It's been a challenging investing landscape over the last year, to say the least. From Sept. 30, 2019 through Feb. 19, 2020, the S&P 500 gained 14%. Then the Coronavirus pandemic swept in like a giant Black Swan. The market swooned 34% over the next month, bottoming...
What do Abdiel Capital, Citadel Advisers, Dragoneer Investment Group, Melvin Capital, Point 72 Asset Management, Tiger Global and Whale Rock Capital have in common? Aside from being among the world's leading hedge funds, Bill.com 13F holdings reveal all the above bought shares of Bill.Com (BILL) in Q4...
Engine Capital filed a 13D on Cymabay (CBAY) two weeks after the development stage biotech company halted a trial of its leading drug candidate causing it's shares to fall as much as 75%.
In a 13D filing Thursday evening, New York-based Engine Capital, L.P....
In May of 2015, Nelson Obus’s lawyer opened his client’s trial by saying that either the hedge fund manager is an honest man or "the lamest insider trader in history." Twelve years after he was first charged by the SEC for insider trading, Obus, the manager of New York-based hedge fund Wynnefield Capital Inc., was found not guilty by a jury.
Fast forward to January 14, 2019 and Obus just submitted an insider filing to his nemesis the SEC, disclosing that his fund purchased 20,000 shares of Landec Corp. (LNDC) at $11.33. It’s a trade that investors may want to note – not because of any alleged impropriety, but because the stock being bought may be an attractive opportunity.
Acuta Capital Partners, LLC rode a surge in health care stock prices to the top spot in 2nd quarter hedge fund performance.
BlueLinx insiders bought after their company's stock price was cut in half after a surprise revenue decline.
On Nov. 5, BXC closed at $31. Then came an earnings report showing a significant revenue decline. On Thursday morning BlueLinx (BXC) traded as low as $13.47...
San Francisco-based HMI Capital filed a 13G this morning disclosing a 6.11% position in SailPoint Technologies Holdings (SAIL). The software company was HMI's #12 holding as of the second quarter's close. But after HMI Capital increased its SailPoint stake by 162%, purchasing 3.4 million additional shares as...
As I've written about previously, small hedge funds tend to outperform large hedge funds. The famous managers typically gained their reputations when their funds were small and they were more aggressive. But as a fund's managed assets swell, it's forced to focus on more liquid, less profitable...
On March 4, Marathon Partners called ELF Beauty "undervalued" in a 13D filing with the SEC. The New York City-based hedge fund disclosed a 5.2% stake, and said in the filing it has "engaged, and plans to continue to engage, with the Issuer’s management and Board of...
In 1951, Denver resident Ida Goldstein purchased the formula for Scott’s Liquid Gold for $350 as a business opportunity for her three young adult sons. The guys began mixing and bottling the amber-colored wood care oil by hand in the family garage. So was born the brand that eventually found its place into households across America.
Some 65 years later, the company is going strong.