According to GuruFocus Insider Data, the recent CFO buys were: McDermott International Inc. (MDR, Financial), Front Yard Residential Corp (RESI, Financial) and Encore Capital Group Inc. (ECPG, Financial).
McDermott International Inc. (MDR, Financial): EVP and CFO Stuart Spence bought 25,000 shares
EVP and CFO Stuart Spence bought 25,000 shares for $9.98 per share on Nov. 6. Since then, the stock price has decreased by 23.75%. McDermott International Inc. has a market cap of $1.37 billion and its shares were traded around $7.61. The company has a price-earnings ratio of 8.03 and price-sales ratio of 0.22.
McDermott International announced its third-quarter results with revenue of $2.29 billion and gross profit of $303 million, while the net income was $2.0 million. The 2017 total revenue was $2.98 billion, a 13% increase from 2016. The 2017 gross profit was $535.33 million, a 39% increase from the year prior. The 2017 net income was $178.55 million.
President and CEO David Dickson bought 39,800 shares for $9.96 per share on Nov. 6. Since then, the stock price has decreased by 23.59%. SVP, Middle East and North Africa Linh Austin bought 10,000 shares for $8.92 per share on Nov. 9. Since then, the stock price has decreased by 14.69%. Director William H. Schumann bought 10,000 shares for $10.18 per share on Nov. 8. Since then, the stock price has decreased by 25.25%.
Front Yard Residential Corp. (RESI, Financial): CFO Robin N. Lowe bought 12,000 shares
CFO Robin N. Lowe bought 12,000 shares for $8.19 per share on Nov. 9. Since then, the stock price has increased by 7.45%. Front Yard Residential Corp. has a market cap of $471.950 million and its shares were traded around $8.80. The company has a price-sales ratio of 3. The trailing 12-month dividend yield of Front Yard Residential Corp. stocks is 6.82%, while the forward dividend yield is 7.09%.
Front Yard Residential Corp. announced its third-quarter results with revenue of $48.31 million and gross profit of $23.52 million, while the net loss was $47.93 million. The 2017 total revenue was $94.17 million, a 66% increase from 2016. The 2017 gross loss was $25.36 million, a 64% increase from the year prior. The 2017 net loss was $185.45 million.
CEO George G. Ellison bought 27,900 shares for $8.31 per share on Nov. 12. Since then, the stock price has increased by 5.9%. Director George Whitfield McDowell bought 3,300 shares for $8.25 per share on Nov. 12. Since then, the stock price has increased by 6.67%. Chief Accounting Officer Rene Dittrich bought 6,600 shares for $8.4 per share on Nov. 9. Since then, the stock price has increased by 4.76%.
Encore Capital Group Inc. (ECPG, Financial): EVP, CFO and Treasurer Jonathan C. Clark bought 20,000 shares
EVP, CFO and Treasurer Jonathan C. Clark bought 20,000 shares for $24.04 per share on Nov. 9. Since then, the stock price has increased by 11.98%. Encore Capital Group Inc. has a market cap of $830.560 million and its shares were traded around $26.92. The company has a price-earnings ratio of 8.99 and price-sales ratio of 0.55. Over the past 10 years, Encore Capital Group Inc. had an annual average earnings growth of 22.80%. GuruFocus rated Encore Capital Group Inc. the business predictability rank of 4-star.
Encore Capital Group announced its third-quarter results with revenue and gross profit of $332.75 million, while the net income was $20.73 million. The 2017 total revenue and gross profit was $1.19 billion, a 15% increase from 2016. The 2017 net income was $83.23 million.
President and CEO Ashish Masih bought 12,500 shares for $24.26 per share on Nov. 9. Since then, the stock price has increased by 10.96%.
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