Hedge Fund and Insider Trading News: Pentwater Capital, BlueMountain Capital, Elliott Management, Saba Capital Management, Harvest Capital Credit Corp (HCAP), Chewy Inc (CHWY), and More

Notable Insider Buying In 3 Equities (Seeking Alpha)
Let’s start with a name my Golden Retriever Cooper is very familiar with. That is Chewy (CHWY). This online pet retailer is based approximately 30 miles up the road from me in Miami. Two directors bought just over $1 million worth of shares on September 30th and October 1st.

Harvest Capital Credit Corp (HCAP) CEO Joseph A Jolson Bought $66,718 of Shares (Guru Focus)
CEO of Harvest Capital Credit Corp., Joseph A Jolson, bought 6,808 shares of HCAP on 10/07/2019 at an average price of $9.8 a share. The total cost of this purchase was $66,718. Harvest Capital Credit Corp is an externally managed, non-diversified closed-end investment company. It provides customized financing solutions to small to mid-sized companies to generate both current income and capital appreciation.

Chris Collins is Pleading for Leniency. His Critics have Other Ideas (The Buffalo News)
WASHINGTON – Former Rep. Chris Collins Monday sent an email to friends and associate asking them to reach out to the judge in his insider trading case and argue for leniency. But longtime Collins critics plan on writing to the judge, too – to press for just the opposite. That means U.S. District Court Judge Vernon S. Broderick is likely to get radically different portrayals of the now-departed four-term lawmaker from Clarence – who recently moved to Florida – before the sentencing hearing next Jan. 17.

READ: Plea Deal Between Chris Collins and Federal Prosecutors (RochesterFirst.com)
BUFFALO, N.Y. (WIVB) — The plea deal between former Congressman Chris Collins and federal prosecutors can be read in its entirety here. Last week in federal court, Collins pleaded guilty to conspiracy to commit securities fraud and lying to the FBI related to insider trading. Collins’ son Cameron and Cameron’s fiancee’s father, Stephen Zarsky, also admitted to their roles in the case. Collins’ guilty plea came hours after he formally left his position as one of western New York’s representatives in Congress.

Insiders Quietly Buying JPMorgan Chase & Co. (IncomeInvestors.com)
Case in point: JPMorgan Chase & Co. (NYSE:JPM). Filings with the U.S. Securities and Exchange Commission (SEC) revealed that, in August, director Mellody Hobson bought 18,200 shares valued at $2.0 million. And she’s not the only one bullish on the financial giant. Over the past year, other company insiders have purchased more than 3.4 million shares combined. (Source: “Insider Actions for JPMorgan Chase & Co.,” MarketWatch, Sept 26, 2019.)