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EdgarHawk

Richards Paul

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Officer
10 filings analyzed · 3 companies · Latest 2026-03-24

Companies

Company Buys Sells Direction
NexPoint Residential Trust, Inc. NXRT 8 0 Net buying
NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 6 0 Net buying
NexPoint Real Estate Finance, Inc. NREF 1 0 Net buying

Activity

March 2026
medium
Buy
1,700 shares
$42,037
Significance 4/10

Richards Paul bought 1,700 shares at $24.73 avg (2 transactions, $42.0K) as NXRT trades -15.6% over 30 days

Richards Paul executed two separate purchases totaling 1,700 shares for $42,037.00, increasing his holdings from 28,859 to 30,559 shares (+5.9%). The transactions occurred at $24.81 on 2026-03-19 and $24.11 on 2026-03-20, near the current price of $25.09 but significantly below the 52-week high of $40.68. At same-ticker, Paul's prior five trades at NXRT show mixed results: his 3 prior buys with measurable 90-day outcomes produced outcomes of +10.1%, +1.1%, and +2.8%, but only 1 of 3 achieved positive 90-day returns (0 of 3 "well-timed" at the 90-day mark by the strict definition). The company is unprofitable (net income: $-7.8M in the latest quarter, negative full-year net income) with declining annual revenue (-3.2% year-over-year). The stock has declined -38.3% from its 52-week high and -15.6% over the past 30 days, creating a lower-priced entry point for this insider accumulation.

medium
Buy
2,000 shares
$52,680
Significance 4/10

Paul Richards buys 2,000 NXRT shares at $26.34; stock down 35.3% from 52-week high.

Paul Richards purchased 2,000 shares of NexPoint Residential Trust at $26.34 on 2026-03-09, adding to a position that now stands at 28,186 shares post-transaction. The transaction occurs as NXRT is trading 35.3% below its 52-week high of $40.68 and has declined 12.6% over the past 30 days. At the NXRT-specific level, Richards' prior four concluded trades at this ticker show a 1-in-4 win rate at the 90-day mark (25%), with mixed outcomes ranging from +13.5% to -2.8%. Fundamentally, the company reported a net loss of $7,790,000 for the most recent quarter on revenue of $62,829,000, with full-year results also unprofitable and annual revenue declining 3.2% year-over-year. The buy occurs just three days after a prior purchase on 2026-03-06 at the same ticker, suggesting repeated discretionary purchasing in a compressed timeframe against a backdrop of negative earnings and declining revenue.

Buy
1,000 shares
$27,330
Significance 4/10

Richards Paul bought 1,000 shares of NXRT at $27.33; stock down -35.0% from 52-week high, company unprofitable.

Richards Paul purchased 1,000 shares of NexPoint Residential Trust at $27.33 on 2026-03-06, increasing his holdings to 26.2K shares. The company is operating unprofitable (net income $-7.8M) with declining annual revenue (-3.2%), while the stock trades -35.0% from its 52-week high of $41.31. Among his prior NXRT trades (5 total), only 1 of 4 completed buys achieved positive 90-day returns, and his most recent NXRT buy on 2025-06-25 delivered -0.6% over 90 days. This purchase arrives during material operational headwinds and reflects a pattern of inconsistent timing at this specific ticker, limiting the bullish signal value.

November 2025
Buy
5,000 shares
$13,900
Significance 7/10

Richards Paul bought 5,000 shares of NXDT at $2.78 on 2025-11-19 amid -62.7% decline from 52-week high; prior 3 NXDT buys 100% well-timed at 90-day mark.

Richards Paul purchased 5,000 shares at $2.78, increasing his holdings to 119,820 shares. This acquisition occurs while NXDT trades at $2.70, down 62.7% from its 52-week high of $7.23 and down 21.0% over 30 days and 31.8% over 90 days. Notably, Richards's three prior purchases at NXDT (on 2025-05-23, 2025-04-04, and 2025-04-03) were each followed by positive 90-day returns of +15.3%, +35.8%, and +23.9% respectively—a 100% well-timed pattern. His cross-ticker track record shows 8 prior buys averaging +7.6% 30-day return and +14.8% 90-day return with a 100.00% win rate. However, the company remains unprofitable (net income $-13.7M in the latest quarter) despite revenue growth of +31.5% year-over-year, presenting a fundamental tension between operational deterioration and the insider's demonstrated timing skill at this specific ticker.

June 2025
medium
Buy
5,000 shares
$164,600
Significance 5/10

Richards Paul bought 5,000 shares of NXRT at $32.92; stock down 30.5% from 52-week high amid negative fundamentals (net loss $-6.9M, revenue declining -6.4% YoY).

