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Gladstone Capital Corp insider trading

Every open-market purchase and sale by Gladstone Capital Corp's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchases, 5 years $9,999 1 trade by 1 insider 3 months later: median −7.2% (−12.4% vs S&P 500) Insider sales, 5 years $0 0 trades by 0 insiders
Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Gladstone Capital Corp’s insiders pay?

From May 21, 2010 to December 11, 2024, 10 insiders reported 42 open-market purchases and 11 sales not made under a pre-set plan in Gladstone Capital Corp. Twelve months after each purchase was reported, the shares were −2.3% against the S&P 500 on average (median −3.8%), over 42 purchases with a full year of prices; 41% beat the index. After sales, the shares moved −8.3% against the index over 12 months (a negative figure means selling was the right call). 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 May 24, 2010 into $25,455 by November 2, 2026, +5.9% a year. It held shares 56% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $42,263 (+9.2% a year), and held throughout $93,955 (+14.6%).

$0$50.0k$100k 201020122014201620182020202220242026 $94.0k$42.3k$25.5k
Copying Gladstone Capital Corp's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Gladstone Capital Corp's insiders from May 24, 2010, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 56% of the time.
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Marcotte Bob President 33 −2.3% (33) 42% 1 −30.7% (1) December 11, 2024
Brubaker Terry Lee Chief Operating Officer 0 — — 8 −6.4% (8) August 16, 2016
Gladstone David CEO 2 +12.0% (2) 50% 0 — February 29, 2016
Licalsi Michael Internal Counsel; Asst. Secret 2 −0.3% (2) 50% 0 — December 15, 2015
Wilkinson Walter H Director 2 −9.6% (2) 0% 0 — November 28, 2017
English Michela A Director 0 — — 1 −2.9% (1) February 28, 2013
Merrick Caren D Director 1 −4.5% (1) 0% 0 — June 3, 2015
Parker Anthony W Director 0 — — 1 −6.6% (1) February 5, 2013
Reilly John Director 1 −23.8% (1) 0% 0 — February 11, 2011
Schaltenbrand Nicole Frances Dubas CFO and Treasurer 1 +2.5% (1) 100% 0 — February 9, 2018

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Gladstone Capital Corp

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Gladstone Capital Corp 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 3 buying crowds with six months of prices, it averaged +4.5% against the index. After 1 selling crowd, −9.1%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
November 30, 20172 buying−10.5%−5.8%−10.2%
December 31, 20152 buying+1.9%+3.9%+32.0%
May 29, 20152 buying+16.1%+15.3%−0.8%
March 28, 20133 selling−11.7%−9.1%−2.2%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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