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Hedge Fund and Insider Trading News: Carl Icahn, BlueMountain Capital, Lansdowne Partners, Bausch Health Companies Inc (BHC), Popular Inc (BPOP), and More

Friday 3/1 Insider Buying Report: BHC, DVN (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. On Thursday, Bausch Health Companies’ CEO, Joseph C. Papa, made a $710,100 buy of BHC, purchasing 30,000 shares at a cost of $23.67 each. So far Papa is in the green, up about 2.6% on their purchase based on today’s trading high of $24.29. Bausch Health Companies is trading up about 1.9% on the day Friday. Before this latest buy, Papa made one other buy in the past twelve months, purchasing $669,600 shares for a cost of $22.32 a piece.

The EVP & CFO of Popular Inc (NASDAQ: BPOP) is Selling Shares (AnalystRatings)
Today, the EVP & CFO of Popular Inc (BPOP), Carlos Vazquez, sold shares of BPOP for $258.8K. Following Carlos Vazquez’s last BPOP Sell transaction on February 08, 2017, the stock climbed by 15.1%. In addition to Carlos Vazquez, 3 other BPOP executives reported Sell trades in the last month. Based on Popular Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $708 million and quarterly net profit of $106 million. In comparison, last year the company earned revenue of $544 million and had a GAAP net loss of $102 million. BPOP’s market cap is $5.63B and the company has a P/E ratio of 9.32. Currently, Popular Inc has an average volume of 71.63K.

Griffin Asset Management, Inc. Buys Accelerate Diagnostics Inc, Amazon.com Inc, Energy Transfer LP, Sells Northwest Natural Holding Co, Schlumberger, Regeneron Pharmaceuticals Inc (GuruFocus)
New York, NY, based Investment company Griffin Asset Management, Inc. buys Accelerate Diagnostics Inc, Amazon.com Inc, Energy Transfer LP, Berkshire Hathaway Inc, Linde PLC, Square Inc, Discover Financial Services, Invesco S&P 500 Low Volatility, Iron Mountain Inc, CenturyLink Inc, athenahealth Inc, Altria Group Inc, Shopify Inc, NVIDIA Corp, Coty Inc, Veeva Systems Inc, Prospect Capital Corp, Bank of Montreal, Transocean, sells Northwest Natural Holding Co, Schlumberger, Regeneron Pharmaceuticals Inc, The Hain Celestial Group Inc, Anheuser-Busch InBev SA/NV, Stitch Fix Inc, Uniti Group Inc and a lot more during the 3-months ended 2018Q4, according to the most recent filings of the investment company, Griffin Asset Management, Inc.. As of 2018Q4, Griffin Asset Management, Inc. owns 228 stocks with a total value of $590 million. These are the details of the buys and sells.

Prosecutors Still Hot On Prosecuting “Silver Platter” Insider Trading Case (Forbes)
We have not heard much from former US Attorney Preet Bharara (Southern District of New York) since he announced his insider trading task force in October 2018, but one of the cases he prosecuted is still hanging around. We should all be asking, “Why?” Sean Stewart was indicted on insider trading for passing material non-public information on potential deals to his father, who then passed it on to his friend, Richard Cunniffe.

Mueller Industries, Inc. (NYSE:MLI) Insider Trading Activity – Chairman Sold 50,000 shares of Stock (MarketExclusive)
Insider Trading Activity For Mueller Industries, Inc. (NYSE:MLI): Gregory L Christopher , Chairman of Mueller Industries, Inc. (NYSE:MLI) reportedly Sold 50,000 shares of the company’s stock at an average price of 32.69 for a total transaction amount of $1,634,500.00.

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