Steven Mumma Acquires Shares in ADAM
Steven Mumma purchased 14,238 shares of ADAM on June 19, 2026.
Key Points
- Steven Mumma purchased 14,238 shares of ADAM on June 19, 2026, as part of an insider buying activity.
- ADAM's stock traded at $8.94 on Tuesday, with recent analyst ratings from Keefe, Bruyette & Woods and Jones Trading maintaining hold and buy stances.
- Institutional activity showed BlackRock reducing its holdings by 149,632 shares, while Vanguard Capital Management opened a new position with 3,787,445 shares.
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On June 19, 2026, Steven Mumma purchased 14,238 shares of ADAM, part of a series of insider transactions that included several other executives. The transactions were not part of any prearranged trading plan.
Other Institutional Activity in ADAM
In recent institutional activity, BlackRock, Inc. reduced its holdings in ADAM by 149,632 shares, bringing its total to 13,272,581 shares valued at approximately $97.7 million. Meanwhile, Vanguard Capital Management LLC opened a new position, acquiring 3,787,445 shares worth about $27.9 million. State Street Corp increased its stake by 75,485 shares to a total of 3,345,336 shares, valued at around $25.4 million. Conversely, Invesco Ltd. slightly trimmed its holdings by 4,202 shares, maintaining a position of 3,170,045 shares worth approximately $23.3 million. Allspring Global Investments Holdings, LLC significantly reduced its position by 498,005 shares, leaving it with 2,867,614 shares valued at $21.1 million. Mirae Asset Global ETFs Holdings Ltd. added 179,484 shares, bringing its total to 2,563,900 shares valued at $18.9 million.
Adamas Trust, Inc. Stock Down 7.4%
Shares of ADAM traded near $8.94 on Tuesday. The company's stock has been under recent scrutiny by analysts, with a market cap and other financial metrics not disclosed in the current data.
$ADAM stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On February 20, 2026, Keefe, Bruyette & Woods maintained their hold rating on ADAM, setting a price target of $9.00. On the same day, Jones Trading also maintained a buy rating with a target of $9.50. Earlier, on January 6, 2026, B. Riley Securities reinstated their buy rating with a target of $9.00.
Insider Buying and Selling at Adamas Trust, Inc.
The insider buying activity on June 19, 2026, included several executives, each purchasing 14,238 shares. Among them were Clement Michael, Norcutt Steven, Mumma Steven, Cheng Gena, Pendergast Lisa, and Greenberg Audrey. These purchases were not part of any planned trading strategy, indicating personal investment decisions.
About ADAM
ADAM operates within a sector and industry not specified in the current data. The company is involved in activities undisclosed in the information provided, with no specific details on its headquarters, CEO, or employee count.
Bottom Line
Steven Mumma's recent purchase of ADAM shares highlights ongoing insider interest in the company. Institutional investors have shown varied activity, with some reducing and others increasing their stakes. Analysts maintain mixed ratings, with recent price targets reflecting cautious optimism. As always, these insights are based on past data and do not predict future performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.