Heavy Insider Selling at Invesco Ltd. (IVZ) and Las Vegas Sands Corp. (LVS), Plus Insider Buying at 3 Other Companies

CEO of Large Owner of Oil and Natural Gas Mineral Interests Boosts Ownership Stake

The man at the helm of Black Stone Minerals LP (NYSE:BSM) boosted his holding at the beginning of the week. Chairman, CEO and President Thomas L. Carter Jr. snapped up 13,000 shares on Monday at prices varying from $18.81 to $19.07 per share, a purchase that lifted his direct ownership stake to 515,506 shares.

Black Stone Minerals LP (NYSE:BSM), one of the largest owners of oil and natural gas mineral interests in the continental United States, has seen the value of its shares increase by 27% this year. The company’s total revenue for the first three quarters of 2016 was $204.12 million, down from $292.88 million recorded for the same period of the previous year. The decrease in Black Stone’s top-line mainly reflected a $69.7 million difference in the impact of commodity derivative instruments and the effect of lower realized commodity prices, which was partially offset by a $10.1 million higher lease bonus and a $20.8 million increase from higher production volumes. Jim Simons’ Renaissance Technologies had 325,700 shares of Black Stone Minerals LP (NYSE:BSM) in its pool of holdings at the end of the September quarter.

Executive at Battered Healthcare IT Company Piles Up Shares

One member of Computer Programs & Systems Inc. (NASDAQ:CPSI)’s executive team bought more shares of his company this week as well. Robert D. Hinckle, Senior Vice President of Client Services since January 2013, purchased 4,000 shares on Monday at a weighted average price of $25.09 per share. After the recent purchase, Mr. Hinckle currently owns an aggregate of 17,000 shares.

The provider of healthcare information technology (IT) solutions and services for rural and community hospitals and post-acute care facilities has lost 50% of its market value since the start of the year. In early-January, Computer Programs & Systems Inc. (NASDAQ:CPSI) completed the acquisition of Healthland Holding Inc. and its wholly-owned subsidiaries Healthland, AHT and Rycan, which represented the first major acquisition in its history. Nonetheless, the acquisition weakened the acquirer’s balance sheet quite significantly, which could put Computer Programs & Systems at a disadvantage to deeper-pocketed competitors. There were seven hedge funds tracked in our system with long positions in the healthcare IT company on September 30, down from 13 funds at the end of June, so several hedge funds have seemingly soured on the company. Ken Griffin’s Citadel Advisors reported ownership of around 191,000 shares of Computer Programs & Systems Inc. (NASDAQ:CPSI) through the latest round of 13F filings.

The final page of this article will discuss the fresh insider selling witnessed at two other companies.