Weekly CFO Buys Highlight: Apache Corporation, Stag Industrial Inc., A M Castle & Co.

A weekly roundup of insider buys from CFOs

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Sep 07, 2015
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According to GuruFocus Insider Data, the recent CFO buys were: Apache Corporation (APA, Financial), Stag Industrial Inc. (STAG, Financial), and A M Castle & Co. (CAS, Financial).

Apache Corporation: Executive Vice President and CFO Stephen J Riney bought 6,000 shares

On Aug. 26, Executive Vice President and CFO Stephen J Riney bought 6,000 shares at an average price of $39.54. The price of the stock has increased by 7.49%. Apache Corporation has a market cap of $17.1 billion and its shares were traded at around $42.50. The company has a P/S ratio of 1.53 with a dividend yield of 2.35%. Over the past 10 years, Apache Corporation had an annual average earnings growth of 6.00%. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.

Apache Corporation announced its 2015 second-quarter results with revenues of $1.78 billion and gross profit of $1.33 billion; the net income was $5.56 billion. The 2014 total revenue was $13.75 billion, a 14% decrease from the 2013 total revenue. The 2014 gross profit was $11.0 billion, a 14% decrease from the 2013 gross profit. The 2014 net income was $5.06 billion.

On April 15, Executive Advisor to CEO Rodney J Eichler sold 5,300 shares at an average price of $71.35. The price of the stock has decreased by 40.43%. On Aug. 27, Exec. Vice President Margery M Harris bought 1,115 shares at an average price of $42. The price of the stock has increased by 1.19%. On Aug. 26, Director William C Montgomery bought 5,000 shares at an average price of $39.9. The price of the stock has increased by 6.52%.

Stag Industrial Inc.: CFO, EVP and Treasurer Geoffrey G Jervis bought 6,000 shares

On Sept. 1, CFO, EVP and Treasurer Geoffrey G Jervis bought 6,000 shares at an average price of $16.85. The price of the stock has increased by 1.01%. Stag Industrial Inc. has a market cap of $1.16 billion and its shares were traded at around $17.02. The company has a P/S ratio of 5.37 with a dividend yield of 7.90%.

Stag Industrial Inc. announced its 2015 second-quarter results with revenues of $52.84 million and gross profit of $42.77 million; the net income was $4.83 million. The 2014 total revenue was $173.82 million, a 30% increase from the 2013 total revenue. The 2014 gross profit was $140.43 million, a 28% increase from the 2013 gross profit. The 2014 net income was $4.03 million.

On June 10, Chairman, CEO and President Benjamin S Butcher sold 2,001 shares at an average price of $21.08. The price of the stock has decreased by 19.26%. On Aug. 25, Director Larry T Guillemette bought 1,750 shares at an average price of $17.93. The price of the stock has decreased by 5.08%. On Jul. 29, EVP, GC and Secretary Jeffrey M Sullivan bought 5,300 shares at an average price of $18.83. The price of the stock has decreased by 9.61%.

A M Castle & Co: EVP, CFO and Treasurer Patrick R. Anderson bought 10,000 shares

On Aug. 31, EVP, CFO and Treasurer Patrick R. Anderson bought 10,000 shares at an average price of $2.88. The price of the stock has decreased by 5.21%. A M Castle & Co has a market cap of $65.863 million and its shares were traded at around $2.73. The company has a P/S ratio of 0.07.

A M Castle & Co announced its 2015 second-quarter results with revenues of $199.7 million and gross profit of $3.62 million; the net income was $58.92 million. The 2014 total revenue was $979.84 million, a 7% decrease from the 2013 total revenue. The 2014 gross profit was $92.84 million, a 30% decrease from the 2013 gross profit. The 2014 net income was $134.7 million.

On Aug. 19, 10% Owner House Capital Management Stone bought 500,000 shares at an average price of $3.26. The price of the stock has decreased by 16.26%. On Aug. 12, Director, 10% Owner Reuben Simpson Donnelley bought 14,890 shares at an average price of $3.44. The price of the stock has decreased by 20.64%.