Category: Insider buying or selling (page 1 of 2)

Omega Healthcare’s Insoft sells $3 million in shares

Omega HealthcareHUNTS VALLEY, MD — Omega Healthcare Investors Inc. executive Steven Insoft, the head of corporate development for the Hunts Valley-based health care REIT, sold $2.98 million in shares on Tuesday, according to a filing from the Securities and Exchange Commission

The 87,500 sold shares were equal to 20.6 percent of the common stock shares Insoft owned in 2016, according to the company’s most recent report on executive compensation. He still owns more than 320,000 common stock shares in the firm.

He filed the transactions Thursday, minutes after the stock market closed early in observance of Good Friday.

The last time Insoft sold company shares was mid-March, disposing of roughly $387,000 in shares. The most recent company stock transaction from a company leader came from Edward Lowenthal, a director, who sold 637 shares in March, just 1.5 percent of his common stock stake, worth $19,900.

The transaction occurs weeks within the release of Omega’s financial report for the first quarter ended March 31. Analysts expect quarterly earnings of 51 cents per share, compared to earnings of 29 cents per share during the same quarter last year and 63 cents per share during the most recent quarter.

Also on Thursday, Omega announced a common stock dividend of 63 cents, up 1 cent from last quarter. It is its 19th consecutive dividend increase.

The company’s stock price fell Thursday to $34.06, down 0.1 percent from Wednesday, and up 10.4 percent over the month.

This story is from the Maryland Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism

Marriott executive Rodriguez sells over $1 million in shares

marriottBETHESDA, MD – The chief human resources officer of Marriott International Inc. sold more than $1 million worth of stock in the company, according to a Securities and Exchange Commission filing..

David Rodriguez sold the 11,112 shares at a price of $90, according to a Form 4 filed with the SEC.

Rodriguez has been a part of the human resource senior leadership team since 1998 and was appointed to the board of directors of the Committee for Excellence that focuses on advancing employee well-being and inclusion in 2005.

He now directly own 31,325 shares in the company worth more than $2.8 million.

Marriott was founded in 1927, and Marriott International was founded in 1993 when the parent company split into Marriott International and Host Marriott Corp. Marriott International manages and franchises more than 5,700 properties in over 110 countries.

The company’s shares on Wednesday afternoon were $91.44, up $2.17, or 2.37 percent.

The filing can be found here.

This story is from the Maryland Business Newswire, a service of UNC-Chapel HiIl’s School of Media and Journalism

Money manager buys 8.3 percent stake in Radio One

SILVER SPRING, MD – A New York-based money manager has acquired an 8.3 percent stake in broadcasting company Radio One Inc., according to a Friday filing with the Securities and Exchange Commission.

The New York-based investment fund Brigade Capital Management purchased 3,415,721 shares on March 8, out of nearly 41 million outstanding shares.

Radio_one_logo

On that day Radio One’s stock closed at $2.45, and since climbed to a closing price on Friday of $3.20.

Radio One is a broadcasting company founded in 1980 which has holdings in radio, cable television and digital media.

In 2014, the company reported a loss per share of $1.32, which in 2016 shrunk to a loss of only 1 cent per share with revenue over $450 million.

On March 16, the company announced in an 8-k filing with the SEC that it was seeking to refinance the $345 million in borrowings which were scheduled to mature in Dec. 2018.

Brigade Capital Management is a New York-based hedge fund that specializes in credit investment strategies. It has $18 billion of assets spread over five hedge fund vehicles that specialize in certain types of investments.

Radio One’s founder, Cathy Hughes, built the company initially by purchasing small, under-performing radio stations in urban markets and changing the content to better suit an African American audience.

It is the largest African American-owned broadcasting company in the U.S.

Her son, Alfred Liggins III, took over as CEO in 1997 and still maintains the position. As of Dec. 31, 2016, the mother and son collectively own 95 percent of Class A voting shares.

This is a story from the Maryland Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism

New York money manager buys 7 percent stake in Laureate Education

LaureateBALTIMORE, MD — A New York-based money manager has purchased a 7 percent stake in Baltimore-based Laureate Education Inc., which went public earlier this year, according to a Securities and Exchange Commission filing.

