Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
Salient Midstream & MLP Fund (SMM)
Sector: Financial Services; Industry: Asset Management

Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund primarily invests in midstream companies and master limited partnerships. It invests in stocks of large-cap, mid-cap, and small-cap companies. Salient Midstream & MLP Fund was formed on May 24, 2012 and is domiciled in the United States.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-01-13 Saba Capital Management, L.P. 10%-Owner Buy 28,582 $7.15 $204,469 No
2022-01-11 Saba Capital Management, L.P. 10%-Owner Buy 22,595 $6.94 $156,698 No
2021-12-28 Saba Capital Management, L.P. 10%-Owner Buy 49,290 $6.82 $336,023 No
2021-12-20 Saba Capital Management, L.P. 10%-Owner Buy 27,911 $6.51 $181,818 No
2021-12-16 Saba Capital Management, L.P. 10%-Owner Buy 74,163 $6.58 $487,848 No
2021-12-14 Saba Capital Management, L.P. 10%-Owner Buy 74,299 $6.43 $477,465 No
2021-12-10 Saba Capital Management, L.P. 10%-Owner Buy 59,500 $6.61 $393,151 No
2021-12-08 Saba Capital Management, L.P. 10%-Owner Buy 46,751 $6.65 $310,968 No
2021-12-06 Saba Capital Management, L.P. 10%-Owner Buy 155,032 $6.37 $987,866 No
2021-12-02 Saba Capital Management, L.P. 10%-Owner Buy 245,517 $6.36 $1,562,542 No
2021-11-30 Saba Capital Management, L.P. 10%-Owner Buy 95,915 $6.45 $619,101 No
2021-11-26 Saba Capital Management, L.P. 10%-Owner Buy 72,925 $6.58 $479,994 No
2020-02-06 Reid Gregory Allen President and CEO Sell 7,029 $7.33 $51,523 No
2018-12-20 CARROLL JONATHAN P Director Buy 1,000 $7.25 $7,250 No
2018-12-11 Reid Gregory Allen President and CEO Buy 5,000 $8.05 $40,245 No
2018-12-10 CARROLL JONATHAN P Director Buy 1,000 $8.00 $8,000 No
2018-12-06 CARROLL JONATHAN P Director Buy 1,000 $8.10 $8,100 No
2018-11-30 CARROLL JONATHAN P Director Buy 1,000 $8.25 $8,250 No
2018-11-23 CARROLL JONATHAN P Director Buy 1,000 $8.21 $8,210 No
2014-05-15 Reid Gregory Allen President and CEO Sell 7,744 $26.30 $203,628 No
2014-05-14 Reid Gregory Allen President and CEO Sell 9,414 $26.22 $246,835 No
2014-05-13 Reid Gregory Allen President and CEO Sell 2,842 $26.14 $74,284 No
2013-06-27 Reid Gregory Allen President and CEO Buy 7,029 $22.74 $159,833 No
2013-01-04 Reid Gregory Allen President and CEO Buy 10,000 $19.46 $194,560 No
2013-01-02 Reid Gregory Allen President and CEO Buy 20,000 $19.25 $384,980 No

Insider Smart

Mohawk Group Holdings, Inc. (MWK) - Multiple insiders bought MWK in June around $5, stock moved sideways for a month then made a 60% jump in 10 days. Patience is the key.