Hedge Fund and Insider Trading News: Elliott Management, Davidson Kempner Capital, Falcon Edge Capital, Ares Management Corp (ARES), Pathfinder Bancorp Inc (PBHC), and More

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Ares Management Corp (ARES) Co-Founder, CEO & President Michael J Arougheti Sold $7.6 million of Shares (Guru Focus)
Co-Founder, CEO & President of Ares Management Corp (NYSE:ARES) Michael J Arougheti (insider trades) sold 274,712 shares of ARES on 07/11/2019 at an average price of $27.67 a share. The total sale was $7.6 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 $6.17 billion; its shares were traded at around $28.00 with a P/E ratio of 93.37 and P/S ratio of 2.43. The dividend yield of Ares Management Corp stocks is 4.29%. GuruFocus has detected 2 severe warning signs with Ares Management Corp.

Friday 7/12 Insider Buying Report: PBHC, APVO (Nasdaq.com)
On Wednesday, Pathfinder Bancorp (PBHC)’s First Vice President, Robert G. Butkowski Jr., made a $65,780 purchase of PBHC, buying 4,600 shares at a cost of $14.30 a piece. Pathfinder Bancorp is trading up about 0.3% on the day Friday. Before this latest buy, Butkowski Jr. made one other purchase in the past twelve months, buying $5,754 shares for a cost of $14.00 each. And also on Wednesday, Director Fuad El-hibri bought $16,058 worth of Aptevo Therapeutics (APVO), buying 18,919 shares at a cost of $0.85 a piece. This buy marks the first one filed by El-hibri in the past twelve months. Aptevo Therapeutics is trading up about 0.6% on the day Friday. So far El-hibri is in the green, up about 2.5% on their purchase based on today’s trading high of $0.87.

Atricure Inc (ATRC) President, CEO, & Director Michael H Carrel Sold $800,000 of Shares (Guru Focus)
President, CEO, & Director of Atricure Inc (NASDAQ:ATRC) Michael H Carrel (insider trades) sold 25,000 shares of ATRC on 07/10/2019 at an average price of $32 a share. The total sale was $800,000. AtriCure Inc is a medical device company. It develops, manufactures and sells cardiac surgical ablation systems designed to create precise lesions, scars in cardiac, heart, and tissue. It generates revenue by selling disposable surgical devices. AtriCure Inc has a market cap of $1.24 billion; its shares were traded at around $32.14 with and P/S ratio of 5.42. AtriCure Inc had annual average EBITDA growth of 8.30% over the past five years. GuruFocus has detected 1 severe warning sign with AtriCure Inc.

(Analyst Ratings)
Today, the EVP & COO of CarMax (KMX), Edwin Hill, sold shares of KMX for $419.3K. In addition to Edwin Hill, 5 other KMX executives reported Sell trades in the last month. Following Edwin Hill’s last KMX Sell transaction on June 27, 2019, the stock climbed by 0.6%.

Insider Activity: Chief Executive Officer at G III Apparel Group (GIII) Buys $1 Million in Stock (Investors Observer)
Morris Goldfarb, Chief Executive Officer at G III Apparel Group (GIII), bought 40,000 shares of the company’s common stock on Jul 11. At $26.47 per share, Goldfarb paid a total of $1,058,800 for the new shares.

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