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EdgarHawk

Dury Michael R.

CEO of Merchants Capital

Officer
7 filings analyzed · 1 company · Latest 2025-11-03

Companies

Company Buys Sells Direction
Merchants Bancorp MBIN 11 0 Net buying

Activity

November 2025
2025-11-03 Merchants Bancorp MBIN
high
Buy
15,500 shares
$490,420
Significance 7/10

CEO Dury Michael R. purchases 15,500 MBIN shares at $31.64; extends 5-trade buying pattern at company with P/E 5.68.

Michael R. Dury, CEO of Merchants Capital, acquired 15,500 shares at $31.64, increasing his holdings by 12.6% to 138,074 shares. This buy extends a notable pattern: all 5 of his prior trades at MBIN have demonstrated well-timed execution at the 90-day mark, with positive average 90-day returns of +3.6% (computed from the 5 prior buy outcomes: +1.7%, +3.0%, +0.6%, +4.6%, +2.9%). The underlying fundamentals remain conservative, with the company trading at a P/E of 5.68 and current price $31.36 down -27.9% from its 52-week high of $43.49. The accumulation by the CEO at this valuation, while consistent with his prior transaction discipline at this ticker, warrants monitoring for whether this pattern of well-timed entries continues or if the recent weakness represents a different market dynamic.

July 2025
2025-07-31 Merchants Bancorp MBIN
high
Buy
16,000 shares
$504,936
Significance 7/10

CEO Dury Michael R. bought 16,000 shares at avg $31.56, +15% position increase; stock down 44.3% from 52-week high of $52.59.

Dury Michael R., CEO of Merchants Capital, executed 2 separate purchases totaling 16,000 shares for $504,936.35 on 2025-07-30 at a blended average price of $31.56. This increased his holdings by 15.0% to 122,574 shares. The timing is notable: MBIN is trading at $29.30 versus a 52-week high of $52.59 (-44.3%), and the stock has declined 15.1% over the past 30 days. Examining his prior MBIN trades, 4 of his 5 previous purchases showed positive 90-day returns, indicating a historical pattern of well-timed accumulation at this ticker. His cross-ticker track record shows 55.56% win rate over 90 days with an average 90-day return of +11.7%, suggesting some selectivity in entry points. The current purchase near a 52-week low, coupled with his track record of timing entry points favorably at MBIN and strong fundamentals (P/E 4.61, net income $58.2M), contrasts sharply with recent price weakness and warrants investor attention to both the underlying business health and his conviction to increase stake materially.

May 2025
2025-05-02 Merchants Bancorp MBIN
medium
Buy
3,305 shares
$101,992
Significance 5/10

CEO Dury bought 3,305 shares at $30.86 on 2025-05-01; stock down 40.5% from 52-week high of $52.59

Michael R. Dury, CEO of Merchants Capital, purchased 3,305 shares at $30.86, bringing his total holdings to 106,574 shares. The stock is currently trading 40.5% below its 52-week high and has declined 25.3% over the past 90 days, suggesting deteriorating momentum despite the purchase. At MBIN specifically, Dury's prior buy on 2024-11-21 delivered a 90-day gain of 9.2%, while his 2024-08-05 purchases returned -7.1% and -5.6% over the same horizon—indicating mixed execution at this ticker. The purchase occurs at a valuation of P/E 4.18 and $1.4B market cap, but momentum and recent performance trends warrant closer monitoring of whether this accumulation reflects underlying operational improvement or is simply adding to a declining position.

2025-05-01 Merchants Bancorp MBIN
medium
Buy
5,200 shares
$157,002
Significance 5/10

CEO Dury bought 5,200 shares at $30.19 blended; stock down 41.6% from 52-week high, trading near 52-week low.

