| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +2.7% | +2.7% | +1.8% |
| 20D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +5.1% | +5.1% | +3.9% |
| 60D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +9.1% | +9.1% | +0.6% |
| 120D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +11.4% | +11.4% | +1.4% |
COMPANY RESEARCH
Mutares SE & Co. KGaA
MUX.DE · Germany · Financial Services · Asset Management
INSIDER SIGNAL
5 insiders · 5 purchase events · €370k net purchases
Europe #52 · Germany #13
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
How many distinct insiders bought in the cluster
Purchase value relative to company size and liquidity
The seniority and relevance of participating insiders
How recently the purchases occurred
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Insider role contributes less on the current role scale
- ⚠ Purchase activity is becoming less recent
- ✓ Broad buyer cluster · 4+ distinct filers
The role contribution uses the inverted role input of the current European model.
Buying concentration
Largest buyer:Mark Friedrich · 270k EUR
Gross qualified purchase transaction-line value:470k EUR
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Mark Friedrich | 24.5 EUR | Apr 23, 2026 |
| Johannes Laumann | 24.5 EUR | Apr 23, 2026 |
| Julia Friedrich | 24.5 EUR | Apr 23, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 5 distinct reported filers
- Peak time window
- 2026-04-23 to 2026-04-23
- Current breadth input
- 1.000 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Mark Friedrich · 270k EUR · Price 24.5 EUR · Apr 23, 2026 - 🟢 PDMR purchase
Johannes Laumann · 122k EUR · Price 24.5 EUR · Apr 23, 2026 - 🟢 PDMR purchase
Julia Friedrich · 29k EUR · Price 24.5 EUR · Apr 23, 2026 - 🟡 2 remaining qualified transaction line(s) across 2 disclosure(s)
- 🔴 2 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price
Insider vs stock price
1 purchase day(s), 5 purchase line(s) in the 180-day window. 1 sale day(s), 2 sale line(s).
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-04-27 | 5 | 1,006 +0.6% | too few peers | — |
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (0 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
5 insiders bought on the same day, 23 Apr: 5 Management board. The share closed at 24.25 that day and at 24.70 most recently (+1.9%). That week 136 companies across Europe disclosed insider purchases, an ordinary week (26 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount. None of this company's filings in the window states an amount, so every dot is the same size.
×A sale
A cross is one insider's sales on one day. People sell to pay tax, to cash in share awards or to hold less of one company, so a sale says less than a purchase does. When someone bought and sold on the same day, the cross sits beside the dot. The totals are under “Purchases against sales” below.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 23 Apr, with 5 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, +0.2% over these six months
The closing price of each day, from 24.65 on 2026-04-21 to 24.70 on 2026-10-15. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −5.7%
Taken from the 88 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +0.2%, the typical one −5.7%, 5.9 points ahead. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 136 companies, number 26 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Johannes Laumann | Management board | 1 | — | — | 2026-04-23 | +1.9% | fewer than 5 completed |
| Jonah Friedrich | Management board | 1 | — | — | 2026-04-23 | +1.9% | fewer than 5 completed |
| Julia Friedrich | Management board | 1 | — | — | 2026-04-23 | +1.9% | fewer than 5 completed |
| Mark Friedrich | Management board | 1 | — | — | 2026-04-23 | +1.9% | fewer than 5 completed |
| Neela Friedrich | Management board | 1 | — | — | 2026-04-23 | +1.9% | fewer than 5 completed |
| Kristian Schleede | Supervisory board | — | 1 | — | — | — | fewer than 5 completed |
Purchases against sales
Shares of the NUMBER of transactions in the 180-day window: a reported value is missing for 7 line(s), or the lines are in more than one currency, so values cannot be added up. Sales include disposals for tax, at option exercise or under a pre-set plan, which say little about an insider's view. The split describes what was disclosed; it is not a signal.
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 1.000 | 35.0 |
| Qualified-buy size | 25% | 0.831 | 20.8 |
| Role informativeness (inverted) | 20% | 0.350 | 7.0 |
| Recency | 10% | 0.000 | 0.0 |
| Buy/sell conviction | 10% | 0.823 | 8.2 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-10-13: new on the bear side: loss-making. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
The two kinds of evidence disagree: the purchases themselves carry bull lines (more buyers than usual here), while company results argue against (loss-making).