Richards Paul purchased 5,000 shares at $32.92, increasing holdings by 25.4% to 24,689 shares total. The transaction occurs in a context of significant headwinds: NXRT reported net income of $-6.9M against revenue of $63.2M in the latest quarter, annual revenue declined -6.4% year-over-year, and the stock trades -30.5% below its 52-week high. Prior trades at NXRT by this insider showed mixed near-term outcomes (three prior buys with 30-day returns ranging +1.1% to +13.5%), but his cross-ticker track record shows an average 30-day return of +6.7% across 7 prior buys. The acquisition at $32.92 represents a modest accumulation relative to prior purchase activity at this ticker, occurring amid elevated operational losses and declining revenue trends.

May 2025
Buy
4,214 shares
$14,075
Significance 4/10

NXDT insider Richards Paul bought 4,214 shares at $3.34, growing holdings to 106.8K shares amid -48.7% decline from 52-week high.

Richards Paul purchased 4,214 shares of NEXPOINT DIVERSIFIED REAL ESTATE TRUST at $3.34, increasing total holdings to 106.8K shares. The purchase occurred on 2025-05-23 when NXDT was trading at a significant discount—48.7% below its 52-week high of $7.23—though the stock has recovered 3.6% over the prior 30 days. At the same ticker, Paul's prior two purchases (2025-04-03 and 2025-04-04) showed mixed near-term outcomes: the April 4 buy gained 5.5% in 30 days, while the April 3 buy declined 3.2%. The company's fundamentals remain challenged, with a negative full-year net income of $-34,318,000.00 ($-34.3M) despite strong annual revenue growth of 31.5%, creating a backdrop of fundamental uncertainty around this accumulation pattern.

medium
Buy
1,000 shares
$33,180
Significance 4/10

Richards Paul bought 1,000 shares of NXRT at $33.18 on 2025-05-23; stock now -29.0% from 52-week high, NXRT reports negative earnings.

Richards Paul purchased 1,000 shares at $33.18 on 2025-05-23, bringing his holdings to 19,869 shares. The purchase occurs in a challenging environment: NXRT has declined -16.4% over the past 90 days and trades -29.0% below its 52-week high of $47.74. Fundamentals are stressed with net income of $-6.9M and annual revenue decline of -6.4%, though Paul's prior two purchases at NXRT on 2025-04-07 generated 30-day returns of +13.5% and +10.1%, showing near-term recoveries following prior entry points. This second consecutive open-market accumulation at a lower price level within the span of six weeks occurs amid depressed valuations and negative earnings, meriting review of underlying conditions driving the recent decline and the outlook for shareholder value recovery.

April 2025
Buy
1,000 shares
$12,280
Significance 4/10

NREF insider Richards Paul buys 1,000 shares at $12.28; stock down 28.3% from 52-week high, P/E 4.02

Richards Paul purchased 1,000 shares of NexPoint Real Estate Finance at $12.28 on 2025-04-09, increasing his holdings to 48.8K shares. The stock currently trades at $12.75, representing a 30-day decline of -20.7% and a 28.3% pullback from the 52-week high of $17.78. Despite the price weakness, NREF exhibits a low P/E of 4.02 against net income of $23.3M. This buy comes as the insider's 4 prior open-market purchases across all tickers, providing context but not a strong track record of timing accuracy at this specific security.

Buy
5,814 shares
$193,275
Significance 6/10

Richards Paul bought 5,814 shares of NXRT at blended avg $33.24, raising stake 45.9% to 18,493 shares amid -26.9% 52-week pullback.

Richards Paul executed 2 separate purchases totaling 5,814 shares for $193,275.40, increasing his post-transaction holdings to 18,493 shares from 12,679 shares—a 45.9% enlargement of his prior stake. The purchases occurred at a blended average price of $33.24, while the stock trades 26.9% below its 52-week high of $47.74 and has declined 13.3% over the past 30 days. This open-market buy activity by Paul represents meaningful personal capital deployment at depressed relative valuation levels. However, the company's fundamentals present offsetting concerns: net income sits at $-8.9M on quarterly revenue of $64.1M, annual revenue is contracting at -6.4%, and the P/E ratio of 268.46 reflects earnings distress. Paul's cross-ticker track record shows only 3 prior buys, providing limited precedent for evaluating his typical buy behavior or timing accuracy at this specific issuer.

Buy
67,000 shares
$249,955
Significance 6/10

Paul Richards purchased 67,000 shares (67.0K) at blended $3.73 in April; cluster buy pattern as 2 other insiders bought within 14 days

Richards purchased 67,000 shares across 2 separate transactions on April 3-4, 2025, for a combined $249,955.00 at a blended average price of $3.73, increasing his holdings by 188.4% to 102,559 shares. The purchase occurs while the stock trades at $3.58 (current price), down 50.5% from its 52-week high of $7.23, and the company remains unprofitable with net income of $-10,037,000.00 despite revenue growth of 31.5% year-over-year. A cluster pattern is evident: 2 other insiders also made purchases within the past 14 days, suggesting coordinated or concurrent insider accumulation. The combination of substantial open-market accumulation by multiple insiders during a period of significant drawdown from peak valuations warrants attention to whether insiders perceive fundamental recovery potential or pricing dislocation, particularly given the company's current unprofitability.

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