Weekly CFO Buys Highlights

Insiders invest in Martin Midstream Partners, LightPath Technologies, MMA Capital Management

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Jan 17, 2017
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According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were: Martin Midstream Partners LP (MMLP, Financial), LightPath Technologies Inc. (LPTH, Financial) and MMA Capital Management LLC (MMAC, Financial).

Martin Midstream Partners CFO bought 345 shares

Executive Vice President and CFO Robert D. Bondurant bought 345 shares for $18.91 per share on Jan. 9. The stock price has decreased by 4.34%.

Martin Midstream Partners has a market cap of $641.380 million, and its shares were traded around $18.09. The company has a price-earnings (P/E) ratio of 75.39 and price-sales (P/S) ratio of 0.75. Martin Midstream Partners' trailing 12-month dividend yield is 16.24% while the forward dividend yield is 16.64%. Over the past 10 years, Martin Midstream Partners had an annual average earnings growth of 0.30%.

Martin Midstream Partners reported revenues of $174.54 million and gross profit of $78.83 million while the net loss was $933,000 in third-quarter 2016. The 2015 total revenue was $1.04 billion, a 37% decrease from the 2014 total revenue. The 2015 gross profit was $395.45 million, a 9% increase from the 2014 gross profit. The 2015 net income was $38.38 million.

President, CEO and 10% owner Ruben S. Martin bought 866 shares, and Executive Vice President and Chief Operating Officer Randall Tauscher bought 138 shares on Jan. 9; both transactions were made for $18.91 per share. The stock price has decreased by 4.34%.

LightPath Technologies CFO bought 710 shares

CFO Dorothy M. Cipolla bought 710 shares for $1.39 per share on Jan. 6. The stock price has increased by 30.22%.

LightPath Technologies has a market cap of $42.820 million, and its shares were traded around $1.81. The company has a P/E ratio of 60.33 and P/S ratio of 1.67.

LightPath Technologies announced its 2016 third-quarter results with revenues of $5 billion and gross profit of $2.83 billion while the net income was $140.50 million. The 2016 total revenue was $17.27 billion, a 26% increase from the 2015 total revenue. The 2016 gross profit was $9.3 billion, a 56% increase from the 2015 gross profit. The 2016 net income was $1.41 billion.

President and CEO Joseph J. Gaynor Jr. bought 2,014 shares, and Executive Vice President-Operations Alan Symmons bought 719 shares on Jan. 6; both transactions were made for $1.39 per share. The stock price has increased by 30.22%.

Director Steven R.J. Brueck bought 24,793 shares for $1.21 per share on Dec. 21. The stock price has increased by 49.59%.

MMA Capital Management CFO bought 200 shares

CFO David C. Bjarnason bought 200 shares for $20.25 per share on Jan. 12. The stock price has decreased by 0.25%.

MMA Capital Management has a market cap of $120.430 million, and its shares were traded around $20.20. The company has a P/E ratio of 4.06 and P/S ratio of 5.88. Over the past five years, MMA Capital Management LLC had an annual average earnings growth of 62.60%.

MMA Capital Management announced revenues and gross profit of $7.9 million in its 2016 third-quarter results while the net income was $660,000. The 2015 total revenue and gross profit was $22.48 million, a 27% decrease from the 2014 total revenue and gross profit. The 2015 net loss was $3.51 million.

CEO and President Michael L. Falcone bought 250 shares, and Executive Vice President Gary A. Mentesana bought 1,500 shares on Jan. 12; both purchases were made for $20.15 per share. The stock price has increased by 0.25%.

Disclosure: None.

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