Hedge Fund Millionaire Crispin Odey Draws Up Contingency Plans Ahead of Indecent Assault Trial (FnLondon.com)
The hedge fund manager was charged with indecent assault last month and his trial begins on 28 September. Hedge fund boss Crispin Odey has drafted emergency plans for his firm Odey Asset Management, including closing his flagship fund, which could be set in motion if he is convicted of indecent assault. According to reporting by The Sunday Times, Odey Asset Management is said to have prepared contingency plans should the businessman no longer be available to work following his trial.
Billionaire Bill Ackman Boosted Stakes in Restaurant Brands and Lowe’s Last Quarter While Dumping Berkshire Stock (Business Insider)
Billionaire investor Bill Ackman raised bets on Restaurant Brands and Lowe’s in the second quarter, according to a Securities and Exchange Commission filing published Friday. His firm Pershing Square Capital bought more than 10 million more shares of Burger King-parent Restaurant Brands over the three-month period. Ackman’s stake in the company now totals 25.1 million shares collectively worth roughly $1.4 billion. Pershing Square’s position in Lowe’s swelled by more than 450,000 shares to about 12.7 million shares. The position is worth $1.7 billion.
Monday 8/17 Insider Buying Report: IAC, GBDC (Nasdaq.com)
On Wednesday, Match Group (IAC)’s Director, Michael D. Eisner, made a $4.98M buy of IAC, purchasing 40,555 shares at a cost of $122.85 a piece. Eisner was up about 3.6% on the buy at the high point of today’s trading session, with IAC trading as high as $127.26 in trading on Monday. Match Group is trading up about 2.3% on the day Monday. This purchase marks the first one filed by Eisner in the past twelve months. And at Golub Capital BDC (GBDC), there was insider buying on Wednesday, by Chief Executive Officer David Golub who purchased 76,400 shares at a cost of $12.39 each, for a trade totaling $946,619. Golub Capital BDC is trading up about 1.4% on the day Monday. So far Golub is in the green, up about 3.1% on their buy based on today’s trading high of $12.78.
The President and Director of Lemaitre Vascular (NASDAQ: LMAT) is Buying Shares (Analyst Ratings)
Today, the President and Director of Lemaitre Vascular (LMAT), David B. Roberts, bought shares of LMAT for $200.5K. Following this transaction David B. Roberts’ holding in the company was increased by 19.39% to a total of $1.24 million. In addition to David B. Roberts, one other LMAT executive reported Buy trades in the last month.
Notable Insider Buys at Harley-Davidson, Xerox And Many More (Benzinga)
Insiders continued to add shares despite overall market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week. The chief executive officer at Red Rock Resorts Inc (RRR), Frank Fertitta, and another director bought via trust 2.31 million shares altogether of this casino operator at $13.90 to $15.64 apiece. That totaled more than $33.21 million. Both of them purchased some shares in the previous week too. A director at Axis Capital Holdings Limited (AXS) returned last week to add to his stake. The 554,000 shares of this insurer indirectly scooped up, at prices ranging from $44.35 to $46.00, totaled more than $25.21 million. This director also bought over $30 million in shares in the previous week.
