Hedge Fund and Insider Trading News: Shannon River Capital Management, Saba Capital, Intel Corporation (INTC), Wells Fargo & Co (WFC), and More

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Only Seven Dow Components With Recent Insider Buying, INTC is One of Them (Nasdaq.com)
The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money – maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only seven companies have experienced such buying over the trailing six month period, one of which was Intel Corp (Symbol:INTC), where an investment totaling $493.1K invested across 2 purchases was made by Interim CEO [CFO] Robert Holmes Swan.

Gentian Diagnostics AS : – Primary Insider Notificatio (Market Screener)
(Oslo, Norway, January 29, 2019) Vatne Equity AS has today acquired 175,000 shares in Gentian Diagnostics AS at an average price of NOK 54.50 per share. Henrik Krefting, CEO of Vatne Capital AS, which is the owner of Vatne Equity AS, is a Board Member of Gentian Diagnostics AS. Following the share purchase, Vatne Equity AS will hold 1,910,340 shares in Gentian, corresponding to 12.41% of the outstanding shares. In addition, Lioness AS, a sister company of Vatne Equity AS, owns 150,000 shares in Gentian, corresponding to 0.97% of the outstanding shares. Following the share purchase, Vatne Equity AS and Lioness AS will together hold 2,060,340 shares in Gentian, corresponding to 13.38% of the outstanding shares.

Nutritional High to Acquire Controlling Interest in Cannabis Infused Edibles Producer SolDaze (BusinessInsider)
TORONTO, Jan. 29, 2019 (GLOBE NEWSWIRE) — Nutritional High International Inc. (“Nutritional High” or the “Company”) (CSE: EAT, OTCQB: SPLIF, FRANKFURT: 2NU) is pleased to announce that is has entered into a letter of intent to purchase a controlling 51% interest in in Tres Ojos Naturals, LLC d/b/a SolDaze (“SolDaze”), a limited liability company from Santa Cruz, California. SolDaze produces cannabis infused fruit snacks in California which are distributed by the Company’s distributor, Calyx Distributions.

Wells Fargo & Co (WFC) Position Boosted by Clean Yield Group (TheMarketsDaily.com)
Clean Yield Group boosted its stake in Wells Fargo & Co (NYSE:WFC) by 53.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,328 shares of the financial services provider’s stock after buying an additional 3,250 shares during the period. Clean Yield Group’s holdings in Wells Fargo & Co were worth $430,000 at the end of the most recent quarter.

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