Weekly CFO Buys Highlight: Heska Corp., Apollo Investment Corp., EXACT Sciences Corp., Innospec Inc., MagneTek Inc., Navigant Consulting Inc.

Weekly CFO Buys Highlight: HSKA, AINV, EXAS, IOSP, MAG, NCI

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Mar 01, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Heska Corp. (HSKA, Financial), Apollo Investment Corp. (AINV, Financial), EXACT Sciences Corp. (EXAS, Financial), Innospec Inc. (IOSP, Financial), MagneTek Inc. (MAG, Financial), and Navigant Consulting Inc. (NCI, Financial).

Exec. VP, CFO & Secretary of Heska Corp. (HSKA) Jason A Napolitano bought 10,750 shares during the past week at an average price of $0.69. Heska Corporation is focused on the discovery, development and marketing ofcompanion animal health products. Heska Corp. has a market cap of $37.5 million; its shares were traded at around $0.7201 with and P/S ratio of 0.4.

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

Heska Corporation reported financial results for its fourth quarter and the year ended December 31, 2009. In the fourth quarter of 2009, the company produced revenue growth in both of our operating segments, increased gross margin and decreased operating expenses compared to the fourth quarter of 2008. For full year 2009, the team generated over $4 million in operating income.

CEO Robert B Grieve, Exec. VP, CFO & Secretary Jason A Napolitano, President and COO Michael J Mcginley, Director William A Aylesworth, V.P.Actg. Officer & Controller Michael A Bent, and Director G Irwin Gordon bought shares of HSKA stock.

Apollo Investment Corp. (AINV): CFO and Treasurer Richard Peteka Bought 7,500 Shares

CFO and Treasurer of Apollo Investment Corp. (AINV) Richard Peteka bought 7,500 shares on 02/22/2010 at an average price of $11.59. 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 $1.91 billion; its shares were traded at around $11.66 with a P/E ratio of 8.7 and P/S ratio of 5. The dividend yield of Apollo Investment Corp. stocks is 9.6%.

AINV is in the portfolios of David Williams of Columbia Value and Restructuring Fund, Paul Tudor Jones of The Tudor Group, Chuck Royce of ROYCE & ASSOCIATES, Murray Stahl of Horizon Asset Management, Steven Cohen of SAC Capital Advisors.

Apollo Investment Corporation announced financial results for its fiscal quarter ended December 31, 2009. Additionally, Apollo Investment Corporation announces that its Board of Directors has declared its fourth fiscal quarter 2010 dividend of $0.28 per share. During the three months ended December 31, 2009, the company invested $211.8 million across 2 new and several existing portfolio companies. This compares to investing $21.9 million in 1 new and 3 existing portfolio companies for the three months ended December 31, 2008. Investments sold or prepaid during the three months ended December 31, 2009, totaled $66.6 million versus $144.3 million for the three months ended December 31, 2008.

CFO and Treasurer Richard Peteka bought shares of AINV stock.

EXACT Sciences Corp. (EXAS): Sr. VP & CFO Maneesh Arora Bought 2,500 Shares

Sr. VP & CFO of EXACT Sciences Corp. (EXAS) Maneesh Arora bought 2,500 shares on 02/18/2010 at an average price of $3.98. EXACT Sciences Corporation uses applied genomics to develop effective, patient-friendly screening technologies for use in the detection of cancer. Exact Sciences Corp. has a market cap of $146.3 million; its shares were traded at around $4.11 with and P/S ratio of 30.8.

Exact Sciences Corp announced its financial results for the fourth quarter ended Dec. 31, 2009. Exact reported total revenues of $1.2 million for the fourth quarter of 2009, compared to total revenues of ($109,000) during the same period of 2008. Fourth-quarter 2009 total revenues increased due to the quarterly non-cash allocation that resulted from a 2009 intellectual property license transaction. Total revenues for the year ended Dec. 31, 2009, were $4.8 million, compared to total revenues of ($867,000) for the prior year.

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

Sr. VP & CFO Maneesh Arora bought shares of EXAS stock.

Innospec Inc. (IOSP): Exec VP & CFO Ian Cleminson Bought 2,375 Shares

Exec VP & CFO of Innospec Inc. (IOSP) Ian Cleminson bought 2,375 shares on 02/23/2010 at an average price of $10.59. Octel Corp. is a major manufacturer and distributor of fuel additives and other specialty chemicals. Innospec Inc. has a market cap of $252 million; its shares were traded at around $10.65 with a P/E ratio of 6.7 and P/S ratio of 0.4.

Innospec Inc. announced its financial results for the fourth quarter and full year ended December 31, 2009. Total net sales for the fourth quarter were $164.2 million, down 2% from $168.0 million in the corresponding period last year. Net loss was $(0.3) million, or $(0.01) per diluted share, compared with net income of $5.0 million, or $0.20 per diluted share, a year ago.

IOSP is in the portfolios of Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Chuck Royce of ROYCE & ASSOCIATES.

Exec VP & CFO Ian Cleminson, Snr VP Research & Technology Ian Malcolm Mcrobbie, Exec VP, Business Operations Philip John Boon, Senior VP - Human Resources Catherine Hessner, Exec VP & President, Fuel Spec Patrick Williams, and VP, Strategic Planning Brian Watt.

MagneTek Inc. (MAG): Vice President & CFO Marty J Schwenner Bought 2,000 Shares

Vice President & CFO of MagneTek Inc. (MAG) Marty J Schwenner bought 2,000 shares on 02/23/2010 at an average price of $1.5. Magnetek, Inc. manufactures digital power and motion control systems used in material handling, people moving, wireless communications and energy delivery. Magnetek Inc. has a market cap of $45 million; its shares were traded at around $1.45 with and P/S ratio of 0.5.

Magnetek, Inc. reported the results of its fiscal 2010 second quarter ended December 27, 2009. In its fiscal 2010 second quarter Magnetek recorded revenue of $19.2 million, an 8% sequential increase from the first quarter of fiscal 2010, but a 28% decrease from the second quarter fiscal 2009 sales of $26.8 million.

MAG is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES, Jim Simons of Renaissance Technologies LLC, John Keeley of Keeley Fund Management.

President & CEO Peter M Mccormick, Vice President & CFO Marty J Schwenner, Vice President, Controller Ryan D Gile, Director David P Reiland, and Director David A Sr Bloss bought shares of MAG stock.

Navigant Consulting Inc. (NCI): EVP and CFO Thomas A Nardi Bought 2,000 Shares

EVP and CFO of Navigant Consulting Inc. (NCI) Thomas A Nardi bought 2,000 shares on 02/26/2010 at an average price of $11.61. Navigant Consulting, Inc., formerly known as The Metzler Group, Inc. Navigant Consulting Inc. has a market cap of $581.5 million; its shares were traded at around $11.63 with a P/E ratio of 18 and P/S ratio of 0.8. Navigant Consulting Inc. had an annual average earning growth of 15.6% over the past 10 years.

Navigant Consulting, Inc. recently reported fiscal results for the fourth quarter 2009. Revenue before reimbursements (RBR) for fourth quarter 2009 totaled $153 million compared to $174 million in fourth quarter 2008 and $159 million in third quarter 2009.

NCI is in the portfolios of RS Investment Management, Steven Cohen of SAC Capital Advisors, Chuck Royce of ROYCE & ASSOCIATES.

Chairman & CEO William M Goodyear, EVP and CFO Thomas A Nardi, and Director Michael L. Tipsord bought shares of NCI stock.

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