Hedge Fund and Insider Trading News: Stanley Druckenmiller, Aurelius Capital Management, Farallon Capital, Arrow Electronics, Inc. (ARW), Biglari Holdings Inc (BH), and More

BGOV Bill Summary: H.R. 2534, Insider Trading Ban (Bloomberg Law)
A ban on insider trading of corporate securities would be codified and expanded under a modified version of H.R. 2534, making it easier for the government to prosecute cases against company insiders and recipients of confidential tips. Insider trading refers to transactions based on material nonpublic information, in violation of a duty of trust or confidence that individuals owe to their employers. It can also occur when insiders provide such information to other people who trade securities based on it.

The Chairman & CEO of Biglari Holdings (NYSE: BH) is Buying Shares (Analyst Ratings)
Yesterday, the Chairman & CEO of Biglari Holdings (BH), Sardar Biglari, bought shares of BH for $361.2K. Following Sardar Biglari’s last BH Buy transaction on November 20, 2019, the stock climbed by 3.0%. Over the last month, Sardar Biglari has reported another 3 Buy trades on BH for a total of $3.51M.

Arrow Electronics Inc (ARW) Chairman, President & CEO Michael J Long Sold $4.8 million of Shares (Guru Focus)
Chairman, President & CEO of Arrow Electronics Inc., Michael J Long, sold 60,122 shares of ARW on 11/25/2019 at an average price of $80.45 a share. The total sale was $4.8 million. Arrow Electronics Inc is a value-added distributor of electronic components, software, and data center infrastructure hardware. The company primarily sells semiconductors, software, storage, and servers to electronic equipment manufacturers and resellers.

Three 7%-8% Yields Worth Checking Out – One With Insider Buying (Seeking Alpha)
The yields are 7.37% and 7.83%. Recent insider purchases of 135,000 shares, worth ~$3.5M. Upside potential, valuations, financials also detailed. Two alternative high-yield trades also are discussed – annualized yields of 9% to 16%. If you’re looking for an opportunity to “invest like an insider,” you may want to take a look at Fortress Transportation and Infrastructure Investors LLC (FTAI), one of whose directors shelled out ~$3.5M for 135,000 shares in September for FTAI’s preferred A series shares, (FTAI.PA).

Insider Trading: November 26, 2019 (BIV.com)
Insider Ronald Douglas Miller, director. Company: Parex Resources Inc. (TSX:PXT). Shares owned: 58,425. Trade date: November 15. Trade total: $2,066,000. Trade: Sale of 100,000 shares at a price of $20.66 per share. Insider Ana Cristina Cabral, 10% owner. Company: Sigma Lithium Resources Corp. (TSX-V:SGMA). Shares owned: 20,400. Trade date: November 14. Trade total: $722,000. Trade: Sale of 380,000 shares at a price of $1.90 per share.