Weekly CFO Buys Highlight

Recent buys from company CFOs

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Apr 03, 2018
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According to GuruFocus Insider Data, the recent CFO buys were: Photronics Inc. (PLAB, Financial) and Kingsway Financial Services Inc. (KFS, Financial).

Photronics Inc. (PLAB, Financial): SVP and CFO John P. Jordan bought 1,000 shares

SVP and CFO John P. Jordan bought 1,000 shares for $8.50 per share on March 23. Since then, the stock price has decreased by 6.47%. Photronics Inc. has a market cap of $555.54 million and its shares were traded around $7.95. The company has a P/E ratio of 30.57 and P/S ratio of 1.20. Over the past five years, Photronics Inc. had an annual average earnings growth of 1.80%.

Photronics announced its first-quarter results with revenue of $123.45 million and gross profit of $27.66 million, while the net income was $5.90 million. The 2017 total revenue was $450.68 million, a 7% decrease from 2016. The 2017 gross profit was $91.32 million, a 23% decrease from the year prior. The 2017 net income was $13.13 million.

Director Mitchell G. Tyson sold 1,040 shares for $8.5 per share on March 27. Since then, the stock price has decreased by 6.47%.

Kingsway Financial Services Inc. (KFS, Financial): CFO and EVP William August Hickey Jr. bought 382 shares

CFO and EVP William August Hickey Jr. bought 382 shares for $3.93 per share on April 2. Since then, the stock price has decreased by 2.54%. Kingsway Financial Services Inc. has a market cap of $90.100 million and its shares were traded around $3.83. The company has a P/S ratio of 0.41. Over the past five years, Kingsway Financial Services Inc. had an annual average earnings growth of 30.80%.

Kingsway Financial Services announced its fourth-quarter results with revenue of $49.54 million and gross profit of $571,000, while the net loss was $3.73 million. The 2017 total revenue was $193.19 million, a 9% increase from 2016. The 2017 gross profit was $42.21 million, a 0.6% decrease from the year prior. The 2017 net loss was $13.35 million.

CEO Larry G. Swets Jr. bought 530 shares for $3.93 per share on April 2. Since then, the stock price has decreased by 2.54%. Senior Officer Hassan Raza Baqar, bought 254 shares for $3.93 per share on April 2. Since then, the stock price has decreased by 2.54%. Director, Senior Officer John Taylor Malone Fitzgerald, bought 424 shares for $3.93 per share on April 2. Since then, the stock price has decreased by 2.54%.

Disclosure: None.