- The insider purchases themselvesBullmore buyers than usual here Bearlatest purchase is old3 checked, under the threshold · 2 missing
- Share price and trading3 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company resultsBearloss-making1 missing
- Company actionsBearsubscription to new shares
Bull case · the buying is informative
- No insider bought in the 180 days before this window; 5 have bought in it. The buying is new for this company, not a habit.Record: after 3,134 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
Bear case · discount it
- Company actions5 of 5 purchase lines are subscriptions to newly issued shares (“Erwerb von Aktien durch Ausübung von Bezugsrechten”), bought from the company at an issue price and not in the market. Insiders often take part to support a financing.
- The latest purchase was 177 days ago (2026-04-23). A reporting period has passed since, so what the buyers knew then may already be public.
- Company resultsThe company is loss-making on the latest captured figures: profit margin −2.9%, return on equity −29%.
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- Only one reading of profitability is held (profit margin −2.9%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 7, 1 close to it
- BearInsiders sold €101k in the same 180 days, 21% of the amount bought. Counted for the bear side from 25%. close to the threshold
- BearThe largest buyer accounts for 57% of the value bought. Counted for the bear side from 80%.
- EitherNet purchases equal 0.06% of the company's market value. Bull from 0.10%, bear below 0.01%.
- BearThe share price changed +0.20% over six months (three months −9.2%, one month −5.0%) and stands 28% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed −9.2% and the median of 268 Financial Services companies changed −0.35%: behind by 9 points. Counted for the bear side from 20 points behind.
- BearThe register of Bundesanzeiger shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.
- BearAbout €933k of the stock changes hands on an average day. Counted for the bear side below €500k.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
Latest recorded score
- Recorded snapshots
- 35
- First snapshot
- 2026-08-26
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
No score factor changed beyond rounding between the comparable snapshots.
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 71.0
- 71.0
- 71.0
- 71.0
- 71.0
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 71.0 |
| 2026-08-27 | 71.0 |
| 2026-08-28 | 71.0 |
| 2026-08-31 | 71.0 |
| 2026-09-01 | 71.0 |
| 2026-09-02 | 71.0 |
| 2026-09-03 | 71.0 |
| 2026-09-04 | 71.0 |
| 2026-09-07 | 71.0 |
| 2026-09-08 | 71.0 |
| 2026-09-09 | 71.0 |
| 2026-09-10 | 71.0 |
| 2026-09-11 | 71.0 |
| 2026-09-14 | 71.0 |
| 2026-09-23 | 71.0 |
| 2026-09-24 | 71.0 |
| 2026-09-25 | 71.0 |
| 2026-09-28 | 71.0 |
| 2026-09-29 | 71.0 |
| 2026-09-30 | 71.0 |
| 2026-10-01 | 71.0 |
| 2026-10-02 | 71.0 |
| 2026-10-03 | 71.0 |
| 2026-10-04 | 71.0 |
| 2026-10-05 | 71.0 |
| 2026-10-06 | 71.0 |
| 2026-10-07 | 71.0 |
| 2026-10-08 | 71.0 |
| 2026-10-09 | 71.0 |
| 2026-10-12 | 71.0 |
| 2026-10-13 | 71.0 |
| 2026-10-14 | 71.0 |
| 2026-10-15 | 71.0 |
| 2026-10-16 | 71.0 |
| 2026-10-18 | 71.0 |
Sector context
- Buying breadth
- 8.4% (55 / 655 issuers)
- Sector rank
- #6 / 12
- 7D breadth change
- +0.3 pp · vs 2026-10-12 (6d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − DAX return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +3.6% | +3.6% | +3.6% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +6.2% | +6.2% | +6.2% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +17.6% | +17.6% | +17.6% |
| 120D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +1.4% | +1.4% | +1.4% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +3.6% | +3.6% | +3.6% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +6.2% | +6.2% | +6.2% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +17.6% | +17.6% | +17.6% |
| 120D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +1.4% | +1.4% | +1.4% |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 45.0%
- Beta
- 0.62
- Avg daily volume
- €787,139.6
VALUATION
- Market cap
- €632.8M
- P/E
- —
FUNDAMENTALS
- Profit margin
- -2.9%
- ROE
- -29.2%
- Industry
- Asset Management
Prices to 16 Oct 2026: price cache (Eulerpool). From OpenBB/yfinance, captured 15 Oct 2026: Market cap, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
The Bundesanzeiger register, read 18 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
Insiders paid 24.50 EUR a share on average (5 purchase lines, 5 buyers, 2026-04-23 – 2026-04-23). The close on 2026-10-15 was 0.8% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
0.00% · of estimated traded value in the same period
2026-09-18 – 2026-10-15 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 0 EUR
- Estimated market traded value
- 18,666,478 EUR
Market-data coverage: 506 verified sessions · Latest session: 2026-10-15 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Apr 23 · Johannes Laumann · Vorstand b) Erstmeldung122,500 EUR · 5.02%2,438,597 EUR ADTV
- Apr 23 · Jonah Friedrich · Vorstand b) Erstmeldung24,500 EUR · 1.00%2,438,597 EUR ADTV
- Apr 23 · Julia Friedrich · Vorstand b) Erstmeldung29,400 EUR · 1.21%2,438,597 EUR ADTV
- Apr 23 · Mark Friedrich · Vorstand b) Erstmeldung269,500 EUR · 11.05%2,438,597 EUR ADTV
- Apr 23 · Neela Friedrich · Vorstand b) Erstmeldung24,500 EUR · 1.00%2,438,597 EUR ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
No news has been captured for this company.
