Daniel Bernstein - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Daniel Bernstein. 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

Companies with Reported Insider Positions

The SEC filings indicate Daniel Bernstein has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Daniel Bernstein. 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 BELFA / Bel Fuse Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BELFA / Bel Fuse 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 (%)
2020-06-12	BELFB	BERNSTEIN DANIEL	55,074	9.6900	55,074	9.6900	533,667	273	22.91	728,078	136.43
2020-03-16	BELFB	BERNSTEIN DANIEL	1,672	7.9400	1,672	7.9400	13,276
2020-03-12	BELFB	BERNSTEIN DANIEL	9,462	7.7912	9,462	7.7912	73,720
2020-03-11	BELFB	BERNSTEIN DANIEL	4,300	8.2379	4,300	8.2379	35,423
2020-03-05	BELFB	BERNSTEIN DANIEL	5,040	9.9900	5,040	9.9900	50,350
2020-03-03	BELFB	BERNSTEIN DANIEL	2,700	9.9700	2,700	9.9700	26,919
2020-02-28	BELFB	BERNSTEIN DANIEL	1,300	9.8135	1,300	9.8135	12,758
2012-06-22	BELFB	BERNSTEIN DANIEL	168,775	17.0500	168,775	17.0500	2,877,614

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

Insider Sales BELFA / Bel Fuse Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BELFA / Bel Fuse 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 (%)
2025-04-30	BELFB	BERNSTEIN DANIEL	6,652	65.8200	6,652	65.8200	437,835	0	65.7700	-332	-0.08
2023-12-04	BELFB	BERNSTEIN DANIEL	3,000	56.0500	3,000	56.0500	168,150
2023-09-01	BELFB	BERNSTEIN DANIEL	14,000	52.0000	14,000	52.0000	728,000
2022-11-16	BELFB	BERNSTEIN DANIEL	2,952	36.1209	2,952	36.1209	106,629
2022-11-16	BELFB	BERNSTEIN DANIEL	48	36.8700	48	36.8700	1,770
2021-11-16	BELFB	BERNSTEIN DANIEL	3,000	14.0300	3,000	14.0300	42,090
2020-11-17	BELFB	BERNSTEIN DANIEL	3,000	14.2900	3,000	14.2900	42,870
2020-06-12	BELFB	BERNSTEIN DANIEL	55,939	9.5400	55,939	9.5400	533,658
2018-11-07	BELFB	BERNSTEIN DANIEL	3,000	24.8333	3,000	24.8333	74,500
2017-11-09	BELFB	BERNSTEIN DANIEL	3,000	24.6149	3,000	24.6149	73,845
2016-11-07	BELFB	BERNSTEIN DANIEL	3,000	25.5634	3,000	25.5634	76,690
2015-11-05	BELFB	BERNSTEIN DANIEL	3,000	18.9670	3,000	18.9670	56,901
2014-11-03	BELFB	BERNSTEIN DANIEL	2,500	28.0300	2,500	28.0300	70,075
2013-11-04	BELFB	BERNSTEIN DANIEL	2,500	21.1180	2,500	21.1180	52,795
2012-11-09	BELFB	BERNSTEIN DANIEL	2,500	15.9000	2,500	15.9000	39,750
2012-06-22	BELFB	BERNSTEIN DANIEL	171,185	16.8100	171,185	16.8100	2,877,620

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

Insider Trading History

This table shows the complete list of insider trades made by Daniel Bernstein as disclosed to the Securities Exchange Commission (SEC).