Weekly CFO Buys Highlight: TTI, ASNB, PSEC, XPLR, LF

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Nov 26, 2012
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



TETRA Technologies Inc. (TTI, Financial): Senior Vice President and CFO Elijio V. Serrano Bought 31,800 Shares

Senior Vice President and CFO of Tetra Technologies Inc. (TTI) Elijio V. Serrano bought 31,800 shares on 11/19/2012 at an average price of $6.34. TETRA Technologies Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA Technologies Inc. has a market cap of $535.32 million; its shares were traded at around $6.86 with a P/E ratio of 14 and P/S ratio of 0.63. TETRA Technologies Inc. had an annual average earnings growth of 6% over the past 10 years.

TETRA Technologies Inc. announced third quarter 2012 net income from continuing operations attributable to TETRA stockholders of $0.10 per fully diluted share compared to $0.02 per fully diluted share reported in the third quarter of 2011. Consolidated revenues for the quarter ended Sept. 30, 2012 were $234 million versus $201.4 million in the third quarter of 2011.

President and CEO Stuart M. Brightman, Senior Vice President and CFO Elijio V. Serrano and Director William D. Sullivan bought shares of TTI stock.

AdvanSource Biomaterials Corporation (ASNB, Financial): CFO David Crispino Volpe Bought 25,000 Shares

CFO of AdvanSource Biomaterials Corp. (ASNB) David Crispino Volpe bought 25,000 shares on 11/19/2012 at an average price of $0.04. Advansource Biomaterials Corp. develops advanced polymer materials which provide critical characteristics in the design and development of medical devices. AdvanSource Biomaterials Corp. has a market cap of $0.38 million; its shares were traded at around $0.02 with and P/S ratio of 0.2.

AdvanSource Biomaterials Corp. announced financial results for its fiscal 2011 third quarter ended Dec. 31, 2010. For the trailing 12 months ended Dec. 31, 2010, total revenues decreased to $1.9 million compared with $2.35 million for the comparable trailing 12 month period ended Dec.31, 2009.

CEO Michael F. Adams and CFO David Crispino Volpe bought shares of ASNB stock.

Prospect Capital Corporation (PSEC, Financial): CFO, CCO, Treasury and Secretary Brian H. Oswald Bought 19,500 Shares

CFO, CCO, Treasury and Secretary of Prospect Capital Corp. (PSEC) Brian H. Oswald bought 19,500 shares on 11/16/2012 at an average price of $10.15. Prospect Capital Corp. is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital Corp. has a market cap of $1.78 billion; its shares were traded at around $10.71 with a P/E ratio of 6.65 and P/S ratio of 5.55. The dividend yield of Prospect Capital Corp. stocks is 11.39%.

Prospect Capital Corp. announced financial results for our first fiscal quarter ended Sept. 30, 2012. For the Sept. 2012 quarter, net investment income ("NII") was $74.0 million or $0.46 per weighted average number of shares for the quarter. Net asset value per share on Sept.30, 2012 stood at $10.88 per share, an increase of $0.05 per share from June 30, 2012, and an increase of $0.47 per share from Sept. 30, 2011.

CFO, CCO, Treasury and Secretary Brian H. Oswald, Director Eugene S. Stark, and COO M. Grier Eliasek bought shares of PSEC stock.

Xplore Technologies CP (XPLR, Financial): CFO Michael J Rapisand Bought 10,000 Shares

CFO of Xplore Tech CP (XPLR) Michael J. Rapisand bought 10,000 shares on 11/16/2012 at an average price of $3.5. Xplore Technologies Corp. is engaged in the business of developing integrating and marketing mobile wireless Tablet PC computing systems.

CFO Michael J. Rapisand and Director, 10% Owner Philip S. Sassower bought shares of XPLR stock.

LeapFrog Enterprises Inc. (LF, Financial): CFO Raymond L. Arthur Bought 10,000 Shares

CFO of LeapFrog Enterprises Inc. (LF) Raymond L. Arthur bought 10,000 shares on 11/14/2012 at an average price of $7.69. LeapFrog Enterprises is a designer, developer and marketer of innovative, technology-based educational products and related proprietary content, dedicated to making learning effective and engaging. LeapFrog Enterprises Inc. has a market cap of $491.41 million; its shares were traded at around $8.44 with a P/E ratio of 11.41 and P/S ratio of 1.08.

LeapFrog Enterprises Inc. announced financial results for the third quarter ended Sept. 30, 2012. Third quarter 2012 net sales were $193.1 million, up 28% compared to $150.8 million last year, and included a 1% negative impact from changes in currency exchange rates. Net income per diluted share was $0.60 for the third quarter of 2012, up 71% or $0.25 per share compared to $0.35 a year ago.

CEO John Barbour, CFO Raymond L. Arthur and Chief Marketing Officer Gregory B. Ahearn bought shares of LF stock.

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