Lloyd Wennlund

Filings by Lloyd Wennlund span 3 companies, the busiest being Calamos Convertible & High Income Fund, Calamos Convertible Opportunities & Income Fund and Calamos Long/Short Equity & Dynamic Income Trust. Activity is concentrated on a single trading day, 7 February 2020, with 4 filings.

The open-market record is one-sided, with 4 purchases worth €137k and not one sale. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket.

In size, the median ticket on the buying side is €45k. None of the 4 purchases we analysed coincided with buying by another insider of the same company within 30 days. For 4 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 0% of cases, with a median move of -16.8%. Past outcomes like these are no guarantee of what comes next.

The record was last updated on 10 February 2020 with an open-market purchase (€47k) in Calamos Convertible Opportunities & Income Fund. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 3 days. 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.