Michael Denlinger

This profile gathers the share dealings of Michael Denlinger across 2 companies, led by NYLIM MacKay DefinedTerm Muni Opportunities Fund and RiverNorth Managed Duration Municipal Income Fund II, Inc. The record holds 9 filings, for trades running from 11 February 2022 to 18 August 2023.

In open-market terms, that means 4 purchases worth €183k on one side and 5 sales worth €181k on the other. Netting one side against the other leaves €2,014 of net buying. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. In 2023 alone, the filings show no purchases and 3 sales.

A typical purchase (the median) is worth €49k. On 1 out of 4 purchases, another insider of the same company was buying within the same 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.

The latest filing, published on 21 August 2023, reports an open-market sale of €1 in NYLIM MacKay DefinedTerm Muni Opportunities Fund. The last insider purchase was made public on 11 October 2022, 1,474 days ago. The median gap between a trade and its publication by SEC (Form 4) is 3 days. US insiders must file a Form 4 within two business days of a trade. 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.