Laurence Penn

Laurence Penn has filed trades across 2 companies (mainly through SEC (Form 4)), most often in Ellington Financial Inc. and Ellington Credit Co. We count 51 filings; the first trade dates from 12 October 2011 and the latest from 2 March 2020.

On the market, this insider has only ever bought: 46 purchases, €1.8M in total. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Outside the open market, there are 1 share grant and 1 option exercise.

In size, the median ticket on the buying side is €8,960. Clusters matter here: 19 out of 23 purchases overlapped with buying by a colleague within 30 days. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. For 46 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 100% of cases, with a median move of +7.5%. This is a record of the past, not a forecast.

The newest entry dates from 4 March 2020: an option exercise, in Ellington Financial Inc. The clock since the last published purchase (15 November 2018) now reads 2,902 days. 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. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.