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Hedge Fund and Insider Trading News: Crispin Odey, BlueMountain Capital, Voce Capital Management, Hamilton Beach Brands Holding Co (HBB), Affiliated Managers Group, Inc. (AMG), and More

The Pres. & CFO of Affiliated Managers (NYSE: AMG) is Buying Shares (Analyst Ratings)
Today, the Pres. & CFO of Affiliated Managers (AMG), Jay Horgen, bought shares of AMG for $1.03M. This recent transaction increases Jay Horgen’s holding in the company by 10.52% to a total of $10.9 million. This is Horgen’s first Buy trade following 7 Sell transactions. Currently, Affiliated Managers has an average volume of 991.3K. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $114.33, reflecting a 21.1% upside.

Monday 5/13 Insider Buying Report: MGM, AMG (Nasdaq.com)
At MGM Resorts International, a filing with the SEC revealed that on Wednesday, Director Paul J. Salem bought 800,000 shares of MGM, for a cost of $25.40 each, for a total investment of $20.32M. Bargain hunters can buy MGM at a price even lower than Salem did, with the stock trading as low as $24.75 in trading on Monday – that’s 2.6% below Salem’s purchase price. MGM Resorts International is trading down about 2% on the day Monday.

Hamilton Beach Brands Holding Co (HBB) Director, President and CEO Gregory H Trepp Bought $101,160 of Shares (GuruFocus.com)
Director, President and CEO of Hamilton Beach Brands Holding Co (NYSE:HBB) Gregory H Trepp bought 6,000 shares of HBB on 05/10/2019 at an average price of $16.86 a share. The total cost of this purchase was $101,160. Hamilton Beach Brands Holding Co, through its subsidiaries, is engaged in consumer, commercial and specialty small appliances and specialty retail. The company earns maximum revenue from the sale of appliances. Hamilton Beach Brands Holding Co has a market cap of $231.050 million; its shares were traded at around $16.68 with a P/E ratio of 11.20 and P/S ratio of 0.32. The dividend yield of Hamilton Beach Brands Holding Co stocks is 2.05%.

Notable Insider Buys This Past Week: Annaly Capital, MGM and More (Benzinga)
Here’s a look at a few notable insider purchases reported in the past week. MGM Resorts: MGM Resorts International MGM 0.72% saw a director last week acquire 80,000 shares of this Las Vegas-based hospitality and entertainment company. At share prices ranging from $25.07 to $25.69, the transaction totaled more than $20.32 million. Note that four other directors recently exercised options on less than 5,000 shares each.

Mr. Cooper Group Inc (COOP) PRESIDENT & CEO Jesse K Bray Bought $495,238 of Shares (GuruFocus)
PRESIDENT & CEO of Mr. Cooper Group Inc (NASDAQ:COOP) Jesse K Bray bought 52,910 shares of COOP on 05/09/2019 at an average price of $9.36 a share. The total cost of this purchase was $495,238. WMIH Corp is a reinsurance company. It owns a legacy reinsurance business that is currently operated in runoff mode by WM Mortgage Reinsurance Company, Inc. Mr. Cooper Group Inc has a market cap of $841.280 million; its shares were traded at around $9.24 with and P/S ratio of 1.84.

Final Judgment Entered Against Former Broker for Defrauding Customers (HedgeCo.Net)
(HedgeCo.Net) A federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s complaint, filed in the Southern District of New York, alleges that from July 2012 to October 2014, Rocco Roveccio, a New Jersey resident, recommended to seven customers a pattern of high-cost, in-and-out trading without any reasonable basis to believe that his customers could make a profit. Roveccio’s recommendations resulted in losses for the customers and gains for Roveccio. Roveccio allegedly also lied to his customers about the potential for the accounts to profit. The complaint also alleges that Roveccio engaged in unauthorized trading and churning.

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