Robert Robotti has demonstrated a pronounced selling bias in his recent insider transactions, particularly concentrated in Tidewater Inc. (TDW), with occasional smaller acquisitions in AXR and TDW. Between May and July 2025, Robotti executed a series of high-value sales in TDW, including two transactions on May 15, 2024, totaling $18.3 million and two more on May 9, 2024, amounting to $16.6 million. These disposals were part of a broader trend—13 sales since mid-2024, dwarfing just two purchases in the same period. His largest single sale occurred on March 13, 2025, when he offloaded TDW shares worth $1 million. Smaller, periodic acquisitions—such as the $31,236 TDW purchase on October 1, 2025, and a $124,944 buy on June 6, 2024—appear to be routine or compensatory in nature, given their modest size relative to his divestments.
Robotti’s trading activity in TDW has been almost exclusively one-directional, with $75.1 million in total sales since 2024 compared to just $1.39 million in buys. His transactions in AXR, while less frequent, have been minimal in value, with no reported dollar amounts in filings dated December 31, 2024, and December 31, 2025. The data suggests a strategic reduction in his TDW position, particularly given the clustering of multi-million-dollar sales in May 2024. The absence of material buying activity outside small, periodic acquisitions reinforces a clear dispositional trend.
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