Weekly CFO Buys Highlight

Details recent buys from company CFOs

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Apr 03, 2020
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According to GuruFocus Insider Data, the recent Chief Financial Officer (CFO) buys were for MDC Partners Inc. (MDCA, Financial), PennantPark Floating Rate Capital Ltd (PFLT, Financial) and CNO Financial Group Inc. (CNO, Financial).

MDC Partners Inc. Executive Vice President, CFO Frank P Lanuto bought 25,000 shares

Executive Vice President and CFO Frank P. Lanuto bought 25,000 shares of MDC Partners Inc. (MDCA, Financial) for $1.24 per share on March 24. Since then, the stock price has decreased by 9.68%. MDC Partners Inc. has a market cap of $80.82 million and its shares were traded around $1.12. The company has a price-sales ratio of 0.05.

MDC Partners announced its fourth-quarter results with revenue of $381.96 million and gross profit of $121.25 million, while the net loss was $7.11 million. The full-year 2019 total revenue was $1.42 billion, a 4% decrease from 2018. The gross profit was $454.73 million, a 6% decrease from the year prior. The net loss was $4.69 million.

CEO and 10% Owner Mark Jeffery Penn bought 50,000 shares for $1.37 per share on March 25. Since then, the stock price has decreased by 18.25%.

Director Irwin D. Simon bought 7,395 shares for $1.34 per share on March 30. Since then, the stock price has decreased by 16.42%.

Director Desiree G. Rogers bought 15,152 shares for $1.66 per share on March 26. Since then, the stock price has decreased by 32.53%.

PennantPark Floating Rate Capital Ltd CFO Aviv Efrat bought 47,150 shares

CFO Aviv Efrat bought 18,050 shares of PennantPark Floating Rate Capital Ltd (PFLT, Financial) for $3.90 per share on March 23. Since then, the stock price has increased by 15.13%. PennantPark Floating Rate Capital Ltd has a market cap of $174.110 million and its shares were traded around $4.49. The company a price-earnings ratio of 10.45 and price-sales ratio of 1.86. The trailing 12-month dividend yield and forward dividend yield of PennantPark Floating Rate Capital Ltd stocks are 25.40%.

PennantPark Floating Rate Capital Ltd announced its fourth-quarter results with revenue of $24.64 million and net income of $9.97 million. The 2019 total revenue was $92.95 million, a 29% increase from 2018. The net loss was $11.4 million.

Investment Adviser Arthur H. Penn bought 22,000 shares for $4.32 per share on March 20. Since then, the stock price has increased by 3.94%.

Director Jeffrey Flug bought 400 shares for $3.56 per share on March 19. Since then, the stock price has increased by 26.12%.

CNO Financial Group Inc. CFO Paul H. McDonough bought 11,758 shares

CFO Paul H. McDonough bought 11,758 shares of CNO Financial Group Inc. (CNO, Financial) for $9.71 per share on March 23. Since then, the stock price has increased by 14.21%. CNO Financial Group Inc. has a market cap of $1.61 billion and its shares were traded around $11.09. The company has a price-earnings ratio of 4.12 and price-sales ratio of 0.42. The trailing 12-month dividend yield and forward dividend yield of CNO Financial Group Inc. stocks are 3.97%. Over the past 10 years, CNO Financial Group Inc had an annual average earnings growth of 0.90%.

CNO Financial Group announced its fourth-quarter results with revenue of $1.07 billion and net income of $278 million. The 2019 total revenue was $4.02 billion, a 7% decrease from 2018. The net income was $409.40 million.

CEO Gary C. Bhojwani bought 20,000 shares for $9.35 per share on March 23. Since then, the stock price has increased by 18.61%.

Director Ellyn L. Brown bought 2,000 shares for $12.30 per share on March 31. Since then, the stock price has decreased by 9.84%.

Executive Vice President and Chief Human Resources Officer Yvonne K. Franzese bought 5,000 shares for $9.54 per share on March 24. Since then, the stock price has increased by 16.25%.

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