Activist Hedge Fund Starboard Value Offloads eBay, Buys Corteva (Benzinga)
Activist hedge fund Starboard Value fund exited eBay Inc (NASDAQ: EBAY) in the third quarter of 2020, according to the fund’s latest 13F filing. The fund sold 2.09 million shares it held in eBay, valued at $109.6 million in the second quarter. New Positions: Starboard initiated a new position in Corteva Inc (NYSE: CTVA), buying 11.71 million shares valued at $337.38 million as of Sept. 30. It’s worth noting that the shares value $421.69 million, based on Friday’s closing price of $36.01.
Hedge Funds Are Betting Big On This $130 Trillion Trend (PRNewswire)
LONDON, Nov. 16, 2020 /PRNewswire/ — This isn’t just a megatrend. It’s a movement in Big Money, and it’s the most profound redistribution of investment that the world’s biggest asset and wealth managers have recently seen. Big money is fleeing anything that’s not sustainable. Mentioned in today’s commentary includes: Microsoft Corporation (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL), Facebook, Inc. (NASDAQ: FB), Alphabet Inc. (NASDAQ: GOOGL), Tesla, Inc. (NASDAQ: TSLA). By 2022, PwC says that 77% of institutional investors will stop buying non-ESG products entirely. ESG fund assets will account for over 50% of all European fund assets by 2025. That’s nearly $8 trillion. And it’s only the beginning.
Preqin Impact Report: The Rise of ESG in Alternative Assets (Preqin)
With more than $3tn in ESG-committed funds closed since 2011, sustainable investing has moved into the mainstream with both asset owners and investment managers since 2011. Surprisingly, this shift has occurred despite widely held concerns about the opacity of environmental, social, and governance (ESG) accountability. The need to improve transparency around ESG is greater than ever. More market participants want to comply to these standards, but often don’t know what they’re looking for.
Monday 11/16 Insider Buying Report: MPLN, NC (Nasdaq.com)
On Friday, MultiPlan’s Director, Michael Stuart Klein, made a $4.89M purchase of MPLN, buying 741,000 shares at a cost of $6.60 each. Klein was up about 15.7% on the purchase at the high point of today’s trading session, with MPLN trading as high as $7.63 in trading on Monday. MultiPlan is trading up about 6.3% on the day Monday. This purchase marks the first one filed by Klein in the past twelve months. And on Wednesday, Diahn Taplin purchased $2.57M worth of NACCO Industries, purchasing 155,595 shares at a cost of $16.55 each. This buy marks the first one filed by Taplin in the past twelve months. NACCO Industries is trading up about 10.5% on the day Monday. Taplin was up about 44.4% on the purchase at the high point of today’s trading session, with NC trading as high as $23.89 at last check today.
Insider Trading: November 16, 2020 (BIV.com)
Insider Bruce Linton, 10% owner. Company: Vireo Health International Inc. (CNSX:VREO). Shares owned: 0. Trade date: Nov 5. Trade total: $286,293. Trade: Sale of 208,973 shares at a price of $1.37 per share. Insider Christopher Bunka, director, officer. Company: Lexaria Bioscience Corp. (OTCMKTS:LXRP). Shares owned: 6,341,844. Trade date: Nov 6, 9, 10. Trade total: US$40,295. Trade: Acquisition of 195,500 shares at prices from US$0.19 to US$0.22 per share.
The Shareholder of Cominar Real Estate Investment (Other OTC: CMLEF) is Selling Shares (Analyst Ratings)
On November 13, the Shareholder of Cominar Real Estate Investment (CMLEF), Sime Armoyan, sold shares of CMLEF for $3.06M. Following Sime Armoyan’s last CMLEF Sell transaction on November 06, 2020, the stock climbed by 8.1%. The company has a one-year high of $11.48 and a one-year low of $5.14. Currently, Cominar Real Estate Investment has an average volume of.
