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Hedge Fund and Insider Trading News: Jerrold Fine, Amber Capital, Coltrane Asset Management, White Mountains Insurance Group Ltd (WTM), Power Integrations Inc (POWI), and More

De Longhi Probed for Insider-Trading (Ansa.it)
(ANSA) – Milan, March 28 – Giuseppe De Longhi, the president of the De’Longhi appliance group, is under investigation along with his secretary for alleged insider trading, sources said on Thursday. The case regards the sale of a 74.97% stake in air-conditioner producer DeLclima to the Mitsubishi Electric Corporation in 2015. De Longhi is accused of passing on price-sensitive information to his sister, Alberta De Longhi, before the sale.

Thursday 3/28 Insider Buying Report: WTM, PRSP (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. On Tuesday, White Mountains Insurance Group (WTM)’s Director, David Allen Tanner, made a $459,223 buy of WTM, purchasing 500 shares at a cost of $918.45 a piece. So far Tanner is in the green, up about 0.8% on their purchase based on today’s trading high of $926.11. White Mountains Insurance Group is trading off about 0.2% on the day Thursday. And at Perspecta (PRSP), there was insider buying on Monday, by Director, CEO John M. Curtis who purchased 9,578 shares at a cost of $20.76 each, for a trade totaling $198,839. This buy marks the first one filed by Curtis in the past year. Perspecta is trading up about 1.5% on the day Thursday. Curtis was up about 3.6% on the buy at the high point of today’s trading session, with PRSP trading as high as $21.50 at last check today.

5 Notable Stocks Insiders Are Selling (SeekingAlpha)
Recently, we started a weekly feature around five stocks insiders are buying. While not as powerful an indicator as insider buying, as insiders sell for many reasons (to cover taxes, divorce, diversification, options expiration, etc.) However, insider sells are one thing I do look at when analyzing an individual stock. Therefore, we have added a weekly feature covering five stocks that are seeing substantial and recent insider selling. Insiders seem to be falling out of love with autoparts stocks over the past week. A director at O’Reilly Automotive (ORLY) sold over $2 million in shares on March 20th. This follows just over $1.7 million in sales from the same director on February 26th. The chairman of the company sold nearly $13 million in shares in two transactions on March 20th. Several other directors sold more than $1 million worth of shares a piece in February and March as well.

The President & CEO of Power Integrations (NASDAQ: POWI) is Buying Shares (AnalystRatings)
Today, the President & CEO of Power Integrations (POWI), Balu Balakrishnan, bought shares of POWI for $1.27M. This recent transaction increases Balu Balakrishnan’s holding in the company by 11.29% to a total of $40.64 million. This is Balakrishnan’s first Buy trade following 6 Sell transactions.

Vince McMahon Sells $271M Worth Of WWE Stock To Help Fund XFL Reboot (Benzinga)
World Wrestling Entertainment, Inc. (NYSE: WWE) closed down 3.8 percent Wednesday and continued marginally lower in after-hours trading after CEO Vince McMahon reported a significant divestment. What Happened: McMahon sold more than 3.2 million shares — about 4.1 percent of WWE’s outstanding shares — in a block trade in order to bolster his other fledgling venture.

Ex-SeaWorld Lawyer To Shell Out $65,000 For Insider Trading (Law360.com)
Law360 (March 27, 2019, 10:48 PM EDT) — A former lawyer for SeaWorld Entertainment Inc. pled guilty to insider trading and promised to pay back $65,000 he earned on illegal sales of shares in the marine-themed amusement park company,…

New York Community Bancorp, Inc. (NYSE:NYCB) Insider Trading Activity – Director Bought 34,000 shares of Stock (MarketExclusive)
Insider Trading Activity For New York Community Bancorp, Inc. (NYSE:NYCB): Dominick Ciampa , Director of New York Community Bancorp, Inc. (NYSE:NYCB) reportedly Bought 34,000 shares of the company’s stock at an average price of 11.61 for a total transaction amount of $394,740.00.

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