2 Florida Businessmen Interested in Buying Orlando Sentinel to Prevent Sale to Alden Hedge Fund (Orlando Sentinel)
In an attempt to prevent the Orlando Sentinel from being sold to hedge fund Alden Global Capital, two Florida businessmen have said they’re interested in buying the 145-year-old Orlando newspaper to keep it in local hands. One of them, Mason Slaine, a former CEO of Thomson Financial, has expressed interest in buying both of Tribune Publishing’s Florida papers, the Orlando Sentinel and the Sun-Sentinel in South Florida, where he lives.
Adrigo Loves Fishing (Hedge Nordic)
Stockholm (HedgeNordic) – The ambition and ability to find high-potential, undiscovered stocks is one characteristic differentiating Staffan Östlin’s Adrigo Small & Midcap L/S from many other players focusing on the Nordic small- and mid-cap space. “Investors should expect us to continue to find undiscovered stocks and they should expect us to continue to be very curious,” Östlin recently told HedgeNordic. Östlin and his colleague Johan Eriksson appear to have found a new undiscovered gem.
U.S. Companies Resist Activist Investor’s Climate Campaign (The Wall Street Journal)
A billionaire British hedge-fund manager’s campaign to make large public companies set near-term targets for carbon-emission cuts is encountering challenges from U.S. corporations and money managers. More than a dozen companies in Europe, Canada and Australia have signed onto Chris Hohn’s “Say on Climate” initiative, according to data from Institutional Shareholder Services Inc. The drive has also aimed to make companies’ emission targets subject to annual shareholder votes. But in recent weeks, U.S. cable provider Charter Communications Inc. and railroad operator Union Pacific Corp. decided to oppose Mr. Hohn’s proposed shareholder resolutions.
Tuesday 3/30 Insider Buying Report: CLI, VZIO (Nasdaq.com)
At Mack Cali Realty, a filing with the SEC revealed that on Thursday, Director A. Akiva Katz bought 345,963 shares of CLI, at a cost of $15.52 each, for a total investment of $5.37M. So far Katz is in the green, up about 8.2% on their purchase based on today’s trading high of $16.80. Mack Cali Realty is trading up about 3.6% on the day Tuesday. Before this latest buy, Katz made one other buy in the past twelve months, purchasing $6.41M shares at a cost of $14.51 each. And on Monday, Director Julia S. Gouw purchased $735,000 worth of Vizio Holding, purchasing 35,000 shares at a cost of $21.00 a piece. This purchase marks the first one filed by Gouw in the past twelve months. Vizio Holding is trading up about 0.3% on the day Tuesday. So far Gouw is in the green, up about 5.4% on their purchase based on today’s trading high of $22.13.
Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $15.8 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 56,250 shares of FB on 03/25/2021 at an average price of $281.68 a share. The total sale was $15.8 million. Facebook Inc is the world’s largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus.
The Senior Vice-President Corporate Development of FirstService (NASDAQ: FSV) is Selling Shares (Analyst Ratings)
Today, the Senior Vice-President Corporate Development of FirstService (FSV), Alex Nguyen, sold shares of FSV for $2.93M. Based on FirstService’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $775 million and quarterly net profit of $22.03 million. In comparison, last year the company earned revenue of $676 million and had a net profit of $5.24 million. The company has a one-year high of $158.19 and a one-year low of $69.86. Currently, FirstService has an average volume of 47.96K.
CFTC Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading (HedgeCo.net)
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and settling charges against digital asset exchange operator Coinbase Inc., based in San Francisco, California, for reckless false, misleading, or inaccurate reporting as well as wash trading by a former employee on Coinbase’s GDAX platform. The order requires Coinbase to pay a civil monetary penalty of $6.5 million and to cease and desist from any further violations of the Commodity Exchange Act or CFTC regulations, as charged.
