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Weekly CFO Buys Highlight

- By Myra Ramdenbourg

According to GuruFocus Insider Data, the recent CFO buys were: Global Water Resources Inc. (GWRS) and Kingsway Financial Services Inc. (KFS).

Global Water Resources Inc. (GWRS): CFO and Corporate Secretary Michael J. Liebman bought 1,800 shares

CFO and Corporate Secretary Michael J. Liebman bought 1,800 shares for $9.12 per share on Dec. 27. Since then, the stock price has increased by 0.55%. Global Water Resources Inc. has a market cap of $180.030 million and its shares were traded around $9.17. The company has a P/E ratio of 152.85 and P/S ratio of 5.89. The trailing 12-month dividend yield of Global Water Resources Inc. stocks is 3.00%, while the forward dividend yield is 3.10%.


Global Water Resources announced its third-quarter results with revenue and gross profit of $8.47 million, while the net income was $1.20 million. The 2016 total revenue and gross profit was $29.80 million, a 7% decrease from 2015. The 2016 net loss was $2.85 million.

President and CEO Ronnie L. Fleming bought 1,000 shares for $9.41 per share on Dec. 07. Since then, the stock price has decreased by 2.55%. Director, 10% Owner William S. Levine bought 2,826,615 shares for $9.29 per share on Dec. 18. Since then, the stock price has decreased by 1.29%. Vice President Jonathan C. Corwin bought 183 shares for $9.29 per share on Dec. 12. Since then, the stock price has decreased by 1.29%.

Kingsway Financial Services Inc. (KFS): CFO and EVP William August Hickey Jr. bought 292 shares

CFO and EVP William August Hickey Jr. bought 292 shares for $5.14 per share on Dec. 29. Since then, the stock price has decreased by 0.78%. Kingsway Financial Services Inc. has a market cap of $123.780 million and its shares were traded around $5.10. The company has a P/S ratio of 0.53.

Kingsway Financial Services announced its third-quarter 2017 results with revenues of $52 million and gross profit of $16.61 million. The net loss was $2.54 million. The 2016 total revenue was $176.63 million, a 10% increase from total revenue in 2015. The 2016 gross profit was $42.46 million, a 4% decrease from 2015 gross profit. The 2016 net loss was $214 thousand.

CEO Larry G. Swets Jr. bought 404 shares for $5.14 per share on Dec. 29. Since then, the stock price has decreased by 0.78%. Vice President Hassan Baqar bought 194 shares for $5.14 per share on Dec. 29. Since then, the stock price has decreased by 0.78%. President and COO John Taylor Maloney Fitzgerald bought 325 shares for $5.14 per share on Dec. 29. Since then, the stock price has decreased by 0.78%.

Disclosure: None.

This article first appeared on GuruFocus.