Hedge Fund’s Battle With Its REIT Escalates With New Claims (1) (Bloomberg Law)
Hedge fund Pine River Capital Management and Two Harbors Investment Corp., the real estate investment trust it manages, escalated their legal battle, with each lodging new allegations against the other. Two Harbors, a REIT specializing in residential mortgages, said in a filing Tuesday night that it was terminating its management agreement with Pine River for cause, citing gross negligence and breaches of contract.
Hedge Funds are Betting Against Shopping Mall Operator Hammerson (FNLondon)
British shopping mall operator Hammerson was the most shorted UK-listed company in July, with 13.9% of its stock held short by nine investment firms. Hedge fund Caxton Europe held the largest short position with 4.33% of Hammerson’s shares, as of July 15, according to new research from exchange-traded fund provider GraniteShares. Shares in Hammerson, which have fallen more than 76% in the year to date, were down 8.04% at 11:30am GMT.
Wednesday 7/22 Insider Buying Report: ALXO, APEN (Nasdaq.com)
On Tuesday, ALX Oncology Holdings’s Director, G. Walmsley Graham, made a $18.53M buy of ALXO, purchasing 975,000 shares at a cost of $19.00 each. So far Graham is in the green, up about 64.1% on their purchase based on today’s trading high of $31.18. ALX Oncology Holdings is trading off about 1.2% on the day Wednesday. This purchase marks the first one filed by Graham in the past twelve months. And at Apollo Endosurgery, there was insider buying on Friday, by R. Kent McGaughy Jr. who purchased 1,780,000 shares for a cost of $1.25 each, for a total investment of $2.23M. Apollo Endosurgery is trading up about 6.1% on the day Wednesday. So far McGaughy Jr. is in the green, up about 49.5% on their buy based on today’s trading high of $1.87.
Vmware Inc (VMW) COO, Products & Cloud Services Rangarajan (raghu) Raghuram Sold $3.7 million of Shares (Guru Focus)
COO, Products & Cloud Services of Vmware Inc, Rangarajan (raghu) Raghuram, sold 26,817 shares of VMW on 07/17/2020 at an average price of $139.62 a share. The total sale was $3.7 million. VMWare Inc provides virtualization and cloud infrastructure solutions. It is engaged in the development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware.
The EVP & Chief Innovation Officer of Kansas City Southern (NYSE: KSU) is Selling Shares (Analyst Ratings)
Today, the EVP & Chief Innovation Officer of Kansas City Southern (KSU), Brian Hancock, sold shares of KSU for $548.6K. Following Brian Hancock’s last KSU Sell transaction on November 19, 2019, the stock climbed by 3.1%. The company has a one-year high of $178.59 and a one-year low of $92.86. Currently, Kansas City Southern has an average volume of 704.89K. KSU’s market cap is $14.83 billion and the company has a P/E ratio of 26.90.
