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EdgarHawk

Grumhaus David D Jr.

President and CEO

Officer
4 filings analyzed · 3 companies · Latest 2025-08-26

Companies

Company Buys Sells Direction
DTF TAX-FREE INCOME 2028 TERM FUND INC DTF 1 0 Net buying
Duff & Phelps Utility & Infrastructure Fund Inc. DPG 2 0 Net buying
DNP SELECT INCOME FUND INC DNP 1 0 Net buying

Activity

August 2025
Buy
1,200 shares
$15,324
Significance 4/10

DPG CEO Grumhaus buys 1,200 shares at $12.77; post-transaction holdings 11,612 shares (+11.5%)

David D Grumhaus Jr., President and CEO, purchased 1,200 shares of Duff & Phelps Utility & Infrastructure Fund Inc. (DPG) at $12.77 on 2025-08-25, increasing his holdings by 11.5% to 11,612 shares. The stock is trading near its 52-week high of $12.78, up 1.5% over the prior 30 days and 4.9% over 90 days. His cross-ticker track record shows 8 prior buys with a 90-day win rate of 71.43%, though at DPG specifically, his timing has been mixed: 1 of 3 prior buys at this ticker delivered positive 90-day returns. The current purchase follows three transactions at this fund since July 2023, most recently on 2024-11-26 with a 90-day loss of -2.4%. Timing at this price level—just 0.1% below the 52-week high—differs materially from his previous DPG entry points and reflects current market conditions rather than a contrarian signal.

Buy
1,400 shares
$15,876
Significance 6/10

CEO David D Grumhaus Jr. buys 1,400 shares of DTF at $11.34; holdings rise to 6,652 shares (+26.7%)

Grumhaus, as President and CEO, purchased 1,400 shares at $11.34, bringing his total holdings to 6,652 shares, a 26.7% increase in his position in the closed-end fund DTF. His prior two purchases at this ticker (on 2024-04-10 and 2024-04-09) each showed positive 90-day returns of 3.0% and 2.3% respectively, establishing a pattern of well-timed purchases at DTF. The current price of $11.28 sits within the 52-week range of $10.86–$11.41 and has appreciated 1.2% over the past 90 days, consistent with the mild upward trajectory observed after his previous buys. This buy-and-hold accumulation by the CEO in a tax-free income fund merit noting as a material position increase by a top executive, though the absolute dollar value of $15,876.00 and modest price appreciation since the transaction suggest measured rather than aggressive conviction.

November 2024
Buy
1,500 shares
$18,480
Significance 5/10

DPG CEO buys 1,500 shares at $12.32; holds 9,877 shares after transaction, up 17.9% from prior position.

Grumhaus David D Jr., President and CEO, purchased 1,500 shares of Duff & Phelps Utility & Infrastructure Fund Inc. at $12.32 on 2024-11-26, increasing his holdings from 8,377 to 9,877 shares. The stock currently trades at $12.47, near the top of its 52-week range of $8.73–$12.47, and has risen 7.8% over the last 30 days and 12.0% over the last 90 days. Notably, his prior trades at DPG were mixed: a 2024-04-09 buy delivered +5.6% (30d) and +4.4% (90d), but a 2023-07-31 buy resulted in -4.7% (30d) and -18.5% (90d), with only 1 of 2 prior DPG trades well-timed at the 90-day mark. His cross-ticker track record shows 6 prior buys with an average 90-day return of +0.1% and an 80% win rate, providing limited statistical evidence of consistent timing acuity at this specific closed-end fund.

high
Buy
2,000 shares
$19,200
Significance 6/10

DNP President & CEO Grumhaus bought 2,000 shares at $9.60; holdings now 8,361 shares, mirroring successful prior purchase pattern at this ticker.

Grumhaus David D Jr. purchased 2,000 shares of DNP SELECT INCOME FUND INC at $9.60 on 2024-11-26, increasing his holdings by 31.4% to 8,361 shares. His sole prior open-market transaction at DNP—a purchase on 2023-12-12—generated a 90-day return of +9.5%, demonstrating well-timed accumulation at this specific ticker. The current transaction follows a similar pattern: open-market discretionary purchase at the same issuer where he has shown prior success in entry timing. The cross-ticker track record shows 80.00% 90-day win rate across 6 prior buys with avg 90d return +0.1%, providing context that his timing at DNP specifically has outperformed his broader pattern. The stock is currently trading at $9.65, down -3.9% from its 52-week high of $10.04, placing the recent purchase near the lower range of the 52-week band.

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