Brightspire Capital, Inc. insider trading
Every open-market purchase and sale by Brightspire Capital, Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.
Does following Brightspire Capital, Inc.’s insiders pay?
From November 13, 2019 to March 29, 2024, 8 insiders reported 13 open-market purchases and 3 sales not made under a pre-set plan in Brightspire Capital, Inc. Twelve months after each purchase was reported, the shares were −12.1% against the S&P 500 on average (median −21.4%), over 12 purchases with a full year of prices; 42% beat the index. After sales, the shares moved −8.7% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on November 14, 2019 into $8,212 by November 2, 2026, −2.8% a year. It held shares 52% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $17,512 (+8.4% a year), and held throughout $27,009 (+15.4%).
| Insider | Role | Purchases | 12 months after their purchases | Beat the S&P 500 | Sales | 12 months after their sales | Latest report |
|---|---|---|---|---|---|---|---|
| Palame David A | See Remarks | 5 | +2.1% (4) | 50% | 1 | −14.0% (1) | March 29, 2024 |
| Mazzei Michael | CEO | 2 | −14.1% (2) | 50% | 0 | — | May 9, 2022 |
| Saracino Frank V | See Remarks | 2 | −14.1% (2) | 50% | 0 | — | May 9, 2022 |
| Witt Andrew Elmore | See Remarks | 2 | −8.6% (2) | 50% | 0 | — | June 16, 2022 |
| Digitalbridge Group, Inc. | 10% owner | 0 | — | — | 1 | +5.9% (1) | August 17, 2021 |
| Digitalbridge Operating Company, LLC | 10% owner | 0 | — | — | 1 | −18.1% (1) | March 3, 2023 |
| Rice Catherine | Director | 1 | −21.4% (1) | 0% | 0 | — | June 16, 2022 |
| Traenkle Kevin P. | CEO AND PRESIDENT | 1 | −58.9% (1) | 0% | 0 | — | November 13, 2019 |
When several insiders traded Brightspire Capital, Inc.
Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Brightspire Capital, Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 2 buying crowds with six months of prices, it averaged −9.4% against the index. One company's history is too short to judge by; the test across every company is the better guide.
| Month | Crowd | 3 months on, vs S&P 500 | 6 months | 12 months |
|---|---|---|---|---|
| May 31, 2022 | 3 buying | +1.7% | −13.5% | −27.3% |
| August 31, 2021 | 4 buying | −6.3% | −5.4% | +2.2% |