Casino Owner Twin River Rapidly Becoming Hedge Fund Favorite (Casino.org)
Twin River Worldwide Holdings, Inc. (NYSE:TRWH), the owner of four casinos in three states, became a public company through its acquisition of Dover Downs Gaming & Entertainment, launching an initial public offering (IPO) on the New York Stock Exchange in late March. In just over three months as a public company, the owner of the Tiverton Casino Hotel in Rhode Island has rapidly gained a following in the hedge fund community. Currently, 10 hedge funds own shares of Twin River, a massive amount for a $1.22 billion company that does not have two full quarters of trading under its belt.
Friday 7/5 Insider Buying Report: BBIO, CHNG (Nasdaq.com)
On Monday, Bridgebio Pharma’s, Michael Thomas Henderson, made a $119,000 buy of BBIO, purchasing 7,000 shares at a cost of $17.00 a piece. Henderson was up about 69.4% on the purchase at the high point of today’s trading session, with BBIO trading as high as $28.80 in trading on Friday. Bridgebio Pharma is trading down about 3% on the day Friday. This purchase marks the first one filed by Henderson in the past twelve months. And also on Monday, Director Bansi Nagji bought $65,000 worth of Change Healthcare, buying 5,000 shares at a cost of $13.00 a piece. This purchase marks the first one filed by Nagji in the past twelve months. Change Healthcare is trading up about 0.7% on the day Friday. So far Nagji is in the green, up about 16.5% on their purchase based on today’s trading high of $15.15.
Ola Rollén’s Acquittal now Final Following the Prosecution’s Decision not to Appeal (PRNewswire.com)
NACKA STRAND, Sweden, July 5, 2019 /PRNewswire/ — The Norwegian economic crime authority (Økokrim) today announced its decision not to appeal the acquittal verdict in the case against Hexagon President and CEO Ola Rollén. Thus, Rollén’s acquittal from the insider trading allegation, announced 26 June 2019, is forever final – yet another vindication for Rollén who has firmly denied any wrongdoing. In conclusion: Following the most fundamental of principles – innocent until proven guilty by a court of law – has proven to be the right decision for Hexagon and its shareholders.
CFTC Announces $2 Million Award to Joint Whistleblowers (HedgeCo.Net)
(HedgeCo.Net) The Commodity Futures Trading Commission has announced an award of approximately $2 million to two model whistleblowers who provided the agency with significant information that prompted the CFTC to open an investigation. The CFTC found numerous violations of the Commodity Exchange Act (CEA) that were directly based on information from the whistleblowers. The multiple interviews and numerous documents the whistleblowers provided were highly informative and formed the basis of the CFTC’s investigation. The whistleblowers also reported the same information to another organization, which conducted a separate investigation and shared its findings with the CFTC. Those findings significantly assisted the CFTC in building its case. The award will be divided evenly between the whistleblowers because they jointly submitted the tip and award application to the CFTC.
A Director at Carnival Corp (NYSE: CCL) is Buying Shares (Analyst Ratings)
Today, a Director at Carnival Corp (CCL), Randall Weisenburger, bought shares of CCL for $930K. Following Randall Weisenburger’s last CCL Buy transaction on May 29, 2013, the stock climbed by 18.1%. Following this transaction Randall Weisenburger’s holding in the company was increased by 19.43% to a total of $5.68 million. Based on Carnival Corp’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $4.84 billion and quarterly net profit of $451 million. In comparison, last year the company earned revenue of $4.36 billion and had a net profit of $561 million. CCL’s market cap is $31.86B and the company has a P/E ratio of 10.86. Currently, Carnival Corp has an average volume of 776.3K.
