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Weekly CFO Buys Highlight: Enterprise Financial Services Corp., Schulman Inc., Southcoast Financial Corp., Communications Systems Inc., and Martin Midstream Partners L.P. Ltd. Part.

January 17, 2010 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, the largest CFO buys during the past week were made by Enterprise Financial Services Corp. (EFSC), Schulman Inc. (SHLM), Southcoast Financial Corp. (SOCB), Communications Systems Inc (JCS), and Martin Midstream Partners L.P. Ltd. Part (MMLP).

EVP & CFO of Enterprise Financial Services Corp. (EFSC) Frank H Sanfilippo bought 12,360 shares on 01/12/2010 at an average price of $8.09. Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. Enterprise Financial Services Corp. has a market cap of $118.5 million; its shares were traded at around $9.23 with and P/S ratio of 0.8. The dividend yield of Enterprise Financial Services Corp. stocks is 2.3%.

Enterprise Financial Services Corp reported net income of $4.7 million for the quarter ended September 30, 2009 compared to $1.2 million for the prior year period. The company reported net income of $0.31 per fully diluted share for the third quarter of 2009 compared to $0.09 per fully diluted share for the third quarter of 2008.

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

Buy:: President & CEO Peter Benoist bought 19,060 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.09% since. Buy:: Director Birch M Mullins bought 19,060 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.09% since. Buy:: Director Robert E Jr Guest bought 18,541 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.09% since. Buy:: Director Trease Sandra Van bought 18,542 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.09% since. Buy:: Director William H Downey bought 12,360 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.09% since. Buy:: Director James Murphy bought 30,902 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.09% since.

Schulman Inc. (SHLM): VP-Finance and CFO Paul F Desantis Bought 900 Shares

VP-Finance and CFO of A. Schulman Inc. (SHLM) Paul F Desantis bought 900 shares on 01/13/2010 at an average price of $22.6. Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. A. Schulman Inc. has a market cap of $602.1 million; its shares were traded at around $23.07 with a P/E ratio of 24.2 and P/S ratio of 0.4. The dividend yield of A. Schulman Inc. stocks is 2.6%. A. Schulman Inc. had an annual average earning growth of 2.5% over the past 5 years.

Schulman, Inc. announced strong earnings for the fiscal 2010 first quarter ended November 30, 2009, compared with the first quarter of fiscal 2009. Reported net income for the first quarter was $17.0 million or $0.65 per diluted share, compared with net income of $8.2 million or $0.31 per diluted share for the comparable period last year. The translation effect of foreign currencies increased net income by $0.8 million in the quarter.

SHLM is in the portfolios of Arnold Schneider of Schneider Capital Management, Chuck Royce of ROYCE & ASSOCIATES, Bruce Kovner of Caxton Associates.

Buy:: CEO Joseph M Gingo bought 10,000 shares of SHLM stock on 01/12/2010 at the average price of 22.13, 10,000 shares of SHLM stock on 01/12/2010 at the average price of 22.13, the price of the stock has increased by 4.25% since. Buy:: Director Stanley W Silverman bought 2,265 shares of SHLM stock on 01/12/2010 at the average price of 22.05, the price of the stock has increased by 4.63% since.

Southcoast Financial Corp. (SOCB): CFO William C Heslop Bought 513 Shares

CFO of Southcoast Financial Corp. (SOCB) William C Heslop bought 513 shares on 01/11/2010 at an average price of $2.92. Southcoast Financial Corporation is a South Carolina corporation organized for the purpose of being a holding company for Southcoast Community Bank. The bank offers a full array of commercial bank services. Southcoast Financial Corp. has a market cap of $14.8 million; its shares were traded at around $3.25 with a P/E ratio of 19.1 and P/S ratio of 0.4. Southcoast Financial Corp. had an annual average earning growth of 6.1% over the past 5 years.

Southcoast Financial Corp. reported that its net income for the three months ended June 30, 2009 was $421,599 or $.09 per basic share, compared to $770,101 or $.17 per basic share, for the three months ended June 30, 2008. The average number of shares outstanding for the quarter ending June 30, 2009 was 4,529,153 compared to 4,665,247 for the quarter ending June 30, 2008.

