State Street looks at merger or sale options for SSGA (Pensions & Investments)
State Street Corp., Boston, is seeking to expand the investment management capabilities of State Street Global Advisors or possibly sell the asset management unit, which as of Sept. 30 reported $3.15 trillion in assets under management. Industry sources who spoke on condition of anonymity confirmed that Goldman Sachs Group Inc.’s New York-based investment banking unit has been discussing SSGA with potential acquirers, merger partners or collaborators, including Invesco Ltd., UBS Group AG and The Vanguard Group Inc.
Monday 12/28 Insider Buying Report: GBDC, COUP (Nasdaq.com)
At Golub Capital BDC, a filing with the SEC revealed that on Wednesday, Chairman Lawrence E. Golub purchased 4,000 shares of GBDC, for a cost of $13.90 each, for a total investment of $55,614. Golub Capital BDC is trading up about 0.4% on the day Monday. Before this latest buy, Golub bought GBDC on 48 other occasions during the past year, for a total cost of $16.13M at an average of $12.89 per share. And at Coupa Software, there was insider buying on Wednesday, by Michelle Brennan who purchased 100 shares for a cost of $358.57 each, for a trade totaling $35,857. Coupa Software is trading off about 2.6% on the day Monday.
Notable Insider Buys In The Week Of Christmas: Foot Locker, GameStop, NetApp And More (Benzinga)
Here are some of the most noteworthy insider purchases that were reported in the past week, as the year winds down and investors ponder the new year. The recent Bioatla Inc (BCAB) IPO encouraged a former 10% owner and a director to buy in. The almost 2.19 million shares they acquired altogether at $18 per share added up to around $39.4 million. Shares of this San Diego-based biopharma company ended last week’s trading at $31.82 apiece. Daniel Loeb, a 10% owner, purchased a big block of Upstart Holdings Inc (UPST) shares at the initial public offering price of $20 apiece. The total for the 1.20 million shares of this cloud-based lending platform operator that owner acquired added up to $24 million. The shares ended the week’s trading at $43.96 apiece, after hitting a post-IPO high of $51.40.
Twilio Inc (TWLO) CEO Jeff Lawson Sold $18 million of Shares (Guru Focus)
CEO of Twilio Inc, Jeff Lawson, sold 49,500 shares of TWLO on 12/21/2020 at an average price of $363.78 a share. The total sale was $18 million. Twilio Inc provides a cloud communications platform that enables developers to build, scale and operate communications within software applications through the cloud as a pay-as- you-go service.
The Chairman & Chief Executive Officer of Therma Bright (Other OTC: THRBF) is Selling Shares (Analyst Ratings)
Today, the Chairman & Chief Executive Officer of Therma Bright (THRBF), Roberto Fia, sold shares of THRBF for $546.3K. The Company has a Price to Book ratio of 233.63. THRBF’s market cap is $27.89 million and the company has a P/E ratio of -23.60. Currently, Therma Bright has an average volume of 191.02K.
Insider trading: SEBI drops insider-trading case against Dynamatic CEO (TheHinduBusinessLine.com)
SAT rejected SEBI’s order at the admission stage; it did not stand the test in SC too. Market regulator SEBI has dropped an insider trading case against Udayant Malhoutra, CEO and MD of aerospace company Dynamatic Technologies (DTL). SEBI’s reversal of stance came after its earlier order could not stand the test in the Securities and Appellate Tribunal (SAT). SAT found SEBI’s order so erroneous that it rejected it at the admission stage itself.
