Starboard to Nominate Nine Candidates to Mellanox Board (Reuters)
(Reuters) – Activist hedge fund Starboard Value LP has started a proxy fight on Wednesday for control of Mellanox Technologies Ltd (MLNX.O), calling the Israeli chipmaker deeply undervalued. Starboard, the largest shareholder of Mellanox with a 10.7 percent stake, said it would nominate a slate of nine candidates for election to the company’s board. The nominations include Starboard head Jeffrey Smith, who has become the face and name behind the fund’s multiple proxy contests.
The Founder of One of Britain’s Biggest Hedge Funds Thinks the Bank of England is ‘Embarrassing’ Itself by Being Too Negative on Brexit (Business Insider UK)
LONDON — Paul Marshall, a co-founder of British hedge fund giant Marshall Wace, has accused the Bank of England of being excessively negative about Brexit, and by doing so, says the central bank is at risk of ruining its credibility. Writing in the Financial Times on Wednesday, Marshall said that the bank’s persistently pessimistic forecasts about the negative economic impacts of the vote to leave the EU could now be considered to mark the beginnings of what he called a “systematic cognitive bias.”
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Whitney Tilson Wants to Help Tommorrow’s Hedge Fund Managers Avoid His Mistakes (Yahoo Finance)
Former hedge fund manager Whitney Tilson, who identifies as a value investor, says there’s not a lot of room for young hedge fund managers to make mistakes these days. “It’s a tough environment, to be sure,” Tilson told Yahoo Finance in the video above. “Hedge funds, in general, have been underperforming in this bull market. And if anything, that’s why I think young people, who are thinking about getting into the business, need more than ever to have the experience and not be making any mistakes because there’s not a lot of room for error. It’s been a very tough market for value investors, in general, and honestly, I couldn’t figure it out.”
Report: Soros to Make Millions from Collapse of UK Construction Giant (Breitbart.com)
Billionaire speculator George Soros, the man who ‘broke the Bank of England’, is believed to be in line to make millions from the collapse of the United Kingdom’s second-biggest construction firm. Carillion, which also manages facilities such as prisons and 50,000 homes for military personnel through public sector contracts, went into liquidation on Monday.
Capital One Financial Corp. (COF) Insider Yajnik Sanjiv Sells 10,086 Shares of Stock (Stock News Times)
Capital One Financial Corp. (NYSE:COF) insider Yajnik Sanjiv sold 10,086 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $105.00, for a total transaction of $1,059,030.00. Following the sale, the insider now owns 71,367 shares in the company, valued at $7,493,535. The sale was disclosed in a filing with the Securities & Exchange Commission.
Insider Buying: Skyline Co. (NYSEAMERICAN:SKY) Major Shareholder Acquires 40,020 Shares of Stock (Week Herald)
Skyline Co. (NYSEAMERICAN:SKY) major shareholder Jeffrey L. Et Al Gendell acquired 40,020 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was bought at an average cost of $16.87 per share, for a total transaction of $675,137.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Boston Beer Company Inc (SAM) Insider Sells $1,916,100.00 in Stock (Dispatch Tribunal)
Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $191.61, for a total value of $1,916,100.00. Following the transaction, the insider now directly owns 42,273 shares of the company’s stock, valued at $8,099,929.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Insider Selling: Dynegy Inc. (DYN) Major Shareholder Sells 5,250,000 Shares of Stock (The Ledger Gazette)
Dynegy Inc. (NYSE:DYN) major shareholder Ecp Controlco, Llc sold 5,250,000 shares of Dynegy stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $11.79, for a total value of $61,897,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Insider Selling: Crispr Therapeutics AG (NASDAQ:CRSP) Director Sells 92,337 Shares of Stock (TrueBlueTribune)
Crispr Therapeutics AG (NASDAQ:CRSP) Director Kurt Von Emster sold 92,337 shares of Crispr Therapeutics stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.96, for a total transaction of $2,489,405.52. The sale was disclosed in a filing with the Securities & Exchange Commission.
Insider Selling: Movado Group, Inc (MOV) Director Sells 1,600 Shares of Stock (Baseballnewssource.com)
Movado Group, Inc (NYSE:MOV) Director Richard Cote sold 1,600 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.49, for a total transaction of $51,984.00. Following the completion of the transaction, the director now owns 396,296 shares in the company, valued at approximately $12,875,657.04. The sale was disclosed in a filing with the SEC.
