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Hedge Fund and Insider Trading News: Ray Dalio, Bill Ackman, Citadel LLC, Tudor Investment Corporation, Unity Bancorp, Inc. (UNTY), Guardant Health Inc (GH), and More

Einhorn’s Greenlight Capital Sold out of General Motors: Letter (Reuters)
BOSTON (Reuters) – Hedge fund Greenlight Capital said it sold its position in carmaker General Motors, saying the company’s forecast for 2020 was worse than the hedge fund had expected. “General Motors was a disappointment,” the firm wrote to investors in a letter seen by Reuters. “We sold our stock.” During the five years that Greenlight owned shares in the carmaker, the hedge fund earned an internal rate of return of 9.6%, the letter said.

A Director at Unity Bancorp (NASDAQ: UNTY) is Buying Shares (Analyst Ratings)
Today, a Director at Unity Bancorp (UNTY), David Dallas, bought shares of UNTY for $305.6K. In addition to David Dallas, 2 other UNTY executives reported Buy trades in the last month. This recent transaction increases David Dallas’ holding in the company by 1.16% to a total of $29.72 million.

Guardant Health Inc (GH) Chairman, President and COO Amirali Talasaz Sold $4.5 million of Shares (Guru Focus)
Chairman, President and COO of Guardant Health Inc., Amirali Talasaz, sold 56,433 shares of GH on 04/29/2020 at an average price of $80.31 a share. The total sale was $4.5 million. Guardant Health Inc has a market cap of $7.28 billion; its shares were traded at around $76.96 with and P/S ratio of 32.69. GuruFocus has detected 2 severe warning signs with Guardant Health Inc.

Friday 5/1 Insider Buying Report: AGNC, FHN (Nasdaq.com)
At AGNC Investment, a filing with the SEC revealed that on Thursday, Director John D. Fisk bought 15,628 shares of AGNC, at a cost of $12.77 each, for a total investment of $199,570. Bargain hunters can grab AGNC even cheaper than Fisk did, with the stock changing hands as low as $12.15 at last check today which is 4.9% below Fisk’s purchase price. AGNC Investment is trading off about 1.3% on the day Friday. And at First Horizon National, there was insider buying on Wednesday, by Director Mark A. Emkes who purchased 10,000 shares for a cost of $9.42 each, for a total investment of $94,200. First Horizon National is trading down about 5.7% on the day Friday. Investors are able to buy FHN even cheaper than Emkes did, with the stock trading as low as $8.51 in trading on Friday which is 9.7% below Emkes’s purchase price.

SEC Awards Over $18 Million to Whistleblower (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose significant information prompted an examination that resulted in an important enforcement action. The whistleblower repeatedly reported the problem internally before contacting the SEC. “Because of this whistleblower’s actions, harmed investors were able to recover millions of dollars in losses,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “This whistleblower stepped forward and helped the agency better protect Main Street investors.” The SEC has awarded over $448 million to 81 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.