares of NGBF stock on 12/17/2009 at the average price of 0.7, the price of the stock has increased by 1.43% since.

Cowen Group Inc. (COWN): CFO Stephen Lasota Bought 20,000 Shares

CFO of Cowen Group Inc. (COWN) Stephen Lasota bought 20,000 shares on 12/18/2009 at an average price of $5. COWEN GROUP, INC., through its operating subsidiaries, provides investment banking, equity research, sales and trading, asset management and alternative asset management services to companies and institutional investor clients in the healthcare, technology, telecommunications, aerospace and defense, consumer and alternative energy sectors. Cowen's asset management business includes teams based in the U.S. and the U.K. Cowen's U.S. team focuses on a growth-oriented investment style centered on small and mid-sized companies based primarily in North America. Cowen's U.K. team provides traditional asset management products, focusing on a global equity strategy. Cowen's alternative asset management business consists of Cowen Healthcare Royalty Partners, which invests principally in commercial-stage biopharmaceutical products and companies, and Cowen Capital Partners, which manages a portfolio of middle market private equity investments for third party investors. Cowen Group Inc. has a market cap of $87.2 million; its shares were traded at around $5.8 with and P/S ratio of 0.4.

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

Buy:: CEO of Cowen and Company, LLC David M. Malcolm bought 25,000 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since. Buy:: Director Jack H Nusbaum bought 30,000 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since. Buy:: Director Jerome S Markowitz bought 25,000 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since. Buy:: COO Christopher A White bought 7,500 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since. Buy:: Director Joseph R Jr Wright bought 50,000 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since. Buy:: Director Jules B Kroll bought 70,000 shares of COWN stock on 12/18/2009 at the average price of 5, the price of the stock has increased by 16% since.

Ocean Shore Holding Co. New (OSHCD): Sr. Vice Pres. & CFO Donald F Morgenweck Bought 5,000 Shares

Sr. Vice Pres. & CFO of Ocean Shore Holding Co. New (OSHCD) Donald F Morgenweck bought 5,000 shares on 12/18/2009 at an average price of $8.

Buy:: Director Sylva A Bertini bought 1,000 shares of OSHCD stock on 12/18/2009 at the average price of 8, the price of the stock has increased by 11.88% since. Buy:: Pres. & Chief Exec. Officer Steven E Brady bought 10,500 shares of OSHCD stock on 12/18/2009 at the average price of 8, the price of the stock has increased by 11.88% since. Buy:: Sr. Vice Pres. of Loan Admin. Janet M Bossi bought 2,500 shares of OSHCD stock on 12/18/2009 at the average price of 8, the price of the stock has increased by 11.88% since. Buy:: Executive Vice President Kim M Davidson bought 6,000 shares of OSHCD stock on 12/18/2009 at the average price of 8, the price of the stock has increased by 11.88% since. Buy:: Director Christopher J Ford bought 5,000 shares of OSHCD stock on 12/18/2009 at the average price of 8, the price of the stock has increased by 11.88% since.

Citizens First Corp (CZFC): CFO Steve Marcum Bought 1,000 Shares

CFO of Citizens First Corp (CZFC) Steve Marcum bought 1,000 shares on 12/17/2009 at an average price of $5.2. CITIZENS FIRST CORPORATION operates as a holding company for Citizens First, Inc., which provides various banking and financial services primarily to individual and corporate customers in Barren, Hart, Simpson, and Warren counties, Kentucky. The company's deposit portfolio primarily includes checking accounts, regular savings accounts, NOW accounts, money market accounts, sweep accounts, fixed and variable-rate IRA accounts, certificate of deposit accounts, and safety deposit boxes. It makes commercial loans principally to small and medium-sized businesses; originates and maintains commercial real estate loans; and offers residential mortgage loans to borrowers for purchasing and refinancing one to four family properties. Citizens First Corp has a market cap of $10.3 million; its shares were traded at around $5.25 with and P/S ratio of 0.4.

Citizens First Corporation reported third quarter financial results. For the quarter ended September 30, 2009, the Company reported net income before dividends to preferred shareholders of $327,000. Net income available to common shareholders was $71,000 or, $0.03 per basic and diluted common share for the quarter ending September 30, 2009. Provision for loan losses for the quarter ended September 30, 2009 decreased $275,000, or 47.8% for the third quarter of 2009 compared to the previous year. Provision for loan losses for the nine month period ended September 30, 2009 increased $2.6 million, or 310.8%, compared to the previous year.

