Friday 10/28 Insider Buying Report: SBSI, ALLY (Nasdaq.com)
On Thursday, Southside Bancshares’ CEO, Lee R. Gibson, made a $66,440 buy of SBSI, purchasing 2,000 shares at a cost of $33.22 each. So far Gibson is in the green, up about 2.9% on their buy based on today’s trading high of $34.19. Southside Bancshares is trading up about 3.3% on the day Friday. And at Ally Financial, there was insider buying on Tuesday, by Marjorie Magner who bought 2,000 shares at a cost of $27.43 each, for a trade totaling $54,868. This purchase marks the first one filed by Magner in the past year. Ally Financial is trading up about 3.1% on the day Friday.
Insider Trading: October 31, 2022 (BIV.com)
Insider Amir Adnani, Director. Company: Gold Royalty Corp. (NYSE:GROY). Shares owned: 1,060,747. Trade date: Oct. 13. Trade total: $106,133. Trade: Acquisition of 50,063 shares at prices from $2.11 to $2.12 per share. Insider Volker Berl, director. Company: Standard Lithium Ltd. (TSX-V:SLI). Shares owned: 1,266,000. Trade date: Oct. 17. Trade total: $180,000. Trade: Acquisition of 50,000 shares at a price of $3.60 per share.
3M EVP & Chief Legal Officer Trades Company’s Stock (Benzinga)
Kevin H Rhodes, EVP & Chief Legal Officer at 3M (MMM), reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Rhodes sold 5,703 shares of 3M. The total transaction amounted to $720,841. 3M shares are trading down 0.26% at $126.27 at the time of this writing on Monday morning.
Lendary Capital Rolls Out Crypto Alternative Debt Fund (Opalesque)
Hong Kong and Germany-based investment management group Lendary Asia Capital expanded its alternative investment strategies with the launch of its crypto alternative debt fund. According to a press note from the asset management and software development firm, built on the success of the Lendary.net automated margin lending platform, Lendary Asia Capital’s latest multi-strategy alternative credit fund is focusing on yield opportunities across the digital asset space without investing in any cryptocurrency, keeping the risk and volatility level as low as possible.
Verisk to Sell Wood Mackenzie Unit to PE Firm for $3.1 bln (Reuters)
Verisk Analytics Inc (VRSK.O) said on Monday it had agreed to sell its energy research and consulting unit Wood Mackenzie to private equity firm Veritas Capital for $3.1 billion, as the data analytics firm looks to streamline its business to focus on insurance. In March, Verisk had agreed to separate its energy business following a challenge by prominent U.S. hedge fund D.E. Shaw.
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