Calumet Specialty Product Partners LP – (CLMT, +1, August 15th)
Stephen Mawer (Executive Chairman and Director since 2016, former CEO) purchased 9,251 shares on August 12th at $16.11, spending $149,000 and increasing his holdings to 137,233 shares. This is Mawer’s largest purchase and first since 2017 when he bought shares at $3.90.
His prior purchases were all much smaller, spending under $40,000 and below $6 per share. We ranked this stock +N on August 11th based on a $101,000 purchase from Scott Obermeier (EVP- Commercial since 2020, joined 2017). He, like Mawer, is making his largest purchase and at a price substantially higher than he has paid in the past.
We are upgrading the shares further, from +N to +1.