Buy:: President and CEO M Todd Kanipe bought 546 shares of CZFC stock on 12/17/2009 at the average price of 5.2, the price of the stock has increased by 0.96% since. Buy:: Director R Kevin Vance bought 1,000 shares of CZFC stock on 12/22/2009 at the average price of 5, the price of the stock has increased by 5% since. Buy:: Director Barry D Bray bought 500 shares of CZFC stock on 12/17/2009 at the average price of 5.4 and 500 shares of CZFC stock on 12/22/2009 at the average price of 5, the price of the stock has increased by 5% since. Buy:: Executive Officer Kim M Thomas bought 400 shares of CZFC stock on 12/17/2009 at the average price of 5.9, the price of the stock has decreased by 11.02% since. Buy:: Director Jack Sheidler bought 2,500 shares of CZFC stock on 12/15/2009 at the average price of 6.15, the price of the stock has decreased by 14.63% since.

Nexxus Lighting Inc. (NEXS): CFO Gary Richard Langford Bought 1,000 Shares

CFO of Nexxus Lighting Inc. (NEXS) Gary Richard Langford bought 1,000 shares on 12/21/2009 at an average price of $3. Super Vision International, Inc. designs, manufactures, markets and sells LED and fiber optic lighting products to be used in applications in the commercial, architectural, signage, swimming pool and OEM markets. The Company derives its revenues primarily from sales of SIDE-GLOW and END-GLOW fiber optic lighting cables, and fiber optic lighting sources, accessories, endpoint signs and displays and LED lighting products and systems. The Company also designs, manufactures, markets and sells fiber optically lit waterfalls and water features. Nexxus Lighting Inc. has a market cap of $29.8 million; its shares were traded at around $3.41 with and P/S ratio of 2.1.

Nexxus Lighting reported results for its third quarter ending September 30. Total revenue for the three months ended September 30, was approximately $2,894,000 as compared to approximately $3,884,000 for the three months ended September 30, 2008, a decrease of approximately $990,000.

Kent Financial Services Inc. (KENT): CFO, 10% Owner Bryan P Healey Bought 916 Shares

CFO, 10% Owner of Kent Financial Services Inc. (KENT) Bryan P Healey bought 916 shares on 12/21/2009 at an average price of $1.32. KENT FINANCIAL SERVICES, INC., through its subsidiaries, is a broker/dealer in marketable securities. Kent Financial Services Inc. has a market cap of $4.2 million; its shares were traded at around $1.51 with and P/S ratio of 5.9.

Kent Financial Services Inc. reported a net loss for the three months ended September 30, 2007 of $165,000 or $.06 per share, compared to a net loss of $126,000, or $.04 per share, for the comparable period in 2006. For the nine months ended September 30, 2007 the net loss was $365,000, or $.13 per share, compared to a net loss of $448,000, or $.16 per share, for the comparable period in the prior year.

Buy:: Chairman, 10% Owner Paul O Koether bought 2,625 shares of KENT stock on 07/06/2009 at the average price of 1.41, the price of the stock has increased by 7.09% since. Buy:: Chairman, 10% Owner Paul O Koether bought 2,625 shares of KENT stock on 07/06/2009 at the average price of 1.41, the price of the stock has increased by 7.09% since.

Vector Group Ltd. (VGR): VP, Treasurer & CFO J Bryant Kirkland Iii Bought 870 Shares

VP, Treasurer & CFO of Vector Group Ltd. (VGR) J Bryant Kirkland Iii bought 870 shares on 12/18/2009 at an average price of $13.57. BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. Vector Group Ltd. has a market cap of $991.9 million; its shares were traded at around $13.92 with a P/E ratio of 19.7 and P/S ratio of 1.8. The dividend yield of Vector Group Ltd. stocks is 11.6%.

VGR is in the portfolios of David Dreman of Dreman Value Management.

Buy:: EVP Richard Lampen bought 1,000 shares of VGR stock on 12/18/2009 at the average price of 13.6, the price of the stock has increased by 2.35% since. Buy:: 10% Owner Phillip Md Et Al Frost bought 7,800 shares of VGR stock on 12/18/2009 at the average price of 13.75, the price of the stock has increased by 1.24% since. Sell:: Vice President/General Counsel Marc N Bell sold 55,250 shares of VGR stock on 11/03/2009 at the average price of 14.54, the price of the stock has decreased by 4.26% since.

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

  • 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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