Weekly CFO Buys Highlight: ADLR, RENT, BTX, CWST, NVSLD

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Jul 03, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week are Adolor Corp., Rentrak Corp., BioTime Inc., Casella Waste Systems Inc., Naugatuck Valley Financial Corp.


Adolor Corp. (ADLR, Financial): SVP, Finance & CFO Stephen W Webster Bought 10,000 Shares


SVP, Finance & CFO of Adolor Corp. (ADLR) Stephen W Webster bought 10,000 shares on 06/27/2011 at an average price of $1.88. Adolor Corporation is a biopharmaceutical company specializing in the discovery, development and commercialization of novel prescription pain management products. Adolor Corp. has a market cap of $96.9 million; its shares were traded at around $2.09 with and P/S ratio of 3.9.


Adolor Corporation reported net sales were $7.5 million for the three months ended March 31, 2011, a 42% increase compared to net sales of $5.3 million for the three months ended March 31, 2010. Net loss for the three months ended March 31, 2011 was $7.3 million, or $(0.16) per basic and diluted share, down from a net loss of $9.6 million, or $(0.21) per basic and diluted share, for the three months ended March 31, 2010.


SVP, Finance & CFO Stephen W Webster and SVP, General Counsel & Secr. John M Limongelli bought shares of ADLR stock.


Rentrak Corp. (RENT, Financial): COO & CFO David I. Chemerow Bought 5,500 Shares


COO & CFO of Rentrak Corp. (RENT) David I. Chemerow bought 5,500 shares on 06/29/2011 at an average price of $17.86. Rentrak Corporation's primary business is the distribution of videocassettes to home video specialty stores and other retailers using its Pay Per Transaction system. Rentrak Corp. has a market cap of $212.8 million; its shares were traded at around $18.93 with a P/E ratio of 631.1 and P/S ratio of 2.1.


Rentrak Corporation announced financial results for its fiscal fourth quarter and full year ended March 31, 2011. Consolidated revenues for the fourth quarter of fiscal 2011 were $24.7 million. Net loss was $789,000, or $0.07 per share, for the fourth quarter of fiscal 2011, compared with net income of $197,000, or $0.02 per diluted share, for the similar period last year.


CEO William Paul Livek, COO & CFO David I. Chemerow, and Director William E Engel bought shares of RENT stock.


BioTime Inc. (BTX, Financial): Senior VP, COO & CFO Robert Peabody Bought 5,400 Shares


Senior VP, COO & CFO of BioTime Inc. (BTX) Robert Peabody bought 5,400 shares on 06/22/2011 at an average price of $4.45. BioTime, Inc. headquartered in Emeryville, California, develops blood plasma volume expanders, blood replacement solutions for hypothermic low temperature surgery, organ preservation solutions and technology for use in surgery, emergency trauma treatment and other applications. Biotime Inc. has a market cap of $265.9 million; its shares were traded at around $5.45 with and P/S ratio of 72.2. Biotime Inc. had an annual average earnings growth of 18.5% over the past 5 years.


BioTime, Inc. reported financial results for the quarter ended March 31, 2011. For the quarter ended March 31, 2010, total revenue was $825 thousand, up 7% from $768 thousand for the same period one year ago. Net loss attributable to BioTime, Inc. for the three months ended March 31, 2011 was $3.4 million or $0.07 per share, compared to a net loss of $1.3 million or $0.04 per share for the same period one year ago.


CEO Michael D West and Senior VP, COO & CFO Robert Peabody bought shares of BTX stock.


Casella Waste Systems Inc. (CWST, Financial): Senior Vice President & CFO Edwin D Johnson Bought 11,000 Shares


Senior Vice President & CFO of Casella Waste Systems Inc. (CWST) Edwin D Johnson bought 11,000 shares during the past week at an average price of $5.17. Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizingrecyclable materials primarily throughout the eastern portion of the UnitedStates and parts of Canada. Casella Waste Systems Inc. has a market cap of $161.2 million; its shares were traded at around $6.13 with and P/S ratio of 0.3. Casella Waste Systems Inc. had an annual average earnings growth of 8% over the past 5 years.


Casella Waste Systems, Inc. reported financial results for its fourth quarter and 2011 fiscal year. For the quarter ended April 30, 2011, revenues were $109.5 million, down $3.2 million or 2.8 percent from the same quarter last year, driven mainly by lower volumes and divestitures. The company's net income available to common shareholders was $48.8 million, or $1.85 per common share for the quarter, compared to a net loss of ($5.2) million, or ($0.20) per share for the same quarter last year.


CEO John W Casella, Senior Vice President & CFO Edwin D Johnson, and Director Michael K Burke bought shares of CWST stock.


Naugatuck Valley Financial Corp. (NVSLD, Financial): SVP & CFO Lee R Schlesinger Bought 2,500 Shares


SVP & CFO of Naugatuck Valley Financial Corp. (NVSLD) Lee R Schlesinger bought 2,500 shares on 06/29/2011 at an average price of $8.


President & CEO John C Roman, SVP & CFO Lee R Schlesinger, and Director Jane H Walsh bought shares of NVSLD stock.


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