Introduction

This page provides a comprehensive analysis of the known insider trading history of MSD Torchlight Partners, L.P.. 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 MSD Torchlight Partners, L.P. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:BKEP / Blueknight Energy Partners LP - Unit 10% Owner 0
US:NSAM / NorthStar Asset Management Group, Inc. 10% Owner 0
US:TYL / Tyler Technologies, Inc. 10% Owner 3,049,923
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by MSD Torchlight Partners, L.P.. 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 MSD Torchlight Partners, L.P. 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
2018-01-26 2018-01-24 4 BKEP Blueknight Energy Partners, L.P.
Total Return Equity Swap 		X - Other -1 0 -100.00
2018-01-26 2018-01-24 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -279,125 240,000 -53.77 5.18 -1,445,868 1,243,200
2018-01-26 2018-01-24 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -2,794,826 519,125 -84.34 5.17 -14,449,250 2,683,876
2018-01-26 2018-01-24 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		X - Other 519,125 3,313,951 18.57 5.45 2,829,231 18,061,033
2017-12-18 2017-12-18 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -2,960 1,907,711 -0.15 7.52 -22,259 14,345,987
2017-12-18 2017-12-15 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -46 1,910,671 0.00 7.45 -343 14,234,499
2017-12-18 2017-12-14 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -20,216 2,794,826 -0.72 5.00 -101,135 13,981,676
2017-12-13 2017-12-13 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -100 1,910,717 -0.01 7.50 -750 14,330,378
2017-12-13 2017-12-13 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -95,259 2,815,042 -3.27 5.10 -485,821 14,356,714
2017-12-13 2017-12-12 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -2,359 1,910,817 -0.12 7.50 -17,692 14,331,128
2017-12-13 2017-12-11 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -6,203 1,913,176 -0.32 7.50 -46,522 14,348,820
2017-12-13 2017-12-11 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -34,925 2,910,301 -1.19 5.14 -179,514 14,958,947
2017-12-08 2017-12-08 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -1,516 1,919,379 -0.08 7.50 -11,370 14,395,342
2017-12-08 2017-12-08 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -7,300 2,945,226 -0.25 5.10 -37,230 15,020,653
2017-12-08 2017-12-07 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -4,009 1,920,895 -0.21 7.50 -30,068 14,406,712
2017-12-08 2017-12-07 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -116,112 2,952,526 -3.78 5.10 -592,171 15,057,883
2017-12-08 2017-12-06 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -2,084 1,924,904 -0.11 7.51 -15,651 14,456,029
2017-12-08 2017-12-06 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -17,540 3,068,638 -0.57 5.10 -89,454 15,650,054
2017-12-05 2017-12-05 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		S - Sale -8,854 1,926,988 -0.46 7.51 -66,494 14,471,680
2017-12-05 2017-12-05 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -133,615 3,086,178 -4.15 4.99 -666,739 15,400,028
2017-12-05 2017-12-04 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -5,000 3,219,793 -0.16 5.25 -26,250 16,903,913
2017-12-05 2017-12-01 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -31,597 3,224,793 -0.97 5.31 -167,780 17,123,651
2017-01-12 2017-01-10 4 NSAM NorthStar Asset Management Group Inc.
Common Stock 		J - Other -12,967,514 0 -100.00
2016-10-31 2016-10-27 4 NSAM NorthStar Asset Management Group Inc.
Equity Swap 		X - Other -1 0 -100.00
2016-10-31 2016-10-27 4 NSAM NorthStar Asset Management Group Inc.
Common Stock 		J - Other -193,941 12,773,573 -1.50 13.95 -2,704,895 178,153,023
2016-10-31 2016-10-27 4 NSAM NorthStar Asset Management Group Inc.
Common Stock 		X - Other 193,941 12,967,514 1.52 13.96 2,706,447 180,961,658
2016-10-26 3 NSAM NorthStar Asset Management Group Inc.
Common Stock 		25,547,146
2016-10-26 3 NSAM NorthStar Asset Management Group Inc.
Common Stock 		25,547,146
2016-10-26 3 NSAM NorthStar Asset Management Group Inc.
Common Stock 		25,547,146
2016-10-26 3 NSAM NorthStar Asset Management Group Inc.
Common Stock 		25,547,146
2016-08-26 2016-08-25 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -1,900 3,256,390 -0.06 5.77 -10,970 18,802,070
2016-08-26 2016-08-24 4 BKEP Blueknight Energy Partners, L.P.
Common Units 		S - Sale -318,654 3,258,290 -8.91 5.80 -1,848,193 18,898,082
2012-06-08 3 BKEP Blueknight Energy Partners, L.P.
Common Units 		5,512,786
2011-11-02 2011-10-31 4 BKEP Blueknight Energy Partners, L.P.
Total Return Equity Swap 		J - Other 280,950 280,950
2011-11-02 2011-10-31 4 BKEP Blueknight Energy Partners, L.P.
Total Return Equity Swap 		J - Other -280,950 0 -100.00
2011-11-02 2011-10-31 4 BKEP Blueknight Energy Partners, L.P.
Series A Preferred Units 		X - Other 1,935,842 1,935,842 6.50 12,582,973 12,582,973
2011-11-02 2011-10-31 4 BKEP Blueknight Energy Partners, L.P.
Subscription Rights (right to buy) 		X - Other -1,935,842 0 -100.00
2010-09-30 2010-09-28 4 TYL TYLER TECHNOLOGIES INC
Common Stock, par value $0.01 per share 		S - Sale -1,000,000 3,049,923 -24.69 19.85 -19,850,000 60,540,972
2008-12-31 2008-12-31 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 76,750 2,681,490 2.95 2.31 177,623 6,205,772
2008-12-31 2008-12-30 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 68,550 2,604,740 2.70 2.01 137,655 5,230,578
2008-12-31 2008-12-29 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 43,473 2,536,190 1.74 1.99 86,716 5,058,938
2008-12-31 2008-10-20 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		L - Other 2,300 2,492,717 0.09 3.74 8,607 9,328,495
2008-10-17 2008-10-15 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 9,281 2,490,417 0.37 3.67 34,061 9,139,830
2008-10-10 2008-10-10 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 34,000 2,481,136 1.39 3.10 105,393 7,691,025
2008-10-10 2008-10-08 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 100,000 2,447,136 4.26 2.76 276,000 6,754,095
2008-10-06 2008-10-06 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 29,436 2,347,136 1.27 5.00 147,083 11,727,934
2008-10-06 2008-10-02 4 SGLP SemGroup Energy Partners, L.P.
Common Units 		P - Purchase 46,000 2,317,700 2.02 5.70 262,200 13,210,890
2008-08-27 2008-08-25 4 SGLP SemGroup Energy Partners, L.P.
Common Stock 		P - Purchase 123,200 2,271,700 5.73 9.98 1,229,524 22,671,339
2008-08-27 3 SGLP SemGroup Energy Partners, L.P.
Common Stock 		2,148,500
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)