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.