Hedge Funds Fend Off Election Uncertainty and Coronavirus Spikes to Finish October in Positive Territory (Reuters)
Hedge funds have notched up positive returns in recent weeks, positioning around the investment uncertainty surrounding the US presidential election and fresh Covid-19 lockdowns with gains inversely correlated to the sharp stock market declines seen at the end of October. New data from Hedge Fund Research shows the industry as a whole was up 0.4 per cent last month, which took the HFRI Fund Weighted Composite Index’s year-to-date performance to 1.2 per cent.
Elliott Management Takes Stake in Software Company F5 Networks (The Wall Street Journal)
Activist investor Elliott Management Corp. has taken a stake in F5 Networks Inc. and spoken to the software company’s management in recent weeks about ways to boost its lagging stock, according to people familiar with the matter. The exact size of Elliott’s stake couldn’t be learned, though it falls below the 5% threshold that would require regulatory disclosure, the people said. Elliott is one of the biggest investors in F5 Networks, a Seattle company with a market value of about $8.8 billion, they added.
Monday 11/9 Insider Buying Report: DNB, ANAT (Nasdaq.com)
On Friday, Dun & Bradstreet Holdings’ Chief Executive Officer, Anthony M. Jabbour, made a $999,780 purchase of DNB, buying 38,000 shares at a cost of $26.31 each. Jabbour was up about 7.2% on the buy at the high point of today’s trading session, with DNB trading as high as $28.21 at last check today. Dun & Bradstreet Holdings is trading up about 4% on the day Monday. Before this latest buy, Jabbour made one other buy in the past year, purchasing $4.4M shares for a cost of $22.00 a piece. And at American National Group, there was insider buying on Thursday, by Director E. Douglas McLeod who purchased 4,250 shares for a cost of $72.33 each, for a total investment of $307,385. Before this latest buy, McLeod made one other purchase in the past twelve months, buying $225,910 shares at a cost of $75.30 each. American National Group is trading up about 6.7% on the day Monday. McLeod was up about 7.8% on the buy at the high point of today’s trading session, with ANAT trading as high as $78.00 in trading on Monday.
Zebra Technologies Corp (ZBRA) CEO Anders Gustafsson Sold $14.5 million of Shares (Guru Focus)
CEO of Zebra Technologies Corp., Anders Gustafsson, sold 42,505 shares of ZBRA on 11/06/2020 at an average price of $342.02 a share. The total sale was $14.5 million. Zebra Technologies Corp develops products for the automatic identification and data capture market. Its products find use in mobiles, computers, barcode scanners, RFID readers, specialty printers.
What Did This CEO Just Do with Personal Shares of Humana (NYSE: HUM)? (Analyst Ratings)
On November 6, the President & CEO of Humana (HUM), Bruce Broussard, sold shares of HUM for $29.15M. Following Bruce Broussard’s last HUM Sell transaction on February 26, 2019, the stock climbed by 134.1%. In addition to Bruce Broussard, 4 other HUM executives reported Sell trades in the last month.
Three Traders Settle Fraud Charges in Edgar Hacking Case (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has announced settlements with Sungjin Cho, Ivan Olefir, and Capyield Systems, Ltd., an entity controlled by Olefir, who were charged with trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. According to the SEC’s complaint, Cho, Olefir, Capyield, and six other defendants participated in a scheme to hack into EDGAR and extract material nonpublic information to use for illegal trading. The complaint alleged that a Ukrainian hacker gained access in 2016 and extracted EDGAR files containing nonpublic earnings results.
Procter & Gamble Co (PG) Chairman, President & CEO David S Taylor Sold $5 million of Shares (Guru Focus)
Chairman, President & CEO of Procter & Gamble Co., David S Taylor, sold 35,000 shares of PG on 11/06/2020 at an average price of $143.31 a share. The total sale was $5 million. Procter & Gamble Co is a consumer goods company. The firm markets its products internationally through various channels which include mass merchandisers, grocery stores, membership club stores, drug stores, and department stores.
