Adamas Trust (ADAM) Insider Steven Norcutt Buys 14,238 Shares
Steven Norcutt and several peers picked up shares of Adamas Trust on June 19, 2026, joining a wave of insider purchases.
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Steven Norcutt bought 14,238 shares of Adamas Trust, Inc. ($ADAM) on June 19, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $ADAM is up 7.4% after 1 week, down 0.3% after 1 month and down 10.8% to date (from the $8.56 close on Jun 18, 2026).
ADAM
Adamas Trust, Inc.
Key Points
- Steven Norcutt acquired 14,238 shares of Adamas Trust Inc. on June 19, 2026, matching identical purchases by several other company leaders.
- The mortgage real estate investment trust trades near $9.07, sitting between its 52-week low of $6.45 and high of $10.36.
- Wall Street coverage includes recent notes from Jones Trading and UBS alongside a mean target price of $12.12.
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Insider Buying and Selling at Adamas Trust, Inc.
Steven Norcutt joined a group of company leaders buying shares of Adamas Trust Inc. (NasdaqGS: ADAM) on June 19, 2026. The filing shows an acquisition of 14,238 shares, mirroring coordinated buying interest across the executive ranks of the mortgage real estate investment trust.
Group Insider Buying Wave at Adamas Trust
The transaction did not happen in isolation, as several other figures made identical moves on the exact same day. Audrey Greenberg, Lisa Pendergast, Gena Cheng, Steven Mumma, and Michael Clement each picked up 14,238 shares of Adamas Trust on June 19, 2026. This collective wave highlights broad participation from the leadership team as they increase their personal holdings in the firm.
ADAM Stock Sits in Middle of 52-Week Range
Shares of the mortgage REIT changed hands around $9.07 on Tuesday, giving the company a market value close to $801.7 million. The equity trades comfortably above its 52-week low of $6.45 while staying below its peak of $10.36. Market participants also track its 50-day moving average at $9.41 and its 200-day trend line at $8.50.
Analysts Set New Price Targets
Research firms have kept active coverage on the company through the summer and early fall. Jones Trading kept a buy rating in place on September 17, 2026, with a $10.00 price target, following prior reiterations earlier in the month and on July 30. Earlier in August, UBS maintained a neutral stance while adjusting its target to $9.50. Across the broader professional community, six analysts hold a consensus view on the equity.
Adamas Trust Business Focus
Formerly known as New York Mortgage Trust, the New York-based enterprise operates as a real estate investment trust. It acquires, finances, and manages residential and commercial mortgage assets, including agency and non-agency securities, business purpose loans, and multi-family property investments.
What to Watch Next for ADAM
The company is scheduled to share its next round of financial results on October 28, 2026. Observers will monitor whether further Form 4 filings reveal additional insider transactions following the June buying spree.
Related Filing Alerts
Source: Steven Norcutt's Form 4 filing on $ADAM (Jun 19, 2026). Find the original filing: ADAM Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts