It’s Politics Zapping Stocks, a Big Democratic Hedge Fund Guy Says (Bloomberg)
Who knows what’s moving markets? Marc Lasry says he knows. It’s politics, and concern the Democrats will triumph in next week’s midterms. “If Democrats get control, I think you’re just going to have a lot more volatility. The reason you’ll have more volatility is that you’re going to have more headlines,” the Avenue Capital founder said in an interview with Erik Schatzker on Bloomberg Television. “Political risk is getting priced in.”
Veritas Capital, Elliott Close to Deal to Buy Athenahealth: Source (Reuters)
(Reuters) – Private equity firm Veritas Capital has teamed up with hedge fund Elliott Management Corp in a bid to buy U.S. healthcare software maker Athenahealth Inc (ATHN.O), and is close to sealing an agreement, a person familiar with the matter said. It was not immediately clear how much the acquiring consortium was offering and how quickly a deal could be announced. Bloomberg News first reported that Veritas and Elliott were nearing a deal for Athenahealth.
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What Campbell Can Learn from Third Point (The Wall Street Journal)
Campbell Soup Co. could stand to learn a thing or two from its critics. Dan Loeb’s activist hedge fund, Third Point, is seeking to replace Campbell’s entire board of directors in a November shareholder vote. It has made a case that Campbell’s board has done a poor job, which wasn’t too hard considering that the stock is down 30% over the last two years.
Ray Dalio Reveals His Paramount Exemplar (DealBreaker)
Lots of people think that Ray Dalio is the greatest man on earth: Tony Robbins, Steph Curry, his cult initiates employees. But who does the Svengali Philosopher-King of Westport think is the peak example of humanity? Who withstands the tortuous tests imposed by Dalio’s Principles to emerge as the most radically transparent, the most unflinchingly honest? It’s not Jim Comey, or Xi Jinping, or the last employee who pointed out one of his flaws, or even himself. Nope: It’s former Fed chair and newly-minted memoirist Paul Volcker, who has certainly earned his right to an opinion and isn’t shy about sharing them.
Elliott’s ASG Says it Wants to Buy Mitek, Shares Jump (Reuters)
NEW YORK/BOSTON (Reuters) – Hedge fund Elliott Management Corp.’s software company ASG Technologies said on Wednesday it was offering to buy Mitek Systems Inc (MITK.O) for $10 a share after the provider of financial technology to banks rejected an earlier takeover approach. ASG said in a letter to Mitek that it is reaffirming its “proposal to acquire Mitek for $10.00 per share in cash, a 51 percent premium above the unaffected price on October 9, 2018”, valuing the company at $425 million including debt.
Insider Buying: StealthGas Inc. (GASS) Major Shareholder Buys 783,329 Shares of Stock (PressOracle.com)
StealthGas Inc. (NASDAQ:GASS) major shareholder Glendon Capital Management Lp acquired 783,329 shares of the stock in a transaction that occurred on Tuesday, October 16th. The stock was purchased at an average price of $3.44 per share, for a total transaction of $2,694,651.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: Pivotal Software (NASDAQ:PVTL) SVP Sells 44,792 Shares of Stock (FairFieldCurrent.com)
Pivotal Software Inc (NYSE:PVTL) SVP Edward Hieatt sold 44,792 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $20.00, for a total value of $895,840.00. The sale was disclosed in a filing with the SEC.
Insider Buying: JMP Group LLC (JMP) CEO Buys 36,395 Shares of Stock (WeekHerald.com)
JMP Group LLC (NYSE:JMP) CEO Joseph A. Jolson purchased 36,395 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were purchased at an average cost of $5.02 per share, with a total value of $182,702.90. Following the completion of the purchase, the chief executive officer now owns 77,026 shares in the company, valued at approximately $386,670.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Insider Selling: Arrowhead Pharmaceuticals Inc (ARWR) VP Sells 131,137 Shares of Stock (FairFieldCurrent.com)
Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) VP Peter Brian Leone sold 131,137 shares of Arrowhead Pharmaceuticals stock in a transaction on Friday, October 19th. The shares were sold at an average price of $13.49, for a total transaction of $1,769,038.13. Following the completion of the sale, the vice president now owns 160,000 shares of the company’s stock, valued at approximately $2,158,400. The transaction was disclosed in a legal filing with the SEC.
Insider Buying: Tile Shop Holdings Inc (NASDAQ:TTS) Director Buys 90,000 Shares of Stock (PressOracle.com)
Tile Shop Holdings Inc (NASDAQ:TTS) Director Peter J. Jacullo III bought 90,000 shares of the stock in a transaction on Tuesday, October 23rd. The stock was acquired at an average cost of $6.21 per share, for a total transaction of $558,900.00. The transaction was disclosed in a document filed with the SEC.
