Hedge Fund Short Sellers Ramp up Bets Against Hargreaves Lansdown(Hedge Week)
Hedge funds are ramping up their negative positions against Hargreaves Lansdown, with the UK retail-focused investment and advisory firm now the most shorted stock among FTSE 100 names, new market data from Ortex Analytics shows. Some 7.24 per cent of Hargreaves Lansdown’s free float shares are on loan, up from 6.52 per cent last month, with the firm also the most shorted FTSE 100 name in terms of days to cover, London-based equity research and short interest data provider Ortex has found.
Finding “Superstar” Needles in a Haystack (Hedge Nordic)
Stockholm (HedgeNordic) – History shows that most stock market returns usually come from a tiny fraction of companies. In the past decade or so, a handful of technology heavyweights – such as Apple, Facebook, Amazon, Microsoft, Netflix, and Google’s parent company, Alphabet – have carried the S&P 500 on their shoulders. Ernst Grönblom, the architect of a high-conviction strategy – currently powering equity fund UB Thales Argo – that previously propelled HCP Focus to the top of BarclayHedge’s and Citywire’s rankings of the world’s best long-only equity funds, argues that this phenomenon to a large extent explains the longer-than-expected – “anomalistic” – run of outperformance of growth stocks against their value counterparts.
A Retail Trader Who Quadrupled Her AMC Holdings to Half a Million Dollars is Trolling Citadel’s Ken Griffin with Plane Banners and Truck Ads (Business Insider)
One retail trader isn’t letting up on her trolling campaign against Citadel Securities and its founder, Ken Griffin. The trader, 40-year-old Katherine Larsen of Oceanside, California, has bought mobile truck ads, plane banners, and Times Square digital billboards in an effort to elevate views of retail traders who feel they were harmed when Robinhood halted trading of meme stocks like GameStop and AMC, according to a profile from Institutional Investor.
Notable Regional Management Insider Trades $2.1M In Company Stock (Benzinga)
Brian Fisher, Insider at Regional Management (NYSE:RM), made a large buy and sell of company shares on November 12, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Brian Fisher exercised options to purchase 34,287 Regional Management shares at prices ranging from $14.75 to $17.76 per share for a total of $538,327 on November 12. They then sold their shares on succeeding transactions in the open market. They sold at prices ranging from $60.21 to $60.44 to raise a total of $1,547,444 from the stock sale.
The Principal Accounting Officer of Aon (NYSE: AON) is Selling Shares (Analyst Ratings)
On November 12, the Principal Accounting Officer of Aon (AON), Michael Neller, sold shares of AON for $745.3K. Following Michael Neller’s last AON Sell transaction on March 18, 2021, the stock climbed by 77.1%. In addition to Michael Neller, one other AON executive reported Sell trades in the last month. Based on Aon’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.7 billion and GAAP net loss of -$900,000,000.
Monday 11/15 Insider Buying Report: LGF.B, ABCL (Nasdaq.com)
On Wednesday, Lions Gate Entertainment’s Director, Gordon Crawford, made a $1.57M purchase of LGF.B, buying 100,000 shares at a cost of $15.71 a piece. So far Crawford is in the green, up about 6.2% on their buy based on today’s trading high of $16.68. Lions Gate Entertainment is trading up about 3.6% on the day Monday. This purchase marks the first one filed by Crawford in the past twelve months. And on Thursday, Chief Financial Officer Andrew Booth purchased $993,130 worth of AbCellera Biologics, purchasing 67,500 shares at a cost of $14.71 a piece. AbCellera Biologics is trading up about 8.5% on the day Monday. Booth was up about 14.0% on the buy at the high point of today’s trading session, with ABCL trading as high as $16.77 at last check today.
Knowles Corp (KN) President & CEO Jeffrey Niew Sold $2.6 Million of Shares (Guru Focus)
President & CEO of Knowles Corp, Jeffrey Niew, sold 121,396 shares of KN on 11/12/2021 at an average price of $21.62 a share. The total sale was $2.6 million.
