Ascribe Capital Merges with Birch Grove to Form a New Entity to Manage Hedge Funds and Private Credit Vehicles (Opalesque)
U.S. private equity firm American Securities’ credit business Ascribe Capital has merged with Birch Grove Capital (BGC), an alternative credit manager. The combined firm – AS Birch Grove – will manage about $5 billion in assets in an opportunistic hedge fund, private credit vehicles, and par credit and collateralized loan obligation vehicles. AS Birch Grove, along with its funds, will be well-positioned to become a more diversified credit asset management business, said a joint press release. The terms of the deal weren’t disclosed.
Friday 7/2 Insider Buying Report: CVM, VYNT (Nasdaq.com)
On Monday, CEL-SCI’s Director, Peter R. Young, made a $37,971 purchase of CVM, buying 3,000 shares at a cost of $12.66 a piece. Investors have the opportunity to buy CVM at a price even lower than Young did, with shares trading as low as $7.77 at last check today which is 38.6% below Young’s purchase price. CEL-SCI Corporation is trading down about 10.1% on the day Friday. Before this latest buy, Young bought CVM at 3 other times during the past twelve months, for a total cost of $44,827 at an average of $11.49 per share. And at Vyant Bio, there was insider buying on Wednesday, by Director Marcus Boehm who bought 10,000 shares for a cost of $3.72 each, for a trade totaling $37,224. This buy marks the first one filed by Boehm in the past year. Vyant Bio is trading down about 1.1% on the day Friday.
Trader Charged With $3.6 Million Front-Running Scheme (Bloomberg)
A trader at a large Canadian asset management firm was charged with insider trading in federal court in New York on Friday. The firm was not identified by Manhattan federal prosecutors. Sean Wygovsky, 40, allegedly reaped $3.6 million by stealing confidential information to front-run his firm’s trades. Prosecutors said Wygovsky used close relatives and accounts in their names to conceal his activity. Those relatives kicked back to him at least hundreds of thousands of dollars in illegal trading profits, according to the government.
The Chief Executive Officer of Ocado Group (Other OTC: OCDGF) is Selling Shares (Analyst Ratings)
Yesterday, the Chief Executive Officer of Ocado Group (OCDGF), Timothy Steiner, sold shares of OCDGF for $38.86M. The company has a one-year high of $39.25 and a one-year low of $24.65. Currently, Ocado Group has an average volume of 252. The Company has a Price to Book ratio of 9.88. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $33.97, reflecting a -18.6% downside. The insider sentiment on Ocado Group has been positive according to 19 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Applied Materials Inc (AMAT) President and CEO Gary E Dickerson Sold $24.5 million of Shares (Guru Focus)
President and CEO of Applied Materials Inc, Gary E Dickerson, sold 175,000 shares of AMAT on 06/28/2021 at an average price of $140 a share. The total sale was $24.5 million.
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