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Myra Ramdenbourg
Myra Ramdenbourg
Articles (350) 

Weekly CFO Buys Highlight

recent buys from company CFOs

August 27, 2017 | About:

According to GuruFocus Insider Data, the recent CFO buys were: Smart Sand Inc. (NASDAQ:SND) and JC Penney Co Inc. (NYSE:JCP).

Smart Sand Inc.: CFO Lee E Beckelman bought 20,000 shares

On Aug. 16, CFO Lee E Beckelman bought 20,000 shares at an average price of $5.13. The price of the stock has increased by 7.99%. Smart Sand Inc. has a market cap of $223.670 million and its shares were traded around $5.54. The company has a P/E ratio of 9.37 and P/S ratio of 2.15.

Smart Sand announced its second-quarter results with revenue of $29.79 million and gross profit of $8.39 million, while the net income was $2.63 million. The 2016 total revenue was $59.23 million, a 24% increase from 2015. The 2016 gross profit was $32.66 million, a 22% increase from the year prior. The 2016 net income was $10.38 million.

On Aug. 16, CEO, 10% Owner Charles Edwin Young bought 100,000 shares at an average price of $5.18. The price of the stock has increased by 6.95%. On Aug. 16, SEE REMARKS William John Young bought 2,000 shares at an average price of $5.03. The price of the stock has increased by 10.14%.

JC Penney Co Inc.: EVP, CFO Jeffrey A. Davis bought 50,000 shares

On Aug. 22, EVP, CFO Jeffrey A. Davis bought 50,000 shares at an average price of $3.62. The price of the stock has increased by 6.35%. JC Penney Co Inc. has a market cap of $1.19 billion and its shares were traded around $3.85. The company has a P/S ratio of 0.09.

JC Penney Co announced its second-quarter results with revenue of $2.71 billion and gross profit of $983 million, while the net loss was $180 million. The 2016 total revenue was $12.55 billion, a 0.6% decrease from 2015. The 2016 gross profit was $4.48 billion, a 2% decrease from the year prior. The 2016 net income was $1.0 million.

On Aug. 18, Chairman and CEO Marvin R Ellison bought 100,000 shares at an average price of $3.48. The price of the stock has increased by 10.63%. On Aug. 22, Director Javier G Teruel bought 135,135 shares at an average price of $3.64. The price of the stock has increased by 5.77%. On Aug. 21, Director Paul J Brown bought 25,000 shares at an average price of $3.62. The price of the stock has increased by 6.35%.

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