Weekly CFO Buys Highlights

Recent purchases by company officers

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Nov 28, 2016
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According to GuruFocus, the recent chief financial officer (CFO) buys were: Pennant Park Investment Corp. (PNNT, Financial) and AgroFresh Solutions Inc. (AGFS, Financial).

Pennant Park Investment CFO bought 28,000 shares

CFO and Treasurer Aviv Efrat bought 28,000 shares for $7.08 per share on Nov. 23. The stock price has increased by 4.24%.

Pennant Park Investment has a market cap of $524.410 million, and its shares were traded around $7.38. Pennant Park Investment has a price-earnings (P/E) ratio of 27.34 and price-sales (P/S) ratio of 3.73. The trailing 12-month dividend yield is 15.18% while the forward dividend yield is 15.43%.

Pennant Park Investment announced its third-quarter results with revenues of $32.16 million and gross profit of $15.78 million while the net income was $27.71 million. The total revenue was $142.07 billion, a 12% decrease from the 2015 total revenue. The gross profit was $73.6 million, a 16% decrease from the 2015 gross profit. The 2016 net income was $18.74 million.

Chairman and CEO / Investment Arthur H. Penn bought 20,000 shares for $7.16 per share on Nov. 25. The stock price has increased by 3.07%.

AgroFresh Solutions CFO bought 10,000 shares

CFO Katherine Carolyn Harper bought 10,000 shares for $2.56 per share on Nov. 21. The stock price has increased by 14.06%.

AgroFresh Solutions has a market cap of $145.780 million, and its shares were traded around $2.92. The company has a P/S ratio of 1.43.

AgroFresh Solutions announced its 2016 third-quarter results with revenues of $61.2 million and gross profit of $52.3 million while the net income was $7.31 million. The 2015 total revenue was $163.76 billion, a 10% decrease from the 2014 total revenue. The 2015 gross profit was $61.38 million, a 59% decrease from the 2014 gross profit. The 2015 net loss was $28.49 million.

Director Nance K. Dicciani bought 5,000 shares for $2.22 per share on Nov. 16. The stock price has increased by 31.53%. Director Whiting Macauley Jr. bought 10,000 shares for $2.2 per share on Nov. 15. The stock price has increased by 32.73%. Vice President, R&D and Regulatory Affairs Mark W. Zettler bought 2,000 shares for $2.44 per share on Nov. 11. The stock price has increased by 19.67%.

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