Gladstone Investment Corporation - Corporate Bond/Note
US ˙ NasdaqGS ˙ US3765468836

Introduction

This page provides a comprehensive analysis of the known insider trading history of David A R Dullum. 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

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate David A R Dullum has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:GAIN / Gladstone Investment Corporation President 0
US:GLAD / Gladstone Capital Corporation Director 10,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by David A R Dullum. 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 GAINZ / Gladstone Investment Corporation - Corporate Bond/Note - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GAINZ / Gladstone Investment Corporation - Corporate Bond/Note. 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 (%)
2023-08-07 GAIN DULLUM DAVID A R 5,000 13.3931 5,000 13.3931 66,966 154 14.9600 7,835 11.70
2023-03-14 GAIN DULLUM DAVID A R 3,000 12.8400 3,000 12.8400 38,520
2022-12-16 GAIN DULLUM DAVID A R 3,000 13.0606 3,000 13.0606 39,182
2022-06-14 GAIN DULLUM DAVID A R 4,000 12.7488 4,000 12.7488 50,995
2022-02-24 GAIN DULLUM DAVID A R 3,000 14.4600 3,000 14.4600 43,380
2022-02-24 GAIN DULLUM DAVID A R 2,500 14.6900 2,500 14.6900 36,725
2021-12-03 GAIN DULLUM DAVID A R 3,000 16.5400 3,000 16.5400 49,620
2020-03-23 GAIN DULLUM DAVID A R 2,500 6.8000 2,500 6.8000 17,000
2020-03-18 GAIN DULLUM DAVID A R 8,000 7.2000 8,000 7.2000 57,600
2020-03-12 GAIN DULLUM DAVID A R 5,000 8.9900 5,000 8.9900 44,950
2020-03-11 GAIN DULLUM DAVID A R 10,000 10.4900 10,000 10.4900 104,900
2020-03-02 GAIN DULLUM DAVID A R 3,300 11.8600 3,300 11.8600 39,138
2019-09-13 GAIN DULLUM DAVID A R 2,400 12.4400 2,400 12.4400 29,856
2019-06-04 GAIN DULLUM DAVID A R 2,000 11.1000 2,000 11.1000 22,200
2018-12-12 GAIN DULLUM DAVID A R 1,400 9.9000 1,400 9.9000 13,860
2018-11-08 GAIN DULLUM DAVID A R 5,600 9.9400 5,600 9.9400 55,664
2018-03-05 GAIN DULLUM DAVID A R 5,000 9.5600 5,000 9.5600 47,800
2017-03-13 GAIN DULLUM DAVID A R 5,000 8.7686 5,000 8.7686 43,843
2017-03-09 GAIN DULLUM DAVID A R 3,100 8.4900 3,100 8.4900 26,319
2017-03-09 GAIN DULLUM DAVID A R 900 8.5000 900 8.5000 7,650
2016-11-07 GAIN DULLUM DAVID A R 4,000 7.6500 4,000 7.6500 30,600
2016-02-08 GAIN DULLUM DAVID A R 5,000 6.6900 5,000 6.6900 33,450
2014-12-09 GAIN DULLUM DAVID A R 5,000 7.0000 5,000 7.0000 35,000
2014-12-08 GAIN DULLUM DAVID A R 700 7.0900 700 7.0900 4,963
2014-03-14 GAIN DULLUM DAVID A R 15,000 8.3000 15,000 8.3000 124,500
2013-11-14 GAIN DULLUM DAVID A R 1,000 7.3100 1,000 7.3100 7,310
2013-11-13 GAIN DULLUM DAVID A R 100 7.3000 100 7.3000 730
2013-11-13 GAIN DULLUM DAVID A R 6,700 7.3296 6,700 7.3296 49,108

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

GAINZ / Gladstone Investment Corporation - Corporate Bond/Note Insider Trades
Insider Sales GAINZ / Gladstone Investment Corporation - Corporate Bond/Note - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GAINZ / Gladstone Investment Corporation - Corporate Bond/Note. 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.

