Garland G. Gaspard, Senior Vice President at GENESIS ENERGY LP (GEL), bought 12,340 shares at $16.34 ($202K) on 2026-05-18, disclosed to the SEC on 2026-05-19.
Senior Vice President Garland G. Gaspard purchased $201,635 worth of Genesis Energy (GEL) shares at $16.34, marking the largest insider purchase in the company's history. This significant buy from C-suite leadership suggests confidence in the company's recent operational improvements and balance sheet restructuring.
The stock is trading near its 52-week low of $14.55, currently down 7.41% over the last 90 days despite a 3.28% gain in the past five days. The current price of $16.36 is 12.23% below the 52-week high of $18.64.
Q2 earnings on 2026-08-06 beat revenue expectations with sales up 41% year-over-year to $532 million. The company announced a dividend of $0.2 per share payable on 2026-08-14. The largest-ever insider purchase signals strong conviction from management.
The stock trades at a high P/E ratio of 75.33, which may limit upside if earnings growth slows. Short interest is relatively low at 0.043% of the float.
Clearly above the average filing.
| Filing → |
| GEL | BUY | 2023-11-14 | $120K | — | Filing → |
| GEL | BUY | 2021-03-16 | $39K | — | Filing → |
| GEL | BUY | 2020-03-03 | $140K | — | Filing → |