Melvin Capital Management purchased 2.5 million shares, or 7.1 percent, of the company, according to the filing. Based on Wednesday’s stock price, that stake in the company is worth $32.1 million.

Melvin Capital Management’s largest position is 2.6 million shares of Visa Inc. worth more than $230 million, according to SEC filings.  It also owns more than $190 million of John Deere & Co. and Alphabet Inc., the parent of Google Inc.

Melvin Capital Management is long/short equity hedge fund founded by Gabriel Plotkin in December 2014. It has more than $2 billion in assets under management.

Laureate Education sold 35 million shares in early February at $14 per share, raising more than $450 million, in its initial public offering. The primary underwriters of the IPO were Credit Suisse, Morgan Stanley and Barclays.

Laureate was taken private in a management-led $3.8 billion buyout in 2007, backed by an investor group including Kohlberg, Kravis & Roberts and Citigroup Inc.

Laureate says it has a student body of which 95 percent reside outside the United States. The company owns, manages or partners with 71 institutions in 25 countries with 80 percent of its revenues originating abroad.

Its shares were trading Wednesday afternoon at $12.85, up 5 cents.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Sinclair Broadcasting exec sells $1.2 million in stock

Screen Shot 2017-03-01 at 6.43.36 PMHUNT VALLEY, MDDavid Amy, vice chairman of Sinclair Broadcasting Group Inc., sold $1.2 million worth of stock, according to a filing with the Securities and Exchange Commission.

Between March 2 and March 3, Amy sold 3,334 shares at a price of $40.08 and an additional 28,000 at a price of $40.87.

The entire exchange has a total value of $1,278,054.

Sinclair Broadcasting was founded in 1986 and owns and operates 173 stations and 508 channels. Sinclair is one of the largest and most diversified broadcast companies in the country.

On March 1, Sinclair Broadcast Group acquired the assets of Tennis Media company, the owner of Tennis magazine and Tennis.com.

According to a press release, “The acquisition will create a unified media platform that combines Tennis.com, the most visited online tennis platform in the world, and Tennis magazine, the sport’s most circulated print publication, with Sinclair’s Tennis Channel.”

March 1 was also a day of acquisition rumors for the broadcast company. According to reports, Sinclair Broadcast Group approached Chicago-based Tribune Media Co. about a possible merger or acquisition.

Sinclair Broadcasting trades on Nasdaq under the ticker SBGI. Shares are trading at $41.15 midday Friday, up 0.61 percent, or 25 cents.

This story is from the Maryland News Wire, a service of the UNC-Chapel Hill’s School of Media and Journalism

Host Hotels executive VP Abji profits over $2 million in stock trade

imgresBETHESDA, MD – Minaz Abji, executive vice president of asset management for Host Hotels & Resorts Inc., profited $2,028,869 from exercising options and selling shares of company stock, according to a Securities and Exchange Commission filing.

Abji acquired 56,610 shares of company stock at no cost using his exercise option. He then sold 56,610 shares at a price of $18.39 per share for a value of $1,041,058 and sold another 53,475 at a market price of $18.47 per share for a profit of $987,838.

The transactions occurred on March 2, according to the Form 4 filing.  Abji still owns 121,788 shares of stock worth more than $2.2 million.

Abji joined Host Hotels in 2003 to serve as the executive vice president of asset management. He previously worked as the president of Canadian Hotel Income Properties real estate investment trust in Vancouver, British Columbia.

Host Hotels & Resorts is a Maryland-based S&P 500 and Fortune 500 company and the largest lodging REIT and owners of luxury hotels.

Host Hotels stock closed Thursday at $18.61, up 22 cents, or 1.2 percent, for the day.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism 

 

Sinclair Broadcast exec sells $2.8 million in shares

HUNT VALLEY, MD –- The executive secretary of Sinclair Broadcasting Group Inc. sold $2.8 million of shares in the company.Screen Shot 2017-03-01 at 6.43.36 PM

J. Duncan Smith sold 16,471 shares at a price of $40.29 and another 53,529 shares at a price of $40.10, according to a Form 4 filed with the Securities and Exchange Commission.

