Shelby E. Sherard

All filings by Shelby E. Sherard on record concern FIDUS INVESTMENT Corp. Between 7 March 2018 and 12 March 2020, the trades on record add up to 9 filings.

The open-market record is one-sided, with 9 purchases worth €301k and not one sale. Unlike grants, an open-market purchase is paid for by the insider, at the market price. In 2020 alone, the filings show 3 purchases and no sales.

Half of the purchases are above €23k and half below. Clusters matter here: 8 out of 9 purchases overlapped with buying by a colleague within 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. For 9 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 67% of cases, with a median move of +2.3%. They describe history only and say nothing certain about the share price ahead.

The record was last updated on 12 March 2020 with an open-market purchase (€42k) in FIDUS INVESTMENT Corp. The median gap between a trade and its publication by SEC (Form 4) is 1 day. US insiders must file a Form 4 within two business days of a trade. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.