U.S. Hedge Fund Seeks Board Shake-Up at Toshiba (The Wall Street Journal)
TOKYO—New York-based hedge fund King Street Capital Management LP has proposed new independent directors at Toshiba Corp., according to people familiar with the matter, the first indication of dissatisfaction among the foreign funds that bought into the Japanese industrial conglomerate last year. King Street is one of the biggest shareholders in Toshiba, amassing a 5.2% stake, according to a regulatory filing on May 29. As of March 31, 72% of Toshiba’s shares were held by non-Japanese investors, according to the company.
Exclusive: Third Point Seeks to Tap Campbell Soup Board Challengers – Sources (Reuters)
(Reuters) – Activist investor Daniel Loeb’s hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co’s (CPB.N) board of directors, according to people familiar with the matter. Third Point, which holds a 5.65 percent stake and has been pushing for a sale of Campbell Soup, is not convinced the company has adequately explored that option, the sources said. On Thursday, Campbell Soup said it planned to sell its international and fresh refrigerated-foods units, and only left open the possibility of putting the whole company up for sale down the line.
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Point72 Poached a Junior Citadel Trader and a Junior RBC Analyst (eFinancialCareers.com)
It may be August (just) but this hasn’t dissuaded hedge fund Point72 Asset Management from continuing with its hiring drive. The hedge fund, which was founded by veteran trader Steve Cohen, has hired a former junior natural gas trader from Citadel, and a former financials equity researcher from RBC Capital Markets. Chris Weiss, who spent fourteen months at Citadel after graduating from Cambridge University with a PhD in econometrics, is joining Point72’s discretionary global macro team in September. A specialist in forecasting methodology research, Weiss is understood to be joining Peter Williams’ global macro team as a quant analyst. Williams himself joined Point72 in June 2018 after three years at Balyasny and seven years at Goldman Sachs.
Ackman’s Pershing Square Discloses Reduced Stake in Chipotle (Bloomberg)
Chipotle Mexican Grill Inc. has a new top shareholder after billionaire investor Bill Ackman sold a stake in the burrito chain valued at about $401 million. Ackman’s Pershing Square Capital Management cut its Chipotle stake to 7.4 percent, down from its previous position of 10.4 percent. The company’s new top shareholder is Vanguard Group Inc., with a stake of about 9.1 percent as of June 30, according to data compiled by Bloomberg.
Insider Buying: Alta Mesa Resources Inc (AMR) Director Acquires 3,400,800 Shares of Stock (FairFieldCurrent.com)
Alta Mesa Resources Inc (NASDAQ:AMR) Director Bayou City Energy Management L purchased 3,400,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was purchased at an average price of $4.34 per share, with a total value of $14,759,472.00. The transaction was disclosed in a filing with the SEC.
Insider Selling: HubSpot Inc (HUBS) Insider Sells 30,000 Shares of Stock (XNewsPress.com)
HubSpot Inc (NYSE:HUBS) insider Dharmesh Shah sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $125.59, for a total value of $3,767,700.00. Following the sale, the insider now owns 1,596,983 shares of the company’s stock, valued at approximately $200,565,094.97. The transaction was disclosed in a filing with the Securities & Exchange Commission.
Insider Buying: MYnd Analytics Inc (MYND) Director Acquires 100,000 Shares of Stock (MaconDaily.com)
MYnd Analytics Inc (NASDAQ:MYND) Director John Pappajohn acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average price of $1.63 per share, with a total value of $163,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: Celldex Therapeutics, Inc. (CLDX) Director Purchases $19,200.00 in Stock (FairFieldCurrent.com)
Celldex Therapeutics, Inc. (NASDAQ:CLDX) Director James J. Marino bought 40,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were bought at an average price of $0.48 per share, with a total value of $19,200.00. Following the completion of the transaction, the director now directly owns 65,997 shares in the company, valued at approximately $31,678.56. The transaction was disclosed in a filing with the Securities & Exchange Commission.
Insider Buying: PAVmed Inc (PAVM) Chairman Purchases $35,400.00 in Stock (XNewsPress.com)
PAVmed Inc (NASDAQ:PAVM) Chairman Lishan Aklog purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average cost of $1.18 per share, with a total value of $35,400.00. Following the completion of the acquisition, the chairman now directly owns 618,413 shares in the company, valued at $729,727.34. The acquisition was disclosed in a document filed with the SEC.