Buy:: CEO Lewis Wayne Pearson bought 1,610 shares of SOCB stock on 10/09/2009 at the average price of 4.18 and 1,976 shares of SOCB stock on 01/11/2010 at the average price of 2.92, the price of the stock has increased by 11.3% since. Buy:: CEO Lewis Wayne Pearson bought the price of the stock has decreased by 22.25% since. Buy:: COO William Benjamin Seabrook bought 418 shares of SOCB stock on 10/09/2009 at the average price of 4.18 and 515 shares of SOCB stock on 01/11/2010 at the average price of 2.92, the price of the stock has increased by 11.3% since. Buy:: Executive Vice President Robert A Daniel Jr bought 335 shares of SOCB stock on 10/09/2009 at the average price of 4.18 and 411 shares of SOCB stock on 01/11/2010 at the average price of 2.92, the price of the stock has increased by 11.3% since. Buy:: Executive Vice President William C Bochette Iii bought 294 shares of SOCB stock on 08/31/2009 at the average price of 5, the price of the stock has decreased by 35% since.

Communications Systems Inc (JCS): CFO & VP David T Mcgraw Bought 486 Shares

CFO & VP of Communications Systems Inc (JCS) David T Mcgraw bought 486 shares on 01/15/2010 at an average price of $11.81. Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the ``Suttle`` brand name in the United States and internationally. Communications Systems Inc has a market cap of $101.8 million; its shares were traded at around $12.19 with a P/E ratio of 16.3 and P/S ratio of 0.9. The dividend yield of Communications Systems Inc stocks is 4.7%. Communications Systems Inc had an annual average earning growth of 14.4% over the past 5 years.

Communications Systems, Inc. reported financial results for its third quarter and nine months ended September 30, 2009. For the three months ended September 30, 2009, net income was $1,861,000 or $.22 per diluted share compared to $2,794,000 or $.32 per diluted share for the comparable period in 2008. Revenue was $28,107,000 compared to $32,683,000 for the same period in 2008.

JCS is in the portfolios of John Buckingham of Al Frank Asset Management, Inc., Chuck Royce of ROYCE & ASSOCIATES.

Buy:: CEO & President Jeffrey K Berg bought 550 shares of JCS stock on 01/15/2010 at the average price of 11.81, the price of the stock has increased by 3.22% since. Buy:: Chairman, 10% Owner Curtis A Sampson bought 500 shares of JCS stock on 11/20/2009 at the average price of 11.25, 500 shares of JCS stock on 11/25/2009 at the average price of 11.25, and 500 shares of JCS stock on 11/27/2009 at the average price of 11.71, the price of the stock has increased by 4.1% since. Buy:: Director Luella G Goldberg bought 2,400 shares of JCS stock on 11/18/2009 at the average price of 11.44, the price of the stock has increased by 6.56% since. Buy:: Pres-Suttle Division Bruce C Blackwood bought 262 shares of JCS stock on 07/23/2009 at the average price of 9.31, the price of the stock has increased by 30.93% since.

Martin Midstream Partners L.P. Ltd. Part (MMLP): Executive VP and CFO Robert D Bondurant Bought 128 Shares

Executive VP and CFO of Martin Midstream Partners L.P. Ltd. Part (MMLP) Robert D Bondurant bought 128 shares on 01/08/2010 at an average price of $31.48. Martin Midstream is a limited partnership which stores and transports hydrocarbon products and specialty chemicals, primarily in the Gulf Coast. Martin Midstream Partners L.p. Ltd. Part has a market cap of $457.2 million; its shares were traded at around $33.4 with a P/E ratio of 17.5 and P/S ratio of 0.4. The dividend yield of Martin Midstream Partners L.p. Ltd. Part stocks is 9%.

MMLP reported net income for the third quarter of 2009 of $4.5 million, or $0.26 per limited partner unit. This compared to net income for the third quarter of 2008 of $13.8 million, or $0.88 per limited partner unit. Revenues for the third quarter of 2009 were $151.4 million compared to $364.4 million for the third quarter of 2008. Revenues were significantly impacted by decreased commodity prices during the period compared to the same period in 2008. Third quarter 2009 net income was positively impacted by $0.5 million, or $0.04 per limited partner unit, in non-cash derivatives net gains from certain commodity and interest rate hedges that did not qualify for hedge accounting.

Buy:: President and CEO, 10% Owner Ruben S Martin bought 333 shares of MMLP stock on 01/08/2010 at the average price of 31.48, the price of the stock has increased by 6.1% since. Buy:: EVP, CAO and Controller Wesley M Skelton bought 63 shares of MMLP stock on 01/08/2010 at the average price of 31.48, the price of the stock has increased by 6.1% since. Buy:: Executive V.P. Randall Tauscher bought 714,285 shares of MMLP stock on 11/25/2009 at the average price of 28 and 146 shares of MMLP stock on 01/08/2010 at the average price of 31.48, the price of the stock has increased by 6.1% since. Buy:: Executive VP, 10% Owner Scott Donnelly Martin bought 81 shares of MMLP stock on 01/08/2010 at the average price of 31.48, the price of the stock has increased by 6.1% 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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