Paul L. Davis

Paul L. Davis discloses dealings in 2 companies, chiefly BlackRock TCP Capital Corp. and Tennenbaum Opportunities Fund V, LLC. Over a trading history stretching from 22 February 2007 to 16 March 2020, the count stands at 33 filings.

Every open-market trade on record is a purchase: 33 purchases worth €340k, and no sale. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. So far in 2020, the count stands at 8 purchases and no sales.

Half of the purchases are above €7,342 and half below. Clusters matter here: 15 out of 15 purchases overlapped with buying by a colleague within 30 days. 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 23 purchases old enough to measure, the stock rose over the following 90 days in 83% of cases; the median change was +5.1%. Past outcomes like these are no guarantee of what comes next.

The record was last updated on 17 March 2020 with an open-market purchase (€7,342) in BlackRock TCP Capital Corp. Typically, a trade is published a median of 2 days after it takes place. US insiders must file a Form 4 within two business days of a trade. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.