Weekly CFO Buys Highlight: United Community Financial Corp., Reddy Ice Holdings Inc., Salary.com, Communications Systems Inc., Life Partners Holdings Inc.

Weekly CFO Buy Highlights

Author's Avatar
Jul 25, 2009
According to GuruFocus Insider Data, the largest CFO buys during the past week were United Community Financial Corp. (UCFC, Financial), Reddy Ice Holdings Inc. (FRZ, Financial), Salary.com (SLRY, Financial), Communications Systems Inc. (JCS, Financial), and Life Partners Holdings Inc. (LPHI, Financial).

United Community Financial Corp. (UCFC): CFO James R Reske Bought 10,000 Shares

CFO of United Community Financial Corp. (UCFC) James R Reske bought 10,000 shares on 07/21/2009 at an average price of $0.97. United Community Financial Corporation is a very traditional savings and loan company. While the company intends to remain committed to financing home ownership it also believes it must gradually expand the types of loan products it offers in order to meet the needs of its market area and to improve profitability. The company began to commit substantial resources to the commercial lending area which is headed and staffed by individuals with very extensive commercial banking experience. United Community Financial Corp. has a market cap of $36 million; its shares were traded at around $1.16 with and P/S ratio of 0.2. United Community Financial Corp. had an annual average earning growth of 13.7% over the past 10 years. GuruFocus rated United Community Financial Corp. the business predictability rank of 3-star.

Buy: Chief Lending Officer Gregory George Krontiris bought 10,000 shares of UCFC stock on 07/23/2009 at the average price of $1.07; the price of the stock has increased by 8.41% since. Buy: General Counsel Jude J. Nohra bought 200 shares of UCFC stock on 07/22/2009 at the average price of $0.96; the price of the stock has increased by 20.83% since. Buy: President & COO of HS&L Co. Patrick W Bevack bought 10,000 shares of UCFC stock on 07/21/2009 at the average price of $0.96; the price of the stock has increased by 20.83% since. Buy: Director David C Sweet bought 4,300 shares of UCFC stock on 05/07/2009 at the average price of $1.77; the price of the stock has decreased by 34.46% since.

Reddy Ice Holdings Inc. (FRZ): Exec. VP, CFO & Secretary Steven J Janusek Bought 1,724 Shares

Exec. VP, CFO & Secretary of Reddy Ice Holdings Inc. (FRZ) Steven J Janusek bought 1,724 shares on 07/15/2009 at an average price of $1.6. Reddy Ice manufactures and distributes packaged ice under the Reddy Ice brand name. Reddy Ice Holdings Inc. has a market cap of $50 million; its shares were traded at around $2.25 with a P/E ratio of 3.4 and P/S ratio of 0.1.

Reddy Ice Holdings Inc. recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. The company announced its total revenues of $57.9 million and a net loss of $0.44 per diluted share. This is compared to the same quarter last year which included total revenues of $64.3 million and a net loss of $0.30 per diluted share.

Buy: CEO & President Gilbert M. Cassagne bought 6,750 more shares of FRZ stock on 07/02/2009 at the average price of $1.6, 18,750 more shares of FRZ stock on 07/08/2009 at the average price of $1.59, 18,750 more shares of FRZ stock on 07/13/2009 at the average price of $1.58, 18,750 more shares of FRZ stock on 07/16/2009 at the average price of $1.6, and 3,330 shares of FRZ stock on 07/17/2009 at the average price of $1.6; the price of the stock has increased by 40.63% since. Buy: Sr VP - National Acct Sales Steven A. Wilson bought 2,600 more shares of FRZ stock on 06/19/2009 at the average price of $1.58 and 3,900 shares of FRZ stock on 07/06/2009 at the average price of $1.6; the price of the stock has increased by 40.63% since. Buy: VP-Finance & Treasurer Mark A Steffek bought 16,945 shares of FRZ stock on 03/16/2009 at the average price of $1.48; the price of the stock has increased by 52.03% since. Buy: Director Michael H Rauch bought 2,500 shares of FRZ stock on 03/13/2009 at the average price of $1.4; the price of the stock has increased by 60.71% since. Sell: Activist Value Fund L Shamrock sold 80,000 shares of FRZ stock on 05/27/2009 at the average price of $1.94; the price of the stock has increased by 15.98% since.

Salary.com (SLRY): CFO Bryce Anthony Chicoyne Bought 1,000 Shares

CFO of Salary.com (SLRY) Bryce Anthony Chicoyne bought 1,000 shares on 07/16/2009 at an average price of $3. SALARY.COM INC. is a leading provider of on-demand compensation and talent management solutions helping businesses and individuals manage pay and performance. Salary.com's highly configurable software applications proprietary data and consulting services help HR and compensation professionals automate streamline and optimize critical talent management processes including: market pricing compensation planning performance management competency management and succession planning. Built with compensation and competency data at the core Salary.com solutions provide businesses of all sizes with the most productive and cost-effective way to manage and inspire their most important asset - their people. Salary.com has a market cap of $48.6 million; its shares were traded at around $2.89 with and P/S ratio of 1.7.

Salary.com recently reported fiscal results for its fourth financial quarter 2009 ended March 31, 2009. The company announced its total revenue of $11.3 million and net loss of $8.8 million ($0.55 per diluted share). This is compared to the same quarter last year which included a net loss of $3.6 million ($0.26 per diluted share).

Communications Systems Inc. (JCS): CFO David T Mcgraw Bought 590 Shares

CFO of Communications Systems Inc (JCS) David T Mcgraw bought 590 shares on 07/23/2009 at an average price of $9.31. Communications Systems manufactures and markets connectors and wiring devices for voice data and video communications under the ``Suttle`` brand name in the United States and internationally. The company also manufactures a line of high performance fiber-optic connectors interconnect devices and fiber cable assemblies for the telecommunications computer and electronics markets. The company has several manufacturing plants in the United States and abroad. Communications Systems Inc has a market cap of $94.9 million; its shares were traded at around $11.37 with a P/E ratio of 12.7 and P/S ratio of 0.7. The dividend yield of Communications Systems Inc stocks is 4.8%. Communications Systems Inc had an annual average earning growth of 14.4% over the past 5 years.

Buy: CFO David T Mcgraw bought 590 shares of JCS stock on 07/23/2009 at the average price of $9.31; the price of the stock has increased by 22.13% since. Buy: Pres-Suttle Division Bruce C Blackwood bought 262 shares of JCS stock on 07/23/2009 at the average price of $9.31; the price of the stock has increased by 22.13% since.

Life Partners Holdings Inc. (LPHI): CFO David Michael Martin Bought 250 Shares

CFO of Life Partners Holdings Inc (LPHI) David Michael Martin bought 250 shares on 07/17/2009 at an average price of $16.18. Life Partners Holding is a licensed provider of viatical and senior settlements collectively referred to as life settlements. Life Partners Holdings Inc has a market cap of $278.3 million; its shares were traded at around $18.73 with a P/E ratio of 13.6 and P/S ratio of 2.7. The dividend yield of Life Partners Holdings Inc stocks is 1.6%.

LPHI is in the portfolios of Daniel Loeb of Third Point, LLC.Ă‚

Buy: Corporate Secretary Robert Scott Peden bought 650 shares of LPHI stock on 07/14/2009 at the average price of $15.53; the price of the stock has increased by 20.61% since. Buy: Director Fred Dewald bought 1,000 shares of LPHI stock on 03/28/2009 at the average price of $15.38; the price of the stock has increased by 21.78% since.

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

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.