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Myra Ramdenbourg
Myra Ramdenbourg
Articles (314) 

Weekly CFO Buys Highlight

recent buys from company CFOs

October 22, 2017 | About:

According to GuruFocus Insider Data, the recent CFO buys were: CUI Global Inc. (NASDAQ:CUI), Vuzix Corporation (NASDAQ:VUZI), and Kingsway Financial Services Inc. (NYSE:KFS).

CUI Global Inc.: CFO Daniel Ned Ford bought 12,500 shares

CFO Daniel Ned Ford bought 12,500 shares for $2.8 per share on Oct. 19. The stock price has increased by 13.21%. CUI Global Inc. has a market cap of $66.557 million and its shares were traded around $3.17. The company has a P/S ratio of 0.77.

CUI Global announced its second-quarter results with revenue of $22.5 million and gross profit of $8.22 million, while the net loss was $1.57 million. The 2016 total revenue was $86.46 million, a 0.3% increase from 2015. The 2016 gross profit was $32.26 million, which has no change from the year prior. The 2016 net loss was $7.27 million.

President/CEO William J Clough bought 5,000 shares for $2.8 per share on Oct. 19. The stock price has increased by 13.21%.

Vuzix Corporation: CFO and Executive VP Grant Russell bought 2,000 shares

CFO and Executive Vice President Grant Russell bought 2,000 shares for $5.54 per share on Oct. 13. The stock price has declined 2.53% since then. Vuzix Corporation has a market cap of $114.200 million and its shares were traded around $5.15. The company has a P/S ratio of 26.54.

Vuzix posted second-quarter results with revenues of $1.33 billion and a gross loss of $429.49 million, while the net loss was $4.07 billion. The total revenue was $2.13 billion in 2016, a 23% decrease from 2015. The gross loss was $1.16 billion in 2016, a 305% decrease from the year before. The 2016 net loss was $19.25 million.

President and CEO Paul J. Travers bought 2,300 shares for $5.45 per share on Sept. 28. Since then, the stock price has fallen 0.92%. Chief Operating Officer Paul A. Boris bought 5,000 shares for $5.2 per share on Oct. 4. The stock price has increased by 3.85% since then.

Kingsway Financial Services Inc.: CFO and EVP William August Hickey Jr bought 250 shares

CFO and EVP William August Hickey Jr bought 250 shares for $6.03 per share on Oct. 13. The stock price has decreased by 6.3%. Kingsway Financial Services Inc. has a market cap of $133.156 million and its shares were traded around $5.65. The company has a P/S ratio of 0.61.

CEO Larry G Jr Swets bought 346 shares for $6.03 per share on Oct. 13. The stock price has decreased by 6.3%. President and COO John Taylor Maloney Fitzgerald bought 276 shares for $6.03 per share on Oct. 13. The stock price has decreased by 6.3%. Vice President Hassan Baqar bought 166 shares for $6.03 per share on Oct. 13. The stock price has decreased by 6.3%.

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