GAINZ / Gladstone Investment Corporation - Corporate Bond/Note Insider Trades
Insider Purchases GLAD / Gladstone Capital Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GAINZ / Gladstone Investment Corporation - Corporate Bond/Note. 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.

GLAD / Gladstone Capital Corporation Insider Trades
Insider Sales GLAD / Gladstone Capital Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GAINZ / Gladstone Investment Corporation - Corporate Bond/Note. 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.

GLAD / Gladstone Capital Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by David A R Dullum 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
2024-10-11 2024-10-10 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		G - Gift -3,000 0 -100.00
2023-08-08 2023-08-07 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,000 149,916 3.45 13.39 66,966 2,007,840
2023-03-15 2023-03-14 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 3,000 144,916 2.11 12.84 38,520 1,860,721
2022-12-16 2022-12-16 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 3,000 141,916 2.16 13.06 39,182 1,853,508
2022-06-15 2022-06-14 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 4,000 138,916 2.96 12.75 50,995 1,771,012
2022-02-24 2022-02-24 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 2,500 134,916 1.89 14.69 36,725 1,981,916
2022-02-24 2022-02-24 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 3,000 132,416 2.32 14.46 43,380 1,914,735
2021-12-06 2021-12-03 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 3,000 129,416 2.37 16.54 49,620 2,140,541
2020-03-24 2020-03-23 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 2,500 126,416 2.02 6.80 17,000 859,629
2020-03-19 2020-03-18 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 8,000 123,916 6.90 7.20 57,600 892,195
2020-03-16 2020-03-12 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,000 115,916 4.51 8.99 44,950 1,042,085
2020-03-13 2020-03-11 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 10,000 110,916 9.91 10.49 104,900 1,163,509
2020-03-03 2020-03-02 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 3,300 100,916 3.38 11.86 39,138 1,196,864
2019-09-16 2019-09-13 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 2,400 97,616 2.52 12.44 29,856 1,214,343
2019-06-06 2019-06-04 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 2,000 95,216 2.15 11.10 22,200 1,056,898
2018-12-12 2018-12-12 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 1,400 93,216 1.52 9.90 13,860 922,838
2018-11-13 2018-11-08 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,600 91,816 6.50 9.94 55,664 912,651
2018-03-06 2018-03-05 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,000 86,216 6.16 9.56 47,800 824,225
2017-03-13 2017-03-13 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,000 81,216 6.56 8.77 43,843 712,151
2017-03-13 2017-03-09 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 900 76,216 1.19 8.50 7,650 647,836
2017-03-13 2017-03-09 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 3,100 75,316 4.29 8.49 26,319 639,433
2016-11-08 2016-11-07 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 4,000 73,565 5.75 7.65 30,600 562,772
2016-02-09 2016-02-08 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,000 69,565 7.74 6.69 33,450 465,390
2014-12-10 2014-12-09 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 5,000 64,565 8.39 7.00 35,000 451,955
2014-12-10 2014-12-08 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 700 59,565 1.19 7.09 4,963 422,316
2014-03-18 2014-03-14 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 15,000 58,865 34.20 8.30 124,500 488,580
2013-11-15 2013-11-14 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 1,000 42,516 2.41 7.31 7,310 310,792
2013-11-15 2013-11-13 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 6,700 41,516 19.24 7.33 49,108 304,296
2013-11-15 2013-11-13 4 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		P - Purchase 100 34,816 0.29 7.30 730 254,157
2005-06-22 3 GAIN GLADSTONE INVESTMENT CORPORATION\DE
Common Stock 		0
2005-02-11 2005-02-09 4 GLAD GLADSTONE CAPITAL CORP
Stock Option 		A - Award 10,000 10,000 24.39 243,900 243,900
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)