GLT Magnera Corp Insider Trading

Magnera Director Marnick buys 4,000 shares at $12.38; cluster pattern with 3 insiders in 14 days amid -7.1% annual revenue decline

Director Samantha J. Marnick purchased 4,000 shares at $12.38 on 2025-06-05, establishing a position amid a significant cluster of insider buying activity—3 other insiders also bought within the past 14 days. The transaction occurs as the stock trades at -43.3% from its 52-week high of $22.99 and has declined -35.2% over 90 days, suggesting the purchase happened at substantially depressed price levels. However, the underlying business context is concerning: Magnera posted -7.1% annual revenue decline in the latest fiscal year and reported a net loss of $-41,000,000.00 in its most recent full fiscal year, indicating ongoing operational challenges. The coordinated insider buying activity at a severe valuation trough warrants attention as a contrarian signal, but the negative revenue trajectory and persistent unprofitability present material headwinds that investors should evaluate independently.

Director Curless buys 10.0K MAGN shares at $12.29; 3 other insiders bought within 14 days as stock down -35.2% in 90 days.

Director Michael S Curless purchased 10,000 shares at $12.29, establishing his first position in Magnera Corp, while the stock has declined -35.2% over the past 90 days and sits -43.3% below its 52-week high of $22.99. This purchase occurs within a cluster of 3 other insider buys in the past 14 days, suggesting coordinated activity. The company is currently unprofitable with net income of $-41.0M against quarterly revenue of $824.0M, and faces annual revenue headwinds of -7.1% year-over-year. The convergence of multiple director purchases during a period of significant stock depreciation warrants examination of management's underlying assessment of valuation and operational trajectory.

Director Brown Bruce bought 16,940 shares ($200.0K) at $11.81; holdings rose 5881.9% to 17,228 shares despite MAGN down 47.7% from 52-week high.

Director Brown Bruce purchased 16,940 shares at $11.81 on 2025-05-29, increasing his shareholding from 288 to 17,228 shares—a net increase of 5881.9% in absolute holdings. This occurs while Magnera Corp is down 47.7% from its 52-week high of $22.99 and down 41.7% over the 90-day period. The company reported negative net income of $-41.0M against revenue of $824.0M in the latest quarter, with full-year results also unprofitable and annual revenue declining 7.1% year-over-year. The timing and scale of this accumulation—converting a minimal prior position into meaningful equity ownership—warrants examination of whether this reflects director confidence in a valuation dislocation or other strategic considerations independent of near-term price action.

Director Salmon Tom bought 17,000 shares of MAGN at $11.94 (May 28), expanding holdings 93.0%, as stock trades -47.7% from 52-week high amid losses.

Director Salmon Tom purchased 17,000 shares at $11.94 on 2025-05-28, doubling his position from 18,289 to 35,289 shares (+93.0%). The transaction occurred as MAGN trades near its 52-week low relative to the high of $22.99, down 47.7% from peak. The company reported a net loss of $41.0M in the latest quarter against revenue of $824.0M, with annual revenue declining 7.1% year-over-year. The stock has declined 18.1% over the past 30 days and 41.7% over the past 90 days. The insider's substantial share acquisition at a depressed price level—when the company is unprofitable and experiencing revenue contraction—presents a mixed signal requiring attention to the board's underlying perspective on near-term recovery prospects.

Director Rickertsen buys 20,000 MAGN shares at $13.65; stock down 41.1% from 52-week high amid unprofitable fundamentals.

Director Carl J Rickertsen purchased 20,000 shares (20.0K shares) of Magnera Corp on 2025-05-15 at $13.65, increasing his holdings from 21,306 shares (21.3K shares) to 41,306 shares (41.3K shares)—a 93.9% increase in position size. The purchase occurs at a price 41.1% below the 52-week high of $22.99, and the stock has declined 39.8% over the past 90 days and 10.6% over the past 30 days. Magnera faces material headwinds: the company is unprofitable with a net loss of $41,000,000.00 ($-41.0M) in the most recent quarter, annual revenue has contracted 7.1% year-over-year, and the market cap stands at $482,380,000.00 ($482.4M). A cluster pattern is present, with 2 other insiders also buying within the past 14 days. Rickertsen's own cross-ticker record shows his 18 prior sells achieved a 72.22% well-timed rate at 90 days, but his buy timing has been inconsistent; his prior purchase at MAGN on 2025-02-27 showed a 30-day return of -10.1%, and across his open-market buy history, none of his prior buys at the 90-day mark were well-timed.

Director Fogarty buys 20,000 shares of MAGN at $15.15 for $302.9K, tripling stake to 31.5K shares amid -35.8% price decline from 52-week high.

