Weekly CFO Buys Highlight: RegeneRX Biopharmaceuticals, Apollo Investment, Griffon Corp., Consumer Portfolio Services, SunPower Corp., Globe Specialty Metals, People's United Financial

Weekly CFO Buys Highlight: RGN, AINV, GFF, CPSS, SPWRB, GSM, PBCT

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Jun 14, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were RegeneRX Biopharmaceuticals Inc (RGN, Financial), Apollo Investment Corp. (AINV, Financial), Griffon Corp. (GFF, Financial), Consumer Portfolio Services Inc. (CPSS, Financial), SUNPOWER CORPORATION (SPWRB, Financial), Globe Specialty Metals Inc. (GSM, Financial), and People's United Financial Inc. (PBCT, Financial).

CFO & Treasurer of RegeneRX Biopharmaceuticals Inc (RGN) C Neil Lyons bought 20,000 shares on 06/11/2010 at an average price of $0.28. RegeneRx is a biopharmaceutical company that holds over fifty world-wide patents and patent applications related to dermal, ocular, and internal wounds and tissue repair, including the treatment and prevention of cardiac and neurological injuries. Regenerx Biopharmaceuticals Inc has a market cap of $20.2 million; its shares were traded at around $0.28 with and P/S ratio of 119.9.

CFO & Treasurer C Neil Lyons bought shares RGN 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 $2.02 billion; its shares were traded at around $10.44 with a P/E ratio of 8.2 and P/S ratio of 5.9. The dividend yield of Apollo Investment Corp. stocks is 10.6%. Apollo Investment Corp. had an annual average earning growth of 19.9% over the past 5 years.

Apollo Investment Corporation announced financial results for its quarter and the fiscal year ended March 31, 2010. For the fourth quarter total assets totaled $3.5 billion, and net assets totaled $1.8 billion or $10.6 per share.

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 AINV stock.

Griffon Corp. (GFF): Exec. VP and CFO Douglas J Wetmore Bought 20,000 Shares

Exec. VP and CFO of Griffon Corp. (GFF) Douglas J Wetmore bought 20,000 shares during the past week at an average price of $11.03. Griffon is a diversified manuf acturing company with operations in fourbusiness segments: Garage Doors; Installation Services; Specialty Plastic Films; and Electronic Information and Communication Systems. Griffon Corp. has a market cap of $714.9 million; its shares were traded at around $11.99 with a P/E ratio of 27.8 and P/S ratio of 0.5.

GFF is in the portfolios of NWQ Managers of NWQ Investment Management Co, Richard Pzena of Pzena Investment Management LLC, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.

CEO & Pres. Ronald J Kramer, Exec. VP and CFO Douglas J Wetmore, Director Harvey R Blau bought share GFF stock.

Consumer Portfolio Services Inc. (CPSS): SVP & CFO Jeffrey P Fritz Bought 10,000 Shares

SVP & CFO of Consumer Portfolio Services Inc. (CPSS) Jeffrey P Fritz bought 10,000 shares on 06/09/2010 at an average price of $1.42. CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. Consumer Portfolio Services Inc. has a market cap of $24.9 million; its shares were traded at around $1.43 with and P/S ratio of 0.1.

Consumer Portfolio Services, Inc. announced operating results for its first quarter ended March 31, 2010. Operating results for the first quarter of 2010 included revenues of $44.6 million, a decrease of approximately $21.5 million, or 32.5%, compared to $66.1 million for the first quarter of 2009. Net loss for the first quarter of 2010 was $(5.8) million, or $(0.33) per diluted share, compared to net loss of $(0.5) million, or $(0.03) per diluted share, for the year-ago quarter.

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

CEO and President Charles E Jr Bradley, SVP & CFO Jeffrey P Fritz, and SVP & CIO Robert E Riedl bought shares of CPSS stock.

SUNPOWER CORPORATION (SPWRB): EVP & CFO Dennis V Arriola Bought 5,000 Shares

EVP & CFO of SUNPOWER CORPORATION (SPWRB) Dennis V Arriola bought 5,000 shares on 06/08/2010 at an average price of $10.09. 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 $506.4 million; its shares were traded at around $12.05 with a P/E ratio of 17.8 and P/S ratio of 0.3.

SunPower Corp. in San Jose reported a first-quarter profit of $12.6 million as demand for renewable energy surged. Net income was 13 cents per share, compared with a restated loss of $9.85 million (12 cents) a year earlier. Sales rose 62 percent to $347.3 million.

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

EVP & CFO Dennis V Arriola and Director Thurman J Rodgers bought shares of SPWRB stock.

Globe Specialty Metals Inc. (GSM): CFO Malcolm Appelbaum Bought 5,000 Shares

CFO of Globe Specialty Metals Inc. (GSM) Malcolm Appelbaum bought 5,000 shares on 06/10/2010 at an average price of $10. Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world's largest producers of silicon metal and silicon-based specialty alloys - critical ingredients in a host of industrial and consumer products with growing markets. Globe Specialty Metals Inc. has a market cap of $766.3 million; its shares were traded at around $10.31 with a P/E ratio of 35.4 and P/S ratio of 1.7.

Globe Specialty Metals, Inc. announced fiscal results for the quarter ended March 31, 2010. Net sales for the third quarter ended March 31, 2010 were up 4%, to $112.5 million, and shipments increased 7% to 47,684 MT, from second quarter ended December 31, 2009. Net income attributable to GSM for the third quarter was $0.5 million, compared to $18.5 million in the second quarter, which included a $14.0 million after-tax gain on the sale of the Brazilian operations. Diluted earnings per share was $0.01 in the third quarter, compared to $0.25 per share in the second quarter, which included a $0.19 per diluted share gain on the sale of the company’s Brazilian operations.

GSM is in the portfolios of Ron Baron of Baron Funds, NWQ Managers of NWQ Investment Management Co, Pioneer Investments, Pioneer Investments, Steven Cohen of SAC Capital Advisors.

CFO Malcolm Appelbaum bought shares of GSM stock.

People's United Financial Inc. (PBCT): Sen. Exec. VP and CFO Paul D Burner Bought 4,000 Shares

Sen. Exec. VP and CFO of People's United Financial Inc. (PBCT) Paul D Burner bought 4,000 shares on 06/08/2010 at an average price of $14.05. People's Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. People's United Financial Inc. has a market cap of $5.31 billion; its shares were traded at around $14.18 with a P/E ratio of 44.2 and P/S ratio of 5. The dividend yield of People's United Financial Inc. stocks is 4.3%. People's United Financial Inc. had an annual average earning growth of 3.7% over the past 10 years.

PBCT is in the portfolios of Columbia Wanger of Columbia Wanger Asset Management, Jim Simons of Renaissance Technologies LLC, Columbia Wanger of Columbia Wanger Asset Management, Ron Baron of Baron Funds, Pioneer Investments, NWQ Managers of NWQ Investment Management Co, Pioneer Investments, Steven Cohen of SAC Capital Advisors, Paul Tudor Jones of The Tudor Group, Bruce Kovner of Caxton Associates, Manning & Napier Advisors, Inc.

Sen. Exec. VP and CFO Paul D Burner and Exec. VP & GC Robert E Trautmann bought shares of PBCT stock.

Director Jerry Franklin and Director James A Thomas bought shares of PBCT stock.

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