Warren Buffett’s Berkshire Adds 2 Stocks To Portfolio In 3rd Quarter (Forbes)
Warren Buffett’s $486 billion conglomerate, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), disclosed its equity portfolio for the third quarter on Thursday, listing new positions in Occidental Petroleum Corp. (NYSE:OXY), which had been previously announced, and furniture retailer RH (NYSE:RH). Despite having a record $128 billion to spend on stocks, neither the renowned value guru nor either of his portfolio managers, Ted Weschler and Todd Combs, added to any of the company’s other positions during the quarter.
The Scotts Miracle Gro Co (SMG) President and COO Michael C Lukemire Sold $1 million of Shares (Guru Focus)
President and COO of The Scotts Miracle Gro Co., Michael C Lukemire, sold 9,788 shares of SMG on 11/13/2019 at an average price of $106.26 a share. The total sale was $1 million. The Scotts Miracle Gro Co is operative in the agricultural industry. It manufactures and sells dry, granular slow-release lawn fertilizers, combination lawn fertilizer and control products.
The VP & CFO of Encore Wire (NASDAQ: WIRE) is Selling Shares (Analyst Ratings)
Yesterday, the VP & CFO of Encore Wire (WIRE), Frank Bilban, sold shares of WIRE for $592.4K. Following Frank Bilban’s last WIRE Sell transaction on October 01, 2018, the stock climbed by 9.4%. The company has a one-year high of $62.08 and a one-year low of $45.05. Currently, Encore Wire has an average volume of 84.74K. WIRE’s market cap is $1.23B and the company has a P/E ratio of 16.91.
DOJ Drops Insider Trading Charges After Guilty Plea Found Insufficient (NatLawReview.com)
Last week, the Southern District of New York dropped its prosecution of Richard Lee, a former portfolio manager at SAC Capital who, in 2013, entered a guilty plea to trading on material nonpublic information that he gained from corporate insiders. The court recently ruled that Mr. Lee’s guilty plea must be vacated to conform with the ruling in United States v. Newman, 773 F.3d 438, 450-51 (2d Cir. 2014), abrogated on other grounds by Salman v. United States, 137 S. Ct. 420 (2016). Newman held that a tippee who traded on material nonpublic information must have knowledge that the insider acted for personal benefit in disclosing the information.
180 Degree Capital Corp (TURN) Chairman and CEO Kevin Rendino Bought $108,000 of Shares (Guru Focus)
Chairman and CEO of 180 Degree Capital Corp., Kevin Rendino, bought 50,000 shares of TURN on 11/14/2019 at an average price of $2.16 a share. The total cost of this purchase was $108,000. 180 Degree Capital Corp is a non-diversified management investment company operating as a business development company. It invests in companies commercializing and integrating products enabled by disruptive technologies in the life sciences.
The EVP, GC, Corp Secretary & CCO of Air Lease (NYSE: AL) is Selling Shares (Analyst Ratings)
Yesterday, the EVP, GC, Corp Secretary & CCO of Air Lease (AL), Carol Hyland Forsyte, sold shares of AL for $487.8K. In addition to Carol Hyland Forsyte, 2 other AL executives reported Sell trades in the last month. Based on Air Lease’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $531 million and quarterly net profit of $156 million.