Kevin Michael Fogarty, a director at Magnera Corp, purchased 20,000 shares at $15.15 on 2025-05-12, increasing his holdings from 11.5K to 31.5K shares—a 173.3% increase in his position. The purchase occurs with MAGN trading at $14.75 currently, down 35.8% from its 52-week high of $22.99 and having declined 31.6% over the past 90 days. Across his open-market history on all tickers, Fogarty's prior 3 buy transactions posted a 100.00% win rate with average 90-day returns of 692.2%, indicating a demonstrated pattern of disciplined entry timing. The company's fundamentals show recent stress—net income of -$41.0M against $824.0M revenue, with annual revenue declining 7.1% year-over-year—placing the purchase in a context of both valuation weakness and operational challenges that merit investor attention to motivations behind the large position increase.

MAGN CEO Begle Curt buys 20,275 shares at $14.01; stock down 38.6% from 52-week high amid company losses

Curt Begle, President & CEO of Magnera Corp, purchased 20,275 shares at $14.01 on 2025-05-09, increasing his holdings by 84.2% to 44,341 shares. This occurs while the stock is down 38.6% from its 52-week high of $22.99 and the company reported a net loss of $41,000,000 for the most recent full fiscal year against revenue of $824,000,000, with annual revenue declining 7.1%. Begle's cross-ticker track record shows 1 prior buy with an average 30-day return of -11.6%, and his prior MAGN purchase on 2025-02-11 also resulted in a -11.6% 30-day return. The timing pattern of 0 of 0 prior buys being well-timed at the 90-day mark provides no evidence of consistent buy timing accuracy, and the company's ongoing unprofitability alongside recent negative price momentum present material context for evaluating this transaction.

Director Rickertsen buys 20,000 shares of MAGN at $20.33 for $406,532; position grows 1531.4% to 21.3K shares

Director Carl J Rickertsen purchased 20,000 shares at $20.33 on 2025-02-27, expanding his holding from 1,306 shares to 21,306 shares—a 1531.4% increase in stake. The purchase occurred 10.4% below the 52-week high and during a 30-day uptrend of +9.7%, suggesting entry near recent strength. However, the backdrop is material: Magnera Corp is unprofitable (full-year net income was negative), posted a latest-quarter net loss of $-60.0M on $702.0M revenue, and faces -7.1% annual revenue contraction. The director's prior cross-ticker track record shows 18 sells with a 90d well-timed rate of 72.22%, indicating historical skill in exiting before declines, though this metric does not extend to same-ticker prediction. The scale of this single discretionary purchase—targeting a meaningful director stake—warrants investor attention given the company's fundamental headwinds.

CEO Begle Curt purchases 23.8K shares ($501.3K) at $21.08, raising stake 8495.0% to 24.1K shares amid -7.1% annual revenue decline and $-60.0M net loss.

CEO Curt Begle executed a substantial open-market purchase of 23,786 shares for $501,297.09, escalating his position from 280 shares to 24,066 shares—a net gain representing +8495.0% of prior holdings. This large absolute commitment occurs within a material deterioration backdrop: Magnera reported annual revenue decline of -7.1% and full-year net income of $-60,000,000, indicating the company is unprofitable and facing contracting top-line performance. The stock has gained 25.9% over 30 days and 32.6% over 90 days while trading at the high end of its 52-week range ($22.81, matching the $17.20–$22.81 band's upper bound), raising a question about the price context at which the CEO chose to commit over half a million dollars. While the magnitude of his position increase is notable, the timing—after significant recent appreciation and amid ongoing operational underperformance—warrants scrutiny of whether this reflects informed conviction or response to other considerations.

10% Owner Carlson Capital sold 2,470,309 shares (34.4% of holdings) at $1.42 avg price; stock now at $17.55, near 52-week lows.

Carlson Capital L P liquidated 2,470,309 shares across two separate transactions at prices of $1.65 and $1.40 on 2024-06-27 and 2024-06-28, reducing its stake from 7,176,000 to 4,705,691 shares. The divestiture is substantial—a 34.4% reduction—occurring at a blended average price of $1.42, well below the current price of $17.55 yet notably coinciding with the stock down 25.8% over 90 days and 16.7% over 30 days. Carlson's prior five trades at GLT were all buys between October 2023 and October 2023, each showing robust positive 90-day returns (918.3% to 1227.4%), suggesting a history of favorable timing on the long side at this ticker. The abrupt shift from consistent accumulation to a large-scale exit, combined with GLT's negative net income of $-26,347,000.00, declining annual revenue growth of -7.1%, and recent sharp downward price momentum, marks a notable directional change in this major shareholder's positioning.