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Hedge Fund and Insider Trading News: Platinum Partners, Elliott Management, Brevan Howard, Mattel Inc (MAT), Trueblue Inc (TBI), and More

Tuesday 2/26 Insider Buying Report: MAT, KEG (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. At Mattel, a filing with the SEC revealed that on Friday, Director Michael J. Dolan bought 30,000 shares of MAT, for a cost of $13.96 each, for a total investment of $418,800. Dolan was up about 5.4% on the buy at the high point of today’s trading session, with MAT trading as high as $14.71 at last check today. Mattel is trading up about 3.5% on the day Tuesday. This buy marks the first one filed by Dolan in the past year.

The EVP & CFO of Trueblue Inc (NYSE: TBI) is Selling Shares (AnalystRatings)
Yesterday, the EVP & CFO of Trueblue Inc (TBI), Derrek Lane Gafford, sold shares of TBI for $590.5K. TBI’s market cap is $959.2M and the company has a P/E ratio of 14.52. Currently, Trueblue Inc has an average volume of 280.4K. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold TBI with a $24 price target.

Insider Buy: Kinder Morgan Is A Strong Buy With Dividends Set To Take Off (SeekingAlpha)
KMI has one of the largest pipeline footprints in North America. KMI yields over 4% and is set to increase its dividend 25% annually over the next two years. They have an active $2 billion share repurchase program of which they have already bought back $525 million since December 2017. KMI is a strong buy for long-term investors. Kinder Morgan’s (KMI) stock has done little in the last 5 years, but it has undergone a significant financial transformation and is a much stronger company than before. I rate shares a strong buy with an eye forward to aggressive distribution growth in the next two years.

Kennametal Inc. (NYSE:KMT) Insider Trading Activity – VP Sold 35,346 Shares of Stock (Market Exclusive)
Insider Trading Activity For Kennametal Inc. (NYSE:KMT): Peter A. Dragich , VP of Kennametal Inc. (NYSE:KMT) reportedly Sold 35,346 shares of the company’s stock at an average price of 38.59 for a total transaction amount of $1,364,002.14.

Korea’s Financial Supervisory Service to Crack Down on Unfair Trading (KoreaHerald)
South Korean financial regulators said Wednesday that they would crack down on unfair trading practices this year, with a focus on false disclosures, unlawful short-selling and high-frequency trading activities. The Financial Supervisory Service has set its sights on curbing unlawful short-selling by closely monitoring sudden increases in stock value and their possible links to insider trading. The agency said in a statement that it would also step up its monitoring of foreign investment companies, zeroing in on high-frequency trading activities facilitated by foreign securities firms.

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