Ken Griffin’s Citadel Just Bought Mullen (MULN) Stock (Business Insider)
Citadel Advisors is back into Mullen Automotive (NASDAQ:MULN) stock, a troubled electric vehicle (EV) play that the firm had previously sold out of. The hedge fund’s latest list of holdings, filed with the U.S. Securities and Exchange Commission (SEC), shows the firm with about 1.42 million shares of MULN. Citadel also has call and put options on MULN stock, hedging it against price moves up or down. The firm previously disclosed the sale of 532,000 shares in its August report.
GLP Capital Raises $1.5bn for US value-Add Self-Storage Fund (Opalesque)
GLP Capital Partners (GCP US), a global investment manager with a focus on modern logistics facilities and logistics-related operating companies, has raised $1.58bn in the final close of its inaugural North American self-storage real estate fund. The Fund – GCP SecureSpace Property Partners – was oversubscribed, making it the largest self-storage fund ever raised, said a press release from the registered investment adviser with over $5 billion in assets under management. The Fund secured commitments from a diverse group of limited partners including domestic and international institutional investors, including public and corporate pensions, insurance companies, asset management firms, and family offices, said the release.
Friday 11/18 Insider Buying Report: RYAN, AVTR (Nasdaq.com)
At Ryan Specialty Holdings, a filing with the SEC revealed that on Thursday, Director Michael D. Ohalleran purchased 29,474 shares of RYAN, at a cost of $33.94 each, for a total investment of $1.00M. Ohalleran was up about 9.5% on the buy at the high point of today’s trading session, with RYAN trading as high as $37.15 in trading on Friday. Ryan Specialty Holdings is trading up about 6.6% on the day Friday. And on Wednesday, CFO Thomas A. Szlosek purchased $258,850 worth of Avantor, purchasing 12,500 shares at a cost of $20.71 a piece. This buy marks the first one filed by Szlosek in the past year. Avantor is trading up about 1.9% on the day Friday.
Schlumberger, Electronic Arts And 3 Other Stocks Insiders Are Selling (Benzinga)
Dropbox: The Trade: Dropbox, Inc. (DBX) CEO Andrew Houston sold a total of 162,500 shares at an average price of $22.26. The insider received around $3.62 million from selling those shares. Charles Schwab: The Trade: The Charles Schwab Corporation (SCHW) Co-Chairman Charles Schwab sold a total of 132,050 shares at an average price of $78.29. The insider received around $10.34 million as a result of the transaction.
Sonic the Hedgehog Creator Arrested on Insider Trading Charges (Fox Business)
Sonic the Hedgehog’s creator is in police custody over allegations of insider trading. Yuji Naka, 57, was arrested Friday by Japanese authorities on charges of insider trading related to game-making company Aiming. Naka is the creator of the international hit Sonic the Hedgehog game series. Naka is currently employed by Square Enix, a titan of the Japanese gaming market.
