Starboard Eyes Symantec Board Seats After Taking Stake (Reuters)
(Reuters) – Hedge fund Starboard Value LP has nominated five directors to Symantec’s (SYMC.O) board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance. Starboard gave little indication in a regulatory filing here of detailed changes it would seek at the firm, saying only that it viewed the stock as cheap and would seek to “unlock value”.
Elliott Lawyer Warns Korea Better Brace for Activist Funds (Bloomberg)
The lawyer who advised billionaire Paul Singer in his proxy fight against Samsung Group says he’s seeing a surge of interest from activist investors who view South Korea’s businesses as potential targets. Inquiries to his law firm about shareholder activism have tripled, Choi Young-ik, founding manager at Nexus Law Group, said in an interview this month at his Seoul office. Local investors and hedge funds based in the U.S. and U.K. are reaching out, he said.
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Here are the Stocks the Top-performing Hedge Funds are Buying – including Tempur Sealy (CNBC)
Boldface names like David Tepper and Dan Loeb get much of the attention, but lower-profile hedge fund managers are performing even better and beating the market. CNBC used Symmetric.io, a top hedge-fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought, according to filings. Four times a year, hedge funds file their long positions with the Securities and Exchange Commission, and the information is released to the public 45 days after each quarter ends.
Billionaire Ray Dalio: Quit These 4 Bad Habits to Start Actually Achieving Your Goals (CNBC)
Finding a fulfilling career can sometimes feel impossible. More than half of U.S. workers don’t feel engaged at their jobs according to a 2017 report by Gallup, and 16 percent of employees said they were even, “actively disengaged.” But according to Bridgewater Associates founder Ray Dalio, the first step is clearly setting your goals. “Your choice of goals will determine your direction,” Dalio writes in his 2017 book “Principles: Life & Work.” “There is always a best possible path. Your job is to find it and have the courage to follow it,” he writes.
Insider Buying: Maxwell Technologies Inc. (MXWL) Director Buys $199,875.00 in Stock (FairFieldCurrent.com)
Maxwell Technologies Inc. (NASDAQ:MXWL) Director Ilya Golubovich bought 61,500 shares of the stock in a transaction on Friday, August 10th. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $199,875.00. Following the acquisition, the director now owns 79,226 shares of the company’s stock, valued at approximately $257,484.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Insider Buying: Restoration Robotics Inc (HAIR) Insider Purchases $99,999.00 in Stock (XNewsPress.com)
Restoration Robotics Inc (NASDAQ:HAIR) insider Ryan Rhodes purchased 66,666 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were purchased at an average cost of $1.50 per share, with a total value of $99,999.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: Gran Tierra Energy Inc (GTE) Director Buys 77,500 Shares of Stock (WeekHerald.com)
Gran Tierra Energy Inc (NYSEAMERICAN:GTE) Director David P. Smith purchased 77,500 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was bought at an average cost of $3.39 per share, for a total transaction of $262,725.00. Following the completion of the purchase, the director now directly owns 142,500 shares in the company, valued at $483,075. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Insider Buying: GTT Communications Inc (GTT) Director Purchases $679,200.00 in Stock (SteeleHerald.com)
GTT Communications Inc (NYSE:GTT) Director H Brian Thompson purchased 20,000 shares of the stock in a transaction on Friday, August 10th. The shares were purchased at an average price of $33.96 per share, with a total value of $679,200.00. Following the acquisition, the director now directly owns 600,503 shares in the company, valued at $20,393,081.88. The purchase was disclosed in a legal filing with the SEC.
Insider Buying: Playa Hotels & Resorts NV (PLYA) Director Buys $517,500.00 in Stock (MaconDaily.com)
Playa Hotels & Resorts NV (NASDAQ:PLYA) Director Karl Mr. Peterson acquired 50,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $10.35 per share, with a total value of $517,500.00. The purchase was disclosed in a document filed with the SEC.
