Weekly CFO Buys Highlight
- By Myra Ramdenbourg
According to GuruFocus Insider Data, the recent CFO buys were: Chesapeake Energy Corp (CHK), Pacific Mercantile Bancorp (PMBC) and AgroFresh Solutions Inc (AGFS).
Chesapeake Energy Corp. (CHK): Executive Vice President and CFO Domenic J. Dell'osso Jr. bought 50,000 shares
Executive Vice President and CFO Domenic J. Dell'osso Jr. bought 50,000 shares for $1.88 per share on Dec. 20. Since then, the stock price has decreased by 5.85%. Chesapeake Energy Corp. has a market cap of $2.2 billion and its shares were traded around $1.77. The company has a price-earnings ratio of 2.67 and price-sales ratio of 0.17.
Warning! GuruFocus has detected 4 Warning Signs with CHK. Click here to check it out.
The intrinsic value of CHK
Chesapeake Energy Corp. announced its third-quarter results with revenue of $2.38 billion and gross profit of $666 million, while the net income was $84 million. The 2018 total revenue was $9.41 billion, a 21% increase from 2017. The 2018 gross profit was $2.82 billion, a 466% increase from the year prior. The 2018 net income was $949 million.
CEO Robert D. Lawler bought 100,000 shares for $1.86 per share on Dec. 20. Since then, the stock price has decreased by 4.84%. Executive Vice President of Exploration and Production Frank J. Patterson bought 80,000 shares for $1.93 per share on Dec. 20. Since then, the stock price has decreased by 8.29%. Director Archie W. Dunham bought 1,200,000 shares for $2.02 per share on Dec. 19. Since then, the stock price has decreased by 12.38%.
Pacific Mercantile Bancorp (PMBC): Executive Vice President and CFO Curt Alan Christianssen bought 20,000 shares
Executive Vice President and CFO Curt Alan Christianssen bought 20,000 shares for $7.57 per share on Dec. 13. Since then, the stock price has decreased by 1.59%. Pacific Mercantile Bancorp has a market cap of $163.280 million and its shares were traded around $7.45. The company has a price-earnings ratio of 6.89 and price-sales ratio of 3.36.
Pacific Mercantile Bancorp announced its third-quarter results with revenue and gross profit of $12.80 million, while the net income was $3.90 million. The 2017 total revenue and gross profit was $48.12 million, a 159% increase from 2016. The 2017 net income was $10.45 million.
Director John Md Thomas sold 7,000 shares for $7.53 per share on Dec. 7. Since then, the stock price has decreased by 1.06%.
AgroFresh Solutions Inc. (AGFS): CFO Graham G. Miao bought 10,000 shares
CFO Graham G. Miao bought 10,000 shares for $3.75 per share on Dec. 21. Since then, the stock price has decreased by 0.27%. AgroFresh Solutions Inc. has a market cap of $188.640 million and its shares were traded around $3.74. The company has a price-sales ratio of 1.05.
AgroFresh Solutions announced its 2018 third-quarter results with revenues of $68.70 million and gross profit of $52.04 million while the net income was $3.47 million. The 2017 total revenue was $164.03 million, a 3% increase from the 2016 total revenue. The 2017 gross profit was $131.37 million, a 0.8% increase from the 2016 gross profit. The 2017 net income was $23.47 million.
CEO Jordi Ferre bought 10,000 shares for $4.12 per share on Dec. 20. Since then, the stock price has decreased by 9.22%. Director Gregory M. Freiwald bought 25,000 shares for $3.97 per share on Dec. 19. Since then, the stock price has decreased by 5.79%. Director Nance K. Dicciani bought 5,000 shares for $3.92 per share on Dec. 17. Since then, the stock price has decreased by 4.59%.
Disclosure: none.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 4 Warning Signs with CHK. Click here to check it out.
The intrinsic value of CHK
