Report
Jonathan Moreland
EUR 9.60 For Business Accounts Only

InsiderInsights Weekly Report: February 10, 2024

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process
Underlyings
Adicet Bio Inc

Adverum Biotechnologies

Adverum Biotechnologies is a clinical-stage gene therapy company targeting unmet medical need in ocular and rare diseases. The company develops gene therapy product candidates designed to provide durable efficacy by inducing sustained expression of a therapeutic protein. The company's main capabilities include clinical development, vector discovery, and in-house manufacturing expertise, specifically in scalable process development, assay development, and current Good Manufacturing Practices quality control. The company is conducting a clinical trial for its gene therapy candidate ADVM-022, AAV.7m8-aflibercept, for the treatment of wet age-related macular degeneration.

Akoustis Technologies Inc

Akoustis Technologies is a commercial company focused on developing, designing, and manufacturing radio frequency (RF) filter products for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a new and proprietary microelectromechanical systems based bulk acoustic wave technology and manufacturing flow, called XBAW. The company's XBAW? process incorporates high purity piezoelectric materials to achieve high power, high frequency and/or bandwidth filter performance. The company operates in two segments, Foundry Fabrication Services; and RF Filters.

America's Car-Mart Inc.

America's Car-Mart is an automotive retailer focused on the Integrated Auto Sales and Finance segment of the used car market. The company's operations are principally conducted through its two operating subsidiaries, America's Car Mart, Inc. and Colonial Auto Finance, Inc. The company primarily sells older model used vehicles and provides financing for substantially all of its customers. The company purchases vehicles primarily from wholesalers, new car dealers, individuals and auctions. The company provides financing to substantially all of its customers who purchase a vehicle at one of its dealerships. A majority of the company's customers make their payments in person at the dealership where they purchased their vehicle.

Arcus Biosciences

Arcus Biosciences is a clinical-stage biopharmaceutical company focused on creating cancer immunotherapies. The company has four clinical-stage product candidates: AB928, which is an orally bioavailable, reversible antagonist of the adenosine 2a and adenosine 2b receptors; AB680, which is a reversible and selective inhibitor of the CD73 enzyme; AB122, which is a human antibody with similar binding affinity and other characteristics to the marketed anti-PD-1 antibodies pembrolizumab and nivolumab; and AB154, which is a humanized antibody that inhibits an immune checkpoint target involved in a pathway that plays both inhibitory and stimulatory roles in the immune system.

ASTRIA THERAPEUTICS INC

Berry Global Group Inc

Berry Global Group is a supplier of a range of non-woven products used within consumer and industrial end markets. The company's segments are: Consumer Packaging International, which includes recycling, bottles and canisters, containers, polythene films, and technical components product groups; Consumer Packaging North America, which includes containers and pails, foodservice, and tubes product groups; Engineered Materials, which includes stretch and shrink films, converter films, food and consumer films, retail bags, polyvinyl chloride films, and agriculture films product groups; and Health, and Hygiene and Specialties, which includes health products, hygiene products, and specialties products.

Catalyst Pharmaceuticals

Catalyst Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing therapies for people with rare, debilitating, chronic neuromuscular and neurological diseases. The company has licensed the North American rights to Firdapse?, a proprietary form of amifampridine phosphate, or chemically known as 3,4-diaminopyridine phosphate, from BioMarin Pharmaceutical Inc. for the treatment of patients with Lambert-Eaton Myasthenic Syndrome, Congenital Myasthenic Syndromes and Myasthenia Gravis. In addition, the company has launched Firdapse? in the United States, selling through a field force in neurologic, central nervous system or rare disease products consisting of field personnel.

Citizens Holding Co.

Citizens Holding is a bank holding company. Through its subsidiary, The Citizens Bank of Philadelphia, Mississippi, the company engages in a range of commercial and personal banking activities, including accepting demand deposits, savings and time deposit accounts, making secured and unsecured loans, issuing letters of credit, originating mortgage loans, and provides personal and corporate trust services. The company also provides services such as credit life insurance and title insurance for its loan customers. The company's lending activities include commercial, real estate, installment and credit card loans.

Clearside Biomedical Inc

Clearside Biomedical is a biopharmaceutical company developing treatments that restore vision for people with back of the eye diseases. The company's suprachoroidal injection platform is a patented approach for delivering pharmacotherapy to the back of the eye via the suprachoroidal space (SCS). The company's key product candidate, XIPERE, is a proprietary, preservative-free suspension of the corticosteroid triamcinolone acetonide formulated for administration via suprachoroidal injection, for the treatment of macular edema related with uveitis. The company is also developing Axitinib for Suprachoroidal Injection for administration to the SCS as a long-acting therapy for wet age-related macular degeneration.

