Denali Capital Acquisition Corp. Price & Performance (DECA)

Victory Capital Management Inc. has increased its holdings in Primis Financial Corp. by 12.8% during the fourth quarter, acquiring an additional 10,000 shares. This brings their total to 88,000 shares, valued at approximately $1,026,000. The move reflects growing institutional interest in Primis Financial, with hedge funds owning nearly 75% of the company.1

John Fitzgerald Biagas, a director of Primis Financial, recently purchased 10,000 shares at $9.97 each, totaling $99,700. This acquisition follows a period of underperformance, as the company reported a negative net margin of 2.97% and missed earnings estimates. The insider purchase may signal confidence in the company’s future prospects.1

Primis Financial Corp. continues to appeal to income-focused investors with its 3.95% dividend yield, despite recent earnings challenges. The company recently paid a $0.10 per share dividend for the quarter. However, its dividend payout ratio stands at -133.33%, raising questions about sustainability amid ongoing financial pressures.1