Weekly CFO Buys Highlights: ASTC, NEON, NEWN, GSB, KOG

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Jun 13, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week are Astrotech Corp., Neonode Inc., New Energy Systems Group, Globalscape Inc., and Kodiak Oil & Gas Corp.


CFO of Astrotech Corp. (ASTC, Financial) John Porter bought 30,000 shares on 06/02/2011 at an average price of $1.02. Astrotech Corp., formerly Spacehab Inc., provides a range of products and services that focus on the needs of industry, governments and academia requiring access to, and utilization of the environment of space. Astrotech Corp. has a market cap of $22.2 million; its shares were traded at around $1.15 with and P/S ratio of 0.7.


Astrotech Corp. announced financial results for its fiscal year 2011 third quarter ended March 31, 2011. The company posted a third-quarter fiscal year 2011 net loss of $0.4 million, or $(0.02) per diluted share, on revenue of $5.7 million compared with a third quarter fiscal year 2010 net loss of $0.6 million, or $(0.04) per diluted share on revenue of $6.6 million.


CFO John Porter bought shares of Astrotech stock.


Director Mark Adams sold shares of Astrotech stock.


Neonode Inc. (NEON, Financial): VP Finance & CFO David W. Brunton Bought 10,000 Shares


VP Finance & CFO of Neonode Inc. (NEON) David W. Brunton bought 10,000 shares on 06/07/2011 at an average price of $3. Neonode is a company that designs, develops and sells patented technologies and products focused on unique user experiences.


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


New Energy Systems Group (NEWN, Financial): CFO Chen Junfeng Bought 29,508 Shares


CFO of New Energy Systems Group (NEWN) Chen Junfeng bought 29,508 shares on 06/01/2011 at an average price of $3.39. New Energy Systems Group, headquartered in Shenzhen, China, is a manufacturer and distributor of lithium ion batteries. New Energy Systems Group has a market cap of $44.8 million; its shares were traded at around $3.13 with a P/E ratio of 2.3 and P/S ratio of 0.5.


New Energy Systems Group reported that fourth quarter profits rose 80% as sales during the period more than doubled. For the three months ending Dec. 31, 2010, the company posted net income of $3.6 million, or $0.26 per diluted share. This compares with profits of $2.0 million, or $0.20 per diluted share, in the year-ago period. Revenues rose 113% to $22.4 million, surpassing analyst estimates of $20.9 million.


CFO Chen Junfeng and Director Yu Weihe bought shares of NEWN stock.


Globalscape Inc. (GSB, Financial): CFO Thomas Randall Hawkins Bought 25,000 Shares


CFO of Globalscape Inc. (GSB) Thomas Randall Hawkins bought 25,000 shares on 06/09/2011 at an average price of $2.03. Globalscape Inc., a provider of Global Managed File Transfer solutions and wide-area file services technologies, delivers a modular approach to solving the enterprise challenges of security, bandwidth, latency and regulatory compliance. Globalscape Inc. has a market cap of $36.7 million; its shares were traded at around $2.04 with a P/E ratio of 68 and P/S ratio of 1.9.


Globalscape Inc. announced financial results for its first quarter of fiscal year 2011, ending March 31, 2011. Revenue was $4.6 million for the first quarter of fiscal year 2011, an increase of five percent when compared with revenue of $4.4 million in the same quarter last year. Net income for the first quarter was $59,000, or $0.00 per diluted share, compared with net income of $364,000, or $0.02 per diluted share, in the same quarter last year.


CFO Thomas Randall Hawkins, COO Craig A. Robinson, and COO Craig A. Robinson bought shares of GSB stock.


Kodiak Oil & Gas Corp. (KOG, Financial): CFO, Treasurer & Secretary James P. Henderson Bought 16,450 Shares


CFO, Treasurer & Secretary of Kodiak Oil & Gas Corp. (KOG) James P Henderson bought 16,450 shares on 06/07/2011 at an average price of $6.08. Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Greater Green River Basins. Kodiak Oil & Gas Corp. has a market cap of $1.07 billion; its shares were traded at around $5.97 with a P/E ratio of 198.9 and P/S ratio of 43.1.


CFO/Treasurer/Secretary James P Henderson and Chairman, Exec VP, COO James E. Catlin bought shares of KOG stock.