Weekly CFO Buys Highlight: MGP Ingredients, WellCare Health Plans, 1-800 Flowers.com Inc.

Recent insider buys from company CFOs

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Dec 05, 2015
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According to GuruFocus Insider Data, the recent CFO buys were: MGP Ingredients Inc. (MGPI, Financial), WellCare Health Plans Inc. (WCG, Financial) and 1-800 Flowers.com Inc. (FLWS, Financial).

MGP Ingredients Inc.: Vice President and CFO K. Pigott Thomas bought 2,500 shares

On Nov. 23, Thomas bought 2,500 shares at an average price of $18.6. The price of the stock has increased by 19.78%. MGP Ingredients Inc. has a market cap of $371.660 million and its shares were traded at around $22.28. The company has a P/E ratio of 14.22 and P/S ratio of 1.18 with a dividend yield of 0.27%.

MGP Ingredients announced its 2015 third-quarter results with revenues of $80.33 million and gross profit of $11.86 million; the net income was $6.77 million. The 2014 total revenue was $313.4 million, a 3% decrease from the 2013 total revenue. The 2014 gross profit was $28.43 million, a 34% increase from the 2013 gross profit. The 2014 net income was $23.68 million.

On Aug. 11, President and CEO Augustus C. Griffin bought 5,000 shares at an average price of $16.18. The price of the stock has increased by 37.7%. On Aug. 25, Director M Jeannine Strandjord bought 5,000 shares at an average price of $14.93. The price of the stock has increased by 49.23%. On Aug. 11, Director John P. Bridendall bought 12,300 shares at an average price of $15.75. The price of the stock has increased by 41.46%.

WellCare Health Plans Inc.: SVP and CFO Andrew Lynn Asher bought 4,000 shares

On Nov. 23, Asher bought 4,000 shares at an average price of $80.71. The price of the stock has increased by 1.57%. WellCare Health Plans has a market cap of $3.62 billion and its shares were traded at around $81.98. The company has a P/E ratio of 32.19 and P/S ratio of 0.26.

WellCare Health Plans Inc. announced its 2015 third-quarter results with revenues of $3.44 billion and gross profit of $493.6 million; the net income was $36.4 million. The 2014 total revenue was $12.96 billion, a 36% increase from the 2013 total revenue. The 2014 gross profit was $1.50 billion, a 19% increase from the 2013 gross profit. The 2014 net income was $63.7 million.

On Sept. 15, Director Kevin F Hickey sold 2,088 shares at an average price of $96.43. The price of the stock has decreased by 14.98%. On Sept. 11, Chief Legal and Admin. Officer Blair Williams Todt sold 1,000 shares at an average price of $96. The price of the stock has decreased by 14.6%.

1-800 Flowers.com Inc.: CFO and SVP William E. Shea bought 5,000 shares

On Nov. 30, Shea bought 5,000 shares at an average price of $7.9. The price of the stock has increased by 2.28%. 1-800 Flowers.com Inc. has a market cap of $524.070 million and its shares were traded at around $8.08. The company has a P/E ratio of 27.99 and P/S ratio of 0.47. Over the past 5 years, 1-800 Flowers.com Inc. had an annual average earnings growth of 16.50%.

1-800 Flowers.com Inc. announced its 2015 third-quarter results with revenues of $156.04 million and gross profit of $67.51 million; the net income was $4.48 million. The 2015 total revenue was $1.12 billion, a 48% increase from the 2014 total revenue. The 2015 gross profit was $487.20 million, a 54% increase from the 2014 gross profit. The 2015 net income was $20.29 million.

On Dec. 1, Director Leonard J. Elmore sold 10,000 shares at an average price of $7.85. The price of the stock has increased by 2.93%. On June 11, President of BloomNet Mark Nance sold 9,008 shares at an average price of $10.15. The price of the stock has decreased by 20.39%. On June 11, General Counsel and SVP Gerard M. Gallagher sold 20,343 shares at an average price of $10.05. The price of the stock has decreased by 19.6%.