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Hamner R Steven: insider trades

Chief financial officer at Medical Properties Trust Inc. No open-market purchases and 15 sales not made under a pre-set plan, reported from November 5, 2012 to April 8, 2022.

What happened after Hamner R Steven’s sales?

After their sales, the shares moved −11.5% against the index over 12 months on average (a negative figure means selling was the right call); 93% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 15 +3.3% −0.7% 53% 10 0.31 0.77 No reliable evidence
Sales, 12 months after the report 15 −11.5% −13.4% 93% 10 −1.96 0.082 No reliable evidence
Sales, 12 months after the trade 15 −12.4% −12.2% 93% 10 −2.18 0.057 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Medical Properties Trust Inc MPT Executive Vice President & CFO015November 5, 2012April 8, 2022

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
April 8, 2022April 7, 2022 MPT Sale $5,996,400 −8.6%−49.8%−47.2%
February 25, 2021February 24, 2021 MPT Sale $5,622,500 −11.8%−15.2%−15.5%
July 2, 2020July 2, 2020 MPT Sale $4,206,400 −6.7%−25.5%−26.7%
September 26, 2019September 25, 2019 MPT Sale $1,505,825 −2.2%−20.0%−19.5%
August 9, 2019August 7, 2019 MPT Sale $1,243,900 +5.6%−2.4%−2.0%
August 8, 2018August 6, 2018 MPT Sale $515,550 +16.1%+25.0%+24.8%
June 15, 2017June 14, 2017 MPT Sale $1,135,600 −1.5%−2.7%−4.6%
June 15, 2016June 14, 2016 MPT Sale $1,002,320 −8.0%−23.7%−22.8%
April 13, 2016April 11, 2016 MPT Sale $2,042,900 +10.6%−1.8%−6.3%
September 2, 2014August 29, 2014 MPT Sale $422,700 −3.4%−13.5%−12.2%
June 11, 2014June 9, 2014 MPT Sale $826,800 −0.7%−2.8%−5.5%
November 12, 2013November 7, 2013 MPT Sale $1,300,000 +1.7%−3.9%−7.3%
December 14, 2012December 13, 2012 MPT Sale $933,761 +24.6%−13.9%−16.3%
December 14, 2012December 13, 2012 MPT Sale $205,875 +24.6%−13.9%−16.3%
November 5, 2012November 2, 2012 MPT Sale $586,272 +9.7%−8.3%−7.9%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Hamner R Steven traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.