Question: If you’re a top hedge fund manager and the value of your highest conviction stock suddenly drops by 20%, what do you do? Answer: You buy more.
Late in 2018, investors panic-sold en masse. Indiscriminate selling. Babies thrown out with bathwater. While the public freaked-out about interest rates, trade wars and recessions, leading hedge funds added to their best ideas.
When Steve Kelley was named CEO of Amkor Technology (AMKR) in May of 2013, AMKR was around $4.50. As an incentive, the company granted him 750,000 shares in stock and options at the equivalent of $4.50. After the grant fully vested, SEC filings indicate the CEO sold most all of the granted stock and options between Nov. of 2016 and June of 2017 at an average price of $11.38 for total proceeds of $8.9 million.
AMKR closed Wednesday at $6.53.
So, since his employment began with Amkor, Kelley did not buy any AMKR on the open market. His only actions were disposing of shares granted to him as compensation. His timing was good.
Michael Burry bought Tailored Brands at $13 in Q4 2018. But over four months later, a TLRD insider bought the tumbling stock at $7.41.
Tailored Brands (TLRD), a top Q4 holding of Michael Burry's Scion Hedge Fund, spiked higher Tuesday after a corporate insider...
John C. Goff, a Texas Billionaire investor and chairman of Fort Worth-based Crescent Real Estate, filed a 13D on June 13 disclosing an 18.3% position in Houston-based Contango Oil and Gas ( MCF $5.91).
By Mark W. Gaffney
For WhaleWisdom.com
On December 8, 2017 Iroquois Capital Management filed a 13G report with the SEC stating that it owned 3,575,583 shares of Pareteum Corporation (NYSE: TEUM). For several days after the investment fund’s public disclosure TEUM hovered around $0.75, but soon it’s price began climbing. Then...
As gold's ascent gains momentum, investors looking for ways to play the gold rally may want to analyze the gold stocks hedge funds have been buying.
Gold hit a five year high on Friday as rate cut expectations, dollar weakness, trade war fears and...
When the stock market swoons, I like to watch insider buying to see where the smart money is finding value. Here are three stocks with interesting insider activity that also showed good relative strength in Monday’s weak market.
When screening insider trades, my interest is always piqued when I see both top executives of a company buying shares. It implies that the two people with the best information on that company agree the shares are a good value.
That’s what just happened at FS KKR Capital Corp (FSK). Both the Chief Investment Officer (CIO) and the CEO, along with a director, purchased a total of $495,000 of their company’s stock.
Camping World Holdings (CWH) shares plunged last week following a report that CEO Marcus Lemonis was accused of illegal insider trading. However, one of CWH's largest shareholders bought into the price weakness, adding aggressively to its position.
Marcus Lemonis is CEO of...