Insider Buying: Executive Doubles Down, Buys Nearly 6,000 Shares
Schrenk's discretionary open-market purchase expands his direct stake by 3% following a 147% one-year stock rally. His total beneficial ownership now stands at approximately 216,995 shares.
Overview
Troy C. Schrenk, Chief Commercial Officer of Target Hospitality Corp. (NASDAQ:TH), purchased 5,907 shares of common stock on Sept. 18, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($21.16); post-transaction value based on Sept. 18, 2026, market close ($21.19).
Details
Target Hospitality Corp. operates as a leading provider of specialized temporary accommodations with a substantial footprint of approximately 15,500 beds across North America. The company's business model emphasizes recurring revenue through long-term contracts with major clients in the industrial and energy sectors. With a market capitalization of $2.1 billion and TTM revenue of $347.4 million, Target Hospitality maintains a significant competitive position in the specialty business services sector, though current profitability metrics reflect ongoing operational challenges and market dynamics.
Source
Originally published at www.fool.com.