Steven Norcutt Buys Over 14,000 Shares of ADAM
Insider buying activity was reported for ADAM with Steven Norcutt acquiring 14,238 shares.
Key Points
- Steven Norcutt purchased 14,238 shares of ADAM on June 19, 2026, as part of insider buying activity.
- Shares of ADAM traded near $8.94 on Tuesday with various institutional holdings reported.
- Analysts from Keefe, Bruyette & Woods and Jones Trading have maintained their ratings with targets of $9.0 and $9.5 respectively.
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Steven Norcutt, an insider at ADAM, bought 14,238 shares of the company on June 19, 2026. This transaction did not involve a planned trading program and comes as part of a series of insider purchases reported on the same date.
Other Institutional Activity in ADAM
BlackRock, Inc. reduced its holdings in ADAM by 149,632 shares, ending with 13,272,581 shares valued at about $97.7 million, reflecting a 1.1% decrease. Vanguard Capital Management LLC opened a new position with 3,787,445 shares worth approximately $27.9 million. State Street Corp increased its stake by 75,485 shares, bringing its total to 3,345,336 shares valued at around $25.4 million, a 2.3% increase. Invesco Ltd. slightly trimmed its holdings by 4,202 shares to 3,170,045 shares, valued at $23.3 million. Meanwhile, Allspring Global Investments Holdings, LLC reduced its position by 498,005 shares, ending with 2,867,614 shares worth $21.1 million, marking a 14.8% decrease.
Adamas Trust, Inc. Stock Down 7.4%
Shares of ADAM traded near $8.94 on Tuesday. The stock has seen various institutional activities and insider transactions recently. Analyst firms have maintained their ratings, providing price targets that suggest potential market movements.
$ADAM stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Adamas Trust, Inc.
Multiple insiders, including Steven Norcutt, Clement Michael, Mumma Steven, Cheng Gena, Pendergast Lisa, and Greenberg Audrey, each bought 14,238 shares of ADAM on June 19, 2026. These transactions were not part of any pre-planned trading agreements.
Analysts Set New Price Targets
On February 20, 2026, Keefe, Bruyette & Woods maintained a 'hold' rating on ADAM with a price target of $9.0. On the same day, Jones Trading maintained a 'buy' rating with a target of $9.5. Earlier in the year, on January 6, B. Riley Securities reinstated a 'buy' rating with a $9.0 target.
Bottom Line
The insider buying activity at ADAM by Steven Norcutt and others might interest investors tracking corporate governance and insider confidence. While the shares were trading near $8.94, the recent institutional movements and analyst ratings provide a broader context of the stock's current standing. As always, it's important to remember that these filings reflect past actions and may not indicate 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.