undamentalytics Newsletter

Keenan W Howard Jr: insider trades

Director at 4 companies we cover. No open-market purchases and 30 sales not made under a pre-set plan, reported from October 17, 2013 to May 7, 2026.

What happened after Keenan W Howard Jr’s sales?

After their sales, the shares moved −5.5% against the index over 12 months on average (a negative figure means selling was the right call); 69% 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

Keenan W Howard Jr: trades against the S&P 500 afterwards
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 30 −11.3% −11.4% 73% 11 −3.31 0.008 Strong evidence: seller right
Sales, 12 months after the report 29 −5.5% −21.8% 69% 10 −0.80 0.44 No reliable evidence
Sales, 12 months after the trade 29 −3.5% −25.1% 66% 10 −0.70 0.50 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
Antero Resources Corp AR —018October 17, 2013May 15, 2025
Solaris Energy Infrastructure, Inc. SEI —06November 15, 2017May 7, 2026
Antero Midstream Corp AM —05May 23, 2019May 25, 2022
Ramaco Resources, Inc. METC —01February 10, 2017February 10, 2017

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
May 7, 2026May 6, 2026 SEI Sale $149,000,000 −24.6%not yetnot yet
May 15, 2025May 13, 2025 AR Sale $44,883,967 −32.8%−27.0%−38.6%
February 20, 2025February 18, 2025 AR Sale $36,351,000 +4.9%−27.2%−25.1%
December 18, 2024December 16, 2024 SEI Sale $23,409,750 −8.9%+52.5%+37.4%
May 10, 2024May 10, 2024 AR Sale $5,427,667 −22.8%+5.5%+7.3%
May 9, 2024May 7, 2024 AR Sale $28,733,190 −21.1%+7.3%+2.2%
March 14, 2024March 12, 2024 AR Sale $26,164,421 +22.0%+46.6%+33.2%
December 7, 2022December 7, 2022 AR Sale $24,437,522 −23.7%−50.3%−52.3%
December 6, 2022December 6, 2022 AR Sale $6,862,834 −24.1%−52.3%−50.4%
September 7, 2022September 6, 2022 AR Sale $28,587,827 −18.6%−47.4%−45.6%
May 25, 2022May 23, 2022 AM Sale $8,194,418 −0.1%−0.1%+7.0%
May 20, 2022May 18, 2022 AM Sale $8,454,372 +0.1%+7.0%+4.5%
May 18, 2022May 18, 2022 AR Sale $34,804,673 +10.2%−41.7%−40.5%
November 23, 2021November 19, 2021 AR Sale $10,985,909 +25.8%+109.5%+103.5%
September 2, 2021August 31, 2021 AR Sale $1,061,682 −0.2%+146.1%+203.4%
August 30, 2021August 26, 2021 AR Sale $13,156,780 +26.8%+203.4%+236.4%
March 11, 2021February 25, 2021 SEI Sale $10,600,000 −36.6%−30.9%−36.0%
November 13, 2019November 12, 2019 AM Sale $19,560,000 −22.5%+31.1%+21.6%
September 9, 2019September 5, 2019 AM Sale $19,448,325 −31.3%−17.0%−11.7%
May 23, 2019May 21, 2019 AM Sale $50,440,000 −43.9%−65.3%−65.6%
March 29, 2019November 29, 2017 AR Sale $3,541,600 −42.1%−83.9%−34.3%
March 14, 2019March 12, 2019 SEI Sale $31,150,000 −12.1%−54.4%−60.7%
January 16, 2018January 11, 2018 SEI Sale $30,491,600 −9.3%−21.8%−30.8%
November 15, 2017November 14, 2017 SEI Sale $40,009,423 +13.2%−14.9%−20.8%
February 10, 2017February 8, 2017 METC Sale $4,995,000 −50.8%−58.8%−62.1%
November 9, 2016November 7, 2016 AR Sale $6,432,400 −5.6%−38.2%−44.5%
March 2, 2016February 29, 2016 AR Sale $29,455,516 +14.8%−20.3%−19.8%
June 9, 2014June 5, 2014 AR Sale $16,423,118 −10.8%−48.3%−49.9%
May 21, 2014May 19, 2014 AR Sale $744,000,000 −12.5%−47.6%−49.4%
October 17, 2013October 16, 2013 AR Sale $143,250,004 −2.4%−21.5%−19.3%

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 Keenan W Howard Jr traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.