Weekly CFO Buys Highlight

Insiders invest in Gulfport Energy, PFSweb

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Sep 10, 2019
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According to GuruFocus insider data, recent chief financial officer buys included Gulfport Energy Corp. (GPOR, Financial) and PFSweb Inc. (PFSW, Financial).

Gulfport Energy CFO bought 15,000 shares

Executive Vice President and CFO Quentin R. Hicks bought 15,000 shares for $2.38 per share on Aug. 30. Since then, the share price has increased by 27.73%. Gulfport Energy has a market cap of $484.570 million and its shares were traded around $3.04. The company has a price-earnings ratio of 0.95 and a price-sales ratio of 0.41.

Gulfport Energy announced its second-quarter results with revenue of $279.76 million and gross profit of $185.35 million, while the net income was $234.96 million. The 2018 total revenue was $1.45 billion, a 33% increase from 2017. The gross profit was $1.06 billion, a 41% increase from the year prior. The net income was $430.56 million.

President and CEO David M. Wood bought 40,000 shares for $2.44 per share on Aug. 30. Since then, the stock has gained 24.59%. General Counsel and Corp. Secretary Patrick K. Craine bought 15,000 shares for $2.42 per share on Aug. 30. Since then, the stock has gained 25.62%.

PFSweb CFO bought 15,000 shares

Chief Financial Officer and Executive Vice President Thomas J. Madden bought 15,000 shares for $2.14 per share on Aug. 30. Since then, the share price has increased by 20.56%. PFSweb has a market cap of $50.030 million and its shares were traded around $2.58. The company has a price-earnings ratio of 129 and a price-sales ratio of 0.17. Over the past decade, PFSweb had an annual average earnings growth of 5.60%.

PFSweb announced its second-quarter results with revenue of $56.47 million and gross profit of $17.87 million, while the net loss was $975,000. The 2018 total revenue was $264.83 million, a 3% decrease from 2017. The gross profit was $85.30 million, a 6% increase from the year prior. The net income was $1.23 million.

Director Benjamin L. Rosenzweig bought 2,500 shares for $2.21 per share on Aug. 23. Since then, the stock has gained 16.74%. Senior Vice President R. Zach Thomann bought 1,000 shares for $2.4 per share on Aug. 20. Since then, the stock has risen 7.5%.

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