Limbach Holdings, Inc.
US ˙ NasdaqCM ˙ US53263P1057

Introduction

This page provides a comprehensive analysis of the known insider trading history of Bacon Charles A. III. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Bacon Charles A. III has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:LMB / Limbach Holdings, Inc. Director 474,485
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Bacon Charles A. III. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases LMB / Limbach Holdings, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in LMB / Limbach Holdings, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2022-05-27 LMB Bacon Charles A. III 4,384 5.7000 4,384 5.7000 24,989 356 21.8200 70,671 282.82
2022-03-24 LMB Bacon Charles A. III 3,570 6.8500 3,570 6.8500 24,454
2021-12-08 LMB Bacon Charles A. III 3,246 7.6518 3,246 7.6518 24,838
2021-03-31 LMB Bacon Charles A. III 909 9.8900 909 9.8900 8,990
2021-03-31 LMB Bacon Charles A. III 3,000 10.3400 3,000 10.3400 31,020
2020-09-29 LMB Bacon Charles A. III 5,263 9.3953 5,263 9.3953 49,447
2020-09-03 LMB Bacon Charles A. III 12,000 6.6220 12,000 6.6220 79,464
2019-12-10 LMB Bacon Charles A. III 5,000 2.7198 5,000 2.7198 13,599
2019-12-09 LMB Bacon Charles A. III 30,000 2.7554 30,000 2.7554 82,662
2019-12-06 LMB Bacon Charles A. III 30,000 2.7469 30,000 2.7469 82,407

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

LMB / Limbach Holdings, Inc. Insider Trades
Insider Sales LMB / Limbach Holdings, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in LMB / Limbach Holdings, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2019-08-21 LMB Bacon Charles A. III 7,260 4.7500 7,260 4.7500 34,485 215 2.5300 -16,117 -46.74
2018-08-01 LMB Bacon Charles A. III 4,273 11.1700 4,273 11.1700 47,729

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

LMB / Limbach Holdings, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Bacon Charles A. III as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2023-06-26 2023-06-22 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 1,151 474,485 0.24
2023-03-10 2023-03-08 4 LMB Limbach Holdings, Inc.
Common Stock 		F - Taxes -5,801 473,334 -1.21 13.61 -78,952 6,442,076
2023-03-10 2023-03-08 4 LMB Limbach Holdings, Inc.
Common Stock 		A - Award 23,822 479,135 5.23
2023-01-04 2023-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		F - Taxes -7,616 455,313 -1.65 10.41 -79,283 4,739,808
2023-01-04 2023-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 8,547 462,929 1.88
2023-01-04 2023-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 3,889 454,382 0.86
2023-01-04 2023-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,834 450,493 1.31
2022-05-31 2022-05-27 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 4,384 444,659 1.00 5.70 24,989 2,534,556
2022-03-28 2022-03-24 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 3,570 440,275 0.82 6.85 24,454 3,015,884
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		A - Award 25,641 89,253 40.31
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -3,889 63,612 -5.76
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 67,501 -7.95
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -11,667 73,334 -13.73
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		F - Taxes -8,811 436,705 -1.98 9.00 -79,299 3,930,345
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 3,889 445,516 0.88
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,833 441,627 1.34
2022-01-04 2022-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 11,667 435,794 2.75
2021-12-10 2021-12-08 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 3,246 433,416 0.75 7.65 24,838 3,316,413
2021-04-01 2021-03-31 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 3,000 430,170 0.70 10.34 31,020 4,447,958
2021-04-01 2021-03-31 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 909 427,170 0.21 9.89 8,990 4,224,711
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		A - Award 11,667 85,001 15.91
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 73,334 -7.37
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -11,667 79,167 -12.84
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,834 90,834 -6.04
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,833 426,261 1.39
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 11,667 420,428 2.85
2021-01-05 2021-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,834 408,761 1.45
2020-09-30 2020-09-29 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 5,263 402,927 1.32 9.40 49,447 3,785,620
2020-09-04 2020-09-03 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 12,000 397,664 3.11 6.62 79,464 2,633,331
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		A - Award 17,500 96,668 22.10
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -11,666 79,168 -12.84
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 90,834 -6.03
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,834 96,667 -5.69
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 11,666 385,664 3.12
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,833 373,998 1.58
2020-01-03 2020-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,834 368,165 1.61
2019-12-12 2019-12-10 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 5,000 362,331 1.40 2.72 13,599 985,468
2019-12-10 2019-12-09 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 30,000 357,331 9.17 2.76 82,662 984,590
2019-12-10 2019-12-06 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase 30,000 327,331 10.09 2.75 82,407 899,146
2019-12-10 2019-08-21 4 LMB Limbach Holdings, Inc.
Common Stock 		S - Sale -7,260 297,331 -2.38 4.75 -34,485 1,412,322
2019-08-05 2019-08-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -16,666 102,501 -13.99
2019-08-05 2019-08-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 16,666 304,591 5.79
2019-03-01 2019-02-27 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		A - Award 35,000 119,167 41.58
2019-03-01 2018-01-01 4/A LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 95,000 -5.78
2019-02-13 2019-02-12 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase X 7,390 287,925 2.63 5.75 42,492 1,655,569
2019-02-13 2019-02-11 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase X 7,000 280,535 2.56 5.59 39,130 1,568,191
2019-02-11 2019-02-08 4 LMB Limbach Holdings, Inc.
Common Stock 		P - Purchase X 10,610 273,535 4.04 5.78 61,326 1,581,032
2019-01-03 2019-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 55,000 -9.59
2019-01-03 2019-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 55,000 -9.59
2019-01-03 2019-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,833 262,925 2.27
2019-01-03 2019-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,833 262,925 2.27
2018-09-21 2018-04-13 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		A - Award 17,500 17,500
2018-08-03 2018-08-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -16,667 66,666 -20.00
2018-08-03 2018-08-01 4 LMB Limbach Holdings, Inc.
Common Stock 		S - Sale -4,273 251,259 -1.67 11.17 -47,729 2,806,563
2018-08-03 2018-08-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 16,667 255,532 6.98
2018-06-01 2018-03-01 4 LMB Limbach Holdings, Inc.
Common Stock 		F - Taxes -1,612 238,865 -0.67 11.84 -19,086 2,828,162
2018-06-01 2018-01-01 4 LMB Limbach Holdings, Inc.
Restricted Stock Units 		M - Exercise -5,833 11,667 -33.33
2018-06-01 2018-01-01 4 LMB Limbach Holdings, Inc.
Common Stock 		M - Exercise 5,833 240,477 2.49
2016-07-22 2016-07-20 4 LMB Limbach Holdings, Inc.
Warrant to Purchase Common Stock 		A - Award 99,207 99,207
2016-07-22 2016-07-20 4 LMB Limbach Holdings, Inc.
Warrant to Purchase Common Stock 		A - Award 66,138 66,138
2016-07-22 2016-07-20 4 LMB Limbach Holdings, Inc.
Common Stock 		A - Award 217,977 217,977
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)