Weekly CFO Buys Highlight

Recent buys from company CFOs

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Jan 07, 2019
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According to GuruFocus Insider Data, the recent CFO buys were: Methode Electronics Inc. (MEI, Financial), Neonode Inc. (NEON, Financial) and Allegiance Bancshares Inc. (ABTX, Financial).

Methode Electronics Inc. (MEI, Financial): Vice President Finance and CFO Ronald L.G. Tsoumas bought 5,735 shares

Vice President Finance and CFO Ronald L.G. Tsoumas bought 5,735 shares for $24.98 per share on Dec. 28. Since then, the stock price has decreased by 3.32%. Methode Electronics Inc. has a market cap of $893.240 million and its shares were traded around $24.15. The company has a price-earnings ratio of 17.89 and price-sales ratio of 0.94. The trailing 12-month dividend yield of Methode Electronics Inc. stocks is 1.82%, while the forward dividend yield is 1.83%. Over the past 10 years, Methode Electronics Inc. had an annual average earnings growth of 14.90%.

Methode Electronics announced its third-quarter results with revenue of $223.40 million and gross profit of $60.10 million, while the net income was $23.70 million. The 2018 total revenue was $908.30 million, an 11% increase from 2017. The 2018 gross profit was $241.20 million, a 10% increase from the year prior. The 2018 net income was $57.20 million.

CEO Donald W. Duda bought 70,848 shares for $23.79 per share on Dec. 11. Since then, the stock price has increased by 1.51%. Director Christopher J. Hornung bought 8,200 shares for $22.16 per share on Dec. 21. Since then, the stock price has increased by 8.98%. Director Lawrence B. Skatoff sold 1,000 shares for $23.16 per share on Dec. 18. Since then, the stock price has increased by 4.27%.

Neonode Inc. (NEON, Financial): CFO Lars, Goran Lindqvist bought 4,375 shares

CFO Lars, Goran Lindqvist bought 4,375 shares for $1.6 per share on Dec. 28. Since then, the stock price has increased by 21.88%. Neonode Inc. has a market cap of $11.426 million and its shares were traded around $1.95. The company has a price-sales ratio of 1.21. Over the past 10 years, Neonode Inc. had an annual average earnings growth of 40.80%.

Neonode announced its third-quarter results with revenue of $1.92 million and gross profit of $1.58 million, while the net loss was $809,000. The 2017 total revenue was $10.24 million, a 0.3% increase from 2016. The 2017 gross profit was $7.90 million, a 11% decrease from the year prior. The 2017 net loss was $4.71 million.

CEO Hakan Persson bought 34,375 shares for $1.6 per share on Dec. 28. Since then, the stock price has increased by 21.88%. Director Andreas Bunge bought 29,000 shares for $1.6 per share on Dec. 28. Since then, the stock price has increased by 21.88%. Director, 10% Owner Ulf Rosberg bought 1,138,796 shares for $1.6 per share on Dec. 28. Since then, the stock price has increased by 21.88%.

Allegiance Bancshares Inc. (ABTX, Financial): Executive Vice President and CFO Paul P. Egge bought 1,000 shares

Executive Vice President and CFO Paul P. Egge bought 1,000 shares for $31.3 per share on Dec. 28. Since then, the stock price has increased by 10.16%. Allegiance Bancshares Inc. has a market cap of $752.600 million and its shares were traded around $34.48. The company has a price-earnings ratio of 17.15 and P/S ratio of 4.00.

Allegiance Bancshares announced its third-quarter results with revenue and gross profit of $29.96 million, while the net income was $8.88 million. The 2017 total revenue and gross profit was $96.34 million, an 8% increase from 2016. The 2017 net income was $17.63 million.

President Steven F. Retzloff bought 15,000 shares for $31.3 per share on Dec. 28. Since then, the stock price has increased by 10.16%. Executive Vice President and General Counsel Shanna R. Kuzdzal bought 650 shares for $30.08 per share on Dec. 27. Since then, the stock price has increased by 14.63%. Director Frances H. Jeter bought 1,000 shares for $31.53 per share on Dec. 18. Since then, the stock price has increased by 9.36%.

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