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Hazlett James R: insider trades

Officer at Natural GAS Services Group Inc. No open-market purchases and 20 sales not made under a pre-set plan, reported from March 20, 2013 to October 7, 2021.

What happened after Hazlett James R’s sales?

After their sales, the shares moved −16.9% against the index over 12 months on average (a negative figure means selling was the right call); 65% 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 20 −6.9% −8.0% 85% 8 −1.99 0.087 No reliable evidence
Sales, 12 months after the report 20 −16.9% −21.1% 65% 8 −2.32 0.054 No reliable evidence
Sales, 12 months after the trade 20 −17.0% −25.6% 70% 8 −2.22 0.062 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
Natural GAS Services Group Inc NGS VP - Technical Services020March 20, 2013October 7, 2021

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
October 7, 2021October 6, 2021 NGS Sale $33,220 −18.8%−1.5%+4.1%
December 10, 2020December 10, 2020 NGS Sale $30,000 −26.3%−42.1%−45.0%
April 25, 2019April 22, 2019 NGS Sale $55,121 −8.2%−67.2%−69.7%
April 1, 2019March 28, 2019 NGS Sale $51,780 −14.7%−65.2%−64.7%
March 27, 2019March 26, 2019 NGS Sale $34,590 −13.1%−64.7%−60.3%
January 24, 2018January 22, 2018 NGS Sale $54,721 −3.7%−36.2%−37.3%
January 17, 2018January 12, 2018 NGS Sale $185,767 −4.9%−35.1%−33.8%
September 28, 2017September 26, 2017 NGS Sale $346,000 −14.5%−44.5%−43.1%
May 4, 2017May 2, 2017 NGS Sale $11,204 −7.9%−17.3%−24.2%
April 12, 2017April 11, 2017 NGS Sale $72,726 −15.2%−24.8%−27.1%
November 23, 2016November 22, 2016 NGS Sale $95,557 −17.6%−33.3%−32.6%
June 24, 2016June 23, 2016 NGS Sale $83,720 −7.6%−13.8%−15.7%
December 21, 2015December 17, 2015 NGS Sale $91,955 −1.9%+37.7%+51.7%
December 17, 2015December 15, 2015 NGS Sale $39,820 +2.1%+45.4%+52.1%
July 2, 2015June 30, 2015 NGS Sale $55,000 −8.2%+2.8%−4.2%
June 22, 2015June 19, 2015 NGS Sale $58,300 −0.1%+6.6%+5.6%
June 18, 2015June 17, 2015 NGS Sale $78,230 −2.8%+5.6%+3.5%
June 12, 2015June 10, 2015 NGS Sale $158,873 −8.2%+1.4%−6.2%
December 9, 2013December 5, 2013 NGS Sale $142,607 +15.9%−32.0%−36.0%
March 20, 2013March 18, 2013 NGS Sale $94,550 +18.4%+39.2%+43.2%

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 Hazlett James R traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.