Trygve Seglem, Director at KNOT Offshore Partners LP (KNOP), bought 2,083,333 shares at $20.88 ($43.5M) on 2026-11-03, disclosed to the SEC on 2026-11-04.
Director Trygve Seglem executed the largest insider purchase in the company's history, buying 2.08 million shares at $20.88, signaling strong conviction in the stock's recovery potential. This massive buy comes as the stock has crashed nearly 18% over the last 90 days, presenting a potential contrarian entry point.
KNOP is trading at $8.79, down 11.92% over the last five days and 15.24% over the last month, placing it 25.19% below its 52-week high of $11.75.
Insider cluster: This is the largest insider purchase ever recorded for the company, suggesting a high-conviction bet by management; track this momentum closely.
Valuation risk: The stock trades at a high trailing P/E of 62.43 despite recent price declines, and the dividend yield is only 4.51%.
Something here stands out, but not much.