Richard A. Novak is CAO at FEDERATED INVESTORS INC /PA/ (FII). They have made 39 open-market trades across 2 companies since 2013, most recently 2026-03-05.
CIK 0001352542
Unrated. We grade insiders only on stock they chose to buy on the open market. Grants, option exercises and vesting say nothing about timing, so they don't count — which is why someone can file often and still have no grade. It isn't a bad sign: unrated buys beat every graded tier below A.
0 open-market purchases, against 39 sales. Too few scored purchases to measure a record yet.
| Ticker | Shares | Value |
|---|---|---|
| FHI | 45,209 | $2.5M |
| FII | 48,180 | $1.7M |
| Total | $4.3M |
Shares reported on the most recent Form 4, priced at the 2026-03-06 close.
Counted per filing, not per execution lot — a purchase filled in several tranches is one decision.
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| FHI | SELL | 2026-03-05 | 2026-03-06 | $56.49 | $49K | +1.7% | +4.6% | +3.5% |
| FHI | SELL | 2026-02-17 | 2026-02-18 | $55.25 | $774K | +2.8% | +1.3% | -3.1% |
| FHI | SELL | 2025-11-19 | 2025-11-20 | $47.85 | $120K | +6.0% | +12.2% | +17.5% |
| FHI | SELL | 2025-03-04 | 2025-03-06 | $38.25 | $33K | +1.5% | -6.5% | +9.4% |
| FHI | SELL | 2024-11-19 | 2024-11-20 | $41.47 | $113K | +2.2% | -1.2% | -7.3% |
| FHI | SELL | 2024-03-05 | 2024-03-07 | $36.07 | $33K | -0.7% | +3.0% | -8.7% |
| FHI | SELL | 2023-11-20 | 2023-11-21 | $31.98 | $44K | +2.0% | +7.3% | +11.1% |
| FHI | SELL | 2023-03-07 | 2023-03-07 | $39.39 | $39K | -1.1% | +0.4% | -10.3% |
| FHI | SELL | 2022-11-25 | 2022-11-29 | $37.52 | $1.4M | -3.8% | -3.0% | +3.4% |
| FHI | SELL | 2022-11-17 | 2022-11-18 | $36.76 | $42K | +1.5% | -4.6% | +6.7% |
| FHI | SELL | 2022-03-07 | 2022-03-08 | $31.09 | $30K | +8.3% | +3.7% | +10.1% |
| FHI | SELL | 2021-11-17 | 2021-11-18 | $34.88 | $41K | -1.4% | +6.0% | +0.8% |
| FHI | SELL | 2021-03-08 | 2021-03-09 | $30.19 | $24K | +0.8% | +3.5% | +8.2% |
| FHI | SELL | 2020-11-18 | 2020-11-19 | $28.38 | $31K | +2.1% | +8.3% | +5.4% |
| FHI | SELL | 2020-03-09 | 2020-03-09 | $24.49 | $17K | -22.5% | -16.7% | +10.8% |
| FII | SELL | 2019-11-11 | 2019-11-12 | $33.59 | $793K | -1.0% | +3.2% | N/A |
| FII | SELL | 2019-11-04 | 2019-11-05 | $32.89 | $41K | -2.3% | -1.5% | N/A |
| FII | SELL | 2019-03-05 | 2019-03-06 | $29.77 | $15K | +2.0% | +3.7% | +6.6% |
| FII | SELL | 2018-11-02 | 2018-11-05 | $25.02 | $28K | +2.8% | +2.1% | +6.4% |
| FII | SELL | 2018-03-07 | 2018-03-08 | $34.20 | $12K | -1.8% | -6.2% | -29.0% |
| FII | SELL | 2017-11-02 | 2017-11-03 | $31.46 | $24K | -2.6% | +8.1% | +13.5% |
| FII | SELL | 2017-08-02 | 2017-08-04 | $28.00 | $7K | -2.5% | -4.1% | +13.6% |
| FII | SELL | 2017-06-23 | 2017-06-27 | $27.70 | $75K | +3.4% | +3.8% | +4.8% |
| FII | SELL | 2017-03-06 | 2017-03-07 | $26.53 | $6K | -3.0% | -1.9% | -0.8% |
| FII | SELL | 2016-11-02 | 2016-11-04 | $25.88 | $18K | +8.2% | +10.6% | +2.5% |
Grouped by shared companies and similar filing behaviour. This is a similarity measure, not a ranking or a performance signal.