Imperva Inc (NYSE:IMPV) saw its Chief Technology Officer, Amichai Shulman, dispose of 2,500 shares of Common Stock yesterday. The insider sold them at $30 per share, pursuant to a Rule 10b5-1 plan. Following this transaction, Mr. Shulman owns 76,265 shares indirectly (through Amichai Shulman Holdings 2000 Ltd.), and another 62,052 shares, directly. Mr. Shulman has been selling his Imperva Inc (NYSE:IMPV) stock for a while now. Since the beginning of the year, the insider has sold more than 31,000 shares of Common Stock, for average prices ranging from $30.00 per share to $48.28 per share. Similar to this insider, Israel Englander’s Millennium Management last disclosed having trimmed its exposure to Imperva…
Author: Javier Hasse
General Communication, Inc. (NASDAQ:GNCMA)’s Board Director, Jerry A. Edgerton declared today at the U.S. Securities and Exchange Commission the sale of 6,500 shares of the company’s Class A Common Stock. The transaction had taken place on May 28, 2014, for a price of $11.34 per share. Following this disposal, the Director owns 46,750 shares of the $470 million market cap wireless telephone services, data services, Internet access, video services and local and long-distance voice services provider. On top of Mr. Edgerton, another five insiders at General Communication, Inc. (NASDAQ:GNCMA) have sold their stock this year. Since the beginning of 2014,…
Oil States International, Inc. (NYSE:OIS)’s Accounting Segment’s Sr. Vice President and Corporate Secretary, Robert W. Hampton sold yesterday, June 24, 7,850 shares of the company for a price of $65.00 per share. After receiving $510,250.00 from the transaction, Mr. Hapton owns 29,319 shares of Common Stock from this $3.38 billion market cap provider of specialty products and services to natural resources companies worldwide. This is not the insider’s first sale this year. On early March, Mr. Hampton had already sold 1,300 shares for a total of $125,905.00. In addition, another four insiders sold the stock since March. On the opposite, Oil…
June 24, National Western Life Insurance Company (NASDAQ:NWLI)’s Sr. Vice President (Mortgage Loans Segment) and Board Director, Charles D. Milos purchased 1,000 shares of Class A Common Stock. For this transaction, he used 1,000 Non Qualified Stock Options, which gave him the right to buy 1,000 shares for $150 each –the options expired on June 25, 2014. The stock currently trades around $250 per share. Following the reported transaction, Mr. Milos holds 6,834 shares of National Western Life Insurance Company (NASDAQ:NWLI), a $908 million market cap stock life insurance company that offers a portfolio of individual whole life, universal life…
T. Rowe Price Group Inc (NASDAQ:TROW)’s Board Director Mark S. Bartlett, purchased yesterday, June 24, 4,500 shares of the company’s Common Stock. He paid a price of $83.32 per share and, after spending $374,940 in stock, his holdings amount to 9,950 shares, directly owned. I should highlight that this is the first insider purchase at T. Rowe Price Group Inc (NASDAQ:TROW) in almost three years. This $21.9 billion market cap financial services company has last seen an insider buy its stock in August 2011. But, unlike most of T. Rowe Price’s insiders, hedge funds seem to like this company quite…
Pacific Continental Corporation (NASDAQ:PCBK), a $251 million market cap bank holding company, saw yesterday, June 24, two Board Directors acquire its stock. Eric Forrest purchased 1,319 shares of Common Stock for $13.89 per share. After having spent $18,320.91 in stock, the insider owns 2,769 shares of the company. Another Director, Judi Johansen, bought 449 shares of Common Stock, for the same price as her colleague, Mr. Forrest. Following this transaction, Mrs. Johansen holds 10,267 shares of Pacific Continental Corporation (NASDAQ:PCBK). In addition to these insiders, several hedge funds are betting on the bank holding company. Matthew Lindenbaum’s Basswood Capital last…
Once per quarter hedge funds and other institutional investors reveal their equity positions as of the end of the respective quarter. While following the activity of hedge funds might provide retail investors with some opportunities, it also helps to identify which stocks are the most popular among hedge funds. In this piece, we will take a look at the five most popular tech stocks among hedge funds as of the end of the first quarter of 2014 using data provided by Insider Monkey. Google Inc (NASDAQ:GOOG) has been the hedge funds’ favorite for a few quarters now. Amongst the roughly 700 hedge funds that Insider…
Warren Buffett is one of the best and cheapest fund managers around. He is extremely popular too with more fans than most rock bands in the world, and the press covers his activities on a daily basis. We like Buffett because his stock picks still generate alpha even though some of them were acquired decades ago. Corporate insiders are great too; they have access to nonpublic information and understand their companies better than most investors. Academic studies have shown that stocks bought by several insiders outperformed the market by an average of 7 percentage points per year. In this article we…
Jana Partners is an event driven hedge fund managed by Barry Rosenstein, who founded it in 2001. Mr. Rosenstein started working for Merrill Lynch, ant then ran Sagaponack Partners (a private equity firm), before he opened his own fund. His strategy is defined by assessing a company’s value plus its growth catalysts . Value, for Rosenstein, means “basic industry companies, easily understandable business models, recurring revenue streams and, better, tipically cheap (…) after-tax free cash flow” (Pensions&Investments) In 2007, Jana Partners returned just 7.9%, followed by a 23.4% loss for 2008. The fund was able to bring in returns of 23.9% in 2009, but it…
Community West Bancshares (NASDAQ:CWBC)’s Board Director, Kirk Stovesand, acquired, on May 30, 1,028 shares of Common Stock. He paid $6.69 per share for the first 767 shares, and $6.65 per share for the remaining 261. Following these transaction, the insider owns 34,000 shares of the company. This is not the first insider purchase that the company has witnessed this year. Since February, Mr. Stovesand and another 5 insiders at Community West Bancshares purchased the company’s stock, for prices ranging from $6.65 per share to $7.25 per share. Despite the insider bullishness, none of the major hedge funds that we keep…
A few days ago, John H Lewis’ Osmium Partners, presented its Form 13F Filing for the first quarter of 2014 at the U.S. Securities and Exchange Commission. Over the three months ending on March 31, the fund started only 2 new stock positions, increased its stakes in 7 of its preexisting holdings, and sold out of 3 stocks. So, let’s take a look at Mr. Lewis’ portfolio for Q1 2014: The fund’s strong focus on technology stocks continued through the first quarter, with tech stocks accounting for almost half of its portfolio’s value. Its most valuable position –which remained unchanged…
Last week, Ray Dalio’s Bridgewater Associates, one of the world’s largest hedge funds, with $161.9 billion in Assets Under Management, disclosed its long equity positions at the S.E.C. Its equity portfolio, worth more than $12 billion, is still strongly focused on ETFs, which account for more than 88% of its portfolio’s value. However, the fund also holds stock from several tech, basic materials and services companies. These are the ones that interest us. Over the quarter Bridgewater started over 120 new equity positions, increased its stakes at another 75, and sold out of 77 positions. Let’s, thus, take a look…