Weekly CFO Buys Highlight: Wireless Telecom Group, ValueVision Media, American River Bankshares, Hemispherx Biopharma, Indiana Community Bancorp, PennantPark Investment Corp., MagneTek

Weekly CFO Buys Highlight: WTT, VVTV, AMRB, HEB, INCB, PNNT, MAG

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Dec 13, 2009
According to GuruFocus Insider Data, the largest CFO buys during the past week were Wireless Telecom Group Inc (WTT, Financial), ValueVision Media Inc. (VVTV, Financial), American River Bankshares (AMRB, Financial), Hemispherx Biopharma Inc (HEB, Financial), Indiana Community Bancorp (INCB, Financial), PennantPark Investment Corp. (PNNT, Financial), and MagneTek Inc. (MAG, Financial).

Wireless Telecom Group Inc (WTT): President, CFO and CEO Paul S Genova Bought 20,000 Shares

President, CFO and CEO of Wireless Telecom Group Inc (WTT) Paul S Genova bought 20,000 shares on 12/04/2009 at an average price of $0.76. Wireless Telecom Group is a global provider of noise generation equipment in the telecommunications field. The company's products have been primarily used to test the performance and capability of cellular/PCS and satellite communications systems. Other applications include radio, radar, wireless local area network and digital television. Wireless Telecom Group Inc has a market cap of $17.9 million; its shares were traded at around $0.7 with and P/S ratio of 0.4. Wireless Telecom Group Inc had an annual average earning growth of 0.5% over the past 5 years.

ValueVision Media Inc. (VVTV): SVP & CFO Frank Elsenbast Bought 6,500 Shares

SVP & CFO of ValueVision Media Inc. (VVTV) Frank Elsenbast bought 6,500 shares on 12/03/2009 at an average price of $3.7. VALUEVISION INTERNATIONAL, IN is a home-shopping retailer in the United States. Through its continuous merchandise-focused television programming, it sells a wide variety of products directly to consumers. The products are presented by on-air hosts, and orders are processed on-site by its telemarketing service representatives who use its customized computer processing system which provides real-time feedback to the on- air hosts. Valuevision Media Inc. has a market cap of $142 million; its shares were traded at around $4.39 with and P/S ratio of 0.2.

ShopNBC announced financial results for its third fiscal quarter ended October 31, 2009. Third quarter revenues were $119.4 million, a 4% decrease from the same period last year. EBITDA, as adjusted, was a loss of ($5.6) million compared to an EBITDA, as adjusted, loss of ($13.3) million in the year-ago period. Net loss for the third quarter was ($12.9) million compared to a net loss of ($20.8) million for the same quarter last year. announced financial results for its third fiscal quarter ended October 31, 2009.

Buy:: President & CEO Keith R Stewart bought 155,400 shares of VVTV stock on 06/16/2009 at the average price of 1.55, 90,000 shares of VVTV stock on 07/15/2009 at the average price of 1.72, and 95,600 shares of VVTV stock on 07/16/2009 at the average price of 1.83, the price of the stock has increased by 139.89% since. Buy:: SVP, Merchandising Kris M Kulesza bought 6,000 shares of VVTV stock on 12/09/2009 at the average price of 3.98, the price of the stock has increased by 10.3% since. Buy:: SVP of E-Commerce Carol Steinberg bought 504 shares of VVTV stock on 12/04/2009 at the average price of 3.79 and 2,120 shares of VVTV stock on 12/07/2009 at the average price of 4.06, the price of the stock has increased by 8.13% since. Buy:: Director Joseph F Berardino bought 5,540 shares of VVTV stock on 12/03/2009 at the average price of 3.72, the price of the stock has increased by 18.01% since. Buy:: SR VP General Counsel Sec Nathan E Fagre bought 1,300 shares of VVTV stock on 12/03/2009 at the average price of 3.71, the price of the stock has increased by 18.33% since.

American River Bankshares (AMRB): EVP - CFO Mitchell A Derenzo Bought 3,000 Shares

EVP - CFO of American River Bankshares (AMRB) Mitchell A Derenzo bought 3,000 shares on 12/10/2009 at an average price of $6.25. American River Bankshares is the parent company of American River Bank , a community bank with offices in Sacramento and Placer Counties, that operates a family of financial service providers, including North Coast Bank in Sonoma County and first source capital, a lease financing company in Sacramento. The Banks accept checking and savings deposits, offer money market deposit accounts and certificates of deposit, make secured and unsecured commercial and residential loans, and other installment and term loans, and offer other customary banking services. American River Bankshares has a market cap of $39.7 million; its shares were traded at around $6.84 with a P/E ratio of 12.2 and P/S ratio of 1.1. American River Bankshares had an annual average earning growth of 14.2% over the past 5 years.

