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Insider Buy Insider Buy November 22, 2022

Repertoire Master Fund LP purchased ~$726K in Portman Ridge Finance Corporation stock

Portman Ridge Finance Corporation (PTMN)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+5.0%

vs SPY +0.3%

PTMN price after insider trade by Repertoire Master Fund LP

Insider

Repertoire Master Fund LP

Role

Transaction

Open-Market Purchase

Approx. Value

~$726K

Trade Date

Nov 22, 2022

Company

Portman Ridge Finance Corporation

Ticker

PTMN

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$726K purchase

A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.

+5.0% in 90 days (S&P 500: +0.3%)

This trade beat the S&P 500 by 4.7 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

RM

How good is Repertoire Master Fund LP at picking stocks?

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

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On November 22, 2022, Repertoire Master Fund LP — a corporate insider at Portman Ridge Finance Corporation — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$726K in Portman Ridge Finance Corporation (PTMN) 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, PTMN returned +5.0% versus +0.3% 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 ~$726K
Insider role Insider
90-day return +5.0%
vs S&P 500 +4.7%

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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