Weekly CFO Buys Highlight: MTEX, TRNO, CMC, TINY

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Jan 16, 2012
According to GuruFocus Insider Data, the largest CFO buys during the past week were Mannatech Inc., Terreno Realty, Commercial Metals Co. and Harris & Harris Group Inc.


Mannatech Inc. (MTEX, Financial): CFO Steven Mark Nicholls Bought 25,000 Shares


CFO of Mannatech Inc. (MTEX) Steven Mark Nicholls bought 25,000 shares on 01/13/2012 at an average price of $0.47. Mannatech Inc is a wellness solution provider that sells its products through a global network-marketing system throughout the United States and the international markets of Canada, Australia, the UK, Japan and New Zealand. Mannatech Inc. has a market cap of $10.6 million; its shares were traded at around $0.4 with and P/S ratio of 0.1.


Mannatech Inc. reported for the quarter ended Sept. 30, 2011 net sales of $50.5 million, and a net loss of $3.7 million, or $0.14 per diluted share compared to the 2010 loss of $0.05 per share. Quarterly sales declined $4.4 million or 8.0%, compared to the third quarter of 2010.


CFO Steven Mark Nicholls and Director Larry A. Jobe bought shares of MTEX stock.


Terreno Realty (TRNO, Financial): President and CFO Michael A. Coke Bought 10,000 Shares


President and CFO of Terreno Realty (TRNO) Michael A. Coke bought 10,000 shares on 01/13/2012 at an average price of $14.25. Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. Terreno Realty has a market cap of $128 million; its shares were traded at around $13.75. The dividend yield of Terreno Realty stocks is 2.9%.


Terreno Realty reported financial results for the quarter ended June 30, 2011. Net loss increased by approximately $0.7 million to $2.0 million for the three months ended June 30, 2011 compared to a net loss of $1.3 million for the same period in 2010. Total revenues increased by approximately $3.5 million to $3.8 million for the three months ended June 30, 2011 from $0.3 million for the three months ended June 30, 2010. Total revenues increased by approximately $3.5 million to $3.8 million for the three months ended June 30, 2011 from $0.3 million for the three months ended June 30, 2010.


Chairman and CEO W Blake Baird, President and CFO Michael A. Coke, Director Douglas M. Pasquale bought shares of TRNO stock.


Commercial Metals Co. (CMC, Financial): Senior Vice President and CFO Barbara Smith Bought 4,000 Shares


Senior Vice President and CFO of Commercial Metals Co. (CMC) Barbara Smith bought 4,000 shares during the past week at an average price of $14.88. Commercial Metals Company has three segments: manufacturing, recycling, and marketing and trading. Commercial Metals Co. has a market cap of $1.53 billion; its shares were traded at around $13.22 with a P/E ratio of 45.5 and P/S ratio of 0.2. The dividend yield of Commercial Metals Co. stocks is 3.7%.


Commercial Metals Company reported a net loss of $120.3 million or $1.04 per diluted share on net sales of $2.3 billion for the fourth quarter ended Aug. 31, 2011. This compares with net earnings of $8.0 million or $0.07 per diluted share on net sales of $1.8 billion for the same period in 2010.


President and CEO Joseph Alvarado, Senior Vice President and CFO Barbara Smith, and Director Rhys J. Best bought shares of CMC stock.


Harris & Harris Group Inc. (TINY, Financial): President and CFO Daniel B. Wolfe Bought 850 Shares


President and CFO of Harris & Harris Group Inc. (TINY) Daniel B. Wolfe bought 850 shares on 01/09/2012 at an average price of $3.5. Harris & Harris Group Inc., based in New York, is a publicly traded venture capital firm exclusively focused on investing in companies enabled by nanotechnology and microsystems. Harris & Harris Group Inc. has a market cap of $116.8 million; its shares were traded at around $3.77 with a P/E ratio of 75.4 and P/S ratio of 262.1. Harris & Harris Group Inc. had an annual average earnings growth of 7% over the past 10 years.


NeoPhotonics Corporation announced financial results for its third quarter ended Sept. 30, 2011. For the third quarter of 2011, NeoPhotonics recorded quarterly revenue of $44.0 million, a decrease of $8.1 million, or 16% from the second quarter of 2011, and a decrease of $3.2 million, or 7%, from the third quarter of 2010. Net loss was $4.1 million for the third quarter of 2011, as compared to net income of $13.6 million in the second quarter of 2011 and net income of $0.1 million in the third quarter of 2010.


Chairman, CEO Douglas W Jamison, President, CFO Daniel B Wolfe, and Executive Vice President Misti Ushio bought shares of TINY stock.


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