Although company ‘Insiders’ can offer valuable clues related to future share performance, investors are unable to monitor all the relevant trades. Identifying ‘Smart Insiders’ through specialist desktops or quantitative feeds enables our clients to generate alpha.
When it comes to data, we deem quality to be more important than quantity. By customising our delivery service of insider trades according to our clients’ preferences we ensure that our alerts display the most pertinent information. Desktop alerts highlight key trades and allow clients to look behind mere headline content, with access to comprehensive filtering and display tools. Since clients’ preferences vary, we can adjust the method, timing and frequency of insider data delivery they wish to receive as well as define the stock universe which matters most to them.
Our Signals service begins with our senior analysts reviewing the insider data. Experienced minds examine the information as a team, throughout the day, with the objective of uncovering stocks where director trading patterns are most indicative of future share price performance. Ideas and convictions are scrutinised, by examining trades made by individual directors or multiple board members, prior to the team reaching a consensus on a company. The conclusions include our insider signals data along with a commentary on why such assessments have been made.
With approximately three million insider transaction records, increasing by 1,000 each day, our global insider transaction database traces back to the mid-1990s in several markets. Each transaction has been scrutinised by our production analysts in order to ensure suitable consistency, accuracy, and timeliness. Data is processed according to specific criteria and using bespoke software tools and secondary data sources, in order to ensure that our records are as accurate and complete as possible.
Our Company buyback data tracks and analyses the amount and value of shares bought back by listed companies. Covering every market where share repurchases are reported, our global offering also includes ‘Buyback Intentions,’ which are the announcements made before buybacks are executed. Our reports and alerts cut through the statistical noise in order to provide our clients with concise, timely corporate share repurchases data tailored to their stock universe.
Politician Stock Trading
Transparency guidelines in the US require Congressmen and Senators to publish details of their trades in company shares globally. Though less stringent than regulations for company insiders the politicians’ stock trading data shows which politicians have a vested interest in certain stocks and provides insight into where positions have increased or reduced.
Stock of the Week
EOG Resources Inc – (EOG, +1, January 18th) Michael Kerr (Non Executive since 2020) purchased $2.6 million of stock on the 12th January at $130.49, increasing his stake by 12%. His only previous purchase was for $4.3m of stock in November 2021 at $86 which we ranked +N reflecting his…
We did not rank any new stocks this week and therefore are using an upgrade from January 5th, Lovesac (LOVE +N) for the stock of the week. Note that a month ago we downgraded RH (RH -N on Dec. 9th), a much larger and more established competitor but both stocks…
Merrimack Pharmaceutical Inc – (MACK, +1, January 4th) Eric Andersen (Non-Executive since 2019) bought $2.8 million of stock on the 30th of December at $10.67, increasing his stake by 20%. The purchases were indirect and on behalf of Western Standard, they now own 11.4% of the outstanding shares. They made…