Bulldog Investors, LLC

Filings by Bulldog Investors, LLC span 19 companies, the busiest being Pacholder High Yield Fund Inc, First Trust Dividend & Income Fund and Nuveen Global Equity Income Fund. Between 30 December 2015 and 28 February 2020, the trades on record add up to 555 filings.

Market trades split into 486 purchases (€54.0M) and 59 sales (€23.2M). Taken together, the purchases exceed the sales by €30.8M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. 2020 to date brings 1 purchase and no sales.

Half of the purchases are above €61k and half below. 18 out of 55 purchases came within 30 days of a purchase by at least one other insider of the same company. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. Looking at 69 purchases old enough to measure, the stock rose over the following 90 days in 77% of cases; the median change was +1.9%. Past outcomes like these are no guarantee of what comes next.

The record was last updated on 6 March 2020 with an open-market purchase (€5,214) in Western Asset Corporate Loan Fund Inc. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. For comparison, the SEC allows two business days to file a Form 4. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.