Weekly CFO Buys Highlight

Insiders invest in Layne Christensen, MMA Capital, Kingsway Financial

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Apr 19, 2017
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According to GuruFocus Insider Data, the recent chief financial officer buys were: Layne Christensen Co. (LAYN, Financial), MMA Capital Management LLC (MMAC, Financial) and Kingsway Financial Services Inc. (KFS, Financial).

Layne Christensen CFO bought 2,000 shares

CFO and Senior Vice President J. Michael Anderson bought 2,000 shares for an average price of $7.93 per share on April 13. The stock price has increased by 1.01% since then.

Layne Christensen has a market cap of $158.650 million and its shares were trading around $8.01. The company has a price-sales (P/S) ratio of 0.27.

Layne Christensen announced its first-quarter 2017 results with revenues of $129.62 million and gross profit of $14.24 million. The net loss was $33.08 million. The 2016 total revenue was $601.97 million, a 12% decrease from 2015 total revenue. The 2016 gross profit was $99.92 million, a 12% decrease from the gross profit the year before. Net loss was $52.24 million in 2016.

MMA Capital Management CFO bought 200 shares

CFO David C. Bjarnason bought 200 shares for an average price of $23.4 per share on April 11. Since then, the stock price has decreased by 1.07%.

MMA Capital has a market cap of $135.140 million and its shares were trading around $23.15. The company has a price-earnings (P/E) ratio of 3.54 and P/S ratio of 6.29. Over the past five years, MMA Capital had an annual average earnings growth of 32%.

MMA Capital announced revenues and gross profit of $5.92 million in its fourth-quarter 2016 results while net income was $15.61 million. The 2016 total revenue and gross profit was $26.35 million, a 13% increase from the 2015 total revenue and gross profit. Net income was $33.97 million in 2016.

CEO and President Michael L. Falcone bought 500 shares for an average price of $23.38 per share on April 13. The stock price has decreased by 0.98% since then. On April 11, Executive Vice President Gary A. Mentesana bought 400 shares for an average price of $23.4 per share. Since then, the stock price has decreased by 1.07%. On March 28, Director Lisa Marie Roberts bought 1,000 shares for an average price of $23.24 per share. The stock price has decreased by 0.39% since then.

Kingsway Financial Services CFO bought 266 shares

CFO and Executive Vice President William August Hickey Jr. bought 266 shares for an average price of $5.61 per share on April 17. The stock price has decreased by 0.53% since then.

Kingsway Financial has a market cap of $119.730 million and its shares were trading around $5.58. The company has a P/E ratio of 743.67 and P/S ratio of 0.67.

Kingsway Financial Services announced its fourth-quarter 2016 results with revenues of $52.79 million and gross profit of $11.39 million. Net income was $1.22 million. The 2016 total revenue was $176.63 million, a 10% increase from total revenue in 2015. The 2016 gross profit was $42.46 million, a 4% decrease from 2015 gross profit. The 2016 net loss was $214 thousand.

CEO Larry G. Swets Jr. bought 371 shares for an average price of $5.61 per share on April 17. That same day, President and Chief Operating Officer John Taylor Maloney Fitzgerald bought 111 shares for an average price of $5.61 per share. Vice President Hassan Baqar bought 126 shares for an average price of $5.61 that day as well. Since then, the stock price has decreased by 0.53%.

Disclosure: None.

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