Richard L. Gale

Richard L. Gale discloses dealings in Provident Financial Holdings Inc to SEC (Form 4). Between 24 February 2006 and 7 June 2016, the trades on record add up to 43 filings.

In open-market terms, that means 10 purchases worth €113k on one side and 28 sales worth €1.0M on the other. Sales outweigh purchases by €919k. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Other entries cover 4 share grants and 1 option exercise. 2016 to date brings no purchases and 3 sales.

The median purchase comes to €8,092. For 10 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 0% of cases, with a median move of -22.0%. They describe history only and say nothing certain about the share price ahead.

The latest filing, published on 8 June 2016, reports an open-market sale of €1,482 in Provident Financial Holdings Inc. The clock since the last published purchase (25 February 2008) now reads 6,832 days. The median gap between a trade and its publication by SEC (Form 4) is 1 day. For comparison, the SEC allows two business days to file a Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.