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Weekly CFO Buys Highlight

- By Myra Ramdenbourg

According to GuruFocus Insider Data, the recent CFO buys were: Mattel Inc. (MAT), Martin Midstream Partners LP (MMLP) and Kingsway Financial Services Inc. (KFS).

Mattel Inc. (MAT): CFO Joseph J. Euteneuer bought 20,000 shares

CFO Joseph J. Euteneuer bought 20,000 shares for $13.95 per share on Feb. 22. Since then, the stock price has increased by 6.74%. Mattel Inc. has a market cap of $5.14 billion and its shares were traded around $14.89. The company has a price-sales ratio of 1.14.


Mattel announced its third-quarter results with revenue of $1.52 billion and gross profit of $709.60 million, while net income was $14.90 million. The 2018 total revenue was $4.51 billion, a 40% increase from 2017. The gross profit was $1.79 billion, a 33% increase from the year prior. The net loss was $531 million.

Chairman and CEO Ynon Kreiz bought 71,425 shares for $14.02 per share on Feb. 21. Since then, the stock price has increased by 6.21%. Director Michael J. Dolan bought 30,000 shares for $13.96 per share on Feb. 22. Since then, the stock price has increased by 6.66%. Director Roger Lynch bought 8,000 shares for $13.5 per share on Feb. 19. Since then, the stock price has increased by 10.3%.

Martin Midstream Partners LP (MMLP): Executive VP and CFO Robert D. Bondurant bought 693 shares

Executive VP and CFO Robert D. Bondurant bought 693 shares for $12.6 per share on Feb. 20. Since then, the stock price has increased by 3.49%. Martin Midstream Partners LP has a market cap of $509.201 million and its shares were traded around $13.04. The company has a price-earnings ratio of 11.64 and price-sales ratio of 0.52. The trailing 12-month dividend yield of Martin Midstream Partners LP stocks is 15.34%, while the forward dividend yield is 15.34%. Over the past five years, Martin Midstream Partners LP had an annual average earnings growth of 0.80%.

Martin Midstream Partners announced its fourth-quarter results with revenue of $252.83 million and gross profit of $36.49 million, while net loss was $895,000. The 2018 total revenue was $972.66 million, a 3% increase from 2017. The gross profit was $159.71 million, a 15% decrease from the year prior. The net income was $43.22 million.

President and CEO, 10% Owner Ruben S. Martin bought 66 shares for $12.6 per share on Feb. 20. Since then, the stock price has increased by 3.49%. Executive Vice President/COO Randall Tauscher bought 416 shares for $12.6 per share on Feb. 20. Since then, the stock price has increased by 3.49%. VP/General Counsel/Secretary Chris H. Booth bought 8 shares for $12.6 per share on Feb. 20. Since then, the stock price has increased by 3.49%.

Kingsway Financial Services Inc. (KFS): CFO, EVP and SEC William August Hickey Jr. bought 654 shares

CFO, EVP and SEC William August Hickey Jr. bought 654 shares for $2.29 per share on Feb. 28. Kingsway Financial Services Inc. has a market cap of $51.251 million and its shares were traded around $2.29. The company has a price-sales ratio of 0.41. Kingsway Financial Services Inc. had an annual average earnings growth of 33.40% over the past five years.

Kingsway Financial Services announced its third-quarter results with revenue of $12.28 million and gross profit of $8.35 million, while net loss was $4.19 million. The 2018 total revenue was $45.47 million, a 40% increase from 2017. The gross profit was $30.38 million, a 33% increase from the year prior. The net loss was $15.47 million.

CEO and President John Taylor Maloney Fitzgerald bought 908 shares for $2.29 per share on Feb. 28.

Disclosure: None.

This article first appeared on GuruFocus.