Businessman Eike Batista Is Fined US$133 Million for Insider Trading (UOL)
RIO DE JANEIRO: Brazil’s Securities Commission (CVM) condemned businessman Like Batista on Monday (27) and fined him R$536 million (US$133 million) for “insider trading.” Eike used privileged information when he traded shares of OGX petroleum. He also cannot act as an administrator of a publicly-held company for seven years nor serve on a publicly-held company’s board. The decision was unanimous and will be sent to the Federal Public Ministry. His defense can contest the ‘fine’s amount and the length of the penalty.
SEC Awards $4.5 Million to Whistleblower (HedgeCo.Net)
(HedgeCo.Net) The Securities and Exchange Commission has awarded more than $4.5 million to a whistleblower whose tip triggered the company to review the allegations as part of an internal investigation and subsequently report the whistleblower’s allegations to the SEC and another agency. The whistleblower sent an anonymous tip to the company alleging significant wrongdoing and submitted the same information to the SEC within 120 days of reporting it to the company. This information prompted the company to review the whistleblower’s allegations of misconduct and led the company to report the allegations to the SEC and the other agency.
The Corp. VP of Broadridge Financial Solutions Llc (NYSE: BR) is Selling Shares (Analyst Ratings)
Today, the Corp. VP of Broadridge Financial Solutions Llc (BR), Douglas Richard Deschutter, sold shares of BR for $2.99M. Following Douglas Richard Deschutter’s last BR Sell transaction on May 14, 2018, the stock climbed by 9.7%. In addition to Douglas Richard Deschutter, 2 other BR executives reported Sell trades in the last month. Based on Broadridge Financial Solutions Llc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.25 billion and quarterly net profit of $172 million. In comparison, last year the company earned revenue of $1.09 billion and had a net profit of $109 million. BR’s market cap is $14.35B and the company has a P/E ratio of 29.28. Currently, Broadridge Financial Solutions Llc has an average volume of 297.3K.
Tuesday 5/28 Insider Buying Report: CTL, MAC (Nasdaq.com)
On Thursday, CenturyLink’s CEO, Jeffrey K. Storey, made a $491,480 purchase of CTL, buying 50,000 shares at a cost of $9.83 a piece. So far Storey is in the green, up about 4.9% on their buy based on today’s trading high of $10.31. CenturyLink is trading up about 1.5% on the day Tuesday. Before this latest buy, Storey made one other purchase in the past year, buying $991,261 shares at a cost of $11.94 each. And at Macerich, there was insider buying on Thursday, by Chief Executive Officer Thomas E. O’Hern who purchased 5,000 shares for a cost of $39.69 each, for a trade totaling $198,450. Before this latest buy, O’Hern made one other purchase in the past twelve months, buying $409,850 shares at a cost of $40.98 a piece.
A Director at Iberiabank (NASDAQ: IBKC) is Selling Shares (Analyst Ratings)
Today, a Director at Iberiabank (IBKC), Harry Barton, sold shares of IBKC for $507.2K. Following Harry Barton’s last IBKC Sell transaction on November 17, 2014, the stock climbed by 14.3%. Based on Iberiabank’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $375 million and quarterly net profit of $99.2 million. In comparison, last year the company earned revenue of $311 million and had a net profit of $62.98 million. IBKC’s market cap is $4.14B and the company has a P/E ratio of 10.68. Currently, Iberiabank has an average volume of 355.3K.
Cosmos Holdings Inc (COSM) CEO Grigorios Siokas Bought $500,002 of Shares (Guru Focus)
CEO of Cosmos Holdings Inc (COSM) Grigorios Siokas bought 66,667 shares of COSM on 05/28/2019 at an average price of $7.5 a share. The total cost of this purchase was $500,002. Cosmos Holdings Inc is a specialty pharmaceutical company. The company through its subsidiary is engaged in the development, marketing and sales of branded and generic pharmaceutical products and medicines across the European Union member states. Cosmos Holdings Inc has a market cap of $45.150 million; its shares were traded at around $3.45 with and P/S ratio of 1.33.
