MetLife Investment Management (10% owner) bought 840,000 shares at $25.00 for $21,000,000.00 on 2024-09-09
MetLife Investment Management, a 10% shareholder, executed 3 separate purchases totaling 840,000 shares for $21,000,000.00 at $25.00 per share on 2024-09-09. The current market price of $11.46 stands 4.7% below the 52-week high and 54% below the transaction price, indicating a substantial decline in valuation post-purchase. The insider's cross-ticker track record shows 6 prior buys with an average 30-day return of -100.0%, suggesting a pattern of unfavorable transaction timing across holdings. The post-transaction holding of 92,000 shares against a pre-transaction position of -748,000 shares reflects a significant portfolio adjustment, though the negative pre-position warrants clarification on the nature of prior obligations or short positions.