Neuberger Berman High Yield Strategies Fund Inc. - Equity Right
US ˙ NYSEAM

Introduction

This page provides a comprehensive analysis of the known insider trading history of Thomas P Oreilly. 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.

Companies with Reported Insider Positions

The SEC filings indicate Thomas P Oreilly has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:NHS / Neuberger Berman High Yield Strategies Fund Inc. Portfolio Manager 2,622
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Thomas P Oreilly. 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 NHS RT / Neuberger Berman High Yield Strategies Fund Inc. - Equity Right - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NHS RT / Neuberger Berman High Yield Strategies Fund Inc. - Equity Right. 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 (%)
2015-10-08 NHS OREILLY THOMAS P 14,543 10.4203 14,543 10.4203 151,542 336 11.9400 22,101 14.58
2015-10-08 NHS OREILLY THOMAS P 14,543 10.4203 14,543 10.4203 151,542
2015-10-07 NHS OREILLY THOMAS P 5,457 10.2956 5,457 10.2956 56,183
2015-10-07 NHS OREILLY THOMAS P 5,457 10.2956 5,457 10.2956 56,183
2015-07-14 NHS OREILLY THOMAS P 5,000 11.5456 5,000 11.5456 57,728
2015-07-13 NHS OREILLY THOMAS P 4,502 11.5740 4,502 11.5740 52,106
2013-09-19 NHS OREILLY THOMAS P 10,000 13.1101 10,000 13.1101 131,101
2013-07-17 NHS OREILLY THOMAS P 8,000 13.0012 8,000 13.0012 104,010
2013-06-06 NHS OREILLY THOMAS P 10,000 13.3522 10,000 13.3522 133,522
2012-11-19 NHS OREILLY THOMAS P 3,120 13.0100 3,120 13.0100 40,591
2012-11-15 NHS OREILLY THOMAS P 3,120 13.0131 3,120 13.0131 40,601
2012-11-15 NHS OREILLY THOMAS P 3,120 13.0131 3,120 13.0131 40,601

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

NHS RT / Neuberger Berman High Yield Strategies Fund Inc. - Equity Right Insider Trades
Insider Sales NHS RT / Neuberger Berman High Yield Strategies Fund Inc. - Equity Right - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NHS RT / Neuberger Berman High Yield Strategies Fund Inc. - Equity Right. 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 (%)
2017-08-10 NHS OREILLY THOMAS P 4,000 11.8296 4,000 11.8296 47,318 326 10.7900 -4,158 -8.79
2017-08-09 NHS OREILLY THOMAS P 5,000 12.0063 5,000 12.0063 60,032
2017-08-08 NHS OREILLY THOMAS P 5,000 12.1214 5,000 12.1214 60,607
2017-08-07 NHS OREILLY THOMAS P 4,000 12.1353 4,000 12.1353 48,541
2016-12-23 NHS OREILLY THOMAS P 5,814 11.6028 5,814 11.6028 67,459
2016-12-22 NHS OREILLY THOMAS P 4,186 11.6130 4,186 11.6130 48,612
2016-04-04 NHS OREILLY THOMAS P 11,913 10.4185 11,913 10.4185 124,116
2016-04-01 NHS OREILLY THOMAS P 18,087 10.5273 18,087 10.5273 190,407

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

NHS RT / Neuberger Berman High Yield Strategies Fund Inc. - Equity Right Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Thomas P Oreilly 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
2017-08-14 2017-08-10 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -4,000 2,622 -60.40 11.83 -47,318 31,017
2017-08-09 2017-08-09 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -5,000 6,622 -43.02 12.01 -60,032 79,506
2017-08-09 2017-08-08 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -5,000 11,622 -30.08 12.12 -60,607 140,875
2017-08-09 2017-08-07 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -4,000 16,622 -19.40 12.14 -48,541 201,713
2016-12-27 2016-12-23 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -5,814 20,622 -21.99 11.60 -67,459 239,273
2016-12-27 2016-12-22 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -4,186 26,436 -13.67 11.61 -48,612 307,001
2016-04-08 2016-04-04 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -11,913 30,622 -28.01 10.42 -124,116 319,035
2016-04-08 2016-04-01 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
S - Sale -18,087 42,535 -29.84 10.53 -190,407 447,779
2016-04-04 2015-10-08 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 14,543 60,622 31.56 10.42 151,542 631,699
2016-04-04 2015-10-07 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 5,457 46,079 13.43 10.30 56,183 474,411
2016-04-04 2015-07-14 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 5,000 40,622 14.04 11.55 57,728 469,005
2016-04-04 2015-07-13 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 4,502 35,622 14.47 11.57 52,106 412,289
2016-04-04 2013-09-19 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 10,000 31,120 47.35 13.11 131,101 407,986
2016-04-04 2013-07-17 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 8,000 21,120 60.98 13.00 104,010 274,585
2016-04-04 2013-06-06 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 10,000 13,120 320.51 13.35 133,522 175,181
2016-04-04 2012-11-15 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 3,120 3,120 13.01 40,601 40,601
2015-10-09 2015-10-08 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 14,543 20,000 266.50 10.42 151,542 208,406
2015-10-09 2015-10-07 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 5,457 5,457 10.30 56,183 56,183
2015-07-22 2015-07-14 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Shares of Common Stock
P - Purchase 5,000 40,622 14.04 11.55 57,728 469,005
2015-07-22 2015-07-13 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Shares of Common Stock
P - Purchase 4,502 35,622 14.47 11.57 52,106 412,289
2015-07-15 2015-07-14 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Shares of Common Stock
P - Purchase 5,000 46,120 12.16 11.55 57,728 532,483
2015-07-15 2015-07-13 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Shares of Common Stock
P - Purchase 10,000 41,120 32.13 11.58 115,800 476,170
2013-09-20 2013-09-19 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 10,000 31,120 47.35 13.11 131,101 407,986
2013-07-18 2013-07-17 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 8,000 21,120 60.98 13.00 104,010 274,585
2013-06-07 2013-06-06 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 10,000 13,120 320.51 13.35 133,522 175,181
2012-11-30 2012-11-15 4/A NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 3,120 3,120 13.01 40,601 40,601
2012-11-19 2012-11-19 4 NHS Neuberger Berman High Yield Strategies Fund Inc.
Common Stock
P - Purchase 3,120 3,120 13.01 40,591 40,591
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)