Weekly CFO Buys Highlight: Enterprise Financial Services Corp., Competitive Technologies Inc, Schulman Inc.

Weekly CFO Buys Highlight: EFSC, CTT, SHLM

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Jan 24, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week are Enterprise Financial Services Corp. (EFSC, Financial), Competitive Technologies Inc (CTT, Financial), and Schulman Inc. (SHLM, Financial).


EVP & CFO of Enterprise Financial Services Corp. (EFSC) Frank H Sanfilippo bought 12,360 shares on 01/12/2010 at an average price of $8.09. Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. Enterprise Financial Services Corp. has a market cap of $118.7 million; its shares were traded at around $9.25 with and P/S ratio of 0.9. The dividend yield of Enterprise Financial Services Corp. stocks is 2.3%.


Enterprise Financial Services Corp earned net income of $4.7 million for the quarter ended September 30, 2009 compared to $1.2 million for the prior year period. After deducting dividends on preferred stock, the Company reported net income of $0.31 per fully diluted share for the third quarter of 2009 compared to $0.09 per fully diluted share for the third quarter of 2008.


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


Buy:: President & CEO Peter Benoist bought 19,060 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.34% since. Buy:: Director Birch M Mullins bought 19,060 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.34% since. Buy:: Director Robert E Jr Guest bought 18,541 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.34% since. Buy:: Director Trease Sandra Van bought 18,542 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.34% since. Buy:: Director William H Downey bought 12,360 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.34% since. Buy:: Director James Murphy bought 30,902 shares of EFSC stock on 01/12/2010 at the average price of 8.09, the price of the stock has increased by 14.34% since.


Competitive Technologies Inc (CTT): CEO, President, Interim CFO John B Nano Bought 6,000 Shares


CEO, President, Interim CFO of Competitive Technologies Inc (CTT) John B Nano bought 6,000 shares on 01/14/2010 at an average price of $1.67. COMPETITIVE TECHNOLOGIES, INC is engaged primarily in providing technology management services to universities, to federal agencies and laboratories, and to corporations with the goal of maximizing returns on clients' investments in technology. Competitive Technologies Inc has a market cap of $17.4 million; its shares were traded at around $1.65 with and P/S ratio of 49.9.


Competitive Technologies, Inc. announced financial results for the first quarter fiscal 2010, ending October 31, 2009. Total revenue for the first quarter, was approximately $0.14 million, compared to approximately $0.10 million in the same period of the prior year. The net loss for the quarter is approximately $0.75 million, or $0.08 per share, a 33% per share improvement over the net loss of approximately $1.0 million, or $0.12 per share, for the prior year quarter.


Buy:: Director William L Reali bought 2,000 shares of CTT stock on 10/30/2009 at the average price of 2.37, the price of the stock has decreased by 30.38% since. Buy:: Director Rustin R Howard bought 5,000 shares of CTT stock on 10/30/2009 at the average price of 2.25, the price of the stock has decreased by 26.67% since. Buy:: Director Joel M Evans bought 5,000 shares of CTT stock on 10/29/2009 at the average price of 2.32, the price of the stock has decreased by 28.88% since. Buy:: Director Richard D Hornidge bought 4,000 shares of CTT stock on 10/28/2009 at the average price of 2.44, the price of the stock has decreased by 32.38% since.


Schulman Inc. (SHLM): VP-Finance and CFO Paul F Desantis Bought 900 Shares


VP-Finance and CFO of A. Schulman Inc. (SHLM) Paul F Desantis bought 900 shares on 01/13/2010 at an average price of $22.6. Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. The Company purchases plastic resins and other materials which either can be sold directly to customers or used by the Company in the manufacture of other products for sale to customers. All of the products which the Company sells are used for the same purpose--as raw material to be molded or extruded by the Company's customers. A. Schulman Inc. has a market cap of $615.5 million; its shares were traded at around $23.59 with a P/E ratio of 24.8 and P/S ratio of 0.5. The dividend yield of A. Schulman Inc. stocks is 2.4%. A. Schulman Inc. had an annual average earning growth of 2.5% over the past 5 years.


Schulman, Inc. announced strong earnings for the fiscal 2010 first quarter ended November 30, 2009, compared with the first quarter of fiscal 2009. Reported net income for the first quarter was $17.0 million or $0.65 per diluted share, compared with net income of $8.2 million or $0.31 per diluted share for the comparable period last year. The translation effect of foreign currencies increased net income by $0.8 million in the quarter.