Delek Logistics CFO Robert Wright bought 1,500 shares at $50 each after the stock fell on a secondary offering, increasing his direct stake by 23%.
Delek Logistics Partners, LP currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Delek Logistics Partners (NYSE: DKL) Chief Financial Officer Robert G. Wright bought 1,500 common units on Aug. 13 at a weighted average price of $50.00 per share, according to an SEC Form 4 filing. The transaction totaled $75,000.
The purchase came a day after the stock closed at $60. The drop followed the company's announcement of a secondary public offering priced at $50 per share. Wright's buy matched that offering price.
The filing shows Wright now holds 7,994 common units directly. That stake was worth $431,755.94 based on the Aug. 14 close of $54.01. The 1,500-share addition increased his direct holdings by 23%.
Delek Logistics is a midstream operator with a pipeline network, trucking fleet, and wholesale marketing terminals. It reported second-quarter sales of $384.8 million, up from $246.4 million a year earlier. Net income fell to $28.9 million from $44.6 million, driven by higher costs. The company reiterated its 2026 EBITDA guidance of $520 million to $560 million.
The stock's 52-week high is $61.50, reached July 31. At the Aug. 14 close, the stock was down about 12% from that level.
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