Weekly CFO Buys Highlight: Garrison Capital, Harsco, OneMain Holdings

Recent insider buys from company CFOs

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Mar 14, 2016
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According to GuruFocus Insider Data, the recent CFO buys were: Garrison Capital Inc. (GARS, Financial), Harsco Corp (HSC, Financial) and OneMain Holdings Inc. (OMF, Financial).

Garrison Capital Inc.: CFO and Treasurer Brian S Chase bought 8,100 shares

On March 9, Chase bought 8,100 shares at an average price of $10.04. The price of the stock has increased by 3.19%. Garrison Capital Inc. has a market cap of $168.384 million and its shares were traded around $10.36. The company has a P/S ratio of 3.38; the trailing 12-month dividend yield is 13.51%, while the forward dividend yield is 13.51%.

Garrison Capital announced its 2015 fourth-quarter results with revenues and gross profit of $9.59 million, while the net loss was $10.27 million. The 2015 total revenue and gross profit was $43.89 million, a 1% increase from the 2014 total revenue and gross profit. The 2015 net income was $3.66 million.

On March 9, CEO Joseph Bertrand Tansey bought 6,795 shares at an average price of $9.9. The price of the stock has increased by 4.65%. On March 9, Director Joseph Morea bought 500 shares at an average price of $9.92. The price of the stock has increased by 4.44%. On March 8, Director Bruce W Shewmaker bought 2,000 shares at an average price of $10.1. The price of the stock has increased by 2.57%.

Harsco Corp: SVP and CFO Peter Francis Minan bought 10,000 shares

On March 2, SVP and CFO Peter Francis Minan bought 10,000 shares at an average price of $3.66. The price of the stock has increased by 35.25%. Harsco Corp. has a market cap of $396.467 million and its shares were traded around $4.95. The company has a P/E ratio of 70.70 and P/S ratio of 0.23; the trailing 12-month dividend yield is 13.45%, while the forward dividend yield is 5.23%.

Harsco Corp. announced its 2015 fourth-quarter results with revenues of $387.43 million and gross profit of $89.18 million, while the net loss was $7.0 million. The 2015 total revenue was $1.72 billion, a 17% decrease from the 2014 total revenue. The 2015 gross profit was $366.73 million, a 13% decrease from the 2014 gross profit. The 2015 net income was $6.19 million.

On March 1, President and CEO F Nicholas Grasberger III bought 50,000 shares at an average price of $3.86. The price of the stock has increased by 28.24%. On Dec. 3, Senior Vice President Scott H Gerson sold 3,950 shares at an average price of $9.87. The price of the stock has decreased by 49.85%.

OneMain Holdings Inc.: EVP and CFO Scott T Parker bought 12,500 shares

On March 2, Parker bought 12,500 shares at an average price of $24.29. The price of the stock has increased by 13.71%. OneMain Holdings Inc. has a market cap of $3.72 billion and its shares were traded around $27.62. The company has a P/S ratio of 2.39.

OneMain Holdings announced its 2015 fourth-quarter results with revenues of $787 million, while the net loss was $219 million. The 2015 total revenue was $2.19 billion, a 22% decrease from the 2014 total revenue. The 2015 net loss was $242 million.

On March 1, President and CEO Jay N. Levine bought 20,000 shares at an average price of $22.99. The price of the stock has increased by 20.14%. On March 2, EVP Bradford D. Borchers bought 2,000 shares at an average price of $24.5. The price of the stock has increased by 12.73%. On March 2, EVP Robert Hurzeler bought 2,500 shares at an average price of $23.65. The price of the stock has increased by 16.79%.