Balbec Capital Raises USD1.2bn for Fourth Global Credit Fund (Hedge Week)
Alternative asset Manager Balbec Capital (Balbec) has held the final close of InSolve Global Credit Fund IV, with total commitments of approximately USD1.2 billion, exceeding the Fund’s USD1 billion target and making it Balbec’s largest fund to date. The fund received significant backing from current Balbec clients and welcomed a number of new global institutional investors. Consistent with the successful approach of Balbec’s predecessor vehicles, the Fund will seek to identify and capitalise on investment opportunities with a focus on a subset of non-performing loans where the borrower or assets are subject to an insolvency proceeding, restructuring, liquidation, or other form of distress. Balbec will leverage its extensive experience and global footprint to selectively invest across geographies and asset types to source the most desirable opportunities while mitigating macro risks. To date, the Fund has called 45 per cent of commitments.
Tuesday 6/9 Insider Buying Report: VERI, HCHC (Nasdaq.com)
At Veritone, a filing with the SEC revealed that on Friday, President Ryan Steelberg purchased 16,701 shares of VERI, at a cost of $11.95 each, for a total investment of $199,640. So far Steelberg is in the green, up about 14.9% on their buy based on today’s trading high of $13.73. Veritone is trading up about 8.8% on the day Tuesday. Before this latest buy, Steelberg bought VERI at 2 other times during the past year, for a total investment of $349,685 at an average of $7.75 per share. And on Thursday, Director Kenneth S. Courtis purchased $137,379 worth of HC2 Holdings, purchasing 46,014 shares at a cost of $2.99 a piece. This buy marks the first one filed by Courtis in the past twelve months. HC2 Holdings is trading up about 1.7% on the day Tuesday. Courtis was up about 24.3% on the purchase at the high point of today’s trading session, with HCHC trading as high as $3.71 in trading on Tuesday.
Norfolk Southern Corp (NSC) EVP & COO Michael Joseph Wheeler Sold $1.7 million of Shares (Guru Focus)
EVP & COO of Norfolk Southern Corp., Michael Joseph Wheeler, sold 8,918 shares of NSC on 06/05/2020 at an average price of $195.02 a share. The total sale was $1.7 million. Norfolk Southern Corp conducts rail transportation business. It transports raw materials, intermediate products, and finished goods in the United States. Norfolk Southern Corp has a market cap of $48.07 billion; its shares were traded at around $187.64 with a P/E ratio of 20.40 and P/S ratio of 4.45.
Insider Trading: June 8, 202 (BIV.com)
Insider John Stalker, Director. Company: K92 Mining Inc. (TSX-V:KNT). Shares owned: 710,850. Trade date: May 28. Trade total: $486,000. Trade: Sale of 120,000 shares at a price of $4.05 per share. Insider Thomas O’Neill, Director. Company: Summa Silver Corp. (CNSX:SSVR). Shares owned: 150,000. Trade date: May 28. Trade total: $104,500. Trade: Acquisition of 550,000 shares at prices ranging from $0.03 to $0.25 per share.
A Director at Transact Technologies (NASDAQ: TACT) is Buying Shares (Analyst Ratings)
Today, a Director at Transact Technologies (TACT), John Dillon, bought shares of TACT for $53.9K. Following this transaction John Dillon’s holding in the company was increased by 29.83% to a total of $236.8K. In addition to John Dillon, 2 other TACT executives reported Buy trades in the last month. The company has a one-year high of $13.59 and a one-year low of $2.87. Currently, Transact Technologies has an average volume of 40.81K.
