“Very Negative” Stance Powered Pershing Square Gains – But Ackman Does Not See Protracted Slump (Hedge Week)
Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar USD2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result of the Covid-19 shutdown. Pershing Square Capital generated the remarkable return in March with a USD27 million credit hedge as the impact of the coronavirus pandemic sent global markets into a tailspin. In a podcast interview released this week, Ackman explained how growing concerns over the Covid-19 spread early in the year, and the subsequent economic implications of the US shutdown, formed the basis of his lucrative bet.
Thursday 4/30 Insider Buying Report: DHX, MSBI (Nasdaq.com)
At DHI Group, a filing with the SEC revealed that on Monday, Director Scipio Maximus Carnecchia bought 36,800 shares of DHX, at a cost of $2.69 each, for a total investment of $98,992. Carnecchia was up about 14.9% on the buy at the high point of today’s trading session, with DHX trading as high as $3.09 at last check today. DHI Group Inc is trading off about 4.7% on the day Thursday. Before this latest buy, Carnecchia made one other purchase in the past year, buying $148,798 shares at a cost of $2.71 each. And on Tuesday, John M. Schultz bought $77,557 worth of Midland States Bancorp, buying 5,000 shares at a cost of $15.51 a piece. Midland States Bancorp Inc is trading off about 4.8% on the day Thursday. Schultz was up about 11.7% on the purchase at the high point of today’s trading session, with MSBI trading as high as $17.32 in trading on Thursday.
Ares Management Corp (ARES) Co-Founder, CEO and President Michael J Arougheti Sold $8.1 million of Shares (Guru Focus)
Co-Founder, CEO and President of Ares Management Corp., Michael J Arougheti, sold 227,429 shares of ARES on 04/29/2020 at an average price of $35.74 a share. The total sale was $8.1 million. Ares Management LP is a global alternative asset manager. It offers its investor a range of investment strategies and seeks to deliver attractive performance to a growing investor base. Ares Management Corp has a market cap of $8.69 billion; its shares were traded at around $35.09 with a P/E ratio of 32.78 and P/S ratio of 2.37.
The Corp. VP of Vicor (NASDAQ: VICR) is Selling Shares (Analyst Ratings)
Today, the Corp. VP of Vicor (VICR), Claudio Tuozzolo, sold shares of VICR for $479K. Following Claudio Tuozzolo’s last VICR Sell transaction on December 05, 2019, the stock climbed by 10.9%. The company has a one-year high of $57.87 and a one-year low of $26.50. Currently, Vicor has an average volume of 50.74K. VICR’s market cap is $2.15 billion and the company has a P/E ratio of 264.60.
Grocery Outlet Holding Corp (GO) CEO Eric J. Jr. Lindberg Sold $8.2 million of Shares (Guru Focus)
CEO of Grocery Outlet Holding Corp., Eric J. Jr. Lindberg, sold 250,000 shares of GO on 04/27/2020 at an average price of $32.73 a share. The total sale was $8.2 million. Grocery Outlet Holding Corp has a market cap of $3.11 billion; its shares were traded at around $34.58 with a P/E ratio of 216.14 and P/S ratio of 1.10. GuruFocus has detected 1 severe warning sign with Grocery Outlet Holding Corp.
