Joseph R Dively - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Joseph R Dively. 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 Joseph R Dively 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 Joseph R Dively. 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 FMBH / First Mid Bancshares, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FMBH / First Mid Bancshares, 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 (%)
2017-06-01	FMBH	Dively Joseph R	140	33.4890	140	33.4890	4,688	181	41.8200	1,167	24.89
2017-05-31	FMBH	Dively Joseph R	294	32.7400	294	32.7400	9,626
2017-05-02	FMBH	Dively Joseph R	66	33.0600	66	33.0600	2,182
2016-11-15	FMBH	Dively Joseph R	394	26.1500	394	26.1500	10,308
2016-09-12	FMBH	Dively Joseph R	736	25.2000	736	25.2000	18,541
2016-05-12	FMBH	Dively Joseph R	329	25.1100	329	25.1100	8,253
2016-03-09	FMBH	Dively Joseph R	1,591	25.6134	1,591	25.6134	40,752
2015-11-13	FMBH	Dively Joseph R	540	22.0000	540	22.0000	11,884
2015-08-27	FMBH	Dively Joseph R	640	21.6600	640	21.6600	13,857
2015-05-20	FMBH	Dively Joseph R	579	20.5000	579	20.5000	11,878
2015-03-05	FMBH	Dively Joseph R	1,998	19.7700	1,998	19.7700	39,509
2015-03-05	FMBH	Dively Joseph R	747	19.8200	747	19.8200	14,801
2014-11-19	FMBH	Dively Joseph R	633	21.0500	633	21.0500	13,328
2014-08-18	FMBH	Dively Joseph R	586	19.5000	586	19.5000	11,424
2014-05-20	FMBH	Dively Joseph R	519	22.0000	519	22.0000	11,421
2014-02-27	FMBH	Dively Joseph R	4,308	22.0000	4,308	22.0000	94,773
2013-11-06	FMBH	Dively Joseph R	508	21.8100	508	21.8100	11,077
2013-08-15	FMBH	Dively Joseph R	615	21.0000	615	21.0000	12,921
2013-05-09	FMBH	Dively Joseph R	323	22.8600	323	22.8600	7,389
2013-03-15	FMBH	Dively Joseph R	4,060	21.9000	4,060	21.9000	88,922
2012-11-15	FMBH	Dively Joseph R	646	24.5000	646	24.5000	15,821
2012-08-09	FMBH	Dively Joseph R	330	22.2700	330	22.2700	7,358
2012-05-11	FMBH	Dively Joseph R	317	22.5000	317	22.5000	7,128
2012-03-13	FMBH	Dively Joseph R	464	19.0000	464	19.0000	8,807

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

Insider Sales FMBH / First Mid Bancshares, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FMBH / First Mid Bancshares, 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 (%)
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 Trading History

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