Weekly CFO Buys Highlight: ASNB, FXCM, CDXS, VTNC, BRS

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Sep 24, 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:



AdvanSource Biomaterials Corporation (ASNB, Financial): CFO David Crispino Volpe Bought 75,000 Shares

CFO of AdvanSource Biomaterials Corporation (ASNB) David Crispino Volpe bought 75,000 shares on 09/18/2012 at an average price of $0.02. AdvanSource Biomaterials Corporation develops advanced polymer materials which provide critical characteristics in the design and development of medical devices. Advansource Biomaterials Corporation has a market cap of $0.2 million; its shares were traded at around $0.05 with and P/S ratio of 0.1.

AdvanSource Biomaterials Corporation announced financial results for its fiscal 2011 third quarter ended Dec. 31, 2010. For the trailing 12 months ended Dec. 31, 2010, total revenues decreased to $1,902,000 compared with $2,350,000 for the comparable trailing 12 month period ended Dec. 31, 2009.

CEO Michael F. Adams and CFO David Crispino Volpe bought shares of ASNB stock.

FXCM Inc. (FXCM, Financial): CFO Robert Lande Bought 9,300 Shares

CFO of FXCM Inc. (FXCM) Robert Lande bought 9,300 shares on 09/12/2012 at an average price of $9.27. FXCM Inc. is an online provider of foreign exchange, trading and related services to retail and institutional customers globally. FXCM Inc. has a market cap of $315.1 million; its shares were traded at around $9.66 with a P/E ratio of 13.4 and P/S ratio of 0.8. The dividend yield of FXCM Inc. stocks is 2.6%.

FXCM Inc. announced for the quarter ended June 30, 2012, revenues under U.S. GAAP of $91.7 million, compared to $103.3 million for the quarter ended June 30, 2011, a decrease of 11%. Net Income was $7.9 million for the second quarter 2012, compared to $15.6 million for the second quarter 2011, a decrease of 50%.

CFO Robert Lande, See Remarks Ornit Niv and COO David Sakhai bought shares of FXCM stock.

Codexis Inc. (CDXS, Financial): Senior Vice President and CFO David D. O'Toole Bought 5,000 Shares

Senior Vice President and CFO of Codexis Inc. (CDXS) David D. O'Toole bought 5,000 shares on 09/14/2012 at an average price of $2.78. Codexis Inc. is a provider of optimized biocatalysts. Codexis Inc. has a market cap of $98.6 million; its shares were traded at around $3.42 with and P/S ratio of 0.8.

Codexis Inc. announced financial results for the second quarter ended June 30, 2012. Net loss was ($5.5) million, or ($0.15) per share, based on 36.3 million weighted average common shares outstanding in the second quarter of 2012. This compares to a net loss of ($5.0) million or ($0.14) per share during the second quarter of 2011.

Senior Vice President and CFO David D O'Toole, Senior Vice President BioIndustrials David L. Anton and Senior Vice President, General Counsel and Secretary Douglas T. Sheehy sold shares of CDXS stock.

Vitran Corporation Inc. (USA) (VTNC, Financial): Vice President and CFO Fayaz Diamond Suleman Bought 5,000 Shares

Vice President and CFO of Vitran Corporation Inc. (USA) (VTNC) Fayaz Diamond Suleman bought 5,000 shares on 09/20/2012 at an average price of $4.8. Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services. Vitran Corporation Inc. (USA) has a market cap of $62.4 million; its shares were traded at around $5.36 with and P/S ratio of 0.1.

Vitran Corporation Inc. announced financial results for the second quarter of 2012 and the six-month period ended June 30, 2012. Vitran reported a 2.0% increase in revenue to $213.1 million for the quarter ended June 30, 2012 compared to $208.9 million for second quarter of 2011. Vitran recorded a net loss of $4.2 million, or $0.25 per share, for the second quarter of 2012 compared to a net loss of $2.3 million, or $0.14 per share, for the same period in 2011.

President and CEO Rick Gaetz, Vice President and CFO Fayaz Diamond Suleman and Director Richard McGraw bought shares of VTNC stock.

Bristow Group Inc. (BRS, Financial): Senior Vice President and CFO Jonathan Baliff Bought 1,750 Shares

Senior Vice President and CFO of Bristow Group Inc. (BRS) Jonathan Baliff bought 1,750 shares on 09/13/2012 at an average price of $50.8. Bristow Group Inc. is a provider of helicopter services to the worldwide energy industry. Bristow Group Inc. has a market cap of $1.81 billion; its shares were traded at around $51.85 with a P/E ratio of 14.8 and P/S ratio of 1.4. The dividend yield of Bristow Group Inc. stocks is 1.6%. Bristow Group Inc. had an annual average earnings growth of 5.4% over the past 10 years.

President and CEO William E. Chiles, Senior Vice President and CFO Jonathan Baliff and Vice President Brian J. Allman sold shares of BRS stock.

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