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Barel Karsan

Weekly CFO Buys Highlight: OCWEN FINANCIAL Corp., Aastrom Biosciences Inc.

March 13, 2011 | About:

According to GuruFocus Insider Data, these are the largest CFO buys during the past week.

OCWEN FINANCIAL Corp. (NYSE:OCN): EVP, CFO and CAO Vlack John Patrick Van Bought 20,000 Shares

EVP, CFO and CAO of OCWEN FINANCIAL Corp. (NYSE:OCN) Vlack John Patrick Van bought 20,000 shares on 03/04/2011 at an average price of $10.36. Ocwen Financial Corporation is a financial services holding company engaged in asset acquisition and resolution, residential finance, commercial finance, investment management and hotel operations. Ocwen Financial Corp. has a market cap of $1.07 billion; its shares were traded at around $10.62 with a P/E ratio of 14 and P/S ratio of 2.9. Ocwen Financial Corp. had an annual average earnings growth of 16.1% over the past 5 years.

Ocwen Financial Corporation reported net income for the twelve months ended December 31, 2010 of $38.0 million or $0.36 per share, compared with net income of $0.3 million or $0.00 per share in 2009.

EVP, CFO and CAO Vlack John Patrick Van and Chairman, 10% Owner William C Erbey sold shares of OCN stock.

Aastrom Biosciences Inc. (ASTM): CFO Scott Durbin Bought 13,537 Shares

CFO of Aastrom Biosciences Inc. (ASTM) Scott Durbin bought 13,537 shares on 03/04/2011 at an average price of $2.17. Aastrom Biosciences, Inc. develops autologous cell products for the repair or regeneration of multiple human tissues, based on its proprietary Tissue Repair Cell technology. Aastrom Biosciences Inc. has a market cap of $90.4 million; its shares were traded at around $2.34 with and P/S ratio of 1015.3.

Aastrom Biosciences, Inc. reported operating results for the quarter and six months ended December 31, 2010, reflecting the recent change in the company's fiscal year end from June 30 to December 31.

CEO and President Timothy M Mayleben, CEO & President Timothy M Mayleben, and CFO Scott Durbin bought shares of ASTM stock.

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

About the author:

Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

Rating: 3.6/5 (5 votes)


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