Friday 8/23 Insider Buying Report: BCSF, CFG (Nasdaq.com)
On Thursday, Bain Capital Specialty Finance (BCSF)’s CEO, Michael A. Ewald, made a $500,550 purchase of BCSF, buying 27,483 shares at a cost of $18.21 each. Bain Capital Specialty Finance is trading up about 1.2% on the day Friday. Before this latest buy, Ewald purchased BCSF on 13 other occasions during the past twelve months, for a total investment of $503,121 at an average of $20.09 per share. And at Citizens Financial Group (CFG), there was insider buying on Tuesday, by Director Charles John Koch who purchased 15,000 shares at a cost of $32.45 each, for a total investment of $486,750. Before this latest buy, Koch made one other purchase in the past year, buying $508,480 shares at a cost of $36.32 each. Citizens Financial Group is trading off about 0.1% on the day Friday. So far Koch is in the green, up about 1.9% on their purchase based on today’s trading high of $33.08.
The President & CEO of Union Bankshares Inc (NASDAQ: UNB) is Buying Shares (Analyst Ratings)
Today, the President & CEO of Union Bankshares Inc (UNB), David Scott Silverman, bought shares of UNB for $22K. Following this transaction David Scott Silverman’s holding in the company was increased by 6.83% to a total of $427.9K. Based on Union Bankshares Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $11.38 million and quarterly net profit of $2.53 million.
Insiders Roundup: Facebook, Avalara (Guru Focus)
The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+,” the duration to “August 2019” and All Insider Sales to “$200,000+.” According to these filters, the following are trades from company insiders this week. Tiger Global Management LLC, 10% owner, bought 640,000 shares of Sunrun Inc. (NASDAQ:RUN) for an average price of $15.78 per share on Aug. 21. The provider of solar services has a market cap of $1.82 billion and an enterprise value of $4.15 billion. It has insider ownership of 7.77% and institutional ownership of 97.21%.
United States: SEC Data Analysis in Insider Trading Investigations (Mondaq.com)
Recent SEC enforcement actions charging senior lawyers at Apple and SeaWorld with insider trading provide reason to dust off company insider trading policies and assess whether updates or additional training are needed. As sanctuaries for corporate America’s most valuable confidential information, law departments are among the first places that regulators look when trying to determine the source of a trader’s material nonpublic information. Insider trading enforcement remains a cornerstone of the SEC’s enforcement program. Over the past ten years, the SEC has significantly enhanced its insider trading surveillance, detection and investigative capabilities.
Insider Activity: Ehealth (EHTH) Board Member Buys $210k in Stock (InvestorsObserver.com)
Dale B Wolf, a member of the board of directors at Ehealth, Inc. (EHTH), bought 2,000 shares of the company’s common stock on Aug 19. At $105.05 per share, Wolf paid a total of $210,095 for the new shares.
SEC Obtains Final Judgment Against CEO in Penny Stock Fraud Scheme (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against the former CEO of a penny stock company based in the Chicago suburbs, ordering the payment of more than $860,000 in monetary remedies. The SEC charged Andrew J. Kandalepas, the former CEO, President, and Chairman of the Board of Wellness Center USA, Inc. (Wellness), with making false and misleading statements in Wellness’s SEC filings and press releases and with manipulating the company’s stock. According to the SEC’s complaint, filed April 12, 2018, Kandalepas took over $450,000 in unauthorized withdrawals from the company and then concealed his actions by causing Wellness to mischaracterize his withdrawals as salary, prepayments, or loans in false and misleading Forms 10-K and 10-Q.
