PineBridge Secondary Partners II GP, L.P. - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of PineBridge Secondary Partners II GP, 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

Companies with Reported Insider Positions

The SEC filings indicate PineBridge Secondary Partners II GP, L.P. 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 PineBridge Secondary Partners II GP, 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 Purchases FDUS / Fidus Investment Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FDUS / Fidus Investment Corporation. 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 FDUS / Fidus Investment Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FDUS / Fidus Investment Corporation. 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 (%)
2012-02-07	FDUS	PineBridge Secondary Partners II Holdings, L.P.	7,700	13.7000	7,700	13.7000	105,490	42	12.99	-5,467	-5.18
2012-02-06	FDUS	PineBridge Secondary Partners II Holdings, L.P.	4,400	13.6500	4,400	13.6500	60,060
2012-02-03	FDUS	PineBridge Secondary Partners II Holdings, L.P.	5,705	13.7300	5,705	13.7300	78,330
2012-02-02	FDUS	PineBridge Secondary Partners II Holdings, L.P.	3,382	13.6000	3,382	13.6000	45,995
2012-02-01	FDUS	PineBridge Secondary Partners II Holdings, L.P.	22,116	13.5600	22,116	13.5600	299,893
2012-01-31	FDUS	PineBridge Secondary Partners II Holdings, L.P.	15,244	13.6400	15,244	13.6400	207,928
2012-01-30	FDUS	PineBridge Secondary Partners II Holdings, L.P.	3,599	13.6100	3,599	13.6100	48,982
2012-01-27	FDUS	PineBridge Secondary Partners II Holdings, L.P.	7,970	14.0000	7,970	14.0000	111,580
2012-01-26	FDUS	PineBridge Secondary Partners II Holdings, L.P.	4,432	13.8700	4,432	13.8700	61,472
2012-01-25	FDUS	PineBridge Secondary Partners II Holdings, L.P.	19,287	13.9400	19,287	13.9400	268,861
2012-01-24	FDUS	PineBridge Secondary Partners II Holdings, L.P.	21,168	13.9200	21,168	13.9200	294,659
2012-01-23	FDUS	PineBridge Secondary Partners II Holdings, L.P.	12,681	13.8300	12,681	13.8300	175,378
2012-01-20	FDUS	PineBridge Secondary Partners II Holdings, L.P.	25,819	13.6700	25,819	13.6700	352,946
2012-01-19	FDUS	PineBridge Secondary Partners II Holdings, L.P.	14,017	13.5600	14,017	13.5600	190,071
2012-01-18	FDUS	PineBridge Secondary Partners II Holdings, L.P.	3,076	13.5600	3,076	13.5600	41,711
2012-01-10	FDUS	PineBridge Secondary Partners II Holdings, L.P.	30,016	13.5600	30,016	13.5600	407,017
2012-01-09	FDUS	PineBridge Secondary Partners II Holdings, L.P.	19,945	13.5700	19,945	13.5700	270,654

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 PineBridge Secondary Partners II GP, L.P. as disclosed to the Securities Exchange Commission (SEC).