Thursday 8/15 Insider Buying Report: VRAY, LKFN (Nasdaq.com)
On Tuesday, ViewRay’s CEO, Scott William Drake, made a $500,048 purchase of VRAY, buying 131,260 shares at a cost of $3.81 each. ViewRay Inc is trading down about 2.2% on the day Thursday. Before this latest buy, Drake made one other buy in the past year, purchasing $388,200 shares at a cost of $6.47 each. And on Wednesday, Director M. Scott Welch bought $425,100 worth of Lakeland Financial, buying 10,000 shares at a cost of $42.51 each. Before this latest buy, Welch purchased LKFN at 4 other times during the past year, for a total investment of $1.31M at an average of $42.58 per share. Lakeland Financial is trading up about 0.7% on the day Thursday.
Smartsheet Inc (SMAR) President and CEO Mark Patrick Mader Sold $1.9 million of Shares (Guru Focus)
President and CEO of Smartsheet Inc, Mark Patrick Mader, sold 40,000 shares of SMAR on 08/12/2019 at an average price of $46.82 a share. The total sale was $1.9 million. Smartsheet Inc has a market cap of $4.84 billion; its shares were traded at around $45.40 with and P/S ratio of 23.84.
A Director at Nisource Inc (NYSE: NI) is Selling Shares (Analyst Ratings)
Today, a Director at Nisource Inc (NI), Michael Jesanis, sold shares of NI for $174.1K. In addition to Michael Jesanis, 6 other NI executives reported Sell trades in the last month. Following Michael Jesanis’ last NI Sell transaction on August 06, 2019, the stock climbed by 0.6%.
Royal Gold Inc (RGLD) CEO and President Tony A Jensen Sold $5.8 million of Shares (Guru Focus)
CEO and President of Royal Gold Inc, Tony A Jensen, sold 46,570 shares of RGLD on 08/13/2019 at an average price of $124.59 a share. The total sale was $5.8 million. Royal Gold Inc manages precious metal royalties and streams, with a focus on gold. The company seeks to acquire existing stream and royalty interests or to finance projects that are in production or in the development stage. Royal Gold Inc has a market cap of $8.09 billion; its shares were traded at around $123.46 with a P/E ratio of 86.32 and P/S ratio of 19.12.
Last Player Found Guilty in KPMG Insider Dealing Case (Economia.icaew.com)
The third defendant in the KPMG partner insider dealing case has been found guilty of receiving confidential information ahead of three acquisitions. New Jersey stockbroker Raymond Pirrello was given the information by Thomas Avent Jr, a former tax partner in KPMG’s US practice, who performed tax due diligence work during 2011 and 2012 on the impending acquisitions of Radiant Systems, Midas Incorporated and BrightPoint.
GE Is New Target of Madoff Whistleblower (The Wall Street Journal)
An accounting expert who raised red flags about Bernie Madoff’s Ponzi scheme has a new target: General Electric Co. In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers more than 170 pages and was reviewed by The Wall Street Journal, is a mixture of detailed financial analysis and sweeping claims.
Broker-Dealer Charged with Violations of Gatekeeping Provisions Aimed at Protecting Investors (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has charged Canaccord Genuity LLC, a broker-dealer headquartered in New York City, with enabling trading in dozens of thinly-traded securities without conducting the review required by the federal securities laws. According to the SEC’s order, Canaccord published quotes and made markets in dozens of over-the-counter (OTC) securities without performing the review required by Exchange Act Rule 15c2-11, which requires that broker-dealers have a reasonable basis for believing the prospectus and other information made available by the issuer of the securities was accurate. The order finds that Canaccord delegated to a compliance associate the responsibility to obtain and review the information required by Rule 15c2-11 and to fill out and sign the necessary forms demonstrating compliance with the rule.