Regulatory filings
- Insider filing announcement · published 2026-06-24 · trade date 2026-06-19
- Insider filing announcement · published 2026-06-24 · trade date 2026-06-19
- Insider filing announcement · published 2026-04-27 · trade date 2026-04-23
Unfold all 19 filings
- Insider filing announcement · published 2026-06-24 · trade date 2026-06-19
- Insider filing announcement · published 2026-06-24 · trade date 2026-06-19
- Insider filing announcement · published 2026-04-27 · trade date 2026-04-23
- Insider filing announcement · published 2026-04-27 · trade date 2026-04-23
- Insider filing announcement · published 2026-04-27 · trade date 2026-04-23
- Insider filing announcement · published 2026-04-27 · trade date 2026-04-23
- Insider filing announcement · published 2026-04-27 · trade date 2026-04-23
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-13
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-09
- Insider filing announcement · published 2026-04-14 · trade date 2026-04-08
- Insider filing announcement · published 2025-12-15 · trade date 2025-12-09
- Insider filing announcement · published 2025-12-15 · trade date 2025-12-09
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
5 qualifying purchase disclosure(s) · 5 transaction line(s)
Unfold all 2 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-04-23 | 2026-04-27 | Johannes Laumann | Vorstand b) Erstmeldung | Erwerb von Aktien durch Ausübung von Bezugsrechten | Aktie | 24,50 EUR | EUR | 5000 | 122.500,00 EUR | Open filing |
| 2026-04-23 | 2026-04-27 | Neela Friedrich | Vorstand b) Erstmeldung | Erwerb von Aktien durch Ausübung von Bezugsrechten | Aktie | 24,50 EUR | EUR | 1000 | 24.500,00 EUR | Open filing |
Showing 5 of 5 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
View 14 other transaction(s)
Unfold all 11 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-04-09 | 2026-04-14 | Volker Rofalski | Aufsichtsrat b) Erstmeldung | Gewährung von 58.000 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Robin Laik | Vorstand b) Erstmeldung | Gewährung von 3.368.835 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Neela Friedrich | Vorstand b) Erstmeldung | Gewährung von 15.000 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Johannes Laumann | Vorstand b) Erstmeldung | Gewährung von 12.500 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Jonah Friedrich | Vorstand b) Erstmeldung | Gewährung von 15.000 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Julia und Mark Friedrich | Vorstand b) Erstmeldung | Gewährung von 43.500 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Julia Friedrich | Vorstand b) Erstmeldung | Gewährung von 6.000 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-09 | 2026-04-14 | Mark Friedrich | Vorstand b) Erstmeldung | Gewährung von 55.000 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2026-04-08 | 2026-04-14 | Lennart Schley | Vorstand b) Erstmeldung | Gewährung von 8.500 Bezugsrechten im Rahmen einer Bezugsrechtskapitalerhöhung | Anderes auf Aktie/Schuldtitel bez. FI | — | EUR | — | — | Open filing |
| 2025-12-09 | 2025-12-15 | Robin Laik | Vorstand b) Erstmeldung | Ausübung von Optionen aus dem Aktienoptionsplan 2019 gegen Cash-Settlement | Aktie | 16,10 EUR | EUR | 54402 | 875.872,20 EUR | Open filing |
| 2025-12-09 | 2025-12-15 | Johannes Laumann | Vorstand b) Erstmeldung | Ausübung von Optionen aus dem Aktienoptionsplan 2019 gegen Cash-Settlement | Aktie | 16,10 EUR | EUR | 27201 | 437.936,10 EUR | Open filing |
Showing 14 of 14 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- MUX.DE
- ISIN
- DE000A2NB650
- Sector
- Financial Services
- Industry
- Asset Management
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