Weekly CFO Buys Highlight: KB Home, Royce Focus Trust Inc., NAIC Growth Fund Inc.

Weekly CFO Buy Highlights: KBH, FUND, GRF

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Oct 24, 2009
According to GuruFocus Insider Data, the largest CFO buys during the past week were KB Home (KBH, Financial), Royce Focus Trust Inc. (FUND, Financial), and NAIC Growth Fund Inc (GRF, Financial).


KB Home (KBH): EVP and CFO Raymond Silcock Bought 30,000 Shares


EVP and CFO of KB Home (KBH) Raymond Silcock bought 30,000 shares on 10/14/2009 at an average price of $15.69. KB Home is a builder of single-family homes with domestic operations in several western states and international operations in France. Domestically the company builds innovatively designed homes which cater primarily to first-time homebuyers generally in medium-sized developments close to major metropolitan areas. Internationally the company also builds commercial projects and high density residential properties such as condominium complexes. Kb Home has a market cap of $1.28 billion; its shares were traded at around $15.8 with and P/S ratio of 0.4. The dividend yield of Kb Home stocks is 1.7%.


KB Home recently announced financial results for the third quarter 2008. Revenues totaled $458.5 million, down 33% from $681.6 million in the third quarter of 2008, due to lower housing revenues. The Company generated a net loss of $66.0 million, or $.87 per diluted share, in the third quarter of 2009. In the 2008 third quarter, the Company reported a net loss of $144.7 million, or $1.87 per diluted share.


KBH is in the portfolios of Charles Brandes of Brandes Investment.


Buy:: EVP and CFO on 10/14/2009Raymond Silcock bought 30,000 shares of KBH stock at the average price of 15.69, the price of the stock has increased by 0.7% since


Royce Focus Trust Inc. (FUND): COO & CFO - Investment Advisor John D Diederich Bought 1,000 Shares



COO & CFO - Investment Advisor of Royce Focus Trust Inc. (FUND) John D Diederich bought 1,000 shares on 10/20/2009 at an average price of $6.12. ROYCE FOCUS TRUST is registered as a diversified closed-end investment company. Their goal is to offer both individual and institutional investors the best available small-cap value portfolios. The Trust concentrates on small-company value investing by providing investors with a range of funds that take full advantage of this large and diverse sector. Royce Focus Trust Inc. has a market cap of $110.3 million; its shares were traded at around $6.02 .


Buy:: VP - Investment Advisor on 08/06/2009W Whitney George bought 5,645 shares of FUND stock at the average price of 4.72, 8,534 shares of FUND stock at the average price of 5, 10,200 shares of FUND stock at the average price of 5.53, 10,200 shares of FUND stock at the average price of 5.53, 24,700 shares of FUND stock at the average price of 5.52, and 20,000 shares of FUND stock at the average price of 5.58, the price of the stock has increased by 7.89% since


NAIC Growth Fund Inc (GRF): CFO and COO David C Sims Bought 900 Shares


CFO and COO of NAIC Growth Fund Inc (GRF) David C Sims bought 900 shares on 10/19/2009 at an average price of $5.55. Naic Growth Fund Inc has a market cap of $24.5 million; its shares were traded at around $6 . The dividend yield of Naic Growth Fund Inc stocks is 1.4%.


NAIC Growth Fund Inc. declared a year-end cash dividend of $0.3512 per share. The record date for this dividend is December 12, 2008, and the payment date is December 26, 2008. This dividend represents the combination of long-term capital gains of $0.2579 per share, short-term capital gains of $0.0408 per share and ordinary income of $0.0525 per share. The ordinary income is derived entirely from “qualified” dividends for Federal income tax purposes.


Sell:: President and CEO on 09/04/2009Luke E Sims sold 4,999 shares of GRF stock at the average price of 5.27, the price of the stock has increased by 13.85% since


For the complete list of stocks that bought by their CFOs, go to: Insider Buys.