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Each week I highlight significant insider purchases from CFOs. Last week featured six stocks with purchases of at least $20,000. That article can be viewed here. This week, there are four CFO buys of at least that amount. Two buys, Sun Bancorp (NASDAQ:SNBC) and Hatteras Financial (NYSE:HTS), came from secondary offerings. One other, Oxford Lane Capital, was an open market purchase coming a few months after their IPO. As always, this should be a starting point for research.

Below are the four stocks with CFO purchases of at least $20,000 in the past week:

Oxford Lane Capital (NASDAQ:OXLC): Oxford Lane is a closed end fund that invests in senior secured loans of below investment grade companies. CFO Patrick Conroy bought 5,000 shares on March 22 for $17.45. This company went public on January 25 at $20 per share, so Conroy was smart to wait. Oxford Lane also announced their first dividend on March 8 of $0.25 per share. This dividend is expected to increase in future quarters since this first dividend didn’t represent an entire quarter.

Sun Bancorp (SNBC): Seven insiders bought shares as part of a common stock offering. Sun Bancorp is a Wilbur Ross-backed bank. They raised $81 million in the offering. CFO Robert Crowl bought $20,000 worth of shares and now owns 16,667 shares. While it’s tempting to follow turn around expert Ross into the stock, one needs to do a tremendous amount of due diligence on this one. Ross originally bought in last July at $4 a share.

Hatteras Financial (HTS): I highlighted Hatteras Financial in yesterday’s article about CEO buys, which you can see here. In addition to the CEO purchase, CFO Kenneth Steele bought 2,000 shares on March 18 for $28.50. This purchase was part of a secondary offering. Hatteras Financial is a REIT that invests in mortgage backed securities backed by government agencies. The stock yields in the low teens.

InnerWorkings Inc. (NASDAQ:INWK): CFO Joseph Busky bought 7,000 shares of InnerWorkings on March 15 for a total of just under $54,000. If you see conflicting information on some of the aggregator websites, it’s because the original filing incorrectly contained the code for selling. Busky has since filed an amended Form 4. InnerWorkings provides print and promotional materials to customers such as Samsung (OTC:SSNLF), Modell’s, and Peapod. They have a market cap of $338 million. Despite being levered up, the company is looking for acquisitions to hit their 2011 revenue targets. They’re also aiming for $0.29 to $0.32 of EPS for this year.

Source: Insider Buying: 4 Stocks With Recent CFO Purchases