Weekly CFO Buys Highlight: United States Steel Corp, Pennant Park Investment Corporation, Atlantic Coast Financial Corp.

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Feb 16, 2015

According to GuruFocus Insider Data the recent CFO buys were: United States Steel Corp (X, Financial), Pennant Park Investment Corporation (PNNT, Financial) and Atlantic Coast Financial Corp (ACFC).

United States Steel Corp (X, Financial): Exec. VP and CFO David B Burritt bought 40,083 shares

On Feb. 4, 2015, Exec. VP and CFO David B Burritt bought 40,083 shares at an average price of $24.9. The price of the stock has increased by 5.86% since. United States Steel Corp has a market cap of $3.83 billion and its shares were traded at around $26.36. The company has a P/E ratio of 39.60 and P/S ratio of 0.22 with a dividend yield of 0.76%.

United States Steel Corp announced its 2014 third-quarter results with revenues of $4.6 billion and gross profit of $739 million; the net income was $207 million. The 2013 total revenue was $17.42 billion, a 10% decrease from the 2012 total revenue. The 2013 gross profit was $1.41 billion, a 17% decrease from the 2012 gross profit. The 2013 net income was $1.67 billion.

On Nov. 11, 2014, President and CEO Mario Longhi Filho bought 28,362 shares at an average price of $35.24. The price of the stock has decreased by 25.2% since. On Feb. 2, 2015, Director Patricia Diaz Dennis bought 1,000 shares at an average price of $24. The price of the stock has increased by 9.83% since. On Jan. 30, 2015, Director Robert J Stevens bought 1,000 shares at an average price of $22.86. The price of the stock has increased by 15.31% since.

Pennant Park Investment Corporation (PNNT, Financial): CFO and Treasurer Aviv Efrat bought 12,632 shares

On Feb. 9, 2015, CFO and Treasurer Aviv Efrat bought 12,632 shares at an average price of $9.54. The price of the stock has decreased by 1.47% since. Pennant Park Investment Corporation has a market cap of $705.873 million and its shares were traded at around $9.40. The company has a P/E ratio of 12.50 and P/S ratio of 4.25 with a dividend yield of 11.91%. Over the past 5 years, Pennant Park Investment Corporation had an annual average earnings growth of 43.20%.

Pennant Park Investment Corporation announced its 2014 fourth-quarter results with revenues and gross profit of $32.7 million; the net income was $23.95 million. The 2014 total revenue and gross profit was $127.68 million, a 12% increase from the 2012 total revenue. The 2014 net income was $110.98 million.

On Feb. 12, 2015, Investment Adviser Arthur H Penn bought 7,000 shares at an average price of $9.32. The price of the stock has increased by 0.86% since. On Feb. 11, 2015, Director Adam K Bernstein bought 2,750 shares at an average price of $9.16. The price of the stock has increased by 2.62% since. On Feb. 10, 2015, Director Samuel L Katz bought 17,492 shares at an average price of $9.44. The price of the stock has decreased by 0.42% since.

Atlantic Coast Financial Corp (ACFC, Financial): Int. CFO James D Hogan bought 5,000 shares

On Feb. 6, 2015, Int. CFO James D Hogan bought 5,000 shares at an average price of $3.95. Atlantic Coast Financial Corp has a market cap of $61.261 million and its shares were traded at around $3.95. The company has a P/S ratio of 2.05.

Atlantic Coast Financial Corp announced their 2014 fourth quarter results with revenues of $8.93 million; the net income was $453 thousand. The 2013 total revenue was $35.2 million, a 19% decrease from the 2012 total revenue. The 2013 net income was $11.41 million.

On Aug. 28, 2014, Director Kevin G Champagne bought 2,000 shares at an average price of $4.15. The price of the stock has decreased by 4.82% since. On Aug. 26, 2014, Director Kevin G Champagne bought 8,000 shares at an average price of $4.16. The price of the stock has decreased by 5.05% since. On Oct. 9, 2014, Director Devinder Bhasin sold 2,000 shares at an average price of $3.94. The price of the stock has increased by 0.25% since.