Weekly CFO Buys Highlight: ZixIt, Global Defense Technology and Systems, FelCor Lodging Trust, Heska, Interline Brands, Sunstone Hotel Investors, First Commonwealth Financial

Weekly CFO Buys Highlight: ZIXI, GTEC, FCH, HSKA, IBI, SHO, FCF

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Mar 08, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were ZixIt Corp. (ZIXI, Financial), Global Defense Technology and Systems, I (GTEC, Financial), FelCor Lodging Trust Inc. (FCH, Financial), Heska Corp. (HSKA, Financial), Interline Brands Inc. (IBI, Financial), Sunstone Hotel Investors Inc. (SHO, Financial), and First Commonwealth Financial Corp. (FCF, Financial).

CFO of ZixIt Corp. (ZIXI) Susan K Conner bought 25,000 shares on 02/25/2010 at an average price of $1.93. Zix Corporation is the provider of hosted email encryption and e-prescribing services. Zixit Corp. has a market cap of $139.3 million; its shares were traded at around $2.19 with and P/S ratio of 4.5.

Zix Corporation offered a financial update on the fourth quarter 2009 and provided guidance for 2010. Current estimates indicate the Company has achieved a record for new first-year orders in its Email Encryption business with $2.4 million for the fourth quarter of 2009, 61 percent higher than the fourth quarter of 2008. ZixCorp also affirmed its fourth quarter 2009 guidance for revenue of $7.9 to $8.1 million and adjusted non-GAAP earnings of $0.01 to $0.02 per share.

ZIXI is in the portfolios of Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.

Chairman/CEO Richard Spurr, VP, General Counsel James F Brashear, and CFO Susan K Conner bought shares of ZIXI stock.

Director Charles Newman Kahn Iii sold shares of ZIXI stock.

Global Defense Technology and Systems (GTEC): EVP, CFO & TREASURER James P Allen Bought 18,437 Shares

EVP, CFO & TREASURER of Global Defense Technology and Systems, I (GTEC) James P Allen bought 18,437 shares on 03/02/2010 at an average price of $12.46. Global Defense Technology & Systems, Inc. operates as a provider of mission-critical technology-based systems, solutions, and services for national security agencies and programs of the U. Global Defense Technology And Systems, I has a market cap of $118.2 million; its shares were traded at around $13.08 with and P/S ratio of 0.6.

Global Defense Technology & Systems, Inc. announced fourth quarter 2009 financial results. Revenue for the fourth quarter ended December 31, 2009 was $55.8 million, which represents 20.7% growth (all organic) over 2008. TIS and FMMS segment revenue was $25.5 million and $30.3 million, respectively, for the fourth quarter.

PRESIDENT & CEO John F Hillen Iii, EVP, CFO & TREASURER James P Allen, and Director John Devine bought shares of GTEC stock.

FelCor Lodging Trust Inc. (FCH): Executive VP & CFO Andrew J Welch Bought 14,089 Shares

Executive VP & CFO of FelCor Lodging Trust Inc. (FCH) Andrew J Welch bought 14,089 shares on 03/03/2010 at an average price of $3.96. FelCor Lodging Trust Inc. is a real estate investment trust. Felcor Lodging Trust Inc. has a market cap of $291.1 million; its shares were traded at around $4.5 with a P/E ratio of 4.7 and P/S ratio of 0.3.

FelCor Lodging Trust Incorporated reported operating results for the fourth quarter and year ended December 31, 2009. Net loss for the fourth quarter was $51.2 million. Revenue per available room ("RevPAR") for our 83 consolidated hotels was $75.01, a 10.9 percent decline compared to the same period in 2008, which is better than the 11.7 percent decline for the industry (according to Smith Travel Research).

CH is in the portfolios of Ken Heebner of CAPITAL GROWTH MANAGEMENT LP, John Paulson of Paulson & Co., Jim Simons of Renaissance Technologies LLC.

President and CEO Richard Allen Smith, Executive VP & CFO Andrew J Welch, Executive Vice President Troy A Pentecost, and SVP, Chief Accounting Officer Lester C Johnson bought shares of FCH stock.

