Weekly CFO Buys Highlight: RXN, XBKS, STAG, AEGR, PZG

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Apr 02, 2012
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:





Rexnord Corp. (RXN, Financial): Senior Vice President and CFO Mark W. Peterson Bought 3,000 Shares


Senior Vice President and CFO of Rexnord Corp. (RXN) Mark W. Peterson bought 3,000 shares on 03/29/2012 at an average price of $18.


Rexnord Corp. reported that net sales from the second quarter 2012 increased 10% from the prior year second quarter to $455 million. Core sales growth was also 10% in the quarter. Income from operations increased 13% from the prior year second quarter to $62 million; income from operations as a percent of net sales increased 30 basis points year-over-year to 13.5% of net sales.


President and CEO Todd A. Adams, Senior Vice President and CFO Mark W. Peterson and Executive Vice President Corporate and Business Development Praveen R. Jeyarajah bought shares of RXN stock.


Xenith Bankshares (XBKS, Financial): Executive Vice President, CFO, CAO and Treasurer Thomas W. Osgood Bought 2,000 Shares


Executive Vice President, CFO, CAO and Treasurer of Xenith Bankshares (XBKS) Thomas W. Osgood bought 2,000 shares during the past week at an average price of $4.25. Xenith Bankshares Inc., formerly known as First Bankshares Inc. Xenith Bankshares has a market cap of $44.29 million; its shares were traded at around $4.24 with and P/S ratio of 1.59.


Xenith Bankshares Inc. announced results for 2011. For the full year, the company reported net income of $4.45 million, or $0.48 per share, compared to a net loss of $5.92 million, or ($1.01) per share, for 2010.


President and CEO T. Gaylon Layfield, President and CEO T. Gaylon Layfield, and Executive Vice President, CFO, CAO and Treasurer Thomas W. Osgood bought shares of XBKS stock.


Stag Industrial (STAG, Financial): CFO, Executive Vice President and Treasurer Gregory W. Sullivan Bought 1,000 Shares


CFO, Executive Vice President and Treasurer of Stag Industrial (STAG) Gregory W. Sullivan bought 1,000 shares during the past week at an average price of $13.71. STAG Industrial Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the U.S. Stag Industrial has a market cap of $223.19 million; its shares were traded at around $13.96 with a P/E ratio of 14.59 and P/S ratio of 4.2. The dividend yield of Stag Industrial stocks is 7.45%.


STAG Industrial, Inc. announced its financial and operating results for the fourth quarter of 2011. Net Income (Loss) for the quarter was ($2.7) million.


Chairman, CEO and President Benjamin S. Butcher, CFO, Executive Vice President and Treasurer Gregory W. Sullivan, and CFO, Executive Vice President and Treasurer Gregory W. Sullivan bought shares of STAG stock.


Aegerion Pharma (AEGR, Financial): CFO Mark J. Fitzpatrick Bought 500 Shares


CFO of Aegerion Pharma (AEGR) Mark J. Fitzpatrick bought 500 shares on 03/23/2012 at an average price of $14.15. Aegerion Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the development and commercialization of therapeutics to treat lipid disorders. Aegerion Pharma has a market cap of $294.11 million; its shares were traded at around $13.83.


Aegerion Pharma announced its financial results and business highlights for the fourth-quarter and year ended December 31, 2011. For the quarter ended December 31, 2011, Aegerion reported a net loss attributable to common stockholders of $13.9 million, or $0.66 per share, compared with a net loss attributable to common stockholders of $12.1 million, or $0.92 per share, for the same period in 2010. For the full-year ended December 31, 2011, net loss attributable to common stockholders was $39.5 million, or $2.03 per share, compared with a net loss attributable to common stockholders of $23.0 million, or $5.07 per share, for the same period in 2010.


CEO Marc D. Beer and CFO Mark J. Fitzpatrick bought shares of AEGR stock.


Member of Group > 10% Partners Hls III Limited Advent sold shares of AEGR stock.


Paramount Gold (PZG, Financial): CFO Carlo Buffone Bought 20,000 Shares


CFO of Paramount Gold (PZG) Carlo Buffone bought 20,000 shares on 03/29/2012 at an average price of $2.2. Paramount Gold and Silver Corp. engages in the acquisition, exploration, and development of gold, silver, and precious metal properties primarily in Mexico. Paramount Gold has a market cap of $309.36 million; its shares were traded at around $2.26 with and P/S ratio of 1031.22.


CEO Christopher Crupi and CFO Carlo Buffone bought shares of PZG stock.


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