After gifting his shares, Smith only has 185 shares left.

Sinclair Broadcasting was founded in the 1970s and is one of the leading broadcast companies in the United States. They engage viewers with compelling news, entertainment and sports content, while providing their advertisers means to connect with mass audiences.

On March 1, it was reported that Sinclair and Tribune Media, one of the largest television broadcasting companies, have been communicating regarding a possible a merger or acquisition.

Sinclair Broadcasting shares closed on March 1 at $41.80, up $1.25 or 3.08 percent increase, for the day.

The filing can be found here.

This story is from the Maryland News Wire, a service of the UNC-Chapel Hill’s School of Media and Journalism

W. R. Grace CEO Festa profits more than $2.6 million from exercising, selling stock

COLUMBIA, MD – Alfred Festa, chairman and chief executive officer of W. R. Grace & Co., profited $2,615,824 after exercising options and selling shares of company stock, according to a filing with the Securities and Exchange Commission.

imgresThe transactions occurred on Feb. 21, according to the Form 4 filing.

Henson bought 80,560 shares at an exercise price of $39.02 per share and then sold them at a market price of $71.4905 per share.

Festa still owns 231,230 shares of company stock worth more than $16.5 million, according to the filing. Festa has served as chairman and CEO since 2008 and 2005, respectively, after previously serving as the chief operating officer beginning in 2003.

W. R. Grace is a specialty chemical, construction and container product company, with customers in the food, petroleum refinery and construction products industries.

W.R. Grace stock closed on Feb. 21 at $71.06, down 75 cents, or 1.04 percent, for the day.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism 

Newhouse media moguls sell $60 million of Discovery stock

Discovery Comm. SILVER SPRINGS, MDThe Newhouse family, owner of Advance Publications and multiple media outlets, has sold $60 million worth of Discovery Communications stock, according to a filing with the Securities and Exchange Commission.

On Feb. 16, the Newhouse family sold 1,209,225 shares of common stock, valued at $49.89 per share, totaling $60,328,235.

After the transaction, the family still owns 26,432,492 shares of stock.

The Newhouse family sold the shares under Advance Long-Term Management Trust, Advance Publications Inc., Newhouse Family Holdings L.P. and Newhouse Broadcasting Corp. 

The Newhouse family is listed No. 11 on Forbes’ 2016 list of America’s Richest Families, with a net worth of over $18.5 billion.

Samuel and Donald Newhouse inherited Advance Publications after their father’s death in 1979. Advance’s holdings include Condé Nast Publications — publisher of Vogue, The New Yorker, Vanity Fair — and newspapers in over 25 U.S. cities.

The brothers also own a substantial stake in Discovery Communications, including TLC and Animal Planet.

Discovery Communications trades on Nasdaq under the ticker DISCA. The company’s shared closed Tuesday at $29.62, up 94 cents, or 3.28 percent.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Choice Hotels executive Cimerola sells nearly $1 million in stock

Choice HotelsROCKVILLE, MDPatrick Cimerola, chief human resources officer of Choice Hotels International Inc., sold nearly $1 million in stock, according to a filing with the Securities and Exchange Commission.

Between Feb. 10 and 13, Cimerola sold 16,498 shares in two increments, with prices ranging between $57.00 and $57.30.

Following the reported transactions, Cimerola still owns 24,696 shares worth more than $1.4 million.

Cimerola joined Choice in 2002 as senior director of human resources, became vice president in 2003, senior vice president in 2009 and chief human resources officer in 2016.

Choice Hotels International is one of the largest lodging companies in the word, with more than 6,400 hotels in over 40 countries. Choice owns hotel franchises including Quality, Comfort Suites, Comfort Inn, Cambria Hotels & Suites and Suburban.

Choice Hotels International shares are trading at $57.50 Wednesday morning, up 35 cents, or 0.61 percent.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

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