The $193K buy by a 10% owner is notable in context of GTE's recent insider buying pattern ($828K over 30 days), but the amount is sub-material relative to market cap. Traders should not overweight this signal; instead, monitor for a C-suite officer open-market purchase or a step-up in buy size above $0.5M to confirm conviction. Neutral until broader fundamental catalysts emerge.
Price Chart
Executive Summary
10% owner LM Asset Management Inc. acquired $193K of GTE common stock at $6.04/share in an open-market purchase. This is a passive-majority insider's second conviction buy in the last 30 days, bringing the trailing 30-day insider total to $828K. While the dollar amount is modest relative to GTE's $221M market cap (~0.09%), the consistency of insider buying at these levels suggests a value-oriented view by a large holder.
Key Financial Metrics
Key Facts
- LM Asset Management, a 10% owner, bought 32,000 shares at $6.04 on June 25, totaling $193K
- This is the 3rd insider purchase in the past 30 days, cumulatively $828K
- Purchase represents ~0.09% of GTE's $221M market cap — below the 0.1% materiality threshold
- Insider is a 10% owner, not a C-suite executive; the Cohen/Malloy/Pomorski 2012 signal is weaker for non-C-suite buys
Financial Impact
$193K open-market purchase, ~0.09% of market cap — near-routine in absolute size
Risk Factors
- Single insider from a 10% owner carries less signaling weight than a C-suite buy; may reflect portfolio rebalancing rather than material non-public positive view
- GTE operates in volatile crude oil & natural gas sector — commodity price moves can overwhelm ownership-based signals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0000935836-26-000335 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $10.52 $10.62 | ▲ +0.95% | ▲ +0.96% | $11.52 (+9.51%) |
Oct 7, 2026 20d ago | DEFA14A | $10.49 $10.58 | ▲ +0.86% | ▲ +0.26% | $11.52 (+9.82%) |
Oct 5, 2026 22d ago | Press Release | $10.46 $10.37 | ▼ −0.86% | ▼ −0.62% | $11.52 (+10.13%) |
Sep 23, 2026 4w ago | DEFA14A | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.52 (+15.55%) |
Sep 23, 2026 4w ago | Press Release | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.52 (+15.55%) |
Sep 11, 2026 6w ago | Press Release | $10.79 $10.57 | ▼ −2.04% | ▼ −1.59% | $11.52 (+6.77%) |
Aug 13, 2026 10w ago | Insider Cluster | $9.19 $9.38 | ▲ +2.07% | ▲ +2.54% | $11.52 (+25.35%) |
Aug 11, 2026 11w ago | Insider Cluster | $9.35 $9.50 | ▲ +1.60% | ▲ +0.91% | $11.52 (+23.21%) |
Aug 10, 2026 11w ago | Insider Cluster | $9.53 $9.35 | ▼ −1.89% | ▼ −2.14% | $11.52 (+20.88%) |
Aug 7, 2026 11w ago | Insider Cluster | $8.95 $9.53 | ▲ +6.48% | ▲ +6.80% | $11.52 (+28.72%) |
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