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Hedge Fund and Insider Trading News: Starboard Value LP, Elliott Management, JMP Group LLC (JMP), TJX Companies Inc (TJX), and More

Insider Buying Activity Is Heating Up (The Street Real Money)
There have been several improvements over the last few days in the market. While none of these issues are definitively bullish in nature, we are of the opinion that they have tipped the scales just slightly enough to cause us to change our outlook. One improvement we are seeing is an observable increase in insider buying activity at the end of the quarter, which may imply greater confidence in upcoming earnings results. Let’s break it all down to see where things are headed.

Friday 3/29 Insider Buying Report: JMP, CMP (Nasdaq.com)
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Wednesday, JMP Group (JMP)’s CEO, Joseph A. Jolson, made a $125,554 purchase of JMP, buying 31,469 shares at a cost of $3.99 each. Bargain hunters can pick up JMP at a price even lower than Jolson did, with shares trading as low as $3.89 in trading on Friday which is 2.5% below Jolson’s purchase price. JMP Group is trading trading flat on the day Friday. Before this latest buy, Jolson purchased JMP on 20 other occasions during the past year, for a total cost of $2.35M at an average of $4.70 per share.

The SEVP – Group President of TJX Companies is Exercising Options (AnalystRatings)
Today it was reported that the SEVP – Group President of TJX Companies (TJX), Kenneth Canestrari, exercised options to sell 31,920 TJX shares at $29.85 a share, for a total transaction value of $1.7M. Following Kenneth Canestrari’s last TJX Sell transaction on May 24, 2018, the stock climbed by 9.2%. In addition to Kenneth Canestrari, 7 other TJX executives reported Sell trades in the last month.

Insider Guessing Can Still Land You in Jail (NatLawReview.com)
The most basic story of insider trading goes something like this: a corporate insider learns secret company information in the course of doing her job. She then goes out and trades on it, making (or saving) a bunch of money. This is not allowed! The information was the company’s, not the insider’s, and when she misappropriated it to her own benefit in her trading activity, she violated the law.

Tiptree Inc (NASDAQ:TIPT) Insider Trading Activity – Chairman Bought 88,826 shares of Stock (MarketExclusive)
Insider Trading Activity For Tiptree Inc (NASDAQ:TIPT): Michael Gene Barnes , Chairman of Tiptree Inc (NASDAQ:TIPT) reportedly Bought 88,826 shares of the company’s stock at an average price of 6.29 for a total transaction amount of $558,715.54.

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