Gallant Capital Wraps Up the Maiden Fund at $378m, Beating Its $300m Target (Opalesque.com)
Los Angeles-based private equity firm Gallant Capital Partners announced the final closing of its inaugural fund, Gallant Capital Partners I with $378 million in total commitments. Fund I reached its hard-cap and was substantially oversubscribed, exceeding its target of $300 million, said a press release from the company executing an operationally focused strategy. Investors include public and corporate pension funds, financial institutions, insurance companies, endowments and foundations, fund-of-funds, wealth managers and family offices from North America and Europe, it said.
Hedge Funds in North America Attract Investors Seeking Haven (Bloomberg)
Hedge funds based in North America are providing a haven to investors grappling with rising U.S.-China tensions and a global economy stalled by the Covid-19 pandemic. About 32% of allocators plan to increase investments to North America-based managers, compared with 18% at the start of the year, a JPMorgan Chase & Co. survey found. Most other regions, including Asia-Pacific, saw decreased interest.
Medpace Holdings Inc (MEDP) President & CEO August J. Troendle Sold $7.2 million of Shares (Guru Focus)
President & CEO of Medpace Holdings Inc., August J. Troendle, sold 66,123 shares of MEDP on 07/24/2020 at an average price of $108.87 a share. The total sale was $7.2 million. Medpace Holdings Inc is a clinical contract research organisation. It is engaged in providing scientifically-driven clinical research-based drug and medical device development services to the biotechnology, pharmaceutical and medical device industries.
Tuesday 7/28 Insider Buying Report: T, LMST (Nasdaq.com)
At AT&T, a filing with the SEC revealed that on Thursday, Director Stephen J. Luczo purchased 100,000 shares of T, at a cost of $29.69 each, for a total investment of $2.97M. Investors have the opportunity to pick up T at a price even lower than Luczo did, with the stock changing hands as low as $29.20 at last check today which is 1.7% under Luczo’s purchase price. AT&T is trading up about 1.2% on the day Tuesday. Before this latest buy, Luczo purchased T at 2 other times during the past year, for a total investment of $4.82M at an average of $35.43 per share. And on Monday, Director W. Glenn Hogan bought $206,336 worth of Limestone Bancorp, buying 18,763 shares at a cost of $11.00 a piece. Before this latest buy, Hogan bought LMST at 3 other times during the past year, for a total cost of $108,538 at an average of $9.66 per share. Limestone Bancorp is trading trading flat on the day Tuesday. Thus far Hogan is down about 0.3% on the purchase, with the stock changing hands as low as $10.96 at last check today.
Kyle Bass Buys Equity Stake in Real Estate Development and Management Companies (BizJournals.com)
Dallas hedge fund manager Kyle Bass has acquired a 50 percent equity stake in four real estate development and management companies, according to a news release. The companies are owned by Frank Zaccanelli. Bass’ company, Mossad Bass LLC acquired 50 percent of Fiamma Partners, Fiamma Management and Fiamma Statler, which have ownership interests in The Statler Hotel in downtown Dallas.
The Non-Executive of Naspers (Other OTC: NAPRF) is Selling Shares (Analyst Ratings)
Yesterday, the Non-Executive of Naspers (NAPRF), Steve J Z Pacak, sold shares of NAPRF for $120.9M. Following Steve J Z Pacak’s last NAPRF Sell transaction on September 19, 2019, the stock climbed by 25.5%. In addition to Steve J Z Pacak, one other NAPRF executive reported Sell trades in the last month. The company has a one-year high of $250.65 and a one-year low of $107.50. NAPRF’s market cap is $80.05 billion and the company has a P/E ratio of 26.60.
Globe Life Inc (GL) Co-Chairman & CEO Gary L Coleman Sold $2 million of Shares (Guru Focus)
Co-Chairman & CEO of Globe Life Inc., Gary L Coleman, sold 25,000 shares of GL on 07/27/2020 at an average price of $79.23 a share. The total sale was $2 million. Globe Life Inc is a life and health insurance provider. The company through its Life Insurance and Health Insurance segments offers various plans and policies to several niche target groups. Globe Life Inc has a market cap of $8.42 billion; its shares were traded at around $79.12 with a P/E ratio of 11.90 and P/S ratio of 1.89.
