Weekly CFO Buys Highlight

Recent buys from company CFOs

Author's Avatar
Aug 16, 2018
Article's Main Image

According to GuruFocus Insider Data, the recent CFO buys were: Maxwell Technologies Inc. (MXWL, Financial), Scientific Games Corp (SGMS, Financial), and RiceBran Technologies (RIBT, Financial).

Maxwell Technologies Inc. (MXWL, Financial): CFO David Lyle bought 30,700 shares

CFO David Lyle bought 30,700 shares for $3.25 per share on Aug. 10. Since then, the stock price has increased by 18.46%. Maxwell Technologies Inc. has a market cap of $146.890 million and its shares were traded around $3.85. The company has a P/S ratio of 1.19.

The company posted its second-quarter revenue of $29.46 million and gross profit of $5.43 million, while the net loss was $11.3 million. The total revenue in 2017 was $130.37 million, an 8% increase from 2016. The gross profit was $29.44 million, an 11% decrease from the year prior. The net loss was $43.13 million.

CEO Franz Fink bought 400,000 shares for $3.25 per share on Aug. 10. Since then, the stock price has increased by 18.46%. Director Ilya Golubovich bought 369,100 shares for $3.25 per share on Aug. 10. Since then, the stock price has increased by 18.46%. Director Burkhard Goeschel bought 46,000 shares for $3.25 per share on Aug. 10. Since then, the stock price has increased by 18.46%.

Scientific Games Corp. (SGMS, Financial): EVP, CFO, Treasurer and Corporate Secretary Michael Quartieri bought 10,000 shares

EVP, CFO, Treasurer and Corporate Secretary Michael Quartieri bought 10,000 shares for $33.4 per share on Aug. 9. Since then, the stock price has decreased by 12.28%. Scientific Games Corp has a market cap of $2.68 billion and its shares were traded around $29.30. The company has a P/S ratio of 0.81.

The company posted its second-quarter revenue of $844.7 million and gross profit of $528.8 million, while the net loss was $5.8 million. The total revenue in 2017 was $3.08 billion, a 7% increase from 2016. The gross profit was $1.92 billion, an 8% increase from the year prior. The net loss was $242.3 million.

President and CEO Barry L. Cottle bought 10,000 shares for $33.24 per share on Aug. 9. Since then, the stock price has decreased by 11.85%. Director, 10% Owner Ronald O. Perelman bought 175,000 shares for $31.73 per share on Aug. 13. Since then, the stock price has decreased by 7.66%.

RiceBran Technologies (RIBT, Financial): COO and CFO Brent Robert Rystrom bought 10,000 shares

COO and CFO Brent Robert Rystrom bought 10,000 shares for $2.53 per share on Aug. 7. Since then, the stock price has increased by 16.21%. RiceBran Technologies has a market cap of $71.320 million and its shares were traded around $2.94. The company has a P/S ratio of 3.36. Over the past 10 years, RiceBran Technologies had an annual average earnings growth of 37.30%.

For the second quarter, RiceBran recorded revenue of $3.20 million and gross profit of $663,000, while the net loss was $2.16 million. Total revenue for 2017 was $13.36 million, a 3% increase from 2016. The gross profit was $3.79 million, a 21% increase from the year before. The net loss was $4.53 million.

Director Henk Hoogenkamp bought 5,000 shares for $2.92 per share on Aug. 15. Since then, the stock price has increased by 0.68%. 10% Owner Grain Co. Continental bought 93,344 shares for $2.73 per share on Aug. 14. Since then, the stock price has increased by 7.69%. Director David Goldman bought 10,000 shares for $2.81 per share on Aug. 10. Since then, the stock price has increased by 4.63%.

Disclosure: none.