Yes, That Is Arthur Laffer of "Laffer Curve" Fame

JC Parets
September 2, 2022

Bryant R. Riley, chairman and CEO of B. Riley Financial Inc $RILY, and director Randall E. Paulson both filed Form 4s reporting purchases for a combined $3.7 million. Both executives have been frequent buyers all year.

Arthur Laffer, the former Reagan administration economic adviser known for the Laffer Curve, filed a Form 4 revealing a share purchase in NexPoint Residential Trust $NXRT.

The only 13D on our list today was filed by Simcoe Capital Management, which revealed an initial 6% ownership stake in the medical care facilities stock Cross Country Healthcare $CCRN.

The 13D filing reveals that they have just about doubled their stake in the company since their latest 13F filing, as of June 30.

Here’s The Hot List, with data through September 1, 2022:

The chief financial officer and treasurer at SeaWorld Entertainment $SEAS revealed a purchase of 39,000 shares, equivalent to $1.9 million.

There was also insider activity from a pair of directors at Douglas Emmett $DEI. Together, they purchased just under $1 million worth of stock.

Last but not least, there was bullish flow in Tencent Music Entertainment $TME, bluebird bio $BLUE, and iQIYI Inc $IQ.

Have a great long weekend. We'll be back Tuesday, following the Labor Day holiday, with more insider action.

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All Star Charts Team

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