Paul R Lederer - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Paul R Lederer. 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 Paul R Lederer 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 Paul R Lederer. 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 DORM / Dorman Products, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in DORM / Dorman Products, Inc.. 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 DORM / Dorman Products, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in DORM / Dorman Products, Inc.. 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 (%)
2018-08-15	DORM	LEDERER PAUL R	2,325	76.4800	2,325	76.4800	177,816	57	66.6600	-22,832	-12.84
2018-08-15	DORM	LEDERER PAUL R	1,600	76.7700	1,600	76.7700	122,832
2017-08-14	DORM	LEDERER PAUL R	1,800	74.8200	1,800	74.8200	134,676
2017-05-05	DORM	LEDERER PAUL R	2,800	82.7000	2,800	82.7000	231,560
2017-05-05	DORM	LEDERER PAUL R	4,793	82.7000	4,793	82.7000	396,381
2016-11-30	DORM	LEDERER PAUL R	2,000	71.5700	2,000	71.5700	143,140
2016-08-26	DORM	LEDERER PAUL R	500	62.5500	500	62.5500	31,275
2016-05-18	DORM	LEDERER PAUL R	3,750	53.0000	3,750	53.0000	198,750
2015-08-26	DORM	LEDERER PAUL R	4,000	50.0100	4,000	50.0100	200,040
2015-08-20	DORM	LEDERER PAUL R	900	50.3200	900	50.3200	45,288
2015-02-26	DORM	LEDERER PAUL R	1,100	44.7400	1,100	44.7400	49,214
2014-12-03	DORM	LEDERER PAUL R	3,500	51.0000	3,500	51.0000	178,500
2014-12-03	DORM	LEDERER PAUL R	1,500	49.6100	1,500	49.6100	74,415
2014-06-12	DORM	LEDERER PAUL R	1,000	53.5600	1,000	53.5600	53,560
2013-12-13	DORM	LEDERER PAUL R	1,400	54.8600	1,400	54.8600	76,804
2013-08-13	DORM	LEDERER PAUL R	5,600	50.0000	5,600	50.0000	280,000

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

Insider Purchases MMS / Maximus, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in DORM / Dorman Products, Inc.. 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 MMS / Maximus, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in DORM / Dorman Products, Inc.. 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 (%)
2019-02-13	MMS	LEDERER PAUL R	885	70.2710	885	70.2710	62,190	21	68.9800	-1,142	-1.84
2019-02-12	MMS	LEDERER PAUL R	3,505	70.0000	3,505	70.0000	245,350
2019-02-12	MMS	LEDERER PAUL R	2,325	70.0000	2,325	70.0000	162,750
2018-08-14	MMS	LEDERER PAUL R	7,500	64.0500	7,500	64.0500	480,375
2017-08-14	MMS	LEDERER PAUL R	2,200	60.8650	2,200	60.8650	133,903
2017-05-09	MMS	LEDERER PAUL R	8,210	61.8300	8,210	61.8300	507,624
2016-08-26	MMS	LEDERER PAUL R	500	59.1500	500	59.1500	29,575
2016-05-17	MMS	LEDERER PAUL R	6,750	54.7796	6,750	54.7796	369,762
2015-02-26	MMS	LEDERER PAUL R	1,275	59.6547	1,275	59.6547	76,060
2015-02-19	MMS	LEDERER PAUL R	3,060	59.0828	3,060	59.0828	180,793
2015-02-17	MMS	LEDERER PAUL R	7,500	59.0000	7,500	59.0000	442,500
2014-12-03	MMS	LEDERER PAUL R	1,300	53.6106	1,300	53.6106	69,694
2014-11-18	MMS	LEDERER PAUL R	6,250	52.0933	6,250	52.0933	325,583
2014-02-19	MMS	LEDERER PAUL R	1,200	47.1000	1,200	47.1000	56,520
2014-02-19	MMS	LEDERER PAUL R	7,350	47.0000	7,350	47.0000	345,450
2013-12-11	MMS	LEDERER PAUL R	901	43.9400	901	43.9400	39,590
2013-12-11	MMS	LEDERER PAUL R	799	43.9408	799	43.9408	35,109
2013-03-01	MMS	LEDERER PAUL R	500	73.9400	500	73.9400	36,970
2012-12-14	MMS	LEDERER PAUL R	6,278	63.5038	6,278	63.5038	398,677
2012-06-14	MMS	LEDERER PAUL R	6,300	45.0900	6,300	45.0900	284,067
2012-06-14	MMS	LEDERER PAUL R	15,200	44.9300	15,200	44.9300	682,936

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 Paul R Lederer as disclosed to the Securities Exchange Commission (SEC).