Weekly CFO Buys Highlight: Apollo Investment Corp., Dyax Corp., Heska Corp., Vaughan Foods Inc., Wireless Ronin Technologies Inc., SauerDanfoss Inc.

Weekly CFO Buys Highlight: AINV, DYAX, HSKA, FOOD, RNIN, SHS

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Jun 05, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Apollo Investment Corp. (AINV, Financial), Dyax Corp. (DYAX, Financial), Heska Corp. (HSKA, Financial), Vaughan Foods Inc. (FOOD, Financial), Wireless Ronin Technologies Inc. (RNIN, Financial), and SauerDanfoss Inc. (SHS, Financial).

EVP & CFO of SUNPOWER CORPORATION (SPWRB) Dennis V Arriola bought 15,000 shares on 06/02/2010 at an average price of $11.41. SUNPOWER CORPORATION designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. Sunpower Corporation has a market cap of $476.3 million; its shares were traded at around $11.33 with a P/E ratio of 16.6 and P/S ratio of 0.3.

On May 11, 2010, SunPower Corp. announced financial results for its 2010 first quarter which ended April 4, 2010. Revenue for the 2010 first quarter was $347 million which compares to $212 million in the first quarter of 2009 and $548 million in the fourth quarter of 2009. On a Generally Accepted Accounting Principles (GAAP) basis, for the first quarter of 2010, SunPower reported gross margin of 20.7%, an operating loss of $2.9 million and net income per diluted share of $0.13. This compares to gross margin of 15.2%, an operating loss of $18 million and a net loss per diluted share of $0.12 in the first quarter of 2009. First quarter 2010 GAAP results include a $0.33 per share tax benefit.

SPWRB is in the portfolios of Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors.

EVP & CFO Dennis V Arriola bought shares of SPWRB stock.

Apollo Investment Corp. (AINV): CFO and Treasurer Richard Peteka Bought 10,000 Shares

CFO and Treasurer of Apollo Investment Corp. (AINV) Richard Peteka bought 10,000 shares on 06/04/2010 at an average price of $9.98. Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Apollo Investment Corp. has a market cap of $1.74 billion; its shares were traded at around $9.9 with a P/E ratio of 7.8 and P/S ratio of 5.2. The dividend yield of Apollo Investment Corp. stocks is 11.4%. Apollo Investment Corp. had an annual average earning growth of 38.5% over the past 5 years.

Apollo Investment Corporation announced financial results for its quarter and the fiscal year ended March 31, 2010. Total assets were $3.5 billion. For the fiscal years ended March 31, 2010, March 31, 2009 and March 31, 2008, gross investment income totaled $340.2 million, $377.3 million and $357.9 million, respectively.

AINV is in the portfolios of David Dreman of Dreman Value Management, David Williams of Columbia Value and Restructuring Fund, Chuck Royce of Royce& Associates, Murray Stahl of Horizon Asset Management.

CEO James C Zelter, CFO and Treasurer Richard Peteka, and Director Elliot Jr Stein bought shares of AINV stock.

Dyax Corp. (DYAX): EVP & CFO George V Migausky Bought 6,000 Shares

EVP & CFO of Dyax Corp. (DYAX) George V Migausky bought 6,000 shares on 05/27/2010 at an average price of $2.49. Dyax Corp is a biopharmaceutical company that has developed and patented a method that is used to identify a broad range of compounds with potential for the treatment and diagnosis of diseases. Dyax Corp. has a market cap of $245.9 million; its shares were traded at around $2.585 with and P/S ratio of 11.4.

Total revenues for the first quarter ended March 31, 2010 increased to $20.0 million, as compared to $6.0 million for the same quarter in 2009. For the quarter ended March 31, 2010, due to the timing of recognition of previously deferred revenue under the Cubist agreement, Dyax reported net income of $1.0 million or $0.01 per share, as compared to a net loss of $24.9 million or $0.39 per share for the comparable quarter in 2009.

DYAX is in the portfolios of Paul Tudor Jones of The Tudor Group, Chuck Royce of Royce& Associates, Stanley Druckenmiller of Duquesne Capital Management, LLC, PRIMECAP Management, Louis Moore Bacon of Moore Capital Management, LP, Steven Cohen of SAC Capital Advisors.

EVP & CFO George V Migausky and EVP Corporate Development & GC Ivana Magovcevic bought shares of DYAX stock.

