Graal Will Soon be Gone Too (Hedge Nordic)
Stockholm (HedgeNordic) – Several days after announcing that two hedge funds from the Graal family will be merged into Aktie-Ansvar Räntestrategi, Aktie-Ansvar has announced that Graal will be merged into the same fixed-income fund. Graal, once Sweden’s largest hedge fund with about SEK 12 billion under management, will merge into the newly-launched Aktie-Ansvar Räntestrategi at the end of October. “Graal currently has a significant focus on fixed-income management and follows essentially the same investment strategy as Aktie-Ansvar Räntestrategi,” writes a letter accompanying the merger announcement. “Aktie-Ansvar has found it logical that Graal should be merged by way of absorption into Aktie-Ansvar Räntestrategi,” the letter continues.
Jeff Bezos Sold $3.1 Billion in Amazon Stock This Week (The Street)
Amazon (AMZN) – CEO Jeff Bezos sold more than $3.1 billion in Amazon stock this week as part of a prearranged 10b5-1 trading plan which allows major shareholders to sell a predetermined number of shares without accusations of insider trading. The $3.1 billion shares sold comes on top of the $4.1 billion in Amazon shares Bezos sold earlier this year, bringing his total share sales in 2020 to slightly more than $7.2 billion in the first eight months of the year. Bezos has previously said he plans to sell $1 billion worth of Amazon stock a year to fund his space firm, Blue Origin.
Thursday 8/6 Insider Buying Report: QDEL, CODI (Nasdaq.com)
At Quidel, a filing with the SEC revealed that on Monday, Director Edward L. Michael purchased 3,500 shares of QDEL, at a cost of $288.12 each, for a total investment of $1.01M. Michael was up about 6.5% on the purchase at the high point of today’s trading session, with QDEL trading as high as $306.72 in trading on Thursday. Quidel is trading down about 3.7% on the day Thursday. This buy marks the first one filed by Michael in the past twelve months. And at Compass Diversified Holdings, there was insider buying on Tuesday, by Elias Sabo who purchased 43,332 shares for a cost of $16.37 each, for a trade totaling $709,278. Before this latest buy, Sabo bought CODI on 2 other occasions during the past twelve months, for a total investment of $2.17M at an average of $19.80 per share. Compass Diversified Holdings is trading up about 2.3% on the day Thursday. So far Sabo is in the green, up about 4.3% on their purchase based on today’s trading high of $17.07.
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 08/04/2020 at an average price of $47.64 a share. The total sale was $1.9 million. Smartsheet Inc has a market cap of $5.67 billion; its shares were traded at around $47.34 with and P/S ratio of 18.38. GuruFocus has detected 1 severe warning sign with Smartsheet Inc.
The EVP & Pres. Tools & Storage of Stanley Black & Decker (NYSE: SWK) is Selling Shares (Analyst Ratings)
Yesterday, the EVP & Pres. Tools & Storage of Stanley Black & Decker (SWK), Jeffrey Ansell, sold shares of SWK for $6M. In addition to Jeffrey Ansell, one other SWK executive reported Sell trades in the last month. The company has a one-year high of $173.67 and a one-year low of $70.00. SWK’s market cap is $25.12 billion and the company has a P/E ratio of 29.40. Currently, Stanley Black & Decker has an average volume of 149.74K.
