Adamas Trust (ADAM) Insider Lisa Pendergast Buys 14,238 Shares

On June 19, 2026, Lisa Pendergast joined a wide circle of insiders at Adamas Trust, Inc. (NASDAQ: ADAM) by acquiring 14,238 shares, according to a recent transaction report filed with the SEC.

Broad Participation in Adamas Trust Shares

Pendergast's acquisition was part of a highly coordinated wave of activity among the company's leadership. She added exactly 14,238 shares to her holdings. Because this transaction was filed as an acquisition rather than an open-market purchase, the reported purchase price was listed at zero dollars, indicating a stock grant or executive award.

Adamas Trust Stock Activity

On Tuesday, Adamas Trust shares were trading at $9.07. This price sits comfortably above the company's 52-week low of $6.45, though it remains below its 52-week high of $10.36. The stock is currently trading slightly below its 50-day moving average of $9.41, but remains above its longer-term 200-day moving average of $8.50. Investors often track these moving averages to gauge the medium-term momentum of the stock.

Recent Earnings

Adamas Trust reported solid financial health in its recent figures, showing total revenue of $381.7 million and a strong net margin of 52.96%. The mortgage real estate investment trust achieved a return on equity of 16.44% and posted earnings per share of $1.68. Investors can mark their calendars for October 28, 2026, when Adamas Trust is scheduled to release its next quarterly earnings report.

Adamas Trust Dividend Yield

Real estate investment trusts are highly favored by income investors, and Adamas Trust continues to support this preference. The company pays an annual dividend rate of $1.20 per share, which translates to a dividend yield of 13.47%. With a payout ratio of 57.14%, the company distributes a sustainable portion of its earnings back to its stockholders.

A Coordinated Wave of Insider Buying

Pendergast was far from the only insider making a move on June 19, 2026. Five other insiders—Audrey Greenberg, Gena Cheng, Steven Mumma, Steven Norcutt, and Michael Clement—each acquired exactly 14,238 shares on the very same day. None of these transactions were conducted under a pre-planned Rule 10b5-1 trading design, highlighting a collective and simultaneous increase in insider ownership.

Analysts Set New Price Targets

Wall Street analysts have closely monitored Adamas Trust. On September 17, 2026, Jones Trading maintained a Buy rating on the stock with a $10.00 price target. This follows similar confirmations from the firm throughout September and late July. Meanwhile, UBS maintained a Neutral rating on August 19, 2026, but raised its price target to $9.50. Across six analyst opinions, the stock carries a consensus hold rating and a mean price target of $12.12.

About Adamas Trust

Adamas Trust, based in New York, operates as a mortgage real estate investment trust. The company focuses on acquiring, investing in, and managing residential mortgage loans and mortgage-backed securities across the United States. Formerly known as New York Mortgage Trust, the firm rebranded in late 2025 to reflect its evolving investment portfolio.

What to Watch at ADAM

With multiple insiders acquiring shares in mid-2026, market observers will be watching the upcoming earnings release on October 28, 2026, to see if the business performance matches this internal confidence. While insider transactions can offer a window into how leadership views the company's valuation, they do not guarantee future stock performance.