Weekly CFO Sells Highlight: OSUR, DKS, P, MGAM, EROC

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Jul 09, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: OraSure Technologies Inc., Dicks Sporting Goods Inc., Pandora Media Inc., Multimedia Games Holding Company Inc., Eagle Rock Energy Partners LP and HollyFrontier Corp.


OraSure Technologies Inc. (OSUR, Financial): COO and CFO Ronald H. Spair Sold 207,800 Shares


COO & CFO Ronald H. Spair sold 207,800 shares of OSUR stock on 07/05/2012 at the average price of $11.5. Ronald H. Spair owns at least 187,767 shares after this. The price of the stock has increased by 14.7% since.


OraSure Technologies Inc. is the market leader for oral fluid diagnostics. Orasure Technologies Inc. has a market cap of $635.55 million; its shares were traded at around $13.19 with and P/S ratio of 7.76.


OraSure Technologies Inc. recently released its first quarter 2012 results. For this quarter, the company reported consolidated revenues of $20.9 million, a 20% increase over the comparable quarter last year. Consolidated net loss for the first quarter was $3.3 million ($0.07 per share), compared to a net loss of $2.6 million ($0.06 per share) prior year quarter. Also during this quarter, OraSure saw product sales increase of 16% over last year and consolidated gross margin of 66%.


President and CEO Douglas A. Michels sold 60,000 shares of OSUR stock on 07/06/2012 at the average price of $13.14. Executive Vice President and CSO Stephen R. Lee, and Senior Vice President and Controller Mark L. Kuna both also sold shares of OSUR stock in the past week.


Dicks Sporting Goods Inc. (DKS, Financial): Executive Vice President Finance, Admin and CFO Timothy E. Kullman Sold 50,702 Shares


Executive Vice President Finance, Admin and CFO Timothy E. Kullman sold 50,702 shares of DKS stock on 07/03/2012 at the average price of $49.69. Timothy E. Kullman owns at least 44,016 shares after this. The price of the stock has increased by 0.24% since.


Dick's Sporting Goods is a full-line sporting goods retailer in the U.S. Dick's Sporting Goods Inc. has a market cap of $5.88 billion; its shares were traded at around $49.81 with a P/E ratio of 22.95 and P/S ratio of 1.13. The dividend yield of Dick's Sporting Goods Inc. stocks is 1%. Dick's Sporting Goods Inc. had an annual average earnings growth of 11.4% over the past 10 years.


For its first quarter of 2012, Dicks Sporting Goods saw consolidated net income of $57.2 million ($0.45 per share), compared to consolidated EPS of $0.30 prior year quarter. Net sales of the first quarter 2012 increased 15.1% over last year to $1.3 billion.


Pandora Media Inc. (P, Financial): CFO Steven Cakebread Sold 40,000 Shares


CFO Steven Cakebread sold 40,000 shares of P stock on 07/02/2012 at the average price of $10.73. The price of the stock has increased by 0.37% since.


Pandora Media Inc. operates as a provider of Internet radio in the U.S. Pandora Media Inc. has a market cap of $1.79 billion; its shares were traded at around $10.77 with and P/S ratio of 6.51.


Pandora Media Inc. has released its first quarter 2013 results. For this quarter, Pandora reported adjusted net loss of $0.09 per share compared to a loss of $0.03 per share prior year quarter.


Multiple other insiders also sold shares of P stock during the past week.


Multimedia Games Holding Company Inc. (MGAM, Financial): CFO Adam Chibib Sold 39,012 Shares


CFO Adam Chibib sold 39,012 shares of MGAM stock on 07/02/2012 at the average price of $14.07. Adam Chibib owns at least 15,000 shares after this. The price of the stock has increased by 10.8% since.


Multimedia Games Inc. is a developer and supplier of comprehensive systems, content, electronic games and player terminals for the Native American gaming market, as well as for the casino, charity and international bingo, video lottery, and sweepstakes markets. Multimedia Games Holding Company Inc. has a market cap of $426.29 million; its shares were traded at around $15.59 with a P/E ratio of 25.52 and P/S ratio of 3.33.


For its second quarter of 2012 ended March 31, 2012 – Multimedia Games reported revenues of $39.5 million, compared to $30.1 million prior year quarter. Total net income was $6.8 million ($0.24 per share), compared to $1.2 million ($0.04 per share) in the second quarter of 2011.


[b]Eagle Rock Energy Partners LP (EROC, Financial): Senior Vice President and CFO Jeffrey P. Wood Sold 36,335 Shares[b]


Senior Vice President and CFO Jeffrey P. Wood sold 36,335 shares of EROC stock on 07/02/2012 at the average price of $9.02. Jeffrey P. Wood owns at least 340,849 shares after this. The price of the stock has increased by 6.21% since.


Eagle Rock Energy Partners is a dynamic master limited partnership that leverages its upstream, minerals and midstream expertise to acquire and operate oil and gas properties, natural gas gathering systems, and natural gas processing plants. Eagle Rock Energy Partners LP has a market cap of $1.29 billion; its shares were traded at around $9.58 with a P/E ratio of 5.32 and P/S ratio of 1.22. The dividend yield of Eagle Rock Energy Partners LP stocks is 9.19%.


Eagle Rock Energy Partners has reported first quarter 2012 results. During this quarter, the company reported adjusted EBITDA of $62.8 million – up from $61.8 million prior year quarter. Net loss was reported to be $50.3 million, and cash flow was $40.8 million.


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