Mark Tecotzky - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Mark Tecotzky. 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 Mark Tecotzky 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 Mark Tecotzky. 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 EARN / Ellington Credit Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in EARN / Ellington Credit 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 (%)
2016-02-12	EARN	Tecotzky Mark	40	10.9700	40	10.9700	439	731
2016-02-11	EARN	Tecotzky Mark	340	10.8800	340	10.8800	3,699
2016-02-10	EARN	Tecotzky Mark	200	10.9200	200	10.9200	2,184
2016-02-09	EARN	Tecotzky Mark	414	10.9400	414	10.9400	4,529
2016-02-08	EARN	Tecotzky Mark	757	11.2000	757	11.2000	8,478
2016-02-05	EARN	Tecotzky Mark	255	11.4800	255	11.4800	2,927
2016-02-04	EARN	Tecotzky Mark	399	11.5900	399	11.5900	4,624
2016-02-03	EARN	Tecotzky Mark	342	11.5900	342	11.5900	3,964
2016-02-02	EARN	Tecotzky Mark	281	11.3900	281	11.3900	3,201
2016-02-01	EARN	Tecotzky Mark	159	11.4400	159	11.4400	1,819
2016-01-29	EARN	Tecotzky Mark	990	11.3000	990	11.3000	11,187
2016-01-28	EARN	Tecotzky Mark	510	11.0700	510	11.0700	5,646
2016-01-27	EARN	Tecotzky Mark	386	11.0300	386	11.0300	4,258
2016-01-26	EARN	Tecotzky Mark	589	10.7900	589	10.7900	6,355
2016-01-22	EARN	Tecotzky Mark	580	10.7200	580	10.7200	6,218
2016-01-20	EARN	Tecotzky Mark	1,178	10.0400	1,178	10.0400	11,827
2016-01-15	EARN	Tecotzky Mark	862	10.7200	862	10.7200	9,241

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

Insider Sales EARN / Ellington Credit Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in EARN / Ellington Credit 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 EFC.PRC / Ellington Financial Inc. - Preferred Stock - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in EARN / Ellington Credit 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 (%)
2011-12-30	EFC	Tecotzky Mark	181	17.1600	181	17.1600	3,106	731
2011-10-13	EFC	Tecotzky Mark	200	17.3800	200	17.3800	3,476
2011-10-12	EFC	Tecotzky Mark	170	17.7400	170	17.7400	3,016

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

Insider Sales EFC.PRC / Ellington Financial Inc. - Preferred Stock - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in EARN / Ellington Credit 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 Trading History

This table shows the complete list of insider trades made by Mark Tecotzky as disclosed to the Securities Exchange Commission (SEC).