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Hedge Fund and Insider Trading News: Tom Steyer, Sprott Asset Management, Canyon Partners, Southwestern Energy Company (SWN), JPMorgan Chase & Co. (JPM), and More

Sebi Eases Investment Norms for AIFs Operating in IFSC (
New Delhi: Sebi on Friday said investment provisions for domestic Alternative Investment Funds (AIFs) will also be applicable for such entities operating in International Financial Services Centre (IFSC). The market regulator’s circular comes after it held consultations with stakeholders and decided to harmonise the provisions governing investments by AIFs incorporated in IFSC with those applicable to domestic AIFs.

Judge Wants to Avoid Delays in Chris Collins’ Insider Trading Trial (The Buffalo News)
Federal prosecutors claim their new indictment against Rep. Chris Collins eliminates one of his legal defenses. The judge in the case, eager to avoid more delays before a trial next year, wants to make sure Collins agrees. Earlier this week, U.S. District Judge Vernon S. Broderick met by telephone with attorneys on both sides and asked the defense to weigh in on whether Collins’ “speech and debate” defense is still credible. “I’m cautiously optimistic that at least some of the issues that have been raised by the speech and debate clause motion, or more generally, by the speech and debate clause, may be eliminated,” Broderick told the lawyers.

Southwestern Energy Co (SWN) President and CEO William J Way Bought $191,000 of Shares (Guru Focus)
President and CEO of Southwestern Energy Co, William J Way, bought 100,000 shares of SWN on 08/09/2019 at an average price of $1.91 a share. The total cost of this purchase was $191,000. Southwestern Energy Co is an oil and gas company that explores, develops, and produces oil and natural gas within the United States. It is focused on unconventional natural gas in two US shale plays and oil and gas formations in the United States. Southwestern Energy Co has a market cap of $1.06 billion; its shares were traded at around $1.96 with a P/E ratio of 1.17 and P/S ratio of 0.26. GuruFocus has detected 3 severe warning signs with Southwestern Energy Co.

Friday 8/9 Insider Buying Report: JPM, TWOU (
On Thursday, JPMorgan Chase & Co (JPM)’s Director, Mellody L. Hobson, made a $2.00M purchase of JPM, buying 18,200 shares at a cost of $109.91 a piece. So far Hobson is down about 0.8% on the purchase, with shares trading as low as $109.03 at last check today. JPMorgan Chase & Co is trading down about 0.5% on the day Friday. Before this latest buy, Hobson bought JPM on 3 other occasions during the past twelve months, for a total cost of $2.32M at an average of $111.17 per share. And at 2U (TWOU), there was insider buying on Wednesday, by Director Gregory K. Peters who purchased 72,358 shares at a cost of $13.95 each, for a trade totaling $1.01M. Before this latest buy, Peters purchased TWOU on 2 other occasions during the past year, for a total investment of $1.00M at an average of $45.01 per share. 2U is trading up about 2.8% on the day Friday. So far Peters is in the green, up about 7.0% on their purchase based on today’s trading high of $14.92.

The CEO of Par Pacific Holdings (NYSE: PARR) is Buying Shares (Analyst Ratings)
Today, the CEO of Par Pacific Holdings (PARR), William Pate, bought shares of PARR for $555.6K. This recent transaction increases William Pate’s holding in the company by 19.77% to a total of $4.18 million. Following William Pate’s last PARR Buy transaction on May 30, 2017, the stock climbed by 4.9%. Based on Par Pacific Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.41 billion and quarterly net profit of $28.17 million. In comparison, last year the company earned revenue of $856 million and had a net profit of $15.94 million.

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