Weekly CFO Buys Highlight: MTG, MWA, MWW, BLD, RDN

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Sep 05, 2011
According to GuruFocus Insider Data, these are the largest CFO buys during the past week MGIC Investment Corp., Mueller Water Products, Monster Worldwide Inc., Baldwin Technology Co. Inc. Cl A, Radian Group Inc.


MGIC Investment Corp. (MTG, Financial): Executive VP & CFO Jon Michael Lauer Bought 20,000 Shares


Executive VP & CFO of MGIC Investment Corp. (MTG) Jon Michael Lauer bought 20,000 shares on 08/26/2011 at an average price of $2.34. MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Mgic Investment Corp. has a market cap of $440.5 million; its shares were traded at around $2.19 with and P/S ratio of 0.4.


MGIC Investment Corporation reported a net loss for the quarter ended June 30, 2011 of $151.7 million, compared with net income of $24.6 million for the same quarter a year ago. Diluted loss per share was $0.75 for the quarter ending June 30, 2011, compared to diluted earnings per share of $0.13 for the same quarter a year ago. Total revenues for the second quarter were $367.0 million, compared with $406.4 million in the second quarter last year.


Chairman and CEO Curt S Culver, Executive VP & CFO Jon Michael Lauer, and President and COO Patrick Sinks bought shares of MTG stock.


Mueller Water Products (MWA, Financial): SVP and CFO Evan Hart Bought 15,000 Shares


SVP and CFO of Mueller Water Products (MWA) Evan Hart bought 15,000 shares on 08/25/2011 at an average price of $2.12. Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Mueller Water Products has a market cap of $331.1 million; its shares were traded at around $2.13 with and P/S ratio of 0.3. The dividend yield of Mueller Water Products stocks is 3.2%.


Mueller Water Products, Inc. reported net sales of $366.7 million and a net loss of $2.7 million for the fiscal 2011 third quarter ended June 30, 2011. Net sales for the 2011 third quarter were $366.7 million compared to net sales for the 2010 third quarter of $375.9 million. Net sales for the third quarter were $366.7 million compared to net sales for the 2010 third quarter of $375.9 million. Net sales decreased primarily due to lower shipment volumes in our water infrastructure businesses of $28.6 million, partially offset by higher prices of $17.5 million.


SVP and CFO Evan Hart, SVP Marietta Edmunds Zakas, and VP and Controller Kevin Mchugh bought shares of MWA stock.


Monster Worldwide Inc. (MWW, Financial): EVP, CFO James M Langrock Bought 12,237 Shares


EVP, CFO of Monster Worldwide Inc. (MWW) James M Langrock bought 12,237 shares on 08/30/2011 at an average price of $8.17. Monster Worldwide, Inc is the online recruitment leader and the parent company of Monster, the global careers website. Monster Worldwide Inc. has a market cap of $1.13 billion; its shares were traded at around $8.73 with a P/E ratio of 41.6 and P/S ratio of 1.3.


Monster Worldwide, Inc. reported a recent quarterly revenue of $270 million increased 25% from $215 million in the second quarter 2010. On a year over year basis, currency translation had an $11 million positive impact on revenue in the second quarter. Net income for the second quarter 2011 was $11 million, or $0.09 per share. This compares to a net loss of $3.0 million, or $0.02 loss per share, in the second quarter 2010, which included $3.8 million of pre-tax charges or $0.02 per share net of tax.


Chairman, President and CEO Salvatore Iannuzzi, EVP, CFO James M Langrock, and Executive Vice President Timothy T Yates bought shares of MWW stock.


Baldwin Technology Co. Inc. Cl A (BLD, Financial): VP, CFO & Treasurer Ivan Randall Habibe Bought 11,000 Shares


VP, CFO & Treasurer of Baldwin Technology Co. Inc. Cl A (BLD) Ivan Randall Habibe bought 11,000 shares on 08/31/2011 at an average price of $1.3. Baldwin Technology Company, Inc. is a international supplier of offset printing press accessories and controls for the newspaper publishing and commercial printing industries. Baldwin Technology Co. Inc. Cl A has a market cap of $19.4 million; its shares were traded at around $1.24 with and P/S ratio of 0.1.


Baldwin Technology Company, Inc. reported financial results for its fiscal third quarter ended March 31, 2011. The Company reported net sales of $36.4 million for the third quarter, a 1.4% decline compared to net sales of $37.0 million for the third quarter of the prior fiscal year.


President & CEO Mark T Becker, VP, CFO & Treasurer Ivan Randall Habibe, and Director Paul J. Griswold bought shares of BLD stock.


Radian Group Inc. (RDN, Financial): Executive VP and CFO C Robert Quint Bought 10,000 Shares


Executive VP and CFO of Radian Group Inc. (RDN) C Robert Quint bought 10,000 shares on 08/25/2011 at an average price of $2.45. Radian Group Inc. is the parent company of Radian Guaranty Inc. Radian Group Inc. has a market cap of $403.3 million; its shares were traded at around $3.03 with and P/S ratio of 1. The dividend yield of Radian Group Inc. stocks is 0.3%.


CEO Sanford A Ibrahim and Executive VP and CFO C Robert Quint bought shares of RDN stock.


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