The CEO's first open-market purchase since at least the prior 30 days, combined with two director buys, is a modestly bullish signal despite the small dollar amount. The cluster occurs just after a significant earnings miss, suggesting insiders view the sell-off as overdone. Monitor for additional insider buying or a catalyst (e.g., acquisition update) that could validate this confidence.
Price Chart
Executive Summary
Three Granite Ridge insiders, including the CEO and two directors, made open-market purchases totaling $151K over two days following a Q1 2026 earnings miss (EPS of $0.02 vs. $0.09 consensus). The cluster buys represent ~0.02% of the $681M market cap, a trivial amount, but the CEO's participation and the timing just after a 77.8% EPS miss signal insider confidence in the company's outlook despite margin compression and lowered guidance.
Key Financial Metrics
Key Facts
- CEO Tyler Farquharson purchased 10,000 shares at $5.15 on May 13, 2026
- Director Matthew Reade Miller purchased 18,180 shares at $5.21 on May 13, 2026
- Director Michele J. Everard purchased 1,000 shares at $5.28 on May 14, 2026
- Total insider purchases: $151,498, representing ~0.02% of market cap
- Purchases occurred 6-7 days after Q1 2026 earnings miss (EPS $0.02 vs. $0.09 consensus)
- Q1 2026 revenue grew 4.4% YoY to $128.3M, but adjusted EBITDAX fell 22% to $71.0M
- 2026 guidance revised upward for acquisitions and per-unit lease operating expenses
- Quarterly dividend maintained at $0.11 per share
Financial Impact
$151K in open-market purchases, trivial relative to $681M market cap
Risk Factors
- Insider purchases represent only 0.02% of market cap, too small to signal strong conviction
- Q1 earnings miss of 77.8% and 22% EBITDAX decline suggest fundamental headwinds
- Guidance for higher per-unit lease operating expenses implies margin compression ahead
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GRNT-1778786185469 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 9w ago | EFFECT | $5.18 $4.94 | ▼ −4.63% | ▼ −2.68% | $5.82 (+12.36%) |
Jun 16, 2026 19w ago | Insider Cluster | $4.69 $4.61 | ▼ −1.71% | ▼ −1.91% | $5.82 (+24.09%) |
Jun 11, 2026 19w ago | Insider Cluster | $4.92 $4.57 | ▼ −7.11% | ▼ −8.89% | $5.82 (+18.29%) |
May 29, 2026 21w ago | Insider Cluster | $4.86 $4.44 | ▼ −8.64% | ▼ −6.85% | $5.82 (+19.75%) |
May 22, 2026 22w ago | 8-K | $5.52 $4.58 | ▼ −17.03% | ▼ −15.61% | $5.82 (+5.43%) |
May 22, 2026 22w ago | Insider Cluster | $5.52 $4.58 | ▼ −17.03% | ▼ −15.61% | $5.82 (+5.43%) |
May 20, 2026 22w ago | Insider Cluster | $5.65 $4.69 | ▼ −16.99% | ▼ −17.73% | $5.82 (+3.01%) |
May 13, 2026 23w ago | Insider Cluster | $5.09 $4.81 | ▼ −5.41% | ▼ −4.55% | $5.82 (+14.39%) |
May 7, 2026 24w ago | 8-K | $5.00 $4.81 | ▲ +3.80% | ▲ +3.82% | $5.82 (−16.40%) |
Apr 8, 2026 28w ago | DEFA14A | $5.62 $5.70 | ▲ +1.42% | ▼ −6.14% | $5.82 (+3.56%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers