James Ozanne

James Ozanne discloses dealings in 5 companies, chiefly NMI Holdings, Inc., RSC Holdings Inc. and United Rentals, Inc. Between 3 January 2007 and 22 December 2020, the trades on record add up to 53 filings.

Market trades split into 10 purchases (€398k) and 15 sales (€3.9M). Taken together, the sales exceed the purchases by €3.5M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Other entries cover 19 share grants and 6 option exercises. In 2020 alone, the filings show no purchases and 1 sale.

In size, the median ticket on the buying side is €33k. 2 out of 4 purchases came within 30 days of a purchase by at least one other insider of the same company. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. After 8 purchases with a full 90-day history, the hit rate stands at 63% and the median 90-day move at +4.6%. These figures describe past trades and do not predict future prices.

Most recently, on 28 December 2020, the filings show a transaction in NMI Holdings, Inc. The latest purchase dates back some time: it was published 3,407 days ago, on 26 June 2017. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.