Kenneth R Biederman - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Kenneth R Biederman. 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 Kenneth R Biederman 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 Kenneth R Biederman. 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 ARTNA / Artesian Resources Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ARTNA / Artesian Resources Corporation. 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 (%)
There are no known unplanned open-market trades for this insider and security combination

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

Insider Sales ARTNA / Artesian Resources Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ARTNA / Artesian Resources Corporation. 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 (%)
2022-11-17	ARTNA	BIEDERMAN KENNETH R	3,396	53.0826	3,396	53.0826	180,269	340	39.2700	-46,907	-26.02
2022-09-16	ARTNA	BIEDERMAN KENNETH R	3,354	57.6679	3,354	57.6679	193,418
2022-03-14	ARTNA	BIEDERMAN KENNETH R	6,750	47.7987	6,750	47.7987	322,641
2020-12-17	ARTNA	BIEDERMAN KENNETH R	2,391	38.7039	2,391	38.7039	92,541
2020-12-11	ARTNA	BIEDERMAN KENNETH R	984	39.5564	984	39.5564	38,923
2020-12-09	ARTNA	BIEDERMAN KENNETH R	3,375	38.7828	3,375	38.7828	130,892
2020-05-28	ARTNA	BIEDERMAN KENNETH R	3,375	35.1411	3,375	35.1411	118,601
2020-05-11	ARTNA	BIEDERMAN KENNETH R	3,375	35.5504	3,375	35.5504	119,983
2019-05-17	ARTNA	BIEDERMAN KENNETH R	1,000	35.9860	1,000	35.9860	35,986
2019-03-20	ARTNA	BIEDERMAN KENNETH R	2,073	38.4546	2,073	38.4546	79,716
2019-03-18	ARTNA	BIEDERMAN KENNETH R	4,677	39.3689	4,677	39.3689	184,128
2018-08-14	ARTNA	BIEDERMAN KENNETH R	1,000	37.0000	1,000	37.0000	37,000
2018-03-19	ARTNA	BIEDERMAN KENNETH R	6,750	36.7799	6,750	36.7799	248,264
2017-11-15	ARTNA	BIEDERMAN KENNETH R	2,000	39.0461	2,000	39.0461	78,092
2017-05-10	ARTNA	BIEDERMAN KENNETH R	1,000	36.0000	1,000	36.0000	36,000
2017-03-15	ARTNA	BIEDERMAN KENNETH R	1,750	33.4813	1,750	33.4813	58,592
2017-03-13	ARTNA	BIEDERMAN KENNETH R	3,000	31.6085	3,000	31.6085	94,826
2016-12-19	ARTNA	BIEDERMAN KENNETH R	1,000	32.0300	1,000	32.0300	32,030
2016-05-09	ARTNA	BIEDERMAN KENNETH R	6,750	27.9442	6,750	27.9442	188,623
2015-11-20	ARTNA	BIEDERMAN KENNETH R	3,375	25.2500	3,375	25.2500	85,219
2015-11-11	ARTNA	BIEDERMAN KENNETH R	3,375	25.0000	3,375	25.0000	84,375
2015-09-17	ARTNA	BIEDERMAN KENNETH R	5,625	22.2000	5,625	22.2000	124,875
2015-08-27	ARTNA	BIEDERMAN KENNETH R	5,625	22.0400	5,625	22.0400	123,975
2014-03-18	ARTNA	BIEDERMAN KENNETH R	6,248	22.1011	6,248	22.1011	138,088
2014-03-17	ARTNA	BIEDERMAN KENNETH R	502	22.3500	502	22.3500	11,220
2013-03-18	ARTNA	BIEDERMAN KENNETH R	6,429	22.0029	6,429	22.0029	141,457
2013-03-18	ARTNA	BIEDERMAN KENNETH R	321	22.2000	321	22.2000	7,126
2012-03-16	ARTNA	BIEDERMAN KENNETH R	1,750	19.2000	1,750	19.2000	33,600

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 Kenneth R Biederman as disclosed to the Securities Exchange Commission (SEC).