Heska Corp. (HSKA): Exec. VP, CFO & Secretary Jason A Napolitano Bought 5,000 Shares

Exec. VP, CFO & Secretary of Heska Corp. (HSKA) Jason A Napolitano bought 5,000 shares on 05/27/2010 at an average price of $0.7. Heska Corporation is focused on the discovery, development and marketing ofcompanion animal health products. Heska Corp. has a market cap of $36.6 million; its shares were traded at around $0.7 with a P/E ratio of 35 and P/S ratio of 0.5.

Heska Corporation reported financial results for its fourth quarter and the year ended December 31, 2009. Total revenue for the quarter totaled $15.4 million, compared to the $17.4 million in the same quarter the previous year.

HSKA is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CEO Robert B Grieve, Exec. VP, CFO & Secretary Jason A Napolitano, and Director William A Aylesworth bought shares of HSKA stock.

Vaughan Foods Inc. (FOOD): CFO Gene P Jones Bought 5,000 Shares

CFO of Vaughan Foods Inc. (FOOD) Gene P Jones bought 5,000 shares on 05/28/2010 at an average price of $0.65. VAUGHAN FOODS and its subsidiaries prepare refrigerated salads, soups and sauces, as well as fresh-cut produce (salad and salad mixes), which it distributes to its customers in the Midwest, Southeast, and Southwest with and P/S ratio of 0.06.

Vaughan Foods, Inc. announced its operating results for the first quarter ended March 31, 2010. Vaughan recorded net income of $0.1 million, or $0.02 per share, compared to a net loss of $0.3 million or $0.06 per share in the comparable quarter of 2009. Gross profit increased to 12.7 percent in the first quarter of 2010 from 8.7 percent in the first quarter of 2009. Revenues were lower by 2.8% in the first quarter compared to the year-earlier quarter. The Company has been focused on operational and margin improvement and less on top line revenues over the past year. However, Vaughan has a robust sales pipeline and will increase its emphasis on top line growth during 2010.

CFO Gene P Jones and 10% Owner Llc Millenco sold shares of FOOD stock.

Wireless Ronin Technologies Inc. (RNIN): VP and CFO Darin P Mcareavey Bought 3,700 Shares

VP and CFO of Wireless Ronin Technologies Inc. (RNIN) Darin P Mcareavey bought 3,700 shares on 06/03/2010 at an average price of $1.26. WIRELESS RONIN TECHNOLOGIES is the developer of RoninCast, a complete software solution designed to address the evolving digital signage marketplace. Wireless Ronin Technologies Inc. has a market cap of $21.7 million; its shares were traded at around $1.23 with and P/S ratio of 4.3.

Wireless Ronin announced its financial results for the first quarter of 2010. Wireless Ronin reported revenue of $1.1 million for the first quarter of 2010, a 25 percent decrease from $1.4 million in the first quarter of 2009. The Company reported a first quarter net loss of $2.8 million, or $0.16 per basic and diluted share, compared to a net loss of $2.9 million, or $0.20 per basic and diluted share, in the year-ago period.

RNIN is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CEO James C Granger and VP and CFO Darin P Mcareavey bought shares of RNIN stock.

SauerDanfoss Inc. (SHS): Executive VP and CFO Jesper V Christensen Bought 3,000 Shares

Executive VP and CFO of SauerDanfoss Inc. (SHS) Jesper V Christensen bought 3,000 shares on 05/27/2010 at an average price of $13.61. Sauer-Danfoss is a global manufacturer of components and integrated hydraulic systems that generate, transmit, and control fluid power in primarily off-highway mobile equipment. Sauerdanfoss Inc. has a market cap of $663.9 million; its shares were traded at around $13.72 with and P/S ratio of 0.6.

Sauer-Danfoss Inc. announced its financial results for the first quarter ended March 31, 2010. Net sales for the quarter increased 11 percent to $386.8 million, compared to net sales of $349.7 million for the first quarter of 2009. The Company reported a net income of $20.7 million, or $0.43 per share, for the first quarter of 2010, compared to a net loss of $78.4 million, or $1.62 per share, for the first quarter of 2009.

SHS is in the portfolios of Jim Simons of Renaissance Technologies LLC.

President and CEO Sven Ruder and Executive VP and CFO Jesper V Christensen bought shares of SHS stock.

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