8 Recent CFO Buys of Micro-Cap Stocks

by: The Keating Letter

There were so many insider buys over the past few weeks that I had to break down the CFO buys into different articles based on market cap size. This article contains eight microcap stocks with CFO buys of at least $30,000. Micro caps are generally considered to be stocks with market caps less than $300 million.

NGP Capital Resources Co. (NGPC): CFO Scott Biar bought 26,000 shares on August 11 and 12 at an average price of $6.94. NGP Capital is a business development company focusing on small and midsize energy companies. They are a subsidiary of NGP Energy Capital Management. The stock is near 52-week lows and the latest payout gave shares a yield of 10.5%. NGP Capital sports a $148 million market cap.

Terreno Realty (NYSE:TRNO): Terreno Realty is a $142 million market cap California-based REIT. Shares recently hit a low since going public in early 2010. CFO Michael Coke bought 10,000 shares on August 10 and 11 at an average price of $15.60.

Northwest Pipe Co. (NASDAQ:NWPX): CFO Robin Gantt bought 1,500 shares on August 10 for $26.07 per share. Gantt owns 1,900 shares in total. Northwest Pipe makes pipes for use in water infrastructure applications. The company is based in Washington state and sports a $264 million market cap. Shares had hit 52-week highs before the market’s drop over the last few weeks.

Audiovox (NASDAQ:VOXX): Famous hedge fund manager Seth Klarman has been selling his holdings in Audiovox lately. CFO Frederick Farrar has been buying shares recently. On August 9 he bought 5,000 shares for $6.35 per share. I had previously highlighted Farrar’s purchase last month. His most recent purchase is more than 15% lower than the July buy. Audiovox has electronics brands like Audiovox, RCA, Jensen and others. The company has a $149 million market cap.

Sabra Holdings (NASDAQ:SBRA): Sabra Holdings is a healthcare REIT. Seven insiders made recent purchases including the CEO and CFO Harold Andrews. Andrews bought 4,500 shares on August 8, at an average price of $11.13. Shares are near 52- week lows for this $430 million market cap company. It had a secondary offering for $14.75 at the end of July. Shares have plunged since then.

Olympic Steel (NASDAQ:ZEUS): CFO Richard Marabito bought 2,000 shares August 5, for $24.79 per share. Since he made the purchase the stock price is down 17%. The company is a $224 million market cap Ohio-based steel manufacturer. Shares are near 52-week lows. In July, Goldman Sach and Jefferies recommended the stock with price targets of $29 and $34 respectively.

RAIT Financial Trust (NYSE:RAS): Seven insiders bought shares in the past week including CFO Jack Salmon. Salmon bought 10,000 shares on August 8, at $3.36 per share. RAIT is a Philadelphia-based REIT that sports a $164 million market cap. Shares are near 52-week lows other than a flash crash at the end of June.

Pixelworks (NASDAQ:PXLW): Pixelworks is a video and pixel processing technology provider with a $41 million market cap. CFO Steven Moore bought 40,000 shares between August 5, and August 8. The average purchase price was $2.15. Moore had earlier bought shares at the end of January. That January purchase was significantly higher than his most recent buy.

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

About this article:

Author payment: Seeking Alpha pays for exclusive articles. Payment calculations are based on a combination of coverage area, popularity and quality.
Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here