Hedge Fund and Insider Trading News: Bill Ackman, Starboard Value, Eaton Vance Senior Income Trust (EVF), Bank of Marin Bancorp (BMRC), and More

Tuesday 1/14 Insider Buying Report: EVF, EFR (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys. At Eaton Vance Senior Income Trust (EVF), a filing with the SEC revealed that on Friday, Keith Quinton purchased 7,700 shares of EVF, for a cost of $6.49 each, for a total investment of $49,973. So far Quinton is in the green, up about 0.9% on their buy based on today’s trading high of $6.55.

You Are Cordially Invited To Talk Prison And God Over Omelettes With Insider Trader (Deal Breaker)
Are you among the masses of hedge fund managers apparently flocking to south Florida for reasons of lifestyle or compulsion? Have you ever or are you considering some lucrative insider-trading to make the most of your new income-tax-free status? Are you interested in hearing about what might happen if you get caught, and are too lazy to just read this Vanity Fair profile? Well, take a trip on down to Coconut Grove and hear tell the tale of Joseph F. “Chip” Skowron.

House Passes Bill to Prohibit Insider Trading (Think Advisor)
The House passed late Monday the 8-K Trading Gap Act, which would fix a loophole allowing corporate executives to trade on information before it’s disclosed to the public and to their own shareholders. As it stands now if a public company has a “significant corporate event” the company must disclose it to the public by filing a Form 8-K within four days of the event.

The President & CEO of Bank Of Marin Bancorp (NASDAQ: BMRC) is Buying Shares (Analyst Ratings)
Yesterday, the President & CEO of Bank Of Marin Bancorp (BMRC), Russell Colombo, bought shares of BMRC for $149K. This recent transaction increases Russell Colombo’s holding in the company by 14.3% to a total of $2.99 million. Following Russell Colombo’s last BMRC Buy transaction on April 25, 2019, the stock climbed by 2.2%.

Anixa Biosciences Inc (ANIX) CEO Amit Kumar Bought $59,800 of Shares (Guru Focus)
CEO of Anixa Biosciences Inc., Amit Kumar, bought 20,000 shares of ANIX on 01/14/2020 at an average price of $2.99 a share. The total cost of this purchase was $59,800. ITUS Corp is engaged in developing a diagnostic platform called Cchek, for the early detection of tumor-based cancers. Anixa Biosciences Inc has a market cap of $69.750 million; its shares were traded at around $3.35 with and P/S ratio of 257.70.