Cliffs Natural Resources Inc.

Columbia Banking System, Inc.

Compass Diversified Holdings

Compass Diversified Holdings is a statutory trust that acquires and manages a group of small and middle-market businesses. The company's businesses include: branded consumer businesses, which includes its subsidiary, 5.11 ABR Corp., that provides purpose-built tactical apparel and gear for law enforcement, firefighters, EMS, and military special operations as well as outdoor and adventure enthusiasts; and niche industrial businesses, which includes its subsidiary, Foam Fabricators Inc., that designs and manufactures custom molded protective foam solutions and original equipment manufacturer components made from expanded polystyrene and other expanded polymers.

CORBUS PHARMACEUTICALS HOLDINGS INC.

CVB Financial Corp.

CVB Financial is a bank holding company. Through its subsidiary, Citizens Business Bank (the Bank), the company's primary operations are related to banking activities. This includes the acceptance of deposits and the lending and investing of money through the operations of the Bank. The company provides a range of bank deposit instruments including checking, savings, money market and time certificates of deposit for both business and personal accounts. The company also serves as a federal tax depository for its business customers. The company provides a range of lending products, including commercial, agribusiness, consumer, small business administration loans, real estate loans and equipment and vehicle leasing.

Dorchester Minerals L.P.

Dorchester Minerals is engaged in the acquisition, ownership and administration of Royalty Properties and Net Profits Interests (NPIs). The Royalty Properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in several counties and parishes in several states. The NPIs represent net profits overriding royalty interests in various properties owned by the operating partnership. The company's general partner is Dorchester Minerals Management LP, which is managed by its general partner, Dorchester Minerals Management GP LLC.

Harrow Health Inc.

Harrow Health focuses on the development, production and sale of medications. The company mainly focuses on its ImprimisRx business, which is an ophthalmology pharmaceutical compounding business, and Park Compounding, Inc., which is a pharmacy focused primarily on health and wellness related, customizable pharmaceutical compounding. The company's other subsidiaries include: Eton Pharmaceuticals, Inc., a pharmaceutical company focused on developing and commercializing products utilizing the U.S. Food and Drug Administration 505(b)(2) regulatory pathway; and Surface Pharmaceuticals, Inc., a pharmaceutical company focused on development and commercialization of therapeutics for ocular surface diseases.

KKR Real Estate Finance Trust

KKR Real Estate Finance Trust is a holding company. Through its subsidiaries, the company is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by Commercial Real Estate (CRE) properties. The company's target assets also include mezzanine loans, preferred equity and other debt-oriented instruments. The company has a portfolio of diversified investments, consisting of performing senior loans, mezzanine loans, preferred equity and commercial mortgage-backed securities B-Pieces. The company is externally managed by its manager, KKR Real Estate Finance Manager LLC, an indirect subsidiary of KKR & Co. L.P.

Markel Corporation

Markel is a financial holding company. The company's business operations are: Underwriting, which comprised of risk-bearing insurance and reinsurance operations; Investing, which is primarily related to underwriting operations; Markel Ventures, Inc., includes controlling interests in a portfolio of businesses that operate outside of the specialty insurance marketplace; Insurance-linked securities, which include investment fund managers that provide investment products, including insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives; and Program services, which serves as a fronting platform that provides access to property and casualty insurance market.

NBT Bancorp Inc.

NBT Bancorp is a financial holding company. Through its subsidiary, NBT Bank, National Association (the Bank), the company mainly provides commercial banking, retail banking and wealth management services. Deposit products provided by the Bank include demand deposit accounts, savings accounts, negotiable order of withdrawal accounts, money market deposit accounts and certificate of deposit accounts. Loan products provided by the Bank include indirect and direct consumer loans, home equity loans, mortgages, business banking loans and commercial loans. The Bank also provides various other products and services such as trust and investment services and financial planning and life insurance services.

Nemus Bioscience Inc

New York Community Bancorp Inc.

New York Community Bancorp is a multi-bank holding company. Through its subsidiary, New York Community Bank, the company operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio: and AmTrust Bank in Florida and Arizona. The company is also a producer of multi-family loans in New York City, with a focus on non-luxury residential apartment buildings with rent-regulated units that feature below-market rents.

NextEra Energy, Inc.