CEO Michael R. Dury of Merchants Capital executed 2 separate purchases on 2025-04-30, acquiring 5,200 shares for $157,002.40 ($157.0K), raising his holdings from 98,069 to 103,269 shares. The purchases occurred at $29.89 and $30.37, yielding a blended average of $30.19, which is just 0.14% above the current price of $30.72 — indicating the transaction occurred during intra-day weakness. Context is critical: the stock has declined 41.6% from its 52-week high of $52.59, with a 30-day return of -16.6% and 90-day return of -26.7%, situating this purchase near the bottom of the stock's recent range ($30.08–$52.59). At Merchants Bancorp specifically, Dury's 4 measurable prior buys yielded only 1 well-timed outcome at the 90-day mark (25% success rate), a pattern that extends to his cross-ticker track record of 33.33% win rate over 90 days. The purchase coincides with a sub-5.0 P/E valuation (4.10) and $61.3M in net income, suggesting a financially sound but depressed equity; however, historical timing accuracy does not support confidence that this entry point will prove prescient.

November 2024
2024-11-22 Merchants Bancorp MBIN
high
Buy
2,700 shares
$105,867
Significance 6/10

CEO Dury purchases 2,700 shares of MBIN at $39.21; stock down 21.9% from 52-week high, 3 other insiders bought in past 14 days.

Michael R. Dury, CEO of Merchants Capital, purchased 2,700 shares at $39.21 on 2024-11-21, adding to his stake of 96,493 shares post-transaction. The current price of $41.09 sits -21.9% from the 52-week high and down 8.1% in the past 30 days, reflecting meaningful recent weakness. Notably, 3 other insiders also bought within the past 14 days, forming a cluster buy pattern at depressed valuations. At an enterprise valuation of $1.9B with net income of $61.3M and a P/E of 6.23, the company trades at historically low multiples. Dury's prior trades at MBIN show mixed timing results—his August 2024 buys posted 14.9% and 13.0% 30-day gains but turned negative over 90 days, while his November 2023 buy captured a 139.5% 90-day return. The convergence of cluster activity, historically depressed valuation, and recent stock weakness sets up a test of whether insiders see fundamental recovery potential or are simply averaging down in a prolonged decline.

August 2024
2024-08-05 Merchants Bancorp MBIN
high
Buy
5,200 shares
$201,293
Significance 7/10

CEO Dury Michael R. bought 5,200 shares of MBIN in 2 transactions totaling $201,293.00 on 2024-08-05; holdings rise to 93,793 shares.

Dury Michael R., CEO of Merchants Capital, executed 2 separate purchases totaling 5,200 shares (5.2K shares) for $201,293.00 ($201.3K) at a blended average price of $38.71 on 2024-08-05. This represents a +5.9% increase in his pre-transaction holdings of 88,593 shares. The timing context is notable: the current price of $39.57 is -24.8% from the 52-week high and down -15.8% over the prior 90 days, positioning this purchase in a period of price weakness. His cross-ticker track record shows 3 prior buys with an exceptional 90-day win rate of 100.00% and average 90-day return of +139.5%, though at this specific ticker (MBIN), he has 1 prior measurable buy from 2023-11-02 that posted +139.5% over 90 days—a single well-timed data point. The company trades at a P/E of 5.51 with net income of $87,054,000.00 ($87.1M), suggesting a significantly undervalued profile relative to reported earnings and market capitalization of $1,715,546,191.26 ($1.7B).

July 2024
2024-07-31 Merchants Bancorp MBIN
high
Buy
6,000 shares
$268,944
Significance 7/10

CEO Michael R. Dury purchased 6,000 MBIN shares for $268,944 on 2024-07-31; prior same-ticker buy at MBIN returned +87.7% in 30 days and +139.5% in 90 days.

CEO Michael R. Dury executed 2 separate purchases totaling 6,000 shares for $268,944.00 at an average price of $44.82 on 2024-07-31, increasing his holdings by 7.3% to 88,593 shares. His prior purchase at MBIN on 2023-11-02 delivered strong returns: +87.7% in 30 days and +139.5% in 90 days. The current stock price of $45.00 sits 14.4% below the 52-week high of $52.59 and has risen 9.9% over the past 30 days and 4.6% over 90 days. The company trades at a notably low P/E of 6.27 with $87.1M in net income and a $2.0B market cap. The CEO's repurchase at similar price levels, following a prior buy with exceptional subsequent performance, adds weight to the transaction signal in a value context.

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