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Hedge Fund and Insider Trading News: Paul Singer, Carl Icahn, Arquitos Capital, PBF Energy Inc (PBF), Moderna Inc (MRNA), and More

A Director at Landmark Bancorp (NASDAQ: LARK) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Landmark Bancorp (LARK), Patrick Alexander, sold shares of LARK for $269.9K. In addition to Patrick Alexander, one other LARK executive reported Sell trades in the last month. Based on Landmark Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $13.5 million and quarterly net profit of $3.27 million.

Moderna Inc (MRNA) CEO Stephane Bancel Sold $750,485 of Shares (Guru Focus)
CEO of Moderna Inc., Stephane Bancel, sold 33,134 shares of MRNA on 02/10/2020 at an average price of $22.65 a share. The total sale was $750,485. Moderna Inc has a market cap of $7.11 billion; its shares were traded at around $21.35 with and P/S ratio of 85.74. GuruFocus has detected 1 severe warning sign with Moderna Inc.

PBF Energy: Massive Insider Buying/Solid Yield (Seeking Alpha)
Today, we are going to revisit refiner PBF Energy (PBF). The shares have been weighed down by the plunge in energy prices so far in 2020 even though the company is impacted by the ‘crack spread,’ not the level of energy prices. In addition, Mexico’s richest man Carlos Slim continues to buy the shares hand over fist. Add in an over four percent dividend yield and more than reasonable valuations, this value stock was worth circling back on.

Wednesday 2/12 Insider Buying Report: STC, PFGC (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 Monday, Stewart Information Services’ Chief Executive Officer, Frederick H. Eppinger, made a $1.05M buy of STC, purchasing 26,423 shares at a cost of $39.89 each. So far Eppinger is in the green, up about 3.1% on their buy based on today’s trading high of $41.11. Stewart Information Services is trading up about 2.1% on the day Wednesday. Before this latest buy, Eppinger made one other buy in the past twelve months, purchasing $459,593 shares for a cost of $40.61 a piece.

Former Payday Boss Convicted of Insider Trading (Kotaku.co.uk)
The former CEO of Payday developer Starbreeze has been convicted of insider trading. According to Dagens Industry (translated via Google), Bo Andersson Klint and another manager sold shares in the company ahead of a period of financial difficulty in November 2018. The Swedish Crime Agency brought charges against Klint in September 2019, following the closure of a preliminary case in the wake of raids of Starbreeze’s offices in late 2018. According to the prosecutor, by selling his shares, Klint was able to reduce his losses by 1.3 million Swedish Krona (approximately £100,000). Following his conviction, Klint was made to forfeit 700,000 Krona (approximately £56,000), and fined a further 38,000 SEK (£3,000).

Top Berenberg Banker Cleared in Insider Trading Probe (FNLondon.com)
The managing partner of Germany’s oldest bank who was accused of insider trading by prosecutors in Hamburg last year has been cleared of any wrongdoing. Hendrik Riehmer, a prominent name in German banking circles, was investigated amid a probe into two acquaintances who gained €3.2m from trading the shares of shipping company Hapag-Lloyd. The Wall Street Journal reported at the time that Riehmer had allegedly tipped off the pair about a share sale Berenberg was preparing.

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