Price Chart

Executive Summary

Director John T. Raymond purchased $432K of NGL common units on the open market over two days, including a $414K block on August 24. This is a material conviction buy from a director at 0.02% of the $2.1B market cap, occurring within a 7-day cluster of two purchases. The insider is buying into a stock with 67% bullish analyst consensus and recent institutional accumulation, suggesting confidence in near-term fundamentals or a catalyst.

Key Financial Metrics

Key Facts

• Director John T. Raymond purchased 26,626 common units for $432,002 in two open-market transactions on August 21 and August 24, 2026.
• The largest purchase was 25,500 units at $16.22 on August 24, representing $413,704.
• Total purchase value of $432K equals approximately 0.02% of NGL's $2.1B market cap.
• The insider cluster consists of two purchases by the same director within a 7-day window.
• Analyst consensus is 67% bullish (4 Buy, 2 Hold, 0 Sell).
• Institutional 13F data shows recent accumulation: 7 funds doubled positions, 1 added, 6 trimmed, 1 near-exit.

Financial Impact

$432,002 in open-market purchases by a director, representing 0.02% of market cap

Risk Factors

• Single-insider buy may not reflect broader management sentiment; no C-suite participation.
• 0.02% of market cap is below the 0.1% threshold for materiality; the signal is modest.
• No disclosed catalyst or recent corporate event to explain the purchase timing.

Market Snapshot

Investment Themes

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

US Market Status