Hedge Fund and Insider Trading News: Warren Buffett, Steve Cohen, Greenlight Capital, Horseman Capital Management, Conifer Holdings Inc (CNFR), Nike Inc (NKE), and More

Insider-Trading Prosecutions Just Got Easier With Court Ruling (Bloomberg)
Prosecutors have a stronger hand going after insider trading following a court ruling that lowered the bar for bringing cases. The federal appeals court in Manhattan on Monday said the government may pursue insider-trading charges under a newer securities-fraud law not subject to a key requirement of the statute prosecutors traditionally use. The change will make it much easier to bring cases, particularly against those who trade on illegal tips passed to them indirectly and who may not know the source personally.

Thursday 1/2 Insider Buying Report: CNFR, OFC (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. On Monday, Conifer Holdings’ Director, Jeffrey Anthony Hakala, made a $54,692 buy of CNFR, purchasing 13,673 shares at a cost of $4.00 a piece. Conifer Holdings is trading up about 1% on the day Thursday. Before this latest buy, Hakala made one other buy in the past twelve months, purchasing $698,526 shares at a cost of $4.50 a piece. And at Corporate Office Properties Trust, there was insider buying on Monday, by CEO Stephen E. Budorick who bought 1,028 shares at a cost of $29.17 each, for a total investment of $29,987. Before this latest buy, Budorick bought OFC on 10 other occasions during the past year, for a total cost of $254,956 at an average of $28.56 per share. Corporate Office Properties Trust is trading off about 0.9% on the day Thursday.

Nike Inc (NKE) EVP: HR Monique S. Matheson Sold $1.7 million of Shares (Guru Focus)
EVP: HR of Nike Inc., Monique S. Matheson, sold 16,500 shares of NKE on 12/30/2019 at an average price of $101.54 a share. The total sale was $1.7 million. Nike Inc designs, develops and markets footwear, apparel, equipment, and accessory products. It is a seller of athletic footwear and athletic apparel. It sells its products through NIKE-owned in-line and factory retail stores and internet websites. Nike Inc has a market cap of $158.15 billion; its shares were traded at around $101.31 with a P/E ratio of 35.43 and P/S ratio of 4.08.

A Director at Kingstone Companies (NASDAQ: KINS) is Buying Shares (Analyst Ratings)
Today, a Director at Kingstone Companies (KINS), Floyd Tupper, bought shares of KINS for $5,285. Following this transaction Floyd Tupper’s holding in the company was increased by 1.96% to a total of $513.1K. In addition to Floyd Tupper, 2 other KINS executives reported Buy trades in the last month.