Reverence Capital Partners Hits a $1.2bn Hard Cap for Financial Services Fund (Opalesque.com)
Financial services-focused Reverence Capital has hit a $1.2bn hard cap for the final close of its latest investment vehicle, Reverence Capital Opportunities Fund II. The New York-based firm was initially seeking $750m for Fund II but was able to surpass this amount with the support of a global pool of institutional investors. The Fund received strong support from a diverse group of institutional investors across North America, Europe, and Asia. Founded in 2013 by Milton Berlinski, Peter Aberg, and Alex Chulack, Reverence Capital Partners is a private investment firm focused on thematic investing in leading global, middle-market financial services businesses through control and influence oriented investments.
This Hedge Fund Had a Blowout February (Institutional Investor)
Chris Hansen’s Valiant Capital Partners got a major boost from its conservative positioning, short book, and long position in Zillow. A hedge fund with ties to Julian Robertson Jr.’s Tiger Management posted a stunning gain in February amid the market’s ferocious downturn. Chris Hansen’s Valiant Capital Partners Onshore surged an estimated 13.97 percent gain in February. As a result, it is now up 19.51 percent for the year.
Thursday 3/5 Insider Buying Report: VST, WETF (Nasdaq.com)
At Vistra Energy, a filing with the SEC revealed that on Tuesday, Director Scott B. Helm bought 20,000 shares of VST, for a cost of $20.21 each, for a total investment of $404,240. Helm was up about 3.9% on the buy at the high point of today’s trading session, with VST trading as high as $21.00 at last check today. Vistra Energy is trading off about 1% on the day Thursday. This buy marks the first one filed by Helm in the past twelve months. And at WisdomTree Investments, there was insider buying on Monday, by Director Anthony Bossone who purchased 100,000 shares for a cost of $3.89 each, for a total investment of $389,494. Before this latest buy, Bossone made one other buy in the past year, purchasing $499,430 shares at a cost of $4.99 each. WisdomTree Investments, is trading down about 6% on the day Thursday. So far Bossone is in the green, up about 4.0% on their buy based on today’s trading high of $4.05.
Tyler Technologies Inc (TYL) Executive VP and CFO Brian K Miller Sold $3.7 million of Shares (Guru Focus)
Executive VP and CFO of Tyler Technologies Inc., Brian K Miller, sold 11,000 shares of TYL on 03/04/2020 at an average price of $332.61 a share. The total sale was $3.7 million. Tyler Technologies Inc is a provider of integrated information management solutions and services to address the information technology needs in areas of operations for cities, counties, schools and other local government entities.
What Did This CEO Just Do with Personal Shares of Novanta (NASDAQ: NOVT)? (Analyst Ratings)
Yesterday, the CEO of Novanta (NOVT), Matthijs Glastra, sold shares of NOVT for $223.1K. Following Matthijs Glastra’s last NOVT Sell transaction on November 20, 2015, the stock climbed by 80.0%. Based on Novanta’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $160 million and quarterly net profit of $9.22 million. In comparison, last year the company earned revenue of $156 million and had a net profit of $11.64 million. The company has a one-year high of $99.79 and a one-year low of $69.31. NOVT’s market cap is $3.15B and the company has a P/E ratio of 80.79.
