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Hedge Fund and Insider Trading News: Bill Ackman, Chris Hohn, Ray Dalio, Elliott Management, Hudson Bay Capital Management, Continental Resources, Inc. (CLR), PennantPark Investment Corp. (PNNT), and More

Wednesday 3/25 Insider Buying Report: CLR, FDX (Nasdaq.com)
On Monday, Continental Resources’ Director, Shelly Lambertz, made a $951,594 buy of CLR, purchasing 108,771 shares at a cost of $8.75 a piece. Lambertz was up about 22.5% on the buy at the high point of today’s trading session, with CLR trading as high as $10.72 in trading on Wednesday. Continental Resources is trading down about 8.2% on the day Wednesday. And at FedEx, there was insider buying on Friday, by Director John A. Edwardson who purchased 5,000 shares for a cost of $112.04 each, for a trade totaling $560,200. Before this latest buy, Edwardson bought FDX on 2 other occasions during the past twelve months, for a total investment of $3.02M at an average of $151.17 per share. FedEx Corp is trading down about 2.8% on the day Wednesday. Edwardson was up about 10.5% on the buy at the high point of today’s trading session, with FDX trading as high as $123.78 in trading on Wednesday.

The CFO & Treasurer of Pennantpark Investment (NASDAQ: PNNT) is Buying Shares (Analyst Ratings)
Today, the CFO & Treasurer of Pennantpark Investment (PNNT), Aviv Efrat, bought shares of PNNT for $58.2K. This recent transaction increases Aviv Efrat’s holding in the company by 21.86% to a total of $356.8K. In addition to Aviv Efrat, 3 other PNNT executives reported Buy trades in the last month. Based on Pennantpark Investment’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $20.67 million and quarterly net profit of $19.2 million.

Zoom Video Stock Has Surged, and Insiders Sold a Slew of It (Barron’s)
Zoom Video Communications stock has nearly doubled year to date and insiders and an early investor are selling a slew of shares of the videoconferencing firm. The gains are in sharp contrast to the recent stock selloff that has taken the S&P 500 index, a measure of the broader market, down 24% year to date. As millions of people, barred from their offices because of the coronavirus pandemic, now work from home, Zoom (ticker: ZM) has seen a “very big jump” in its service, according to founder and CEO Eric Yuan. Zoom has…

Congress Moves to End its Crisis Over Insider Trading on Outbreak (The Hill)
Members of Congress are moving with speed and determination to meet an existential crisis on a bipartisan basis. This is not about the coronavirus. The public has learned, once again, that lawmakers may be profiteering in the stock market. Members from both parties have worked for decades to prevent the closing of this obvious avenue of corruption. I know because I have been advocating for two decades that members of Congress should agree to the mandatory use of blind trusts for any stock ownership. But members of Congress know voters will soon move on, distracted by the outbreak of a deadly disease or redirecting their political rage against the opposing party. The past incubation period for ethics outbreaks is only a couple of weeks and, with some political distancing, the curve is already flattening out. Lawmakers can rest easy because normalcy is simply one news cycle away and, until then, they are tax sheltering in place.

SEC Awards Over $570,000 to Two Whistleblowers (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission today announced awards totaling over $570,000 to two whistleblowers who provided significant information and assistance that helped the Commission bring multiple successful enforcement actions. The first whistleblower received an award of approximately $478,000 and the second whistleblower received an award of approximately $94,000. “The whistleblowers in this matter played a critical role in the investigation and helped the agency bring antifraud charges that halted ongoing conduct,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “The substantially higher award granted to the first whistleblower demonstrates the importance of providing information early in the investigation and the benefit to whistleblowers where the information leads to multiple enforcement actions.”

The Executive Chairman and CEO of SEACOR Holdings (NYSE: CKH) is Buying Shares (Analyst Ratings)
Yesterday, the Executive Chairman and CEO of SEACOR Holdings (CKH), Charles Fabrikant, bought shares of CKH for $47.07K. The company has a one-year high of $51.42 and a one-year low of $22.23. CKH’s market cap is $540 million and the company has a P/E ratio of 17.20. Currently, SEACOR Holdings has an average volume of 112.60K.

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