Weekly CFO Sells Highlight: LOOP, ZAGG, MMC, LQDT, HAIN, SCVL, COO

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Sep 11, 2011
According to GuruFocus Insider Data,the largest CFO sells during the past week were: LoopNet Inc, Zagg Inc, Marsh & McLennan Cos, Liquidity Services Inc, Hain Celestial Group Inc, Shoe Carnival Inc, and Cooper Cos.


LoopNet Inc. (LOOP, Financial): CFO and VP, Finance/Admin Brent Stumme Sold 92,449 Shares


CFO and VP, Finance/Admin of LoopNet Inc. (LOOP) Brent Stumme sold 92,449 shares on 09/07/2011 at an average price of $17.46. LoopNet Inc is the online marketplace for commercial real estate in the United States, based on the number of monthly unique visitors to our marketplace. Loopnet Inc. has a market cap of $576.2 million; its shares were traded at around $17.26 with a P/E ratio of 72 and P/S ratio of 8.8.


For its second quarter 2011, LoopNet Inc. announced revenues of $21.6 million, compared to revenues of $19.4 million prior year quarter. Net income for the quarter was $1.9 million ($0.04 per diluted share), compared to $3.2 million ($0.07) prior year quarter. Net income of the company for the second quarter 2010 included litigation related recoveries of $0.02 per diluted share.


CEO Richard J Boyle Jr sold 217,749 shares of LOOP stock on 09/07/2011 at the average price of 17.48. CFO and VP, Finance/Admin Brent Stumme sold 92,449 shares of LOOP stock on 09/07/2011 at the average price of 17.46. Brent Stumme owns at least 127,879 shares after this. The price of the stock has decreased by 1.15% since. President and COO Thomas P Byrne and Chief Technology Officer & SVP Wayne B Warthen both also sold shares of LOOP stock this past week.


Zagg Inc. (ZAGG, Financial): CFO Brandon T Obrien Sold 74,853 Shares


CFO of Zagg Inc. (ZAGG) Brandon T Obrien sold 74,853 shares on 09/09/2011 at an average price of $14.93. ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. Zagg Inc. has a market cap of $412.1 million; its shares were traded at around $14.02 with a P/E ratio of 26 and P/S ratio of 5.4.


Zagg Inc. reported revenues of $38.8 million during its second quarter 2011. This marks a 158% increase over prior year quarter. Net income also increased to $2.7 million ($.10 per diluted share) – when compared to income of $1.9 million ($0.08) last year. During this quarter the company also acquired iFrogz – a phone accessory company - for $50 million in cash plus 4.4 million in restricted Zaggs stock.


CFO Brandon T Obrien sold 74,853 shares of ZAGG stock on 09/09/2011 at the average price of 14.93. Brandon T Obrien owns at least 436,000 shares after this. The price of the stock has decreased by 6.1% since.


Marsh & McLennan Cos. (MMC, Financial): EVP & CFO Vanessa Ames Wittman Sold 150,000 Shares


EVP & CFO of Marsh & McLennan Cos. (MMC) Vanessa Ames Wittman sold 150,000 shares on 09/07/2011 at an average price of $29.75. The price of the stock has decreased by 3.97% since.


Marsh & McLennan is primarily a holding company which, through its subsidiaries and affiliates, provides clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management and consulting. Marsh & Mclennan Cos. has a market cap of $15.48 billion; its shares were traded at around $28.57 with a P/E ratio of 16.4 and P/S ratio of 1.6. The dividend yield of Marsh & Mclennan Cos. stocks is 3.1%. Marsh & Mclennan Cos. had an annual average earnings growth of 26.6% over the past 5 years.


Marsh & McLennan Cos. Recently released its second quarter 2011 earnings. For this quarter the company reported revenues of $2.9 billion – an increase of 5% from the 2010 quarter. Net income was $325 million, a 31% increase from the $248 million last year. Operating income rose 11% to $472 million


Liquidity Services Inc. (LQDT, Financial): CFO, Treasurer James M Rallo Sold 50,000 Shares


CFO, Treasurer of Liquidity Services Inc. (LQDT) James M Rallo sold 50,000 shares on 09/08/2011 at an average price of $30.77. Liquidity Services, Inc. is a online auction marketplace for wholesale, surplus and salvage assets. Liquidity Services Inc. has a market cap of $865.6 million; its shares were traded at around $30.59 with a P/E ratio of 37.3 and P/S ratio of 3.


