Weekly CFO Buys Highlight

Insiders invest in ITUS, Energy Transfer Partners and PolarityTE

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Sep 25, 2018
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According to GuruFocus insider data, the recent chief financial officer buys were ITUS Corp (ITUS, Financial), Energy Transfer Partners LP (ETP, Financial) and PolarityTE Inc. (PTE, Financial).

ITUS chief operationg officer and CFO bought 2,250 Shares

COO and CFO Michael Catelani bought 2,250 shares for $4.45 per share on Sept. 18. Since then, the stock price has increased by 5.39%. ITUS has a market cap of $87.670 million and its shares were trading around $4.69. The company has a price-sales ratio of 72.15. Over the last 10 years, ITUS had an annual average earnings growth of 15.10%.

The company announced its second-quarter results with revenue of $362,500 and gross profit of $121.3 million, while the net loss was $5.48 billion. The 2017 total revenue was $362,500, a 21% increase from 2016. The gross profit was $271.05 million, a 44% increase from the year prior. The net loss was $5.01 billion.

CEO Amit Kumar bought 3,000 shares for $4.08 per share on Sept. 14. Since then, the stock price has increased by 14.95%. Director Lewis H. Titterton Jr. bought 5,000 shares for $3.98 per share on Sept. 14. Since then, the stock price has increased by 17.84%.

Energy Transfer Partners CFO bought 10,000 Shares

CFO Thomas E. Long bought 10,000 shares for $22.33 per share on Sept. 14. Since then, the stock price has declined 0.13%. Energy Transfer Partners has a market cap of $28.27 billion and its shares were trading around $22.30. The company has a price-earnings ratio of 19.42 and a price-sales ratio of 0.77. The trailing 12-month dividend yield is 10.15%, while the forward dividend yield is 10.05%. Over the past decade, Energy Transfer Partners had an annual average earnings growth of 2%.

The company announced its second-quarter results with revenue of $9.41 billion and gross profit of $1.67 billion, while the net income was $30 million. The 2017 total revenue was $29.05 billion, a 33% increase from 2016. The gross profit was $6.17 billion, a 24% increase from the year prior. The net income was $1.91 billion.

CEO Kelcy L. Warren bought 2,000,000 shares for $22.42 per share on Sept. 10. Since then, the stock price has fallen 0.54%.

PolarityTE CFO bought 20,000 Shares

CFO Paul Elliot Mann bought 20,000 shares for $17.24 per share on Sept. 18. Since then, the stock price has increased by 22.51%. PolarityTE has a market cap of $453.570 million and its shares were trading around $21.12. The company has a price-sales ratio of 918.27.

PolarityTE announced its second-quarter results with revenue of $416,000 and gross profit of $187,000, while the net loss was $17.25 million.

COO Edward Winslow Swanson bought 500 shares for $17.27 per share on Sept. 18. Since then, the stock price has increased by 22.29%. Director Rainer M. Erdtmann bought 6,680 shares for $17.42 per share on Sept. 14. Since then, the stock price has increased by 21.24%.

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