Steven M Klein - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven M Klein. 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 Steven M Klein 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 Steven M Klein. 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 MSEX / Middlesex Water Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in MSEX / Middlesex Water Company. 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.

Insider Sales MSEX / Middlesex Water Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in MSEX / Middlesex Water Company. 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 Purchases NFBK / Northfield Bancorp, Inc. (Staten Island, NY) - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in MSEX / Middlesex Water Company. 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 (%)
2024-06-11	NFBK	Klein Steven M	11,061	7.5600	11,061	7.5600	83,621	153	14.1000	72,339	86.51
2022-03-10	NFBK	Klein Steven M	3,751	14.8759	3,751	14.8759	55,800
2020-09-18	NFBK	Klein Steven M	7,500	9.8000	7,500	9.8000	73,500
2020-05-06	NFBK	Klein Steven M	10,000	10.6500	10,000	10.6500	106,500
2020-05-01	NFBK	Klein Steven M	9,000	10.9997	9,000	10.9997	98,997

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

Insider Sales NFBK / Northfield Bancorp, Inc. (Staten Island, NY) - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in MSEX / Middlesex Water Company. 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 (%)
2023-02-21	NFBK	Klein Steven M	486	14.6672	486	14.6672	7,128	248	8.4400	-3,026	-42.45
2023-02-01	NFBK	Klein Steven M	2,158	14.5455	2,158	14.5455	31,389
2019-06-13	NFBK	Klein Steven M	13,626	15.1779	13,626	15.1779	206,814
2019-05-28	NFBK	Klein Steven M	4,406	15.0946	4,406	15.0946	66,507
2018-06-05	NFBK	Klein Steven M	10,000	16.5561	10,000	16.5561	165,561
2018-05-29	NFBK	Klein Steven M	4,899	16.0957	4,899	16.0957	78,853
2018-05-04	NFBK	Klein Steven M	19,253	16.1031	19,253	16.1031	310,033
2018-04-30	NFBK	Klein Steven M	10,747	16.0214	10,747	16.0214	172,182
2018-01-29	NFBK	Klein Steven M	7,500	17.0600	7,500	17.0600	127,950
2017-05-03	NFBK	Klein Steven M	25,000	18.1200	25,000	18.1200	453,000

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 Steven M Klein as disclosed to the Securities Exchange Commission (SEC).