Kirk E. Kleiser, a director at Catalyst Bancorp, Inc. (NASDAQ:CLST), recently acquired 1,900 shares of the company's common stock. The purchase, which took place on November 22, 2024, was executed at a price of $11.635 per share, amounting to a total investment of approximately $22,106.
Following this transaction, Kleiser's holdings, including shares owned through various entities such as an IRA and LLCs, reflect a diverse portfolio. Notably, 4,400 shares are held by Kleiser Enterprises, Inc., where Kleiser serves as a senior managing member and holds a 90% ownership stake. Additionally, Kleiser's direct ownership includes 23,464 shares, some of which are part of the company's 2022 Recognition and Retention Plan and Trust Agreement.
This purchase adds to Kleiser's significant involvement in Catalyst Bancorp, highlighting his continued confidence in the company's prospects.
InvestingPro Insights
Kirk E. Kleiser's recent purchase of Catalyst Bancorp (NASDAQ:CLST) shares aligns with some interesting insights from InvestingPro. According to InvestingPro data, the company's stock is currently trading near its 52-week high, with a price at 96.28% of its peak. This suggests that Kleiser's investment comes at a time when market sentiment towards CLST is relatively positive.
An InvestingPro Tip indicates that management has been aggressively buying back shares, which could be seen as a sign of confidence in the company's value. This aligns with Kleiser's decision to increase his stake in the company.
However, it's worth noting that Catalyst Bancorp faces some challenges. The company is not profitable over the last twelve months, with a negative P/E ratio of -15.47. Additionally, CLST's revenue for the last twelve months stands at $4.95 million, with a significant revenue decline of -44.41% over the same period.
These metrics provide context to Kleiser's investment decision and the company's current financial position. For investors seeking a more comprehensive analysis, InvestingPro offers 5 additional tips for Catalyst Bancorp, providing a deeper understanding of the company's financial health and market position.
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