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EdgarHawk

CARV CARVER BANCORP INC Insider Trading

5 filings analyzed · Latest 2024-12-06
Insider buys
5
Insider sells
0
Unique insiders
5
Direction
Net buying

Historically, high-priority insider buys have outperformed the S&P 500 by a median ~2% over the 30 days after filing — the edge is concentrated in that first month (n ≈ 5,751, 2021-2026). Past results don't predict the future. How we measure this ↗

December 2024
2024-12-06
high
President and CEO
26,946 shares
$45,000
@ $1.67
Significance 7/10

CEO Felix Donald buys 26,946 shares at $1.67; 4-insider cluster within 14 days; company unprofitable at $-2.1M annual net income

Felix Donald, President and CEO, purchased 26,946 shares at $1.67 on 2024-11-25, establishing his first measurable shareholding. This transaction coincides with a cluster pattern: 4 other insiders also bought within the past 14 days, suggesting coordinated or consensus-driven activity at the executive level. The context is material: CARV has reported negative net income of $-2.1M over its most recent full fiscal year and lacks recent profitability despite flat revenue growth of 2.0%. The stock currently trades at $1.83, approximately 19.7% below its 52-week high of $2.28, and the company's market cap is $9.4M. This cluster purchase by multiple insiders during an unprofitable period warrants careful examination of what prompted the simultaneous accumulation.

November 2024
2024-11-27
high
8,982 shares
$15,000
@ $1.67
Significance 6/10

Director Jackson Pazel Jr buys 8,982 shares of CARV at $1.67; 4 other insiders also bought within 14 days as company struggles with $-2.1M net loss.

Jackson Pazel Jr, a director, purchased 8,982 shares at $1.67 on 2024-11-25, increasing his holdings by 142.0% from 6,326 to 15,308 shares. This transaction occurs within a cluster pattern: 4 other insiders also bought within the past 14 days, suggesting coordinated accumulation during a period of operational difficulty. The company reported a net income of $-2.1M in its most recent full fiscal year and remains unprofitable, with quarterly revenue of $711,000.00 and a market cap of $9.4M. The stock is trading at $1.83, down 21.8% from its 52-week high of $2.34, though up 1.7% over the past 30 days. The multi-insider buy cluster during financial distress warrants investor attention to whether this reflects management conviction in recovery or other strategic positioning within a micro-cap financial institution.

2024-11-27
high
11,976 shares
$20,000
@ $1.67
Significance 6/10

Director Colvin buys 11,976 shares of CARV at $1.67; company unprofitable with -$2.1M net income; 4 other insiders bought in 14 days

Grannum Colvin, a Director, purchased 11,976 shares at $1.67, raising his holdings from 1,740 to 13,716 shares—an increase of 688.3%. This purchase coincides with a broader cluster pattern: 4 other insiders also bought within the past 14 days. However, the company's fundamentals present a complicating factor. Carver Bancorp reported a net loss of $-2.1M over its most recent full fiscal year, with Q latest revenue of $711.0K but negative profitability. The stock is currently trading at $1.83, down 21.8% from its 52-week high of $2.34. The coordinated purchasing activity across multiple insiders against a backdrop of persistent unprofitability and elevated leverage (minimal $9.4M market cap) warrants examination of whether this represents informed conviction or a coordinated response to distressed valuation.

2024-11-27
high
59,880 shares
$100,000
@ $1.67
Significance 6/10

Director MacKay Craig C bought 59,880 shares of CARV at $1.67 on 2024-11-25 ($100.0K); cluster pattern with 4 other insiders buying within 14 days.

MacKay Craig C purchased 59,880 shares at $1.67, increasing his holdings from 5,000 to 64,880 shares—a +1197.6% increase. This represents a substantial commitment to the company, with the transaction value reaching $100.0K. The purchase coincides with a cluster of 4 other insider buys within the past 14 days, suggesting coordinated insider activity. However, this must be contextualized against fundamentals: the company posted quarterly revenue of $711.0K and net income of $-2.1M, with full-year net income negative, and a market cap of only $9.4M. While MacKay's prior buy at CARV in February 2024 achieved a +9.6% 90-day return, the current stock price of $1.83 is -21.8% below the 52-week high and down -6.9% over 90 days, indicating deteriorating momentum since the timing pattern of his earlier purchase.

2024-11-27
high
8,982 shares
$15,000
@ $1.67
Significance 7/10

Director Knuckles Kenneth bought 8,982 shares ($15.0K) of CARV at $1.67; 4 other insiders also bought in past 14 days amid -$2.1M net loss.

Knuckles Kenneth purchased 8,982 shares at $1.67, increasing his stake from 1,000 to 9,982 shares—a 898.2% increase relative to pre-transaction holdings. This transaction is part of a cluster pattern: 4 other insiders also bought within the past 14 days, suggesting coordinated accumulation at the management level. The underlying context is material: CARVER BANCORP is unprofitable with a net loss of $-2.1M over its most recent full fiscal year and quarterly revenue of $711,000.00. The stock trades at $1.83 currently, down 21.8% from its 52-week high of $2.34, placing it near the lower bound of the 52-week range ($1.29–$2.34). The cluster buying pattern during a period of depressed valuation and operational losses warrants investor scrutiny of management's apparent confidence signal against the company's documented financial distress.

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