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Myra Ramdenbourg
Myra Ramdenbourg
Articles (308) 

Weekly CFO Buys Highlights

Insiders invest in GlassBridge Enterprises,Cherry Hill Mortgage and Rave Restaurant Group

April 04, 2017 | About:

According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were: GlassBridge Enterprises Inc. (GLA), Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) and Rave Restaurant Group Inc. (NASDAQ:RAVE).

GlassBridge Enterprises CFO bought 3,500 shares

Interim CEO and CFO Danny Zheng bought 3,500 shares for $4.17 per share on March 28. The stock price has increased by 3.36%.

GlassBridge Enterprises has a market cap of $21.290 million, and its shares were traded around $4.31. The company has a price-sales (P/S) ratio of 0.37.

GlassBridge Enterprises announced its 2016 fourth-quarter results with revenue of $11.3 million and gross profit of $5.1 million while the net loss was $21.4 million. The 2016 total revenue was $44.1 million, a 30% decrease from the 2015 total revenue. The 2016 gross profit was $19.4 million, a 21% decrease from the 2015 gross profit. The 2016 net loss was $125.2 million.

George E. Hall bought 81,957 shares for $5.26 per share on March 29. The stock price has decreased by 18.06%.

Cherry Hill Mortgage Investment CFO bought 2,000 shares

CFO Martin Levine bought 2,000 shares for $16.48 per share on March 24. The stock price has increased by 5.4%.

Cherry Hill Mortgage Investment has a market cap of $220.610 million, and its shares were traded around $17.37. The company has a price-earnings (P/E) ratio of 5.27 and P/S ratio of 3.41. The trailing 12-month dividend yield of Cherry Hill Mortgage Investment stocks is 11.30% while the forward dividend yield is 11.36%.

Cherry Hill Mortgage Investment announced its 2016 fourth-quarter results with revenue of $2.15 million and gross profit of $1.13 million while the net income was $26.17 million. The 2016 total revenue was $7.58 million, a 341% increase from the 2015 total revenue. The 2016 gross profit was $5.02 million, a 424% increase from the 2015 gross profit. The 2016 net income was $24.83 million.

Chief Investment Officer Julian Evans bought 1,000 shares for $16.5 per share on March 24. The stock price has increased by 5.27%. President Jeffrey B. Lown bought 750 shares for $16.5 per share on March 23. The stock price has increased by 5.27%.

Rave Restaurant Group CFO bought 1,000 shares

CFO Timothy E. Mullany bought 1,000 shares for $1.98 per share on March 27. The stock price has increased by 7.58%. Rave Restaurant Group has a market cap of $22.700 million, and its shares were traded around $2.13. The company has a P/S ratio of 0.39.

Rave Restaurant Group announced its 2016 fourth-quarter results with revenue of $14.79 million and gross profit of $1.42 million while the net loss was $7.93 million. The 2016 total revenue was $60.81 million, a 26% increase from the 2015 total revenue. The 2016 gross profit was $7.51 million, a 9% increase from the 2015 gross profit. The 2016 net loss was $8.89 million.

President and CEO Scott Crane bought 26,563 shares for $1.91 per share on March 23. The stock price has increased by 11.52%.

Disclosure: None.

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