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Hedge Fund and Insider Trading News: Nicolai Tangen, Dan Kamensky, Ken Griffin, GoldenTree Asset Management, Eyenovia Inc (EYEN), Varian Medical Systems, Inc. (VAR), and More

GoldenTree Closes USD443m CLO Under GLM Strategy (Hedge Week)
GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, has closed a USD443 million collateralised loan obligation (CLO) to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 8 (GLM US CLO 8), GoldenTree has issued 13 CLOs totalling USD7.5 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on 9 February, 2018 led to repeal of risk retention for open market CLOs, GLM CLOs are intended to continue to comply with European Risk Retention regulations.

Varian Medical Systems Inc (VAR) President and CEO Dow R Wilson Sold $6.7 million of Shares (Guru Focus)
President and CEO of Varian Medical Systems Inc, Dow R Wilson, sold 38,907 shares of VAR on 08/21/2020 at an average price of $172.63 a share. The total sale was $6.7 million. Varian Medical Systems Inc is engaged in the healthcare sector. It manufactures medical devices for conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

Monday 8/24 Insider Buying Report: EYEN, PRTY (Nasdaq.com)
At Eyenovia, a filing with the SEC revealed that on Thursday, Stuart M. Grant purchased 784,620 shares of EYEN, at a cost of $2.71 each, for a total investment of $2.13M. Grant was up about 38.3% on the buy at the high point of today’s trading session, with EYEN trading as high as $3.75 in trading on Monday. Eyenovia is trading up about 1.6% on the day Monday. Before this latest buy, Grant bought EYEN at 2 other times during the past twelve months, for a total investment of $2.26M at an average of $2.18 per share. And at Party City Holdco, there was insider buying on Thursday, by Director Norman S. Matthews who bought 250,000 shares at a cost of $2.00 each, for a trade totaling $500,000. Before this latest buy, Matthews made one other buy in the past year, purchasing $493,000 shares for a cost of $2.32 a piece. Party City Holdco is trading up about 10.1% on the day Monday. Matthews was up about 14.0% on the purchase at the high point of today’s trading session, with PRTY trading as high as $2.28 at last check today.

The Divisional President of Galaxy Digital Holdings (Other OTC: BRPHF) is Selling Shares (Analyst Ratings)
Yesterday, the Divisional President of Galaxy Digital Holdings (BRPHF), Richard Tavoso, sold shares of BRPHF for $220.7K. Following Richard Tavoso’s last BRPHF Sell transaction on June 16, 2020, the stock climbed by 1.6%. The company has a one-year high of $3.88 and a one-year low of $0.41. The insider sentiment on Galaxy Digital Holdings has been negative according to 16 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Meritage Homes Corp (MTH) CEO Steven J Hilton Sold $2.6 million of Shares (Guru Focus)
CEO of Meritage Homes Corp., Steven J Hilton, sold 25,000 shares of MTH on 08/21/2020 at an average price of $104.3 a share. The total sale was $2.6 million. Meritage Homes Corp is a designer and builder of single-family homes. The company offer homes that are designed to appeal to a wide range of homebuyers primarily focused on first-time and first move-up buyers.