BamSEC Review – Is This Tool Worth Using?

BamSEC is a straightforward, however highly effective software for researching an organization’s SEC filings. The platform categorizes findings so you possibly can simply see the newest updates from firms you’re watching. It additionally affords database-wide searches and alerts so you should use SEC filings to get a leg up on different merchants and traders.

BamSEC is costly in comparison with different SEC submitting search instruments. Nonetheless, it additionally affords extra information and higher search instruments. Our BamSEC assessment will aid you determine if this platform is best for you.

BamSEC Pricing Choices

BamSEC prices $828 per 12 months. There isn’t any month-to-month subscription possibility. You’ll be able to check out the software program without spending a dime for 7 days (bank card required).

BamSEC Options

Firm Filings

BamSEC lets you seek for any firm registered with the SEC, together with OTC and penny shares. You’ll be able to view filings damaged down by class or in chronological order. Classes embrace financials (10-Ok and 10-Q filings), information (8-Ok filings), prospectuses and registrations (together with S-1, S-3, and S-8 filings), possession (Kind 4 and 13G filings), and proxies (14A filings). Whether or not viewing filings by sort or date, you possibly can shortly enter a customized filter that runs a search of the textual content contained in all of the paperwork.

BamSEC additionally makes use of submitting information to interrupt down an organization’s possession. You’ll be able to view current filings for all firm insiders and institutional house owners. There’s additionally a listing of current insider transactions, which you’ll filter by insider and whether or not the transaction occurred on the open market or by a Rule 10b5-1 transaction.

Notably, BamSEC additionally pulls key displays from firms’ SEC filings and organizes them into searchable lists. These displays embrace credit score agreements, indentures, merger and acquisition agreements, and underwriting agreements for share choices. 

One other neat characteristic is you can spotlight textual content in any doc in BamSEC, and the platform will robotically save that highlighted textual content. While you return to an organization’s web page, you possibly can shortly pull up the entire sections of textual content you’ve highlighted from that firm’s filings. It is a good approach to hold observe of attention-grabbing findings in the event you spend time analyzing an organization, then return to it months later after a brand new quarterly monetary submitting is launched.

Doc Search

Some of the highly effective options of BamSEC is its database-wide doc search. You’ll be able to seek for any phrase, and BamSEC will immediately return a listing of all firms which have filings that include that phrase.

By default, outcomes are organized in keeping with which firms have essentially the most filings that include your search time period. You’ll be able to select a time restrict starting from three months to all-time for what filings to incorporate. Alternatively, you too can view outcomes as particular person filings organized in chronological order.

In both case, BamSEC allows you to filter your outcomes by market cap, trade, and submitting varieties. You can even restrict your search to solely firms which are in your BamSEC watchlist.

Current Filings

If you wish to view all current filings by sort, you are able to do that, too. BamSEC affords chronological lists of latest securities registrations (together with S-1 filings), secondary securities choices (S-3 and S-8 filings), proxy paperwork, and late filings. You’ll be able to filter these lists by firm market cap and trade.

Importantly, BamSEC doesn’t record new 10-Ok and 10-Q monetary filings or new 8-Ok information filings.

Alerts

BamSEC affords two methods to obtain e mail alerts about new filings of curiosity.

First, you possibly can activate alerts for particular forms of filings throughout all firms that BamSEC displays. For instance, anytime a brand new 8-Ok kind is filed by any firm, you possibly can obtain a notification. You’ll be able to filter these alerts by market cap or trade. Helpfully, BamSEC offers you an estimate of what number of emails per week you’ll obtain to your chosen alert.

You can even activate alerts for a selected phrase. You’ll be able to enter a customized phrase after which filter alerts by market cap, trade, or submitting sort.

BamSEC Customization and Format

BamSEC allows you to add firms to a private watchlist. Filings inside the final 30 days by your watchlisted firms are displayed on BamSEC’s dashboard. You’ll be able to customise which forms of filings from every firm to show on this feed. You can even activate e mail alerts for brand spanking new filings from any of your watchlisted firms.

BamSEC Platform Differentiators

BamSEC makes it easy to retrieve information from company SEC filings. Whereas this information is accessible without spending a dime within the SEC’s EDGAR database, BamSEC organizes it and makes it searchable.

Essentially the most spectacular characteristic BamSEC affords is its database-wide textual content search. You’ll be able to seek for a phrase throughout all SEC filings and get leads to a second. There are API-based instruments that may additionally do that, like SEC-API, however they’re considerably extra advanced to make use of. The flexibility to create text-based alerts can be helpful for traders who need to observe a selected firm, market development, or occasion.

BamSEC additionally makes it easy to identify new filings, particularly for firms in your watchlist. It is a main benefit over competing instruments like FlashSEC, which doesn’t provide a listing of latest filings or any alerts.

One disadvantage to BamSEC is that though it affords details about shelf registrations and secondary choices, it doesn’t do a lot to assist traders analyze these filings. In distinction, Dilution Tracker, one other software that analyzes SEC filings, is designed particularly to assist traders perceive an organization’s historical past of share dilutions.

What Sort of Dealer is BamSEC Finest For?

BamSEC is a robust platform for merchants who need to use SEC filings to get a leg up available on the market. Merchants can use BamSEC’s watchlist and alerts to remain forward of the curve when an organization points a brand new 8-Ok submitting or shelf providing, or when there’s a big insider transaction. They will additionally use BamSEC’s search alerts to observe particular market traits or monetary information occasions.

BamSEC may be very costly in comparison with various instruments for looking SEC filings. It prices almost twice as a lot per 12 months as FlashSEC and virtually $250 extra per 12 months than SEC-API.  Nonetheless, it affords extra performance than FlashSEC and is simpler to make use of than SEC-API, so BamSEC may be value it if in case you have a considerable amount of capital and might use the platform’s alerts to your benefit.