Private Equity Rewards Consistency (Preqin)
How the Downturn Will Affect Private Equity: The private equity model is unique. First, GPs buy and hold a company over many years. In contrast with public markets, they can avoid panic selling at below market value during a downturn and wait for optimal conditions to exit investments. For example, funds raised and invested in the boom that preceded the Global Financial Crisis (GFC) generated positive returns, with even the worst performer, 2005 vintage funds, generating a median net IRR of 7.6%, according to Preqin Pro.
Insider Trading: March 8, 2021 (BIV.com)
Insider Andrea Klein, officer. Company: Empower Clinics Inc. (TSX:CBDT). Shares owned: 6,740,195. Trade date: Feb 19. Trade total: $2,548,137. Trade: Sale of 1,612,745 shares at a price of $1.58 per share. Insider Dustin Klein, Director. Company: Empower Clinics Inc. (TSX:CBDT). Shares owned: 6,740,196. Trade date: Feb 19. Trade total: $2,548,137. Trade: Sale of 1,612,745 shares at a price of $1.58 per share.
The Past Week’s Most Notable Insider Buys: Editas, Exxon Mobil, Wayfare And More (Benzinga)
Ahead of last week’s mixed earnings report, a director acquired a whopping 8.1 million Alphatec Holdings Inc (ATEC) shares. At $11.11 per share, the total came to about $90 million. Shares of this medtech company ended the week trading at $15.24, which represents a 37% or so gain for that director. A director at online retailer Wayfair Inc (W) stepped up to the buy window late last week. He indirectly added 48,000 shares to his stake. At prices ranging from $279.85 to $286.91, that totaled more than $13.60 million. The stock ended the week well above that purchase price range, at $295.66 a share.
Federal Signal Corp (FSS) President & CEO Jennifer L Sherman Sold $11.3 million of Shares (Guru Focus)
President & CEO of Federal Signal Corp, Jennifer L Sherman, sold 302,753 shares of FSS on 03/05/2021 at an average price of $37.4 a share. The total sale was $11.3 million. Federal Signal Corp designs and manufactures a suite of products and integrated solutions for municipality, industrial and others. The company operates in two segments namely Environmental Solutions Group and Safety and Security Systems Group. Federal Signal Corp has a market cap of $2.25 billion; its shares were traded at around $37.100000 with a P/E ratio of 23.79 and P/S ratio of 2.01.
The SVP, Fin. Strat.& Special Proj of EW Scripps (NASDAQ: SSP) is Selling Shares (Analyst Ratings)
Today, the SVP, Fin. Strat.& Special Proj of EW Scripps (SSP), Douglas Lyons, sold shares of SSP for $326.8K. Following Douglas Lyons’ last SSP Sell transaction on October 06, 2020, the stock climbed by 11.4%. This is Lyons’ first Sell trade following 8 Buy transactions.
Monday 3/8 Insider Buying Report: W, CLI (Nasdaq.com)
At Wayfair, a filing with the SEC revealed that on Thursday, Director Michael Andrew Kumin bought 48,000 shares of W, for a cost of $283.50 each, for a total investment of $13.61M. So far Kumin is in the green, up about 13.8% on their purchase based on today’s trading high of $322.76. Wayfair is trading up about 7.9% on the day Monday. And at Mack Cali Realty, there was insider buying on Friday, by Director A. Akiva Katz who purchased 442,000 shares at a cost of $14.51 each, for a total investment of $6.41M. This purchase marks the first one filed by Katz in the past twelve months. Mack Cali Realty is trading up about 4.7% on the day Monday. Katz was up about 6.1% on the buy at the high point of today’s trading session, with CLI trading as high as $15.39 in trading on Monday.
