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Each week I highlight stocks where the CFO has made a purchase on the open market. This week’s list contains some significant CFO buys. Each stock listed had a CFO purchase of at least $50,000. I like to look at insider buys to find stock ideas worth doing more research.

While I don’t totally discount director purchases, I think management purchases tell a better story. Management deals with the day-to-day aspects of the company and should have a better feel for coming catalysts and risks. Of course, they could fall victim to emotional purchases like other investors do, so it’s important to do more research before purchasing shares. If you’re interested in looking at last week’s list, please click here.

Below are the six stocks where the CFO has purchased at least $50,000 of company stock on the open market in the past week:

DCP Midstream Partners LP (DPM): DCP Midstream Partners is a Master Limited Partnership (MLP) that has a relationship with DCP Midstream, Spectra Energy (SE), and ConocoPhillips (COP). The company focuses on natural gas and propane. CFO Angela Minas bought $100,000 of shares on March 9. Her most recent pay is listed at $356,000, so this is a significant investment. After this purchase she owns about 33,000 shares. DCP Midstream Partners is currently yielding 6.1%

GMX Resources (GMXR): CFO James Merrill bought $64,000 worth of company shares on March 7. He currently owns more than 100,000 shares. GMX is an Oklahoma-based oil and natural gas explorer with a $150 million market cap. There has been some takeover chatter recently, and it will be interesting to see what happens as the United States looks domestically for energy source.

Central European Media Enterprises (CETV): CETV is a central and eastern European media company that provides broadcasting, internet, and television content. Time Warner (TWX) recently made a large purchase in the company and now owns nearly 31% of the A shares. CFO David Sach bought nearly $230,000 of shares on March 7 and now owns 40,000 shares valued at more than $800,000.

Ocwen Financial (OCN): CFO John Van Vlack bought 20,000 shares of Ocwen on the open market on March 4. This purchase was valued at more than $207,000. Ocwen Financial is a Florida-based loan servicer and asset manager. Analysts are bullish on the stock. Last week the company received a letter from the FTC asking for “information about its employee training, debt-collection practices, loan modifications and foreclosure procedures.”

Ferro Corp. (FOE): Ferro CFO Thomas Miklich made a $74,000 purchase of company shares on March 2. He currently owns 27,500 shares. Noted value investor Mario Gabelli owns more than 12% of this specialty chemical and material producer. Ferro had a strong second half of last year and recently reported improving revenue and earnings.

Erie Indemnity (ERIE): Erie Indemnity’s shares have gone almost straight up in the past year from a low of around $40 to today’s $70. CFO Marcia Dall seems to think there may be more room to run. She bought about $50,000 of shares on March 1. Erie Indemnity focuses on automobile and homeowners coverage and has a market cap approaching $4 billion. Shares currently yield 2.9%.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Insider Buying: 6 Stocks With CFO Buys of Over $50,000 This Week