Saba Capital Management, L.P. purchased ~$623K in First Eagle Senior Loan Fund stock
First Eagle Senior Loan Fund (FSLF) · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Chart not yet available
Price chart data is still being processed for this trade.
Trade Details · Public SEC Filing
Insider
Saba Capital Management, L.P.
Role
—
Transaction
Open-Market Purchase
Approx. Value
~$623K
Trade Date
Nov 18, 2020
Company
First Eagle Senior Loan Fund
Ticker
FSLFSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$623K purchase
A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.
How good is Saba Capital Management, L.P. at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On November 18, 2020, Saba Capital Management, L.P. — a corporate insider at First Eagle Senior Loan Fund — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$623K in First Eagle Senior Loan Fund (FSLF) 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.
VeritySignals Conviction Analysis
Full Conviction Analysis
Sign up free to see signal strength details, or upgrade for the full 15-factor breakdown.
Get notified the next time Saba Capital Management, L.P. trades
Free alerts · No credit card · Instant notification
All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More FSLF Insider Activity
Saba Capital Management, L.P.
Mar 1, 2021
~$253K
STRONG
Saba Capital Management, L.P.
Feb 11, 2021
~$223K
STRONG
Saba Capital Management, L.P.
Jan 4, 2021
~$1.1M
STRONG
Saba Capital Management, L.P.
Dec 2, 2020
~$2.0M
STRONG
How to Read Insider Trades
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.
Never miss a signal
Get notified when high-conviction insiders buy. Free account, no credit card.
Sign up free