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Insider Buy CEO Buy New Position August 10, 2020

Walsh Patrick D purchased ~$308K in ANI Pharmaceuticals, Inc. stock

ANI Pharmaceuticals, Inc. (ANIP)  ·  CHAIRMAN, INTERIM PRES. & CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-23.8%

vs SPY +6.1%

ANIP price after insider trade by Walsh Patrick D

Insider

Walsh Patrick D

Role

CHAIRMAN, INTERIM PRES. & CEO

Transaction

Open-Market Purchase

Approx. Value

~$308K

Trade Date

Aug 10, 2020

Company

ANI Pharmaceuticals, Inc.

Ticker

ANIP

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$308K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

CHAIRMAN, INTERIM PRES. & CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

-23.8% in 90 days (S&P 500: +6.1%)

This trade underperformed the S&P 500 by 29.9 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

WP

How good is Walsh Patrick D at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On August 10, 2020, Walsh Patrick D — CHAIRMAN, INTERIM PRES. & CEO of ANI Pharmaceuticals, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$308K in ANI Pharmaceuticals, Inc. (ANIP) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, ANIP returned -23.8% versus +6.1% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$308K
Insider role CHAIRMAN, INTERIM PRES. & CEO
90-day return -23.8%
vs S&P 500 -29.9%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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