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

Eastman Kodak (NYSE:KODK) gapped up before the market opened on Tuesday after an insider bought additional shares in the company. 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 acquired 10,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the purchase, the director now directly owns 107,940 shares in the company, valued at approximately $757,738.80. This trade represents a 10.21 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eastman Kodak Stock Performance

The firm has a market capitalization of $558.78 million, a price-to-earnings ratio of 9.93 and a beta of 3.73. 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 stock’s fifty day moving average is $5.76 and its two-hundred day moving average is $5.43.

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

Institutional Trading of Eastman Kodak

A number of hedge funds have recently modified their holdings of KODK. Bank of New York Mellon Corp lifted its position in Eastman Kodak by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 372,239 shares of the technology company’s stock worth $2,003,000 after acquiring an additional 30,375 shares during the last quarter. Rhumbline Advisers boosted its stake in Eastman Kodak by 6.4% in the 2nd quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock valued at $534,000 after purchasing an additional 5,988 shares during the period. American Century Companies Inc. grew its holdings in Eastman Kodak by 77.9% in the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock valued at $3,848,000 after buying an additional 313,191 shares in the last quarