Weekly CFO Buys Highlight: REFR, UGI, PCRX, NOIZ

Author's Avatar
Feb 21, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week are Research Frontiers Inc., UGI Corp., Pacira Pharmaceuticals Inc., and Micronetics Inc.

Research Frontiers Inc. (REFR, Financial): VicePresident-Business Dev/CFO Voorhees Seth Van Bought 24,000 Shares

VicePresident-Business Dev/CFO of Research Frontiers Inc. (REFR) Voorhees Seth Van bought 24,000 shares on 02/10/2011 at an average price of $8.65. RESEARCH FRONTIERS INC. is primarily engaged in the development and licensing of suspended particle technology and devices to control the transmission of light. Research Frontiers Inc. has a market cap of $155.69 million; its shares were traded at around $8.516 with and P/S ratio of 219.28.

Mutual Fund and Other Gurus that owns REFR: Chuck Royce of Royce& Associates.

President and CEO Joseph M Harary and Vice President-Technology Steven Michael Slovak bought shares of REFR stock.

VicePresident-Business Dev/CFO Voorhees Seth Van bought shares of REFR stock.

UGI Corp. (UGI, Financial): CFO Robert C Flexon Bought 5,000 Shares

CFO of UGI Corp. (UGI) Robert C Flexon bought 5,000 shares on 02/16/2011 at an average price of $32.06. UGI Corporation is a holding company that operates propanedistribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Ugi Corp. has a market cap of $3.57 billion; its shares were traded at around $32.36 with a P/E ratio of 13.6 and P/S ratio of 0.64. The dividend yield of Ugi Corp. stocks is 3.09%. Ugi Corp. had an annual average earning growth of 9.4% over the past 10 years. GuruFocus rated Ugi Corp. the business predictability rank of 3-star.

UGI Corp. has reported net income attributable to UGI of $113.1 million, or $1.01 per diluted share, for the first quarter of fiscal 2011 ended December 31, compared to $98.4 million, or $0.90 per diluted share, for the first quarter of fiscal 2010.

Hedge Fund Gurus that owns UGI: Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns UGI: Diamond Hill Capital of Diamond Hill Capital Management Inc, Chuck Royce of Royce& Associates, Jeremy Grantham of GMO LLC, Mario Gabelli of GAMCO Investors.

President & CEO of AmeriGas Eugene V N Bissell, Chairman & CEO Lon R Greenberg, and Vice President - Finance & CFO Peter Kelly sold shares of UGI stock.

Pacira Pharmaceuticals Inc. (PCRX, Financial): CFO James S Scibetta Bought 5,000 Shares

CFO of Pacira Pharmaceuticals Inc. (PCRX) James S Scibetta bought 5,000 shares on 02/15/2011 at an average price of $7.04. Pacira Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the development, commercialization and manufacture of new pharmaceutical products, based on its proprietary DepoFoam drug delivery technology, for use in hospitals and ambulatory surgery centers.

President and CEO David M Stack, CFO James S Scibetta, and 10% Owner Bioventures Iv Qp Lp Mpm bought shares of PCRX stock.

Micronetics Inc. (NOIZ, Financial): CFO Carl Laurence Lueders Bought 2,000 Shares

CFO of Micronetics Inc. (NOIZ) Carl Laurence Lueders bought 2,000 shares on 02/14/2011 at an average price of $4.12. Micronetics, operating through its Defense Electronics Group, manufactures microwave and radio frequency components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics Inc. has a market cap of $18.81 million; its shares were traded at around $4.13 with a P/E ratio of 12.15 and P/S ratio of 0.54.

Micronetics, Inc. reported results for its third quarter ended December 25, 2010 (Q3 FY 2011). Net sales for Q3 FY 2011 were $7.6 million, a decrease of 16% compared to $9.0 million for Q3 FY 2010. Net sales for the thirty-nine weeks ended December 25, 2010 were $26.0 million, an increase of 1% compared to $25.7 million for the thirty-nine weeks ended December 26, 2009. Net income for Q3 FY 2011 was $101,123 or $0.02 per diluted share as compared to net income of $504,143 or $0.11 per diluted share for Q3 FY 2010.

Hedge Fund Gurus that owns NOIZ: Jim Simons of Renaissance Technologies LLC.

CFO Carl Laurence Lueders bought shares of NOIZ stock.

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