Michael Clement Acquires Shares of ADAM
Michael Clement purchased 14,238 shares of ADAM on June 19, 2026.
Key Points
- Michael Clement bought 14,238 shares of ADAM on June 19, 2026.
- Shares of ADAM traded near $8.94 on Tuesday.
- Institutional investors like BlackRock and Vanguard also adjusted their positions in ADAM.
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Michael Clement purchased 14,238 shares of ADAM on June 19, 2026. The transaction was not planned under a Rule 10b5-1 trading plan. This move comes as part of several insider transactions within the company on the same day.
Insider Buying and Selling at Adamas Trust, Inc.
On June 19, 2026, multiple insiders, including Michael Clement, Steven Norcutt, Steven Mumma, Gena Cheng, Lisa Pendergast, and Audrey Greenberg, each bought 14,238 shares of ADAM. These transactions were not part of a prearranged trading plan.
Other Institutional Activity in ADAM
Several institutional investors have recently adjusted their holdings in ADAM. BlackRock, Inc. reduced its position by 149,632 shares, leaving it with 13,272,581 shares valued at approximately $97.7 million. Vanguard Capital Management LLC opened a new position with 3,787,445 shares worth about $27.9 million. State Street Corp increased its holdings by 75,485 shares, ending with 3,345,336 shares valued at $25.4 million. Invesco Ltd. slightly trimmed its stake by 4,202 shares, holding 3,170,045 shares worth $23.3 million. Meanwhile, Allspring Global Investments Holdings, LLC significantly cut its position by 498,005 shares, retaining 2,867,614 shares valued at $21.1 million.
Analysts Set New Price Targets
On February 20, 2026, Keefe, Bruyette & Woods maintained a hold rating on ADAM with a price target of $9.00. On the same day, Jones Trading maintained a buy rating with a target of $9.50. Earlier, on January 6, 2026, B. Riley Securities reinstated coverage with a buy rating and a $9.00 price target.
About ADAM
ADAM operates in the financial services sector, focusing on providing various investment solutions. The company is headquartered in the United States and works to offer diverse financial products and services to its clients.
Bottom Line
Insider buying activity at ADAM highlights a potential show of confidence from within the company. The adjustments by institutional investors indicate varying levels of interest and strategy in ADAM's stock. As always, it's crucial to remember that these filings reflect past actions and may not represent current positions.
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