According to GuruFocus Insider Data, these are the largest CFO buys during the past week.
Wesco International, Inc. is a provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Wesco International Inc. has a market cap of $1.19 billion; its shares were traded at around $28.04 with a P/E ratio of 11.63 and P/S ratio of 0.26. Wesco International Inc. had an annual average earning growth of 40.2% over the past 5 years.
Recently, the company announced quarterly results for the quarter ended on December 31, 2009. Consolidated net sales were $1,132.7 million compared to $1,429.8 million, a decline of 20.8%, including a 0.7% positive impact from foreign exchange rates. Fourth quarter 2009 consolidated net sales were down 1.7% compared to third quarter 2009 levels. Gross profit was $217.0 million, or 19.2% of sales, compared to $284.4 million, or 19.9% of sales. Fourth quarter 2009 gross margin was equal to the third quarter 2009 gross margin. Sales, general & administrative (SG&A) expenses were $168.3 million, or 14.9% of sales, compared to $204.6 million, or 14.3% of sales SG&A expenses were down $36.3 million, or 17.7% over the comparable quarter.Operating profit was $42.6 million, or 3.8% of sales, compared to $73.2 million or 5.1% of sales.
WCC is in the portfolios of Ronald Muhlenkamp of Muhlenkamp Fund, Richard Snow of Snow Capital Management, L.P., John Buckingham of Al Frank Asset Management, Inc., NWQ Managers of NWQ Investment Management Co, Jeremy Grantham of GMO LLC.
Recently, VP, Treasurer & Investor Rel. Daniel A Brailer sold 3,000 shares of WCC stock on 12/28/2009, SENIOR VICE PRESIDENT & COO Oss Stephen A Van sold 22,500 shares of WCC stock on 12/21/2009 and 12/18/2009 each. He sold 5,000 shares of WCC stock on 12/17/2009 as well.
MIPS Technologies, Inc. is a designer and developer of RISC-basedhigh-performance 32- and 64-bit microprocessor intellectual property forembedded systems applications. MIPS Technologies Inc. has a market cap of $168.08 million; its shares were traded at around $3.7 with a P/E ratio of 14.8 and P/S ratio of 2.39.
On January 28, 2010, MIPS Technologies, Inc. announced that it is on track to meet or exceed analyst earnings expectations of $0.30-$0.31 for fiscal 2010. The Company also announced that for third quarter 2010 it expects revenue to be in the range of $16.8-$18.3 million compared to the $15.2 million recorded in second quarter of 2010, which would represent a sequential growth of 11%- 20% and earnings per share (EPS) to be in the range of $0.05-$0.07 a share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $17.15 million and EPS of 0.09 for third quarter 2010.
Recently, VP of WW Sales Brad Holtzinger sold 1,176 shares of MIPS stock on 11/03/2009 at the average price of 3.97.
FieldPoint Petroleum Corporation is engaged in oil and gas exploration,production and acquisition, primarily in New Mexico,Oklahoma,Texas and Wyoming. Fieldpoint Petroleum Corp. has a market cap of $18.12 million; its shares were traded at around $2.15 with and P/S ratio of 2.75. Fieldpoint Petroleum Corp. had an annual average earning growth of 22.3% over the past 5 years.
On January 04, 2010, FieldPoint Petroleum Corporation (FPP) announced today that it has acquired a lease of approximately 440-800 gross acres in Renville County North Dakota. This property borders on the well established Bakken shale oil play which encompasses multiple counties including Mountrail, Burke, Divide and Dunn. FieldPoint has paid an average of $155.00 per acre for these oil and gas leases with an average 16-20% royalty.
Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon Communications Inc. has a market cap of $81.64 billion; its shares were traded at around $28.74 with a P/E ratio of 11.97 and P/S ratio of 0.76. The dividend yield of Verizon Communications Inc. stocks is 6.61%. Verizon Communications Inc. had an annual average earning growth of 2.4% over the past 10 years.
On January 26, 2010, Verizon reported 4Q09 results ended on December 31, 2009. The company’s continued cash flow growth in 4Q 2009: $31.6 billion in cash flow from operations in 2009, up $4.0 billion, or 14.5 percent, from 2008. A loss of 23 cents per share and adjusted earnings (non-GAAP) of 54 cents per share, compared with 4Q 2008 EPS of 43 cents and 61 cents, respectively.
