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
2018-12-20 CARROLL JONATHAN P Director Buy 1,000 $7.25 $7,250 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

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.