Monday 5/11 Insider Buying Report: ORCC, TDG (Nasdaq.com)
At Owl Rock Capital, a filing with the SEC revealed that on Thursday, CEO Craig Packer purchased 75,750 shares of ORCC, for a cost of $13.17 each, for a total investment of $997,628. Bargain hunters can snag ORCC even cheaper than Packer did, with shares trading as low as $12.51 at last check today which is 5.0% below Packer’s purchase price. Owl Rock Capital is trading off about 2% on the day Monday. And on Friday, Director Sean P. Hennessy bought $692,892 worth of TransDigm Group, buying 2,000 shares at a cost of $346.45 each. TransDigm Group is trading up about 0.4% on the day Monday.
The Scotts Miracle Gro Co (SMG) Chairman and CEO James Hagedorn Sold $11.9 million of Shares (Guru Focus)
Chairman and CEO of The Scotts Miracle Gro Co., James Hagedorn, sold 86,240 shares of SMG on 05/08/2020 at an average price of $138.53 a share. The total sale was $11.9 million. The Scotts Miracle Gro Co is operative in the agricultural industry. It manufactures and sells dry, granular slow-release lawn fertilizers, combination lawn fertilizer and control products. The Scotts Miracle Gro Co has a market cap of $7.7 billion; its shares were traded at around $138.69 with a P/E ratio of 24.29 and P/S ratio of 2.30.
Insider Trading: May 11, 2020 (BIV.com)
Insider Peter Martin Kuhn, officer. Company: Blue Star Gold Corp. (TSX-V:BAU). Shares owned: 1,387,500. Trade date: May 1. Trade total: $1,387,500. Trade: Acquisition of 157,000 shares at prices from $0.04 to $0.05 per share. Insider Gregory Anthony Lang, officer. Company: Novagold Resources Inc. (TSX:NG). Shares owned: 5,564. Trade date: May 1. Trade total: $1,259,237. Trade: Sale of 81,032 shares at a price of $15.54 per share.
Scatec Solar ASA: Primary Insider Trading (GlobeNewswire.com)
Oslo, 11 May 2020: Primary insider Toril Haaland, EVP People & Organisation, has on 11 May 2020 bought 1,700 shares in Scatec Solar ASA at an average price per share of NOK 174.00. After the transaction and as of the date hereof, Toril Haaland owns 2,577 shares in Scatec Solar ASA.
Notable Insider Buys This Past Week: Peloton, Illinois Tool Works And More (Benzinga)
Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week. Peloton Interactive: A 10% owner of Peloton Interactive Inc (PTON) added 150,000 shares of this fitness products provider to its stake. At a per-share price of $33.40, that totaled almost $5.01 million. This same beneficial owner also purchased 50,000 shares back in April. Univar Solutions: Univar Solutions Inc (UNVR) saw its chief financial officer purchase 250,000 shares of this chemicals company last week at prices averaging $13.33 per share. That cost that executive more than $3.33 million and was pursuant to a Rule 10b5-1 stock trading plan established in February. Univar recently named a new board chair and it is scheduled to post earnings this week. The stock ended last week at $15.05, well above the CFO’s purchase price. Shares are up more than 72% from their year-to-date low in March.
Jailed UBS Official, Friend Can Appeal Insider-Trading Verdict (Bloomberg Law)
A former UBS Group AG compliance officer and her day-trader friend won permission to appeal their convictions for insider trading. Fabiana Abdel-Malek is serving half of a three-year sentence for leaking deal tips from the bank’s database to Walid Choucair, who was alleged to have traded on the information within minutes. But the two, who fought the charges in a U.K. trial in the spring of last year, are now allowed to appeal the decision, according to an official at the Court of Appeal in London.
SEC Files Charges in International Ponzi Scheme (HedgeCo.net)
(HedgeCo.Net) The SEC’s alleges that, from at least January 2016 to May 2019, Elliott, operating through Piptastic, falsely represented to investors that he would use their money for an overseas fund that purportedly engaged in a trading strategy known as “spread trading” or “spreadbet trading,” which involves speculating on the price movement of a security or other financial instrument. According to the complaint, Elliott instead knowingly misused investor assets for his own personal benefit, as well as that of his wife, relief defendant Sharon Elliott, and others including his associate, relief defendant Paul Rose. As further alleged, from at least 2019 through the present, when investors tried to redeem their money from Piptastic, Elliott lied about the status of the investments. Specifically, Elliott allegedly claimed that he had profited from spread betting and that the funds were safely held in trading accounts for the benefit of the investors. Elliott also allegedly provided fictitious account statements that purport to reflect the investors’ preserved assets.
