‘Conflicts are Essential’: Billionaire Ray Dalio’s Lessons from Creating the World’s Largest Hedge Fund (FNLondon.com)
Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, published his book Principles three years ago. He’s still promoting it every day from his LinkedIn account. If you want to be more like Ray, or hope to build a hedge fund even a little bit as successful as Bridgewater, Dalio’s LinkedIn activity is overflowing with ideas. Most of them could be paraphrased as “transparency is great”.
Snap Inc (SNAP) CEO Evan Spiegel Sold $133.7 million of Shares (Guru Focus)
CEO of Snap Inc, Evan Spiegel, sold 5,941,683 shares of SNAP on 09/02/2020 at an average price of $22.51 a share. The total sale was $133.7 million. Snap Inc is a camera application developer. Its main product is Snapchat, a camera application created to help people communicate through short videos and images. It also offers Spectacles, which are camera-enabled sunglasses.
Friday 9/4 Insider Buying Report: COTY, NFE (Nasdaq.com)
At Coty, a filing with the SEC revealed that on Wednesday, Director Olivier Goudet purchased 290,000 shares of COTY, at a cost of $3.56 each, for a total investment of $1.03M. Goudet was up about 9.2% on the purchase at the high point of today’s trading session, with COTY trading as high as $3.88 in trading on Friday. Coty, is trading up about 5.2% on the day Friday. And on Thursday, C. William Griffin bought $706,120 worth of New Fortress Energy, buying 25,000 shares at a cost of $28.24 each. This buy marks the first one filed by Griffin in the past year. New Fortress Energy Inc is trading off about 1.1% on the day Friday.
The Chairman & CEO of Caterpillar (NYSE: CAT) is Buying Shares (Analyst Ratings)
Yesterday, the Chairman & CEO of Caterpillar (CAT), Donald Umpleby, bought shares of CAT for $9.54M. Following this transaction Donald Umpleby’s holding in the company was increased by 1457.83% to a total of $15.8 million. In addition to Donald Umpleby, 5 other CAT executives reported Buy trades in the last month. The company has a one-year high of $151.20 and a one-year low of $87.50. Currently, Caterpillar has an average volume of 360.14K. CAT’s market cap is $79.47 billion and the company has a P/E ratio of 19.60.
Sebi Penalises 12 Individuals for Fraudulent Trading (TheStatesMan.com)
Capital markets regulator Sebi on Thursday imposed a total penalty of Rs 20 lakh on 12 individuals for indulging in fraudulent trading in the scrip of Finalysis Credit & Guarantee Company. The regulator levied a penalty of Rs 18 lakh on 12 individuals, which needs to be paid jointly and severally. Besides, a fine of Rs 2 lakh has been imposed on one of the individuals for not making timely disclosures to the company and BSE regarding the acquisition of shares in FCGCL, thereby violating the PIT (Prohibition of insider trading) norms and SAST (Substantial Acquisition of Shares and Takeovers) norms.
Parker Hannifin Corp (PH) Chairman and CEO Thomas L Williams Sold $2 million of Shares (Guru Focus)
Chairman and CEO of Parker Hannifin Corp., Thomas L Williams, sold 9,396 shares of PH on 09/02/2020 at an average price of $213.48 a share. The total sale was $2 million. Parker Hannifin Corp is a diversified manufacturer of motion and control technologies and systems. It operates in two reportable business segments namely Diversified Industrial and Aerospace Systems. Parker Hannifin Corp has a market cap of $26.52 billion; its shares were traded at around $206.31 with a P/E ratio of 22.26 and P/S ratio of 1.96.
