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Myra Ramdenbourg
Myra Ramdenbourg
Articles (269) 

Weekly CFO Buys Highlight

Insiders invest in Layne Christensen, MMA Capital, Kingsway Financial

April 19, 2017 | About:

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

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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