Oak Valley Bancorp

Oak Valley is a bank holding company. Through its subsidiary, Oak Valley Community Bank (the Bank), the company provides basic banking services to individuals and business enterprises in Oakdale, CA and the surrounding areas. The Bank provides a complement of business checking and savings accounts for its business customers. The Bank also provides commercial and real estate loans, as well as lines of credit. The Bank provides other services for both individuals and businesses including online banking, remote deposit capture, mobile banking, merchant services, night depository, extended hours, wire transfer of funds, note collection, and automated teller machines in a national network.

Occidental Petroleum Corporation

Occidental Petroleum has three reporting segments: oil and gas, which explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas; chemical, which mainly manufactures and markets basic chemicals (chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates and calcium chloride) and vinyls (vinyl chloride monomer, polyvinyl chloride and ethylene); and marketing and midstream, which purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide and power.

Paysign Inc

Paysign is a vertically integrated provider of prepaid card programs and processing services for corporate, consumer and government applications. The company markets its prepaid card solutions under its PaySign brand. The company provides a card processing platform consisting of proprietary systems and software applications. Through its proprietary PaySign platform, the company provides a variety of services including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service. The company has developed prepaid card programs for corporate incentive and rewards including, but not limited to, consumer rebates and rewards, and donor compensation.

PBF Energy Inc. Class A

PBF Energy is a holding company. Through its subsidiaries, the company is engaged as an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the U.S. The company operates in two business segments: refining, which the company produces a variety of products at each of its refineries such as gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals and asphalt; and logistics, which through its PBF Logistics LP subsidiary, the company owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.

Pioneer Municipal High Income Advantage Trust

PROCESSA PHARMACEUTICALS INC

QNB Corp.

Relmada Therapeutics

Rocky Mountain Chocolate Factory Inc.

Rocky Mountain Chocolate Factory is a holding company. Through its subsidiaries, the company is an international franchisor, confectionery manufacturer and retail operator. The company manufactures chocolate candies and other confectionery products. The company's wholly-owned subsidiary, U-Swirl International, Inc. (U-Swirl), franchises and operates self-serve frozen yogurt cafes. The company also sells its candy in selected locations outside of its system of retail stores and license the use of its brand with certain consumer products. U-Swirl operates self-serve frozen yogurt cafes under the names U-Swirl, Yogurtini, CherryBerry, Yogli Mogli Frozen Yogurt, Fuzzy Peach Frozen Yogurt, Let's Yo! and Aspen Leaf Yogurt.

Texas Capital Bancshares Inc.

Texas Capital Bancshares is a bank holding company. Through its subsidiary, Texas Capital Bank, National Association, the company serves commercial businesses and professionals and entrepreneurs located in Texas as well as operates several lines of business serving a regional or national clientele of commercial borrowers. The company is a lender, with most of its loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses headquartered or with operations in Texas. The company's business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts and other treasury management services, including online banking.

Thermon Group Holdings

Thermon Group Holdings is a holding company. Through its subsidiaries, the company provides engineered industrial process heating solutions for process industries. The company's products include a range of electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines including: self-regulating and power limiting heating cables; mineral insulated cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems.

Tile Shop Holdings Inc.

Tile Shop Holdings is a holding company. Through its subsidiaries, the company is a retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the U.S. The company provides a range of natural stone and man-made tile products, sourced directly from its suppliers. Natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. Man-made products include ceramic, porcelain, glass, cement, wood look, and metal tiles. The company's accessories, including trim pieces, mosaics, pencils, listellos, and other products. The company also provides a range of setting and maintenance materials, such as thinset, grout, sealers, and accessories.

United Parcel Service Inc. Class B

United Parcel Service provides transportation services, primarily domestic and international letter and package delivery. The company reports its operations in three segments: United States Domestic Package, which includes the time-definite delivery of letters, documents and packages throughout the United States; International Package, which includes delivery to several countries and territories worldwide, including shipments wholly outside the United States, as well as shipments with either origin or destination outside the United States; and Supply Chain & Freight, which includes the company's Forwarding, Logistics, Coyote, Marken, UPS Mail Innovations, UPS Freight and other aggregated business units.

Virtu Financial Inc. Class A

Virtu Financial is a holding company. Through its subsidiaries, the company is a financial firm. The company has two operating segments: Market Making, which principally consists of market making in the cash, futures, and options markets across global equities, options, fixed income, currencies and commodities; and Execution Services, which provides agency execution services and trading venues that provide transparent trading in global equities, ETFs, fixed income, currencies, and commodities to institutions, banks and broker dealers, as well as provides soft dollar and commission recapture programs.

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Analysts
Jonathan Moreland

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