Weekly CFO Buys Highlight

Insiders pile on shares of Dynex Capital, MannKind and Martin Midstream Partners

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Feb 05, 2019
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According to GuruFocus Insider Data, the recent chief financial officer buys were Dynex Capital Inc. (DX, Financial), MannKind Corp. (MNKD, Financial) and Martin Midstream Partners LP (MMLP, Financial).

Dynex Capital CFO bought 10,000 shares

Executive Vice President, CFO and Chief Operating Officer Stephen J. Benedetti bought 10,000 shares for $5.9 per share on Jan. 31. Since then, the share price has increased by 4.92%. Dynex Capital has a market cap of $388.840 million and its shares were traded around $6.19. The company has a price-earnings ratio of 3.57 and a price-sales ratio of 2.77. The trailing 12-month dividend yield is 9.68%, while the forward dividend yield is 11.78%.

Dynex Capital announced its third-quarter results with revenue and gross profit of $29.55 million, while the net income was $25.59 million. The 2017 total revenue and gross profit was $49.63 million, a 14% decrease from 2016. The net income was $33.89 million. Fourth-quarter results are scheduled to be posted on Feb. 7.Â

CEO, President and Co-Chief Investment Officer Byron L. Boston bought 17,000 shares for $5.9 per share on Jan. 31. In addition, Director Valerie Mosley bought 3,390 shares and Executive Vice President and Co-CIO Smriti Laxman Popenoe bought 2,542 shares. Since then, the stock price has increased by 4.92%.

MannKind CFO bought 1,860 shares

CFO Steven B. Binder bought 1,860 shares for $1.07 per share on Jan. 31. Since then, the stock price has climbed 18.69%. MannKind has a market cap of $202.670 million and its shares were traded around $1.27. The company has a price-sales ratio of 10.16.

MannKind announced its third-quarter results with revenue of $4.47 million and gross loss of $8.34 million, while the net loss was $24.17 million. The 2017 total revenue was $11.15 million, a 94% decrease from 2016. The gross loss was $6.08 million, a 105% decrease from the year prior. The net loss was $117.33 million. The company is scheduled to report fourth-quarter results on Feb. 26.Â

CEO Michael Castagna bought 5,000 shares for $1.07 per share on Jan. 31. In addition, Corporate Vice President and Chief People Officer Stuart A. Tross bought 5,000 and Chief Commercial Officer Patrick Mccauley bought 5,000 shares. Since then, the stock price has increased by 18.69%.

Martin Midstream Partners CFO bought 523 shares

Executive Vice Presiden and CFO Robert D. Bondurant bought 523 shares for $1.07 per share on Jan. 25. Since then, the stock price has climbed 18.69%. Martin Midstream has a market cap of $551.980 million and its shares were traded around $14.14. The company has a price-earnings ratio of 8.73 and a price-sales ratio of 0.53. The trailing 12-month dividend yield is 14.15%, while the forward dividend yield is 14.38%. Over the past five years, the company had an annual average earnings growth of 1.30%.

Martin Midstream Partners announced its third-quarter results with revenue of $219.05 million and gross income of $31.91 million, while the net income was $38.66 million. The 2017 total revenue was $946.12 million, 14% increase from 2016. The gross profit was $185.66 million, a 6% decrease from the year prior. The net income was $16.79 million. The company will announce fourth-quarter earnings on Feb. 13.Â

Disclosure: None.Â