Weekly CFO Buys Highlight: CHEVD, MTEX, GRF, UWN, CMC

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Jan 23, 2012
According to GuruFocus Insider Data, the largest CFO buys during the past week were Cheviot Financial Corp, Mannatech Inc., Eagle Capital Growth Fund Inc., Nevada Gold & Casinos Ltd., and Commercial Metals Co.


Cheviot Financial Corp (CHEVD, Financial): CFO and Treasurer Scott T. Smith Bought 25,331 Shares


CFO and Treasurer of Cheviot Financial Corp (CHEVD) Scott T. Smith bought 25,331 shares on 01/18/2012 at an average price of $8.


Cheviot Financial Corp. reported net earnings in the third fiscal quarter of 2011 of $969,000, or $0.11 cents per share an increase of 42% from the $683,000, or $0.08 cents per share in net earnings for the third fiscal quarter of 2010.


President and CEO Thomas J. Linneman, CFO and Treasurer Scott T. Smith, and Director Edward L. Kleemeier bought shares of CHEVD stock.


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 $119.5 million; its shares were traded at around $4.51 with and P/S ratio of 0.5.


Mannatech Inc. reported for the quarter ended September 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. The net loss increased by $2.4 million for the quarter largely due a tax provision of $0.5 million compared to a benefit of $2.0 million recorded in the third quarter of 2010.


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


Eagle Capital Growth Fund Inc (GRF, Financial): CFO, COO and secretary David C. Sims Bought 3,650 Shares


CFO, COO and secretary of Eagle Capital Growth Fund Inc (GRF) David C. Sims bought 3,650 shares on 01/13/2012 at an average price of $6.15. Eagle Capital Growth Fund Inc has a market cap of $28.1 million; its shares were traded at around $6.95 . The dividend yield of Eagle Capital Growth Fund Inc stocks is 1.3%.


President and CEO Luke E. Sims and CFO, COO and secretary David C. Sims bought shares of GRF stock.


Nevada Gold & Casinos Ltd. (UWN, Financial): CFO James Jay Kohn Bought 2,575 Shares


CFO of Nevada Gold & Casinos Ltd. (UWN) James Jay Kohn bought 2,575 shares on 01/19/2012 at an average price of $1.45. Nevada Gold & Casinos Ltd. has a market cap of $24.5 million; its shares were traded at around $1.54 with and P/S ratio of 0.5.


Nevada Gold & Casinos Inc. announced financial results for the second quarter ended Oct. 31, 2011. Net revenues from continuing operations increased 4.6% to $12.8 million, compared to $12.3 million in the second quarter ended October 31, 2010 Net loss of $2.1 million, or $0.6 million excluding the impairment adjustment, compared to a net loss of $0.4 million a year ago


CEO Robert B. Sturges, CFO James Jay Kohn, and Director Frank Catania bought shares of UWN stock.


Commercial Metals Co. (CMC, Financial): Senior Vice President and CFO Barbara Smith Bought 2,000 Shares


Senior Vice President and CFO of Commercial Metals Co. (CMC) Barbara Smith bought 2,000 shares on 01/11/2012 at an average price of $14.07. Commercial Metals Company has three segments: manufacturing, recycling and marketing and trading. Commercial Metals Co. has a market cap of $1.46 billion; its shares were traded at around $12.66 with a P/E ratio of 43.6 and P/S ratio of 0.2. The dividend yield of Commercial Metals Co. stocks is 3.8%.


Commercial Metals Company reported net earnings of $107.7 million or $0.93 per diluted share on net sales of $2.0 billion for the first quarter ended Nov. 30, 2011.


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


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