An insider purchase of $491,000 in EVTC shares follows a one-year return drop of 36%, reversing a two-year selling trend.
Evertec Executive Vice President Miguel Vizcarrondo acquired 21,000 shares at $23.37 each on May 11, totaling $491,000. The transaction occurred as the stock closed at $23.02, reflecting a 36% decline over the past year.
This marks Vizcarrondo’s first open-market purchase in two years, following four sales totaling 96,013 shares. The buy increased his direct holdings by 17.32%, raising his total to 142,214 shares, or 0.23% of outstanding shares.
The filing showed no indirect or derivative activity, with all shares held directly. The purchase suggests heightened conviction amid a prolonged share price decline.