Arrow Electronics Stake Increased by Hedge Fund Inceptionr LLC (ClaytonCountyRegister)
Inceptionr LLC has increased its stake in Arrow Electronics, Inc. by 76.6% in the first quarter of this year, according to the company’s recent Form 13F filing with the SEC. The hedge fund now owns 9,304 shares of Arrow Electronics, worth $1,162,000. This increase in stake suggests that Inceptionr LLC sees potential in the technology company. Other hedge funds have also made changes to their positions in Arrow Electronics. Panagora Asset Management Inc. raised its stake by 12.3% during the first quarter, while Blair William & Co. IL, Prudential PLC, Cetera Investment Advisers, and Brown Brothers Harriman & Co. all acquired new positions in the company.
New SEC Hedge Fund Rules Not Expected to Trouble Crypto Firms (Crypto.News)
New rules instituted by the U.S. Securities and Exchange Commission (SEC) to regulate the private funds industry are not expected to affect crypto companies. The new rules, voted 3-2 on Aug. 30 by SEC commissioners along party lines, will impact hedge funds, private equity, and certain venture capital funds. However, they seem to have piqued the interest of asset managers overseeing crypto versions of private equity funds as they navigate the possible implications.
Hedge Funds Drop Short Trades on U.S. Regional Banks – Goldman (Reuters)
Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to a Goldman Sachs (GS.N) note, just as bank stock prices began to rise. U.S. financial services companies including banks, trading firms and those working in capital markets were among the most sought-after stocks in the week ended Sept. 1, according to the note by Goldman’s prime brokerage desk, which serves hedge funds.
Friday 9/1 Insider Buying Report: PRAA, LFMD (Nasdaq.com)
At Pra Group, a filing with the SEC revealed that on Tuesday, Director Steven D. Fredrickson bought 26,000 shares of PRAA, for a cost of $19.31 each, for a total investment of $502,060. So far Fredrickson is in the green, up about 3.2% on their purchase based on today’s trading high of $19.92. Pra Group is trading up about 1.6% on the day Friday. And on Thursday, Director Bertrand Velge bought $501,018 worth of LifeMD, buying 132,072 shares at a cost of $3.79 each. Before this latest buy, Velge purchased LFMD at 4 other times during the past twelve months, for a total cost of $669,860 at an average of $2.34 per share. LifeMD is trading up about 10.9% on the day Friday. Velge was up about 13.6% on the buy at the high point of today’s trading session, with LFMD trading as high as $4.31 at last check today.
Insider Alert: Lyft Director Buys Nearly 97,000 Shares After Earnings (Benzinga)
Shares of Lyft Inc (LYFT) are trading higher Tuesday after a Form-4 was filed with the SEC showing a Lyft insider purchased stock. Here’s what you need to know. What Happened: Prashant “Sean” Aggarwal, a lead independent director at the San Francisco-based ride share company, purchased 96,900 shares at an average price of $10.34 per share for a total transaction valued at more than $1 million.
