Richard Melvin Lee Jr., Director at Cardinal Infrastructure Group Inc. (CDNL), bought 34,000 shares at $36.59 ($1.3M) on 2026-08-14, disclosed to the SEC on 2026-08-17.
Director Richard Melvin Lee Jr. purchased $987,930 worth of shares at $36.59, marking the largest purchase of his career, signaling confidence in the company's recent performance. This move comes as the stock has surged 87.79% over the last 90 days, though it remains below its 52-week high of $93.71.
CDNL is up 87.79% over the last 90 days and is currently trading 1.82% below its 52-week high of $93.71. The stock has been volatile recently, crashing on August 11, 2026, despite beating revenue estimates and raising full-year guidance.
Q2 2026 earnings on August 11, 2026, showed record revenue of $227 million and raised full-year guidance, though adjusted EBITDA margin declined to 12.4% due to transitional costs. The stock crashed on the news despite the beat, creating a potential setup for a rebound. Additionally, the company raised its 2026 revenue guidance on August 11, 2026, following record Q2 sales.
The stock crashed on August 11, 2026, despite beating revenue estimates and raising full-year guidance, indicating investor concern over profitability and execution risks. The company's adjusted EBITDA margin declined to 12.4% in Q2 2026 due to transitional costs and weather disruptions, which could pressure margins in the near term.
Clearly above the average filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $36.59 | 27,000 | $988K | 78.9% |
| 2 | $37.73 | 7,000 | $264K | 21.1% |
| Total | $36.82 avg | 34,000 | $1.3M | 100% |