Greystone Housing Impact Investors LP
US ˙ NYSE

Introduction

This page provides a comprehensive analysis of the known insider trading history of Patrick J Jung. 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 Patrick J Jung has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:WERN / Werner Enterprises, Inc. Director 14,144
US:ATAX / America First Multifamily Investors LP - Unit Director 29,453
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Patrick J Jung. 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 GHI / Greystone Housing Impact Investors LP - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GHI / Greystone Housing Impact Investors LP. 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 (%)
2017-12-18 ATAX JUNG PATRICK J 200 6.0000 101 11.9344 1,200 140 19.1501 715 59.58
2017-12-01 ATAX JUNG PATRICK J 400 6.0800 201 12.0935 2,432
2016-09-19 ATAX JUNG PATRICK J 2,500 5.9700 1,257 11.8747 14,925
2016-08-24 ATAX JUNG PATRICK J 2,500 5.7200 1,257 11.3774 14,300
2016-03-21 ATAX JUNG PATRICK J 2,500 5.2500 1,257 10.4426 13,125
2016-03-18 ATAX JUNG PATRICK J 300 5.2200 151 10.3829 1,566
2015-08-12 ATAX JUNG PATRICK J 5,000 5.3800 2,514 10.7011 26,900
2014-12-11 ATAX JUNG PATRICK J 5,000 5.2500 2,514 10.4426 26,250
2014-09-08 ATAX JUNG PATRICK J 4,000 6.0400 2,011 12.0139 24,160
2014-03-18 ATAX JUNG PATRICK J 800 6.0300 402 11.9940 4,824
2013-12-06 ATAX JUNG PATRICK J 600 6.3500 302 12.6305 3,810
2013-12-03 ATAX JUNG PATRICK J 1,200 6.5000 603 12.9289 7,800
2013-12-02 ATAX JUNG PATRICK J 200 6.5300 101 12.9886 1,306
2013-12-02 ATAX JUNG PATRICK J 200 6.5299 101 12.9884 1,306

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

GHI / Greystone Housing Impact Investors LP Insider Trades
Insider Sales GHI / Greystone Housing Impact Investors LP - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GHI / Greystone Housing Impact Investors LP. 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.

GHI / Greystone Housing Impact Investors LP Insider Trades
Insider Purchases WERN / Werner Enterprises, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GHI / Greystone Housing Impact Investors LP. 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.

WERN / Werner Enterprises, Inc. Insider Trades
Insider Sales WERN / Werner Enterprises, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GHI / Greystone Housing Impact Investors LP. 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.

WERN / Werner Enterprises, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Patrick J Jung 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
2020-05-14 2020-05-12 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,941 14,144 15.91
2019-09-05 2019-09-04 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 7,391 29,453 33.50
2019-05-16 2019-05-14 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,830 12,203 17.64
2018-05-25 2018-05-24 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 1,676 22,062 8.22
2018-05-10 2018-05-08 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,439 10,373 16.11
2018-03-22 2018-03-20 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 5,715 20,386 38.95
2017-12-19 2017-12-18 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 200 30,000 0.67 6.00 1,200 180,000
2017-12-04 2017-12-01 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 400 14,671 2.80 6.08 2,432 89,200
2017-05-24 2017-05-24 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 2,870 14,271 25.17
2017-05-11 2017-05-09 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,934 8,934 27.63
2017-03-23 2017-03-21 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 4,521 11,401 65.71
2016-11-30 2016-11-28 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,000 7,000 16.67
2016-11-21 2016-11-17 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 843 6,880 13.96
2016-09-28 2016-09-26 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		A - Award 6,037 6,037
2016-09-20 2016-09-19 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 2,500 29,800 9.16 5.97 14,925 177,906
2016-08-26 2016-08-24 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 2,500 27,300 10.08 5.72 14,300 156,156
2016-03-21 2016-03-21 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 2,500 24,800 11.21 5.25 13,125 130,200
2016-03-21 2016-03-18 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 300 22,300 1.36 5.22 1,566 116,406
2015-12-01 2015-11-30 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,000 6,000 20.00
2015-08-13 2015-08-12 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 5,000 22,000 29.41 5.38 26,900 118,360
2014-12-12 2014-12-11 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 5,000 17,000 41.67 5.25 26,250 89,250
2014-12-03 2014-12-01 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,000 5,000 25.00
2014-09-09 2014-09-08 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 4,000 12,000 50.00 6.04 24,160 72,480
2014-03-20 2014-03-18 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 800 8,000 11.11 6.03 4,824 48,240
2013-12-06 2013-12-06 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 600 7,200 9.09 6.35 3,810 45,720
2013-12-04 2013-12-03 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 1,200 6,600 22.22 6.50 7,800 42,900
2013-12-04 2013-12-02 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 200 5,400 3.85 6.53 1,306 35,261
2013-12-04 2013-12-02 4 ATAX AMERICA FIRST MULTIFAMILY INVESTORS, L.P.
Beneficial Unit Certificates 		P - Purchase 200 5,200 4.00 6.53 1,306 33,956
2013-12-03 2013-12-02 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,000 4,000 33.33
2012-11-30 2012-11-29 4 WERN WERNER ENTERPRISES INC
Common Stock 		A - Award 1,000 3,000 50.00
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)