Hedge Fund and Insider Trading News: Clif Asness, Nelson Peltz, Paul Tudor Jones, Ray Dalio, TCI Fund Management, New Mountain Finance Corp. (NMFC), Rexnord Corp (RXN), and More

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Jim Simons’ Renaissance Technologies Is Bearish on TSLA (MarketRealist.com)
On May 14, Jim SimonsRenaissance Technologies filed its 13F for the first quarter of 2020. Simons founded Renaissance, also known as “RenTech,” in 1982. The hedge fund is famous for its quantitative techniques for stock picks. In the first quarter of 2020, the hedge fund reduced its holdings in Tesla (NASDAQ:TSLA). Tesla was the hedge fund’s largest sell. In the fourth quarter of 2019, Tesla accounted for 1.27% of Renaissance Technologies’ total portfolio of publicly traded securities. Tesla was the hedge fund’s second-largest holding. In the first quarter of 2020, the figure fell to 0.4%. Interestingly, the hedge fund reduced its position on Tesla when the stock had almost doubled. Read How Did Tesla Become Renaissance Technologies’ Gem? to learn more.

Inphi Corp (IPHI) President & CEO Ford Tamer Sold $3.5 million of Shares (Guru Focus)
President & CEO of Inphi Corp., Ford Tamer, sold 31,800 shares of IPHI on 05/18/2020 at an average price of $108.71 a share. The total sale was $3.5 million. Inphi Corp is engaged in designing, development and sale of high-speed analog connectivity components that operate to maintain, amplify and improve signal integrity in a wide variety of applications.

Tuesday 5/19 Insider Buying Report: NMFC, GDOT (Nasdaq.com)
At New Mountain Finance, a filing with the SEC revealed that on Thursday, Director Steven B. Klinsky bought 300,000 shares of NMFC, for a cost of $7.96 each, for a total investment of $2.39M. Klinsky was up about 6.0% on the purchase at the high point of today’s trading session, with NMFC trading as high as $8.44 at last check today. New Mountain Finance is trading up about 2.1% on the day Tuesday. Before this latest buy, Klinsky bought NMFC at 2 other times during the past twelve months, for a total investment of $5.92M at an average of $11.72 per share. And at Green Dot, there was insider buying on Monday, by Director Jeffrey Osher who bought 25,000 shares for a cost of $34.64 each, for a total investment of $865,877. Green Dot is trading up about 1.8% on the day Tuesday. Osher was up about 10.0% on the purchase at the high point of today’s trading session, with GDOT trading as high as $38.10 at last check today.

What Did This CEO Just Do with Personal Shares of Rexnord (NYSE: RXN)? (Analyst Ratings)
Yesterday, the President & CEO of Rexnord (RXN), Todd Adams, sold shares of RXN for $2.36M. Based on Rexnord’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $547 million and quarterly net profit of $28.5 million. In comparison, last year the company earned revenue of $538 million and had a net profit of $47.2 million. The company has a one-year high of $35.64 and a one-year low of $18.87. Currently, Rexnord has an average volume of 835.15K.





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