The SEVP & COO of Regions Financial (NYSE: RF) is Selling Shares (Analyst Ratings)
Yesterday, the SEVP & COO of Regions Financial (RF), John B. Owen, sold shares of RF for $1.33M. Following John B. Owen’s last RF Sell transaction on August 12, 2019, the stock climbed by 3.8%. Based on Regions Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.67 billion and quarterly net profit of $616 million.
Key Considerations for Hedge Fund Succession Planning – Part I (Hedge Week)
By Joel Press, Press Management – It’s a new year and for some, a time to explore new options. Earlier this month, James Simons, the legendary founder and chairman of Renaissance Technologies LLC, announced he was stepping down from the firm and passing on the baton to Peter Brown, who has served as CEO since 2017. Arriving at the right time to step back as the founder of any hedge fund is never easy, and when it comes to thinking about succession planning, there is no right or wrong answer or approach. It is a personal decision, and depends on what is right for the individual at that time.
Shorting Tech Helps Lynwood Hedge Fund Cap 97% Yearly Gain (Bloomberg)
(Bloomberg) — Shorting tech stocks and betting on Canadian renewable energy last month helped Lynwood Capital Management’s hedge fund cap the year with a 97% return. The Toronto-based firm’s Lynwood Opportunities Fund run by Ben Shapiro gained 10.1% in December, according to a letter sent to clients. That compares with a 1.4% increase in Toronto’s benchmark S&P/TSX Composite Index.
Friday 1/29 Insider Buying Report: BFC (Nasdaq.com)
On Tuesday, Director Mary Kay Bourbulas purchased $69,990 worth of Bank First Corp (BFC), purchasing 1,000 shares at a cost of $69.99 a piece. Before this latest buy, Bourbulas purchased BFC at 4 other times during the past twelve months, for a total investment of $100,984 at an average of $64.28 per share. Bank First is trading up about 0.3% on the day Friday. Bargain hunters can snag BFC at a price even lower than Bourbulas did, with shares trading as low as $68.27 at last check today — that’s 2.5% below Bourbulas’s purchase price.
Citrix Systems Inc (CTXS) EVP & Chief Legal Officer Antonio G. Gomes Sold $1.8 million of Shares (Guru Focus)
EVP & Chief Legal Officer of Citrix Systems Inc, Antonio G. Gomes, sold 12,883 shares of CTXS on 01/28/2021 at an average price of $141.5 a share. The total sale was $1.8 million. Citrix Systems Inc provides virtualization, networking and cloud infrastructure solutions. It provides a complete and integrated portfolio of application delivery, virtualization, mobility, network delivery and file sharing solutions.
IRS Failing to Detect Insider Trading on College Exchanges (Bloomberg Tax)
A lack of IRS oversight has allowed insiders at for-profit colleges to to benefit improperly when they convert their institutions to nonprofits, a government watchdog said Wednesday. The IRS is failing to identify cases where officials at for-profit schools use their leadership roles at tax-exempt buyers to drive prices up for their own benefit, the Government Accountability Office said in a report. The GAO called for the tax agency to assess and revise its review process, and solicit information on the annual forms exempt organizations file to help it identify colleges with a for-profit history.
The CFO & Treasurer of Petmed Express (NASDAQ: PETS) is Selling Shares (Analyst Ratings)
Yesterday, the CFO & Treasurer of Petmed Express (PETS), Bruce Rosenbloom, sold shares of PETS for $250K. Based on Petmed Express’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $65.9 million and quarterly net profit of $7.61 million. In comparison, last year the company earned revenue of $59.92 million and had a net profit of $6.84 million. The company has a one-year high of $57.00 and a one-year low of $21.20. PETS’s market cap is $773 million and the company has a P/E ratio of 25.20.
