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Weekly CFO Buys Highlight: Ocean BioChem, Affymetrix, Richardson Electronics, First Defiance Financial, ECB Bancorp, SWS Group

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According to GuruFocus Insider Data, the largest CFO buys during the past week were Ocean BioChem Inc. (OBCI), Affymetrix Inc. (AFFX), Richardson Electronics Ltd. (RELL), First Defiance Financial Corp. (FDEF), ECB Bancorp Inc (ECBE), and SWS Group Inc. (SWS).

cfo of Ocean BioChem Inc. (OBCI) Jeffrey Barocas bought 34,000 shares during the past week at an average price of $2.05. OCEAN BIO-CHEM, INC. is principally engaged in the marketing and distribution of a broad line of appearance and maintenance products for automobiles, boats, motorcycles, recreational vehicles and aircraft under the Star Brite name. Ocean Biochem Inc. has a market cap of $18.3 million; its shares were traded at around $2.39 with a P/E ratio of 14.9 and P/S ratio of 0.7.

CEO, 10% Owner Peter G Dornau, CFO Jeffrey Barocas, and Vice President William Dudman bought shares of ABCI stock.

Affymetrix Inc. (AFFX): CFO Timothy C Barabe Bought 5,000 Shares

CFO of Affymetrix Inc. (AFFX) Timothy C Barabe bought 5,000 shares on 04/27/2010 at an average price of $6.45. Affymetrix scientists invented the world's first high-density microarray and began selling the first commercial microarray. Affymetrix Inc. has a market cap of $492.8 million; its shares were traded at around $6.95 with and P/S ratio of 1.5.

Affymetrix, Inc. reported its operating results for the first quarter of 2010. Total revenue for the quarter was $80.2 million, as compared to total revenue of $78.6 million in the first quarter of 2009. The Company reported a net loss of approximately $9.6 million, or $0.14 per diluted share, in the first quarter of 2010. This compares to net loss of $25.2 million, or $0.37 per diluted share, in the same period of 2009.

AFFX is in the portfolios of Chuck Royce of Royce& Associates, PRIMECAP Management, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.

CFO Timothy C Barabe bought shares of AFFX stock.

Richardson Electronics Ltd. (RELL): EVP, CFO & Chief Strategic Kathleen S Dvorak Bought 1,000 Shares

EVP, CFO & Chief Strategic of Richardson Electronics Ltd. (RELL) Kathleen S Dvorak bought 1,000 shares on 04/26/2010 at an average price of $11.05. Richardson Electronics, Ltd. is a global provider of Engineered Solutions, serving the RF, Wireless & Power Conversion; Electron Device; Security; and Display Systems markets. Richardson Electronics Ltd. has a market cap of $205.7 million; its shares were traded at around $11.485 with a P/E ratio of 18.5 and P/S ratio of 0.4. The dividend yield of Richardson Electronics Ltd. stocks is 0.7%.

Richardson Electronics, Ltd. reported net sales for the third quarter ended February 27, 2010, of $121.3 million, a 10.0% increase over net sales of $110.3 million for the third quarter of last year. Operating income in the third quarter was $5.7 million, compared to an operating loss of $9.7 million in the prior year’s third quarter. Net income for the third quarter was $4.5 million, or $0.25 per diluted common share, as compared with a net loss of $11.4 million, during the third quarter of last year.

RELL is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

EVP, CFO & Chief Strategic Kathleen S Dvorak and Controller & Chief Accounting James Dudek bought shares of RELL stock.

First Defiance Financial Corp. (FDEF): Executive Vice President, CFO Donald P. Hileman Bought 1,000 Shares

Executive Vice President, CFO of First Defiance Financial Corp. (FDEF) Donald P. Hileman bought 1,000 shares on 04/26/2010 at an average price of $14.29. First Defiance Financial Corp. is a unitary thrift holding company that, through its subsidiaries focuses on traditional banking, mortgage banking, and property and casualty, life and group health insurance products. First Defiance Financial Corp. has a market cap of $109.6 million; its shares were traded at around $13.5 with a P/E ratio of 33.8 and P/S ratio of 0.9.

First Defiance Financial Corp. announced that net income for its first quarter ended March 31, 2010 totaled $1.5 million, or $0.12 per diluted common share, compared to $3.4 million or $0.36 per diluted common share for the quarter ended March 31, 2009.

FDEF is in the portfolios of Private Capital of Private Capital Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

Executive Vice President, CFO Donald P. Hileman, Director Douglas A Burgei, and Director Stephen L Boomer bought shares of FDEF stock.

ECB Bancorp Inc (ECBE): CFO Thomas M Crowder Bought 800 Shares

CFO of ECB Bancorp Inc (ECBE) Thomas M Crowder bought 800 shares on 04/22/2010 at an average price of $16.5. ECB Bancorp Inc. operations are primarily retail oriented and directed toward individuals, small- and medium-sized businesses and local governmental units located in its banking markets, and its deposits and loans are derived primarily from customers in its banking markets. Ecb Bancorp Inc has a market cap of $47 million; its shares were traded at around $16.5 with and P/S ratio of 1. The dividend yield of Ecb Bancorp Inc stocks is 1.6%.

ECB Bancorp, Inc. announced its results for the three months ended March 31, 2010. For the three months ended March 31, 2010, net income totaled $487,000, a 61.1% decrease from the $1,253,000 in net income for the three months ended March 31, 2009. After adjusting for $265,000 in preferred stock dividends and the accretion of warrant discount, net income available to common shareholders for the three months ended March 31, 2010 was $222,000 or $0.08 per diluted share compared to $1,046,000 or $0.37 per diluted share for the three months ended March 31, 2009.

President and CEO A Dwight Utz, CFO Thomas M Crowder, and Director George T Jr Davis bought shares of ECBE stock.

SWS Group Inc. (SWS): CFO Kenneth R Hanks Bought 500 Shares

CFO of SWS Group Inc. (SWS) Kenneth R Hanks bought 500 shares on 04/30/2010 at an average price of $11.08. SWS Group, Inc. is a full-service securities and banking firm using technology to deliver a broad range of investment and related financial services to their clients, which include individual and institutional investors, broker/dealers, corporations, governmental entities and financial intermediaries. Sws Group Inc. has a market cap of $360.5 million; its shares were traded at around $11.07 with a P/E ratio of 15.4 and P/S ratio of 0.7. The dividend yield of Sws Group Inc. stocks is 3.2%.

SWS Group, Inc. reported a net loss of $11.5 million, or 35 cents per diluted share, in its fiscal 2010 third quarter ended March 26. Deterioration in the commercial real estate loan portfolio at the company's subsidiary bank, Southwest Securities, FSB, led to a $25 million loan loss provision and the loss for the quarter. Net revenues for the quarter were $83.0 million.

SWS is in the portfolios of John Keeley of Keeley Fund Management, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.

CEO Donald W Hultgren, CFO Kenneth R Hanks, and Executive Vice President John L Jr Holt bought shares of SWS stock.

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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