Scott T Fleming - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Scott T Fleming. 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 Scott T Fleming 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 Scott T Fleming. 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 FPF / First Trust Intermediate Duration Preferred & Income Fund - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FPF / First Trust Intermediate Duration Preferred & Income Fund. 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 (%)
2023-12-14	FPF	FLEMING SCOTT T	15,000	16.4666	15,000	16.4666	246,999	291	19.5300	45,951	18.60
2023-11-21	FPF	FLEMING SCOTT T	17,500	17.5555	17,500	17.5555	307,221
2022-10-05	FPF	FLEMING SCOTT T	7,500	16.4836	7,500	16.4836	123,627
2022-09-15	FPF	FLEMING SCOTT T	7,500	18.0500	7,500	18.0500	135,375
2020-03-23	FPF	FLEMING SCOTT T	7,500	13.1500	7,500	13.1500	98,625
2020-03-12	FPF	FLEMING SCOTT T	2,500	19.1250	2,500	19.1250	47,812
2018-12-17	FPF	FLEMING SCOTT T	2,500	18.7365	2,500	18.7365	46,841
2018-12-13	FPF	FLEMING SCOTT T	2,500	19.5199	2,500	19.5199	48,800
2018-06-08	FPF	FLEMING SCOTT T	5,000	21.8750	5,000	21.8750	109,375
2016-11-10	FPF	FLEMING SCOTT T	225	21.4750	225	21.4750	4,832
2016-09-22	FPF	FLEMING SCOTT T	225	23.1930	225	23.1930	5,218
2015-12-03	FPF	FLEMING SCOTT T	5,000	21.6800	5,000	21.6800	108,400
2015-03-11	FPF	FLEMING SCOTT T	3,300	22.4376	3,300	22.4376	74,044
2015-03-11	FPF	FLEMING SCOTT T	1,700	22.4392	1,700	22.4392	38,147
2014-10-15	FPF	FLEMING SCOTT T	17	21.2350	17	21.2350	361
2014-10-15	FPF	FLEMING SCOTT T	400	21.2399	400	21.2399	8,496
2014-10-15	FPF	FLEMING SCOTT T	2,083	21.2400	2,083	21.2400	44,243
2014-09-23	FPF	FLEMING SCOTT T	2,500	21.6200	2,500	21.6200	54,050

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

Insider Sales FPF / First Trust Intermediate Duration Preferred & Income Fund - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FPF / First Trust Intermediate Duration Preferred & Income Fund. 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 Scott T Fleming as disclosed to the Securities Exchange Commission (SEC).