Latest filing published 28 May 2024 for Ares Dynamic Credit Allocation Fund, Inc., €104k.
Across 1 buy signal with a settled T+90 return. Return basis: close on the day after publication.
John Joseph Shaw is a declared insider of Ares Dynamic Credit Allocation Fund, Inc. (board member), with filings sourced from SEC (Form 4). In total, 11 filings cover trades dated from 16 December 2016 to 24 May 2024.
The open-market side counts 4 purchases for €818k alongside 7 sales for €687k. Purchases outweigh sales by €131k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. In 2024 alone, the filings show no purchases and 4 sales.
A typical purchase (the median) is worth €204k. 1 out of 4 purchases came within 30 days of a purchase by at least one other insider of the same company. Purchases made close together by different insiders form what is called a cluster.
The latest filing, published on 28 May 2024, reports an open-market sale of €103k in Ares Dynamic Credit Allocation Fund, Inc. The clock since the last published purchase (27 January 2022) now reads 1,731 days. Typically, a trade is published a median of 3 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction. 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.
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