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Myra Ramdenbourg
Myra Ramdenbourg
Articles (368) 

Weekly CFO Buys Highlight

Insiders invest in REV Group and Alerus Financial

September 20, 2019 | About:

According to GuruFocus insider data, the recent chief financial officer buys were REV Group Inc. (NYSE:REVG) and Alerus Financial Corp (NASDAQ:ALRS).

REV Group CFO bought 9,158 shares

CFO Dean J. Nolden bought 9,158 shares for $10.87 per share on Sept. 16. Since then, the share price has risen 1.38%.

REV Group has a market cap of $685.530 million; its shares were traded around $11.02 on Friday. The company has a price-sales ratio of 0.29. The trailing 12-month dividend yield is 1.82%, while the forward dividend yield is 1.82%. Over the past five years, REV Group had an annual average earnings growth of 28.50%.

The manufacturer of specialty vehicles like buses, fire trucks, ambulances and RVs  announced its third-quarter results with revenue of $617 million and gross profit of $71.30 million, while the net income was $5.60 million. The 2018 total revenue was $2.38 billion, a 5% increase from 2017. The gross profit was $278 million, a 5% decrease from the year prior. The net income was $13 million.

CEO Timothy W. Sullivan bought 50,000 shares for $9.58 per share on Sept. 10. Since then, the stock has gained 15.03%.

Alerus Financial CFO bought 5,500 shares

Executive Vice President and CFO Katie A. Lorenson bought 5,500 shares for $21 per share on Sept. 17. Since then, the share price has increased 4.1%.

Alerus Financial has a market cap of $370.690 million; its shares were trading around $21.86 on Friday. The company has a price-earnings ratio of 10.95 and a price-sales ratio of 1.72. The trailing 12-month dividend yield is 2.51%, while the forward dividend yield is 2.55%.

The financial services company announced its second-quarter results with revenue and gross profit of $46.48 million, while the net income was $8.35 million. The 2018 total revenue and gross profit was $169.36 million, a 1% increase from 2017. The net income was $25.87 million.

Chairman, President and CEO Randy L. Newman bought 4,571 shares for $21 per share on Sept. 17. Additionally, Executive Vice President and Chief Security Officer Kris Compton bought 1,000 shares  and Director Lloyd G. Case bought 2,000 shares. Since then, the stock has gained 4.1%.

Disclosure: None.

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