Eastman Kodak (NYSE:KODK) Shares Gap Up Following Insider Buying Activity

Eastman Kodak (NYSE:KODK) shares gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $6.81, but opened at $6.98. Eastman Kodak shares last traded at $6.88, with a volume of 150,012 shares traded.

Specifically, Director Michael Sileck bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the acquisition, the director now owns 107,940 shares of the company’s stock, valued at approximately $757,738.80. This trade represents a 10.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Eastman Kodak Trading Up 5.0 %

The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $5.76 and its two-hundred day moving average is $5.43. The firm has a market cap of $574.86 million, a P/E ratio of 10.21 and a beta of 3.73.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The company had revenue of $261.00 million during the quarter.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently added to or reduced their stakes in KODK. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eastman Kodak during the 3rd quarter valued at about $25,000. BNP Paribas Financial Markets increased its holdings in Eastman Kodak by 21.3% during the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after buying an additional 2,210 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Eastman Kodak during the third quarter valued at approximately $62,000. Quantbot Technologies LP bought a new position in Eastman Kodak in the third quarter worth approximately $68,000. Finally, Rathbones Group PLC purchased a new position in shares of Eastman Kodak during the 2nd quarter worth $69,000. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.