American River Bankshares reported net income of $827,000 or $0.14 per diluted share for the third quarter of 2009, compared to $1,931,000 or $0.33 per diluted share for the third quarter of 2008.

Buy:: President & CEO David T Taber bought 2,000 shares of AMRB stock on 12/10/2009 at the average price of 6.25, the price of the stock has increased by 9.44% since. Buy:: Director Roger J Taylor bought 100 shares of AMRB stock on 12/10/2009 at the average price of 6.25, the price of the stock has increased by 9.44% since. Buy:: Director Amdor S Bustos bought 1,000 shares of AMRB stock on 12/10/2009 at the average price of 6.25, the price of the stock has increased by 9.44% since. Buy:: Reg'l Pres. - North Coast Bank Raymond F Byrne bought 1,000 shares of AMRB stock on 12/10/2009 at the average price of 6.25, the price of the stock has increased by 9.44% since. Buy:: Director Charles D Fite bought 10,000 shares of AMRB stock on 12/10/2009 at the average price of 6.25, the price of the stock has increased by 9.44% since. Buy:: Director Robert J Fox bought 48,000 shares of AMRB stock on 12/10/2009 at the average price of 6.25, the price of the stock has increased by 9.44% since.

Hemispherx Biopharma Inc (HEB): CFO Charles Thomas Iii Bernhardt Bought 2,000 Shares

CFO of Hemispherx Biopharma Inc (HEB) Charles Thomas Iii Bernhardt bought 2,000 shares on 12/07/2009 at an average price of $0.56. Hemispherx Biopharma, Inc. is a biopharmaceutical company engaged in the manufacture and clinical development of new drug entities for treatment of seriously debilitating disorders. Hemispherx's flagship products include Alferon N Injection and the experimental therapeutics Ampligen and Oragens. Alferon N Injection is approved for a category of STD infection, and Ampligen and Oragens represent a large portfolio experimental RNA nucleic acids being developed for globally important viral diseases, severely debilitating disorders and biodefense applications. Hemispherx's platform technology includes large and small agent components for potential treatment of various severely debilitating and life threatening diseases. The Company is actively engaged in further expansion of its intellectual property on a world wide basis to reflect the global distribution of the various disorders which its platform technologies address. Hemispherx Biopharma Inc has a market cap of $78.3 million; its shares were traded at around $0.59 with and P/S ratio of 295.5. Hemispherx Biopharma Inc had an annual average earning growth of 9.4% over the past 5 years.

Buy:: CEO, 10% Owner William A Carter bought 30,000 shares of HEB stock on 12/07/2009 at the average price of 0.57, the price of the stock has increased by 3.51% since. Buy:: Senior Vice President Robert Iv Dickey bought 2,500 shares of HEB stock on 12/08/2009 at the average price of 0.64, the price of the stock has decreased by 7.81% since. Buy:: Medical Director David R Strayer bought 12,000 shares of HEB stock on 12/07/2009 at the average price of 0.57, the price of the stock has increased by 3.51% since.

Indiana Community Bancorp (INCB): EVP, CFO, Treasurer, Secretary Mark Thomas Gorski Bought 2,000 Shares

EVP, CFO, Treasurer, Secretary of Indiana Community Bancorp (INCB) Mark Thomas Gorski bought 2,000 shares on 12/08/2009 at an average price of $8. Indiana Bank & Trust Company was founded in 1908 in Seymour, Indiana. Their 21 locations serve customers in nine south central Indiana counties. They pride themselves on delivering professional financial services and personalized solutions in a friendly atmosphere. Headquartered in Columbus, Indiana Bank & Trust Company is one of the largest banks headquartered in Indiana. Indiana Community Bancorp has a market cap of $26.2 million; its shares were traded at around $7.8 with and P/S ratio of 0.3. The dividend yield of Indiana Community Bancorp stocks is 0.6%.

Indiana Community Bancorp announced a net loss for the third quarter of $2.1 million or $(0.71) diluted loss per common share compared to net income of $1.8 million or $0.54 diluted earnings per common share for the third quarter of 2008. Total assets were $1.1 billion as of September 30, 2009, an increase of $83.6 million from December 31, 2008.

