Cheniere Energy Inc. (LNG) and Vince Holding Corp (VNCE) See Their CEOs Buy Shares; Three Other Companies Register Insider Selling

Global Biopharma Firm Has Executive Offload Shares

Bristol-Myers Squibb Co (NYSE:BMY), a company with no insider trading activity on the buy side in recent years, has seen increased insider selling in recent months. John E. Elicker, Senior Vice President of Public Affairs and Investor Relations, sold 11,820 shares on Tuesday at prices that fell between $72.64 and $72.74 per share, cutting his overall holding to 55,010 shares. The global biopharma firm has seen its shares advance by 4% since the beginning of 2016. Credit Suisse analysts, who are excited over the high potential of the immuno-oncology market, consider Bristol-Myers Squibb Co (NYSE:BMY) a leader in I-O. The highly-diversified drug marker currently provides an annual dividend yield of 2.12% or an annual dividend of $1.52 per share. Moreover, the company has provided shareholders with a dividend for more than 300 consecutive quarters and has increased its annual dividend payment since 2009. Ken Griffin’s Citadel Advisors LLC was the owner of 5.02 million shares of Bristol-Myers Squibb Co (NYSE:BMY) at the end of the first quarter.

High-Flying Energy Solutions Provider Registers Insider Selling

Hans Peter Michelet, member of Energy Recovery Inc. (NASDAQ:ERII)’s Board of Directors since August 1995, discarded two blocks of 75,000 shares each on Tuesday and Wednesday at a weighted average price of $9.14 per share. After the recent sales, Mr. Michelet currently owns 150,000 shares. The energy solutions provider to industrial fluid flow markets had been trading below or around $3 a share for quite some time until October 2015, when the California-based company won a 15-year contract from oilfield company Schlumberger Limited (NYSE:SLB) for its VorTeq hydraulic pumping system. The $125 million-deal gave Energy Recovery the exclusive rights to provide hydraulic pumping systems to the oilfield services behemoth. Energy Recovery shares are up an impressive 243% in the past 12 months and gained 26% in 2016 alone. Under the aforementioned deal, Energy Recovery received an immediate payment of $75.00 million, with the remaining money coming in two equal payments of $25.00 million subject to achieving two milestones. Jim Simons’ Renaissance Technologies owns 141,800 shares of Energy Recovery Inc. (NASDAQ:ERII) as of March 31.

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