Eric F. Billings

Eric F. Billings discloses dealings in 2 companies, chiefly Arlington Asset Investment Corp. and FBR & Co. In total, 73 filings cover trades dated from 7 June 2007 to 12 July 2019.

In open-market terms, that means 13 purchases worth €2.5M on one side and 37 sales worth €11.6M on the other. Taken together, the sales exceed the purchases by €9.1M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Other entries cover 18 share grants.

Half of the purchases are above €99k and half below. On 3 out of 3 purchases, another insider of the same company was buying within the same 30 days. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time.

Most recently, on 12 July 2019, the filings show a share grant in Arlington Asset Investment Corp. The most recent open-market purchase was published on 3 October 2018, 2,958 days ago. Typically, a trade is published a median of 1 day after it takes place. Section 16 rules allow two business days to file each Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.