Buy:: EVP, CFO, Treasurer, Secretary Mark Thomas Gorski bought 2,000 shares of INCB stock on 12/08/2009 at the average price of 8, the price of the stock has decreased by 2.5% since. Buy:: Director William J Blaser bought 2,000 shares of INCB stock on 11/24/2009 at the average price of 8.03, the price of the stock has decreased by 2.86% since. Buy:: Director John M Miller bought 699 shares of INCB stock on 08/17/2009 at the average price of 9.5, and 1,168 shares of INCB stock on 09/04/2009 at the average price of 8.9, the price of the stock has decreased by 12.36% since.

PennantPark Investment Corp. (PNNT): CFO and Treasurer Aviv Efrat Bought 2,000 Shares

CFO and Treasurer of PennantPark Investment Corp. (PNNT) Aviv Efrat bought 2,000 shares on 12/08/2009 at an average price of $8.97. Pennantpark Investment Corp. has a market cap of $231.5 million; its shares were traded at around $8.97 with a P/E ratio of 8.4 and P/S ratio of 5.2. The dividend yield of Pennantpark Investment Corp. stocks is 10.7%.

PennantPark Investment Corporation announces financial results for its fourth quarter and fiscal year ended September 30, 2009. Net investment income totaled $6.0 million and $5.4 million or $0.28 and $0.26 per share for the three months ended September 30, 2009 and 2008, respectively. Net increase (decrease) in net assets resulting from operations totaled $26.2 million and $(11.0) million or $1.23 and $(0.53) per share, for the three months ended September 30, 2009 and 2008, respectively.

PNNT is in the portfolios of Paul Tudor Jones of The Tudor Group.

Buy:: Investment Adviser Arthur H Penn bought 7,000 shares of PNNT stock on 08/07/2009 at the average price of 8.89, 5,000 shares of PNNT stock on 08/11/2009 at the average price of 8.7, 8,000 shares of PNNT stock on 11/23/2009 at the average price of 8.41, and 4,000 shares of PNNT stock on 11/25/2009 at the average price of 8.47, the price of the stock has increased by 5.9% since. Buy:: Director Samuel L Katz bought 10,000 shares of PNNT stock on 11/20/2009 at the average price of 8.1, the price of the stock has increased by 10.74% since.

MagneTek Inc. (MAG): Vice President & CFO Marty J Schwenner Bought 4,100 Shares

Vice President & CFO of MagneTek Inc. (MAG) Marty J Schwenner bought 4,100 shares during the past week at an average price of $1.53. Magnetek, Inc. manufactures digital power and motion control systems used in material handling, people moving, wireless communications and energy delivery. The Company is headquartered in Menomonee Falls, WI in the greater Milwaukee area and operates manufacturing plants in Pittsburgh, PA and Mississauga, Ontario, Canada as well as Menomonee Falls. Magnetek Inc. has a market cap of $54.2 million; its shares were traded at around $1.75 with a P/E ratio of 35 and P/S ratio of 0.5.

MAG Silver Corp. announces the Company's unaudited financial results for the nine month period ended September 30, 2009. The Company's cash position at September 30, 2009 remained strong at $30.5 million. All amounts herein are reported in Canadian dollars unless otherwise specified.

MAG is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.

Buy:: President & CEO Peter M Mccormick bought 1,000 shares of MAG stock on 11/25/2009 at the average price of 1.23 and 1,000 shares of MAG stock on 12/04/2009 at the average price of 1.61, the price of the stock has increased by 8.7% since. Buy:: Vice President & CFO Marty J Schwenner bought 1,000 shares of MAG stock on 11/24/2009 at the average price of 1.22, 1,000 shares of MAG stock on 11/24/2009 at the average price of 1.22, 1,250 shares of MAG stock on 12/03/2009 at the average price of 1.53, 1,500 shares of MAG stock on 12/07/2009 at the average price of 1.61, and 1,350 shares of MAG stock on 12/11/2009 at the average price of 1.78, the price of the stock has decreased by 1.69% since. Buy:: Director David A Sr Bloss bought 97,200 shares of MAG stock on 11/24/2009 at the average price of 1.22, the price of the stock has increased by 43.44% since. Sell:: 10% Owner Bryant R Riley sold 950,800 shares of MAG stock on 08/13/2009 at the average price of 1.51, the price of the stock has increased by 15.89% since.

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