Christopher Eperjesy (Insider Trades), CFO of Arctic Cat Inc. (ACAT), bought 4,000 shares of the company on Oct. 23. The average price per share was $18.05, for a total transaction of $72,200.
Arctic Cat engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles, as well as related parts, garments and accessories under the Arctic Cat and Motorfist brand names. The company has a market cap of $267.48 million and a P/S ratio of 0.40.
The number and volume of Arctic Cat insider buys increased, while the number and volume of Arctic Cat insider sells decreased from 2012 to 2015. There were 31 insider sells totaling 877,974 shares in 2012, but only one insider sell of 6,669 shares from January to October. Also, there were three insider buys totaling 5,000 shares in 2012, compared to seven insider buys of the company, amounting to 25,200 shares in 2015. Eperjesy made only one transaction of 4,000 shares with the company since January 2004. Christopher Metz (Insider Trades), president and CEO of Arctic Cat, bought 7,500 shares of the company on Oct. 23. The average price per share was $16.96.
Like Eperjesy, this is Metz’s only transaction with Arctic Cat since January 2004. Paul Fischer (Insider Trades), vice president of Operations at Arctic Cat, also bought 6,000 shares of the company on Oct. 23; the average per share price was $17.82. Fischer sold 2,169 shares of the company in two previous transactions, the earliest transaction decreasing by about 60% in price since then. The number and volume of insider buys is inversely related to month end price. 
For more information about insider trades with Arctic Cat Inc., click here.
Arctic Cat reported net earnings of $11.171 million, or 86 cents per share for the fiscal second quarter of 2016, ended on Sept. 30. Net earnings is down in comparison to $15.389 million, or $1.19 per share reported by the company in the corresponding quarter of the previous year. Gross profit is also down from $55.081 million, to $43.918 million during the same period of time. Annual gross profit increased 4.82%, and annual net income decreased 15.38% since 2010. Arctic Cat declared a quarterly dividend of $0.125 per share of common stock payable on Dec. 11 to shareholders of record as of close of business on Nov. 27. On Sept. 30 Arctic Cat announced a sponsorship of Patriots and Heroes Outdoors, a nonprofit organization that provides outdoor activities and sporting events for Purple Heart recipients and military members with service-related injuries, in appreciation of their sacrifice. Arctic Cat will donate recreational off-highway vehicles for use by participants in PHO organized hunting trips, and the company will also donate products for auction at PHO’s annual fundraiser, with proceeds benefiting PHO. The company also announced the plan to move its headquarters from Plymouth, Minn., to downtown Minneapolis. The move is taking place in order to accommodate growth, and the company anticipates occupying the new headquarters starting in the summer of 2016.
According to GuruFocus.com information, Arctic Cat Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Jim Simons (Trades, Portfolio) increased his stake in the company, while Joel Greenblatt (Trades, Portfolio) decreased his stake in the second quarter of 2015. Simons bought 99,300 shares of the company for an average price of $34.78 per share after selling out 69,400 shares for $35.01 per share in the previous quarter. Joel Greenblatt (Trades, Portfolio) sold out 22,440 shares of Arctic Cat for an average price of $34.78 per share after reducing his stake in the company by 30.33% in the previous quarter. For more information about guru transactions with Arctic Cat, click here.
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