Michael D Dowling - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael D Dowling. 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 Michael D Dowling 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 Michael D Dowling. 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 SFST / Southern First Bancshares, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in SFST / Southern First 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 (%)
2013-03-21	SFST	Dowling Michael D	300	11.0900	300	11.0900	3,327	236	13.9800	867	26.06

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

Insider Sales SFST / Southern First 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 SFST / Southern First 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 (%)
2021-11-05	SFST	Dowling Michael D	500	57.5477	500	57.5477	28,774	341	41.4600	-8,043	-27.95
2021-11-05	SFST	Dowling Michael D	1,500	57.4000	1,500	57.4000	86,100
2021-02-26	SFST	Dowling Michael D	1,000	45.0000	1,000	45.0000	45,000
2021-02-26	SFST	Dowling Michael D	2,000	45.0100	2,000	45.0100	90,020
2020-12-09	SFST	Dowling Michael D	2,500	35.0000	2,500	35.0000	87,500
2020-12-09	SFST	Dowling Michael D	500	35.2000	500	35.2000	17,600
2019-08-29	SFST	Dowling Michael D	2,357	38.0000	2,357	38.0000	89,566
2018-05-10	SFST	Dowling Michael D	1,875	47.0000	1,875	47.0000	88,125
2018-05-10	SFST	Dowling Michael D	200	47.1500	200	47.1500	9,430
2018-05-10	SFST	Dowling Michael D	425	47.1000	425	47.1000	20,018
2018-05-10	SFST	Dowling Michael D	500	47.1040	500	47.1040	23,552
2018-03-05	SFST	Dowling Michael D	1,200	44.4000	1,200	44.4000	53,280
2018-03-05	SFST	Dowling Michael D	500	43.9000	500	43.9000	21,950
2018-02-27	SFST	Dowling Michael D	500	43.5000	500	43.5000	21,750
2017-11-30	SFST	Dowling Michael D	2,500	42.2500	2,500	42.2500	105,625
2017-11-30	SFST	Dowling Michael D	500	42.3030	500	42.3030	21,152
2017-11-30	SFST	Dowling Michael D	500	42.4010	500	42.4010	21,200
2017-11-30	SFST	Dowling Michael D	500	42.3520	500	42.3520	21,176
2017-08-17	SFST	Dowling Michael D	750	36.0000	750	36.0000	27,000
2017-08-16	SFST	Dowling Michael D	1,250	36.0000	1,250	36.0000	45,000
2017-08-15	SFST	Dowling Michael D	500	36.0140	500	36.0140	18,007
2017-08-15	SFST	Dowling Michael D	3,100	36.0000	3,100	36.0000	111,600
2017-08-14	SFST	Dowling Michael D	1,000	36.0000	1,000	36.0000	36,000
2017-08-10	SFST	Dowling Michael D	2,000	36.2500	2,000	36.2500	72,500
2017-08-10	SFST	Dowling Michael D	1,000	36.1800	1,000	36.1800	36,180
2017-08-10	SFST	Dowling Michael D	500	36.0700	500	36.0700	18,035
2017-08-08	SFST	Dowling Michael D	1,000	37.0000	1,000	37.0000	37,000
2016-12-21	SFST	Dowling Michael D	1,000	36.1700	1,000	36.1700	36,170
2016-11-23	sfst	Dowling Michael D	500	31.9500	500	31.9500	15,975
2016-11-22	sfst	Dowling Michael D	1,000	31.5500	1,000	31.5500	31,550
2016-11-22	sfst	Dowling Michael D	500	31.8500	500	31.8500	15,925
2016-11-21	sfst	Dowling Michael D	500	31.1000	500	31.1000	15,550
2016-08-17	SFST	Dowling Michael D	550	26.7500	550	26.7500	14,712
2016-08-16	SFST	Dowling Michael D	479	26.8300	479	26.8300	12,852
2016-08-12	SFST	Dowling Michael D	21	27.2500	21	27.2500	572
2016-03-02	SFST	Dowling Michael D	2,000	23.0000	2,000	23.0000	46,000
2015-12-21	SFST	Dowling Michael D	1,400	22.0000	1,400	22.0000	30,800
2015-12-18	SFST	Dowling Michael D	1,000	22.0000	1,000	22.0000	22,000

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 Michael D Dowling as disclosed to the Securities Exchange Commission (SEC).