VZ is in the portfolios of Mark Hillman of Hillman Capital Management, George Soros of Soros Fund Management LLC, Charles Brandes of Brandes Investment, NWQ Managers of NWQ Investment Management Co, Brian Rogers of T Rowe Price Equity Income Fund, John Buckingham of Al Frank Asset Management, Inc.
Recently, EVP and Pres. & CEO - VZW JV Lowell C Mcadam bought 15,000 shares of VZ stock on 01/28/2010 and 17,000 shares on 11/06/2009.
Yadkin Valley Bank and Trust Company is a North Carolina state chartered bank, headquartered in Elkin, North Carolina. Yadkin Valley Financial Corp. has a market cap of $56.62 million; its shares were traded at around $3.51 with and P/S ratio of 0.47. Yadkin Valley Financial Corp. had an annual average earning growth of 18.4% over the past 5 years.
On January 28, 2010, the company released quarterly results ended on December 31, 2009. Net interest margin was 3.83%, an increase of one basis point compared to 3.82% in the third quarter. Net income available to common shareholders was $3.2 million (after preferred dividends), or $0.20 per diluted share
President & CEO William A Long bought 5,000 shares of YAVY stock on 11/05/2009. Director Harry C Spell also bought company’s shares.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
WESCO International Inc. (WCC, Financial): CFO Richard Heyse Bought 10,750 Shares
CFO of WESCO International Inc. (WCC) Richard Heyse bought 10,750 shares on 02/03/2010 at an average price of $28.96.Wesco International, Inc. is a provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Wesco International Inc. has a market cap of $1.19 billion; its shares were traded at around $28.04 with a P/E ratio of 11.63 and P/S ratio of 0.26. Wesco International Inc. had an annual average earning growth of 40.2% over the past 5 years.
Recently, the company announced quarterly results for the quarter ended on December 31, 2009. Consolidated net sales were $1,132.7 million compared to $1,429.8 million, a decline of 20.8%, including a 0.7% positive impact from foreign exchange rates. Fourth quarter 2009 consolidated net sales were down 1.7% compared to third quarter 2009 levels. Gross profit was $217.0 million, or 19.2% of sales, compared to $284.4 million, or 19.9% of sales. Fourth quarter 2009 gross margin was equal to the third quarter 2009 gross margin. Sales, general & administrative (SG&A) expenses were $168.3 million, or 14.9% of sales, compared to $204.6 million, or 14.3% of sales SG&A expenses were down $36.3 million, or 17.7% over the comparable quarter.Operating profit was $42.6 million, or 3.8% of sales, compared to $73.2 million or 5.1% of sales.
WCC is in the portfolios of Ronald Muhlenkamp of Muhlenkamp Fund, Richard Snow of Snow Capital Management, L.P., John Buckingham of Al Frank Asset Management, Inc., NWQ Managers of NWQ Investment Management Co, Jeremy Grantham of GMO LLC.
Recently, VP, Treasurer & Investor Rel. Daniel A Brailer sold 3,000 shares of WCC stock on 12/28/2009, SENIOR VICE PRESIDENT & COO Oss Stephen A Van sold 22,500 shares of WCC stock on 12/21/2009 and 12/18/2009 each. He sold 5,000 shares of WCC stock on 12/17/2009 as well.
MIPS Technologies Inc. (MIPS, Financial): CFO Maury Austin Bought 10,000 Shares
CFO of MIPS Technologies Inc. (MIPS) Maury Austin bought 10,000 shares on 02/02/2010 at an average price of $3.84.MIPS Technologies, Inc. is a designer and developer of RISC-basedhigh-performance 32- and 64-bit microprocessor intellectual property forembedded systems applications. MIPS Technologies Inc. has a market cap of $168.08 million; its shares were traded at around $3.7 with a P/E ratio of 14.8 and P/S ratio of 2.39.
On January 28, 2010, MIPS Technologies, Inc. announced that it is on track to meet or exceed analyst earnings expectations of $0.30-$0.31 for fiscal 2010. The Company also announced that for third quarter 2010 it expects revenue to be in the range of $16.8-$18.3 million compared to the $15.2 million recorded in second quarter of 2010, which would represent a sequential growth of 11%- 20% and earnings per share (EPS) to be in the range of $0.05-$0.07 a share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $17.15 million and EPS of 0.09 for third quarter 2010.
Recently, VP of WW Sales Brad Holtzinger sold 1,176 shares of MIPS stock on 11/03/2009 at the average price of 3.97.
FieldPoint Petroleum Corp. (FPP, Financial): Pres., CEO, CFO, 10% Owner Ray D Reaves Bought 20,000 Shares
Pres., CEO, CFO, 10% Owner of FieldPoint Petroleum Corp. (FPP) Ray D Reaves bought 20,000 shares during the past week at an average price of $2.27.FieldPoint Petroleum Corporation is engaged in oil and gas exploration,production and acquisition, primarily in New Mexico,Oklahoma,Texas and Wyoming. Fieldpoint Petroleum Corp. has a market cap of $18.12 million; its shares were traded at around $2.15 with and P/S ratio of 2.75. Fieldpoint Petroleum Corp. had an annual average earning growth of 22.3% over the past 5 years.
On January 04, 2010, FieldPoint Petroleum Corporation (FPP) announced today that it has acquired a lease of approximately 440-800 gross acres in Renville County North Dakota. This property borders on the well established Bakken shale oil play which encompasses multiple counties including Mountrail, Burke, Divide and Dunn. FieldPoint has paid an average of $155.00 per acre for these oil and gas leases with an average 16-20% royalty.
Verizon Communications Inc. (VZ, Financial): EVP and CFO John F Killian Bought 7,500 Shares
EVP and CFO of Verizon Communications Inc. (VZ) John F Killian bought 7,500 shares on 02/04/2010 at an average price of $28.94.Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon Communications Inc. has a market cap of $81.64 billion; its shares were traded at around $28.74 with a P/E ratio of 11.97 and P/S ratio of 0.76. The dividend yield of Verizon Communications Inc. stocks is 6.61%. Verizon Communications Inc. had an annual average earning growth of 2.4% over the past 10 years.
On January 26, 2010, Verizon reported 4Q09 results ended on December 31, 2009. The company’s continued cash flow growth in 4Q 2009: $31.6 billion in cash flow from operations in 2009, up $4.0 billion, or 14.5 percent, from 2008. A loss of 23 cents per share and adjusted earnings (non-GAAP) of 54 cents per share, compared with 4Q 2008 EPS of 43 cents and 61 cents, respectively.
VZ is in the portfolios of Mark Hillman of Hillman Capital Management, George Soros of Soros Fund Management LLC, Charles Brandes of Brandes Investment, NWQ Managers of NWQ Investment Management Co, Brian Rogers of T Rowe Price Equity Income Fund, John Buckingham of Al Frank Asset Management, Inc.
Recently, EVP and Pres. & CEO - VZW JV Lowell C Mcadam bought 15,000 shares of VZ stock on 01/28/2010 and 17,000 shares on 11/06/2009.
Yadkin Valley Financial Corp. (YAVY, Financial): EVP & CFO Jan H Hollar Bought 5,000 Shares
EVP & CFO of Yadkin Valley Financial Corp. (YAVY) Jan H Hollar bought 5,000 shares on 02/05/2010 at an average price of $3.63.Yadkin Valley Bank and Trust Company is a North Carolina state chartered bank, headquartered in Elkin, North Carolina. Yadkin Valley Financial Corp. has a market cap of $56.62 million; its shares were traded at around $3.51 with and P/S ratio of 0.47. Yadkin Valley Financial Corp. had an annual average earning growth of 18.4% over the past 5 years.
On January 28, 2010, the company released quarterly results ended on December 31, 2009. Net interest margin was 3.83%, an increase of one basis point compared to 3.82% in the third quarter. Net income available to common shareholders was $3.2 million (after preferred dividends), or $0.20 per diluted share
President & CEO William A Long bought 5,000 shares of YAVY stock on 11/05/2009. Director Harry C Spell also bought company’s shares.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