Heska Corp. (HSKA): Exec. VP, CFO & Secretary Jason A Napolitano Bought 11,750 Shares

Exec. VP, CFO & Secretary of Heska Corp. (HSKA) Jason A Napolitano bought 11,750 shares during the past week at an average price of $0.69. Heska Corporation is focused on the discovery, development and marketing ofcompanion animal health products. Heska Corp. has a market cap of $50.6 million; its shares were traded at around $0.9699 with a P/E ratio of 32.3 and P/S ratio of 0.5.

Heska Corporation reported financial results for its fourth quarter and the year ended December 31, 2009. “In the fourth quarter of 2009, we produced revenue growth in both of our operating segments, increased our gross margin and decreased our operating expenses compared to the fourth quarter of 2008. For full year 2009, our team generated over $4 million in operating income – the second best result in company history, despite a challenging economic environment,” said Robert Grieve, Heska’s Chairman and CEO.

HSKA is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CEO Robert B Grieve, Exec. VP, CFO & Secretary Jason A Napolitano, Director John F Sasen, and Director William A Aylesworth bought shares of HSKA stock.

Interline Brands Inc. (IBI): CFO John A Ebner Bought 10,000 Shares

CFO of Interline Brands Inc. (IBI) John A Ebner bought 10,000 shares on 02/25/2010 at an average price of $17.78. Interline Brands, Inc. is a direct marketing and specialty distribution company with headquarters in Jacksonville, Florida. Interline Brands Inc. has a market cap of $616.7 million; its shares were traded at around $19 with a P/E ratio of 20 and P/S ratio of 0.6.

Interline Brands, Inc. reported sales and earnings for the quarter ended June 26, 2009. Sales for the second quarter of 2009 decreased 13.3% compared to the prior year period. Earnings per diluted share were $0.20 for the second quarter of 2009, a decrease of 41% compared to earnings per diluted share of $0.34 in the second quarter of 2008. Earnings per diluted share for the second quarter of 2009 included a $0.04 per diluted share charge associated with the previously announced consolidation of certain distribution centers and closing of certain underperforming professional contractor showrooms ("distribution network consolidations").

IBI is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CFO John A Ebner bought shares of IBI stock.

Sunstone Hotel Investors Inc. (SHO): EVP - CFO Kenneth Edward Cruse Bought 5,900 Shares

EVP - CFO of Sunstone Hotel Investors Inc. (SHO) Kenneth Edward Cruse bought 5,900 shares on 03/02/2010 at an average price of $8.84. Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. Sunstone Hotel Investors Inc. has a market cap of $924.1 million; its shares were traded at around $9.41 with a P/E ratio of 13.6 and P/S ratio of 1.3.

Sunstone Hotel Investors, Inc. announced results for the fourth quarter and year ended December 31, 2009. Total revenue was $192.6 million. Loss attributable to common stockholders was $133.2 million. Loss attributable to common stockholders per diluted share was $1.45.

SHO is in the portfolios of John Paulson of Paulson & Co., Ken Heebner of CAPITAL GROWTH MANAGEMENT LP, Jim Simons of Renaissance Technologies LLC.

President & CEO Arthur L Buser and EVP - CFO Kenneth Edward Cruse bought shares of SHO stock.

First Commonwealth Financial Corp. (FCF): CFO Robert E Rout Bought 10,000 Shares

CFO of First Commonwealth Financial Corp. (FCF) Robert E Rout bought 10,000 shares during the past week at an average price of $5.54. First Commonwealth Financial Corporation is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. First Commonwealth Financial Corp. has a market cap of $516.3 million; its shares were traded at around $6.07 with and P/S ratio of 1.6. The dividend yield of First Commonwealth Financial Corp. stocks is 2%.

FCF is in the portfolios of Manning & Napier Advisors, Inc, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.

First Commonwealth Financial Corporation the holding company for First Commonwealth Bank, announced today financial results for the year and fourth quarter ended December 31, 2009. First Commonwealth reported net income for the fourth quarter 2009 of $3.3 million, or $0.04 per diluted share, compared to net income of $8.9 million, or $0.11 per diluted share, in the fourth quarter of 2008. 2009 fourth-quarter net interest income increased $784 thousand, or 1.5%, from the fourth quarter of 2008.

President & CEO John J Dolan, CFO Robert E Rout, Director Robert J Ventura, Chairman of the Board David S Dahlmann, and Director Ray T Charley bought shares of FCF stock.

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