MDRR CEO Kavanaugh purchased 40,000 shares at $15.00 amid 0-for-5 track record of poorly-timed buys at this ticker; stock down 14.1% in 90 days
Frank Kavanaugh, as Chairman, CEO & President, purchased 40,000 shares of Medalist Diversified at $15.00 on 2026-03-13, adding $600,000.00 in capital and bringing his holdings to 646,177 shares (+6.6% from prior holdings). The purchase occurs amid a concerning pattern: his prior 5 open-market buys at MDRR (all executed in December 2025) were uniformly ill-timed, with 0 of 5 showing positive 90-day returns, including declines ranging from -5.7% to -25.3% post-purchase. The current stock price of $11.60 is now -19.7% from the 52-week high and down -14.1% over the past 90 days. Additionally, the company posted negative net income of $-395,948.00 in its latest quarter and unprofitable full-year results, despite +6.8% annual revenue growth. This buy follows a clear pattern of poorly-timed purchases at the same ticker, raising questions about the timing or conviction behind the current transaction.