Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven M Jones. 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 Steven M Jones has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CACC / Credit Acceptance Corporation President 30,674
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Steven M Jones. 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 Trading History

This table shows the complete list of insider trades made by Steven M Jones 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
2018-01-31 2018-01-29 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		F - Taxes -91 30,674 -0.30 372.75 -33,920 11,433,734
2018-01-31 2018-01-29 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 2,500 30,765 8.84
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -400 28,265 -1.40 218.33 -87,332 6,171,097
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -100 28,665 -0.35 217.25 -21,725 6,227,471
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -21,156 28,765 -42.38 216.14 -4,572,658 6,217,267
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -7,002 49,921 -12.30 215.61 -1,509,701 10,763,467
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -8,800 56,923 -13.39 214.02 -1,883,376 12,182,660
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -7,523 65,723 -10.27 212.90 -1,601,647 13,992,427
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -16,019 73,246 -17.95 212.10 -3,397,630 15,535,477
2017-05-05 2017-05-03 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -4,000 89,265 -4.29 211.41 -845,640 18,871,514
2017-02-01 2017-01-30 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 2,800 93,265 3.10
2016-02-24 2016-02-22 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		F - Taxes -65,025 90,465 -41.82 194.79 -12,666,220 17,621,677
2016-02-02 2016-01-29 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 2,800 155,490 1.83
2015-01-30 2015-01-28 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		F - Taxes -110 152,690 -0.07
2015-01-30 2015-01-28 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 2,800 152,800 1.87
2014-01-31 2014-01-29 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 30,000 150,000 25.00
2013-02-01 2013-01-30 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 30,000 120,000 33.33
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -1,000 90,000 -1.10 106.52 -106,520 9,586,800
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -100 91,000 -0.11 106.43 -10,643 9,685,130
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -433 91,100 -0.47 106.42 -46,080 9,694,862
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -15 91,533 -0.02 105.35 -1,580 9,643,002
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -81 91,548 -0.09 105.33 -8,532 9,642,751
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -4 91,629 0.00 105.31 -421 9,649,450
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -98 91,633 -0.11 105.29 -10,318 9,648,039
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -15 91,731 -0.02 105.25 -1,579 9,654,688
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -1 91,746 0.00 105.23 -105 9,654,432
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -1 91,747 0.00 105.20 -105 9,651,784
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -2 91,748 0.00 105.19 -210 9,650,972
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -385 91,750 -0.42 105.17 -40,490 9,649,348
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -2,100 92,135 -2.23 105.16 -220,836 9,688,917
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -13 94,235 -0.01 105.14 -1,367 9,907,868
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -14 94,248 -0.01 105.08 -1,471 9,903,580
2012-03-27 2012-03-26 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -1,271 94,262 -1.33 105.00 -133,455 9,897,510
2012-02-21 2012-02-17 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		F - Taxes -3,798 95,533 -3.82 95.30 -361,949 9,104,295
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -149 99,331 -0.15 91.45 -13,626 9,083,820
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -451 99,480 -0.45 91.44 -41,239 9,096,451
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -100 99,931 -0.10 91.14 -9,114 9,107,711
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -200 100,031 -0.20 91.13 -18,226 9,115,925
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -100 100,231 -0.10 91.13 -9,113 9,134,051
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -100 100,331 -0.10 91.12 -9,112 9,142,161
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -500 100,431 -0.50 91.02 -45,510 9,141,230
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -200 100,931 -0.20 91.01 -18,202 9,185,831
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -800 101,131 -0.78 91.01 -72,808 9,203,942
2012-02-07 2012-02-06 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		S - Sale -1,400 101,931 -1.35 91.00 -127,400 9,275,721
2012-02-03 2012-02-01 4 CACC CREDIT ACCEPTANCE CORP
Common Stock 		A - Award 30,000 103,331 40.91
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)