CFO, Treasurer James M Rallo sold 50,000 shares of LQDT stock on 09/08/2011 at the average price of 30.77. The price of the stock has decreased by 0.58% since. Director Jaime Mateus-tique sold 50,000 shares of LQDT stock on 09/07/2011 at the average price of 30.48. VP, Gen. Counsel & Secretary James Edwin Williams sold 43,112 shares of LQDT stock on 09/07/2011 at the average price of 30.87. Other insiders sold shares of LQDT stock during the past week as well.


Hain Celestial Group Inc. (HAIN, Financial): Executive Vice President & CFO Ira J Lamel Sold 46,400 Shares


Executive Vice President & CFO Ira J Lamel sold 46,400 shares of HAIN stock on 09/09/2011 at the average price of 31.96. Ira J Lamel owns at least 24,121 shares after this. The price of the stock has decreased by 0.66% since.


The Hain Celestial Group is a natural, specialty and snack food company. Hain Celestial Group Inc. has a market cap of $1.38 billion; its shares were traded at around $31.75 with a P/E ratio of 23.5 and P/S ratio of 1.2.


Shoe Carnival Inc. (SCVL, Financial): EXECUTIVE VICE PRESIDENT - CFO W Kerry Jackson Sold 40,000 Shares


EXECUTIVE VICE PRESIDENT - CFO of Shoe Carnival Inc. (SCVL) W Kerry Jackson sold 40,000 shares on 09/02/2011 at an average price of $24.81. Shoe Carnival, Inc. is a high volume, value-oriented retailer of family footwear. Shoe Carnival Inc. has a market cap of $293.8 million; its shares were traded at around $22.17 with a P/E ratio of 11.2 and P/S ratio of 0.4. Shoe Carnival Inc. had an annual average earnings growth of 0.1% over the past 10 years.


For its second quarter 2011, Shoe Carnival Inc. reported net sales of $166.7 milllion, compared to $165.4 million prior year quarter. Net income was $2. 7 million – a drop from the $4.1 million last year.


EXECUTIVE VICE PRESIDENT - CFO W Kerry Jackson sold 40,000 shares of SCVL stock on 09/02/2011 at the average price of 24.81. W Kerry Jackson owns at least 63,580 shares after this. The price of the stock has decreased by 10.64% since. EXEC. VP - STORE OPERATIONS Timothy T Baker sold 5,000 shares of SCVL stock on 09/07/2011 at the average price of 24.25.


Cooper Cos. (COO, Financial): Sr. VP and CFO Eugene J Midlock Sold 29,250 Shares


Sr. VP and CFO of Cooper Cos. (COO) Eugene J Midlock sold 29,250 shares on 09/08/2011 at an average price of $75.39. The Cooper Companies, Inc., through its principal subsidiaries, develops, manufactures and markets healthcare products. Cooper Cos. has a market cap of $3.45 billion; its shares were traded at around $73.45 with a P/E ratio of 18.1 and P/S ratio of 3. The dividend yield of Cooper Cos. stocks is 0.1%. Cooper Cos. had an annual average earnings growth of 5.5% over the past 10 years. GuruFocus rated Cooper Cos. the business predictability rank of 2.5-star.


Cooper Cos. Recently reported its 3rd quarter 2011 results. During this quarter, the company showed net income of $38.1 million, a slight decline from the $39.7 million prior year quarter.However, its revenue increased 19% to $351.4 million from $295.6 million last year.


Sr. VP and CFO Eugene J Midlock sold 29,250 shares of COO stock on 09/08/2011 at the average price of 75.39. Eugene J Midlock owns at least 10,822 shares after this. The price of the stock has decreased by 2.57% since. Director Stanley Md Zinberg sold 7,500 shares of COO stock on 09/07/2011 at the average price of 75.


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


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