Hedge Fund Manager Hohn Donates £2.4m for Bedside Coronavirus Tests – Report (FNLondon.com)
Sir Chris Hohn, the billionaire founder of TCI Fund Management, has donated £2.4m to a Cambridge University spin-off company that has just been given approval to sell a bedside testing kit for coronavirus. The donation will see Diagnostics for the Real World, the inventor of the test, offer 100 of its machines to NHS hospitals free of charge, according to a report in the Times. The test is 98% accurate and yields results within an hour-and-a-half. The company said its machine could be used to test thousands of patients a day and help get staff back to work, while acknowledging it is not a silver bullet for Britain’s wider testing troubles.
Thursday 4/2 Insider Buying Report: SHO (Nasdaq.com)
At Sunstone Hotel Investors, there was insider buying on Tuesday, by Director Murray J. McCabe who bought 17,942 shares for a cost of $8.36 each, for a trade totaling $150,004. Sunstone Hotel Investors is trading off about 0.2% on the day Thursday.
Judge Agrees to Postpone Former GOP Rep. Collins’ Sentence Over Coronavirus Concerns (Fox News)
A federal judge has agreed to postpone the date on which former New York Republican Rep. Chris Collins will surrender himself and begin a 26-month prison sentence due to the coronavirus pandemic. Collins, who pleaded guilty to charges related to insider trading in 2019, claimed through his legal team that because of his “high risk factors” for suffering serious illness from COVID-19, he should not have to report to the facility in Pensacola, Fla., where he will be serving his sentence.
Financial Adviser Confirms Sen. Inhofe’s Insider Trading Denial (NewsMax.com)
The no-punches-pulled denial of Sen. Jim Inhofe, R.-Okla., that his sale of stocks had nothing to do with “insider knowledge” got a major assist when his financial advisor confirmed his story. In a recent statement, Capital Advisors CEO Keith Goddard – Inhofe’s financial advisor since 1992 – recalled that he began a transition at the senator’s request of all individual equities to a public mutual fund in December 2018. Inhofe had just become chairman of the Senate Armed Services Committee and, as he explained to Newsmax, wanted to sell all of his stocks to avoid any appearance of a conflict of interest.
The EC of Mistras Group (NYSE: MG) is Buying Shares (Analyst Ratings)
Yesterday, the EC of Mistras Group (MG), Sotirios Vahaviolos, bought shares of MG for $396.3K. This is Vahaviolos’ first Buy trade following 12 Sell transactions. In addition to Sotirios Vahaviolos, 6 other MG executives reported Buy trades in the last month. The company has a one-year high of $16.96 and a one-year low of $2.77. MG’s market cap is $109 million and the company has a P/E ratio of 20.30. Currently, Mistras Group has an average volume of 245.25K.
Harvest Capital Credit Corp (HCAP) CEO Joseph A Jolson Bought $70,295 of Shares (Guru Focus)
CEO of Harvest Capital Credit Corp, Joseph A Jolson, bought 14,799 shares of HCAP on 04/01/2020 at an average price of $4.75 a share. The total cost of this purchase was $70,295. Harvest Capital Credit Corp is an externally managed, non-diversified closed-end investment company. It provides customized financing solutions to small to mid-sized companies to generate both current income and capital appreciation.
