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Weekly CFO Buys Highlight

- By Myra Ramdenbourg

According to GuruFocus Insider Data, the recent CFO buys were: Kingsway Financial Services Inc. (KFS), York Water Co. (YORW) and MMA Capital Management LLC (MMAC).

Kingsway Financial Services CFO bought 232 shares

Chief Operating Officer, Chief Financial Officer and Executive Vice President William August Hickey Jr bought 232 shares at an average price of $6.44 per share on Jan. 17. The stock price has increased by 0.93% since then. Kingsway Financial has a market cap of $139.480 million and its shares were trading around $6.50 on Friday with a price-sales (P/S) ratio of 0.81.


Kingsway Financial Services announced its third-quarter 2016 results with revenues of $45.83 million and gross profit of $13.09 million while the net loss was $1.48 million. The 2015 total revenue was $159.97 million, a 1% increase from the 2014 total revenue. The 2015 gross profit was $44.38 million, a 9% decrease from the 2014 gross profit. The 2015 net income was $768 thousand.

CEO and President Larry G. Swets Jr. bought 324 shares, Vice President Hassan Baqar bought 110 shares and Executive Vice President John Taylor Maloney Fitzgerald bought 97 shares on Jan. 17; all three transactions were made for $6.44 per share. Since those transactions, the price of the stock has increased by 0.93%.

York Water CFO bought 109 shares

CFO Kathleen M. Miller bought 109 shares at an average price of $36.97 per share on Jan. 18. The stock price has decreased by 1.27% since then. York Water has a market cap of $468.710 million and its shares were traded around $36.50 on Friday with a price-earnings (P/E) ratio of 37.97 and P/S ratio of 9.91. The trailing 12-month dividend yield is 1.72% and the forward dividend yield is 1.78%. Over the past 10 years, York Water had an annual average earnings growth of 4.30%.

York Water announced its third-quarter 2016 results with revenues of $12.6 million and gross profit of $10.5 million while the net income was $3.57 million. The 2015 total revenue was $47.09 million, a 3% increase from the 2014 total revenue. The 2015 gross profit was $39.02 million, a 3% increase from the 2014 gross profit. The 2015 net income was $12.49 million.

President and CEO Jeffrey R. Hines bought 416 shares at an average price of $37.68 per share on Jan. 17. The price of the stock has decreased by 3.13% since then. Vice President - Customer Service Vernon L. Bracey bought 12 shares at an average price of $36.31 per share on Jan. 18. The price of the stock has increased by 0.52% since then. That same day, Vice President - Operations John H. Strine bought 55 shares at an average price of $36.99 per share. The price of the stock has decreased by 1.32% since then.

MMA Capital Management CFO bought 200 shares

Executive Vice President and CFO Robert D. Bondurant bought 345 shares at an average price of $18.91 per share on Jan. 9. The stock price has decreased by 4.34% since then. MMA Capital has a market cap of $121.620 million and its shares were trading around $20.40 on Friday with a P/E ratio of 4.06 and P/S ratio of 5.89. Over the past five years, MMA Capital had an annual average earnings growth of 62.60%.

MMA Capital Management announced revenues and gross profit of $7.9 million in its 2016 third-quarter results while the net income was $660,000. The 2015 total revenue and gross profit was $22.48 million, a 27% decrease from the 2014 total revenue and gross profit. The 2015 net loss was $3.51 million.

CEO and President Michael L. Falcone bought 250 shares, and Executive Vice President Gary A. Mentesana bought 1,500 shares on Jan. 12; both purchases were made for $20.15 per share. The stock price has increased by 0.25% since then.

Disclosure: None.

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This article first appeared on GuruFocus.