Digital Care is Now Investable (Hedge Nordic)
Stockholm (HedgeNordic) – Whereas some industries such as retail or banking are almost unrecognizable from a decade or two ago due to digitalization, healthcare has been lagging behind other industries in the adoption of technologies. The Covid-19 pandemic has served as a big impetus for the digital transformation of healthcare. “There is a new sub-segment that has evolved rapidly during this year in the aftermath of the Covid pandemic within digital care,” Susanna Urdmark, who manages Rhenman Healthcare Equity L/S alongside Henrik Rhenman, tells Bloomberg.
Silver Lake Invests in Byju’s; Edtech’s Valuation Now at $10.8 Billion (LiveMint.com)
BENGALURU : Online learning platform Byju’s has raised $500 million in a fresh round of funding led by US-based private equity (PE) investor Silver Lake, along with participation from existing investors including Tiger Global, General Atlantic, and Owl Ventures. Silver Lake’s investment into edtech platform Byju’s comes shortly after the PE investor picked up a 0.93% stake in telecom major Reliance Jio for 4,546.8 crore in August.
Fund Manager Taken Into Custody on Insider Dealing Claims (Citywire.co.uk)
A Union Investment portfolio manager, who was last week accused of insider trading, has been taken into custody. German publication Handelsblatt initially reported the incident, with the public prosecutor confirming the report to Citywire Selector’s sister site Citywire Deutschland. The brokerage firms, who the fund manager was working with to execute trades from his private accounts, have submitted their respective reports to the German regulator BaFin.
The Shareholder of AbraPlata Resource (Other OTC: ABBRF) is Buying Shares (Analyst Ratings)
Today, the Shareholder of AbraPlata Resource (ABBRF), Eric Steven Sprott, bought shares of ABBRF for $9.85M. This recent transaction increases Eric Steven Sprott’s holding in the company by 140% to a total of $18.68 million. In addition to Eric Steven Sprott, 2 other ABBRF executives reported Buy trades in the last month.
Largest Insider Trades of the Week (Guru Focus)
International Tower Hill Mines: Electrum Strategic Opportunities, 10% owner, bought 1.02 million shares of International Tower Hill Mines Ltd. (THM) for an average price of $1.40 per share on Sep. 2. Entasis Therapeutics: Innoviva Inc., 10% owner of Entasis Therapeutics Holdings Inc. (ETTX), bought 4.67 million shares on Sep. 1 for an average price of $2.68 per share. SmileDirectClub: Jordan M. Katzman, director and 10% owner, together with David B. Katzman, CEO and chairman, bought 1.94 million shares of SmileDirectClub Inc. (SDC) for an average price of $8 per share on Aug. 31.
Notable Insider Buys Last Week: Avis Budget, SmileDirectClub And More (Benzinga)
SmileDirectClub Inc (SDC) CEO David Katzman added almost 1.28 million shares of this teledentistry company last week, while three other insiders bought over 698,000 altogether as well. At prices ranging from $7.63 to $8.51 per share, these transactions totaled more than $15.93 million. Avis Budget Group Inc. (CAR) saw a 10% owner add to its stake once more. The more than 289,600 additional shares were indirectly acquired for $34.31 to $35.05 each. That totaled over $10.01 million. This same beneficial owner bought more than $11.43 million worth of the stock in the prior week.
