1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Monica Wolfe
Monica Wolfe
Articles (757) 

CFOs Make Insider Buys at 3-Year Lows and Highs

April 16, 2013 | About:

Several CFOs have bought back shares into their companies this week. This is important to note because as the head of these corporations' financial departments, CFOs offer a keen insight and knowledge into the financial stability and growth of their companies. It is also interesting to note that insider transactions coming from corporate officers within the past three months have typically signaled big gains to come. The biggest returns have been found after insider buys of undervalued stocks.

1. Casella Waste Systems (CWST)

Senior Vice President and CFO Edmond Coletta added 2,000 shares on April 15. These shares traded at $4.09 for a total of $8,180.

Not only did the CFO add shares of Casella but the president and COO, Edwin Johnson, also made two different transactions on April 15 adding 25,000 shares at an average price of $4.05. This transaction cost $4.08. Johnson spent a total of $101,500 on these transactions.

Both of these insiders made buys as the company’s price is nearing a three-year low price of $3.69.

Casella Waste is a solid waste, recycling and resource management services company. It provides these services to residential, commercial, municipal and industrial customers. The company operates in six states in Northeastern America.

Jim Simons holds 40,304 shares and Mario Gabelli holds 207,081 shares of Casella Waste.

With its shares up 3.2%, Casella Waste Systems trades at $4.19.

2. American Realty Capital Properties (ARCP)

American Realty CFO, Brian Block, added to his stake on April 11 along with five corporate executives. Block added a total of 10,000 shares at a price of $15.69. This transaction cost him $156,900.

Chief Investment Officer, Peter Budko, added 30,001 shares to his stake. This cost him $470,716.

American Realty recently changed its name to “AR Capital” in order to reflect its expanded business in direct investments as well as its expansion away from real estate.

According to the GuruFocus analysis of AR Capital, the company’s price is nearing a three-year high of $16.64. The P/S Ratio is also close to a one-year high of 9.19.

Jim Simons holds 132,000 shares of AR Capital.

With its shares up 1.73%, ARCP trades at $16.43.

3. Garrison Capital Inc. (GARS)

Garrison Capital reported a CFO buy on April 2. This buy came at the same time as seven other insiders of the company.

Treasurer and CFO Brian Chase added 4,264 shares at an average price of $15.00. This transaction cost him $63,960.

Garrison Capital is a non-diversified, closed-end management investment company that intends to file an election to be treated as a business development company. The company’s investment objective is to generate current income and capital appreciation by making investments generally in the range of $10 million to $25 million primarily in debt securities of U.S.-based middle-market companies.

With its shares up 0.72%, Garrison trades at $15.29.

4. GrafTech International (GTI)

GrafTech International reported that its CFO and Vice President Lindon Robertson bought 14,000 shares at $7.27 per share. This transaction cost Robertson a total of $101,780.

President, CEO and Chairman Craig Shular also added shares. The buys from these two men mark the first insider buys for the company since 2008.

These buys came as the price is inching closer to a three-year low of $6.84.

According to the GuruFocus analysis the company’s P/B Ratio is close to a 10-year low of 0.68 and the P/S Ratio is close to a three-year low of 0.75.

GrafTech is held by five different gurus. To see these gurus and the shares they hold, click here.

With its shares up 0.28%, GrafTech’s shares trade at $7.04.

To see the complete list of CFO Insider Buys and Sells, click here.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

Rating: 4.3/5 (3 votes)


Please leave your comment:

Performances of the stocks mentioned by Monica Wolfe

User Generated Screeners

daftheadersg hk best
henrikLynch inspiret Oct 17
lajor10Low EV/EBITDA
canidPE >50th percentile of INDUSTR
brucexoct 17 user defined screen
AngryQuality Growth cheap
EnjoylifeDad 1
punjanoot2007a academy+joe
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat