Harbert Management Corp

Filings by Harbert Management Corp span 20 companies, the busiest being Navistar International Corp, NEW York Times Co and Leap Wireless International Inc. In total, 277 filings cover trades dated from 1 August 2006 to 16 March 2021.

On the open market, the record shows 243 purchases worth €748.7M and 26 sales worth €12.3M. Netting one side against the other leaves €736.4M of net buying. Unlike grants, an open-market purchase is paid for by the insider, at the market price. In 2021 alone, the filings show no purchases and 4 sales.

A typical purchase (the median) is worth €1.5M. None of the 9 purchases we analysed coincided with buying by another insider of the same company within 30 days. Looking at 38 purchases old enough to measure, the stock rose over the following 90 days in 18% of cases; the median change was -7.2%. These figures describe past trades and do not predict future prices.

The newest entry dates from 17 March 2021: an open-market sale of €397k, in Enzo Biochem Inc. The last purchase on record was published on 20 August 2019, which is 2,622 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. Section 16 rules allow two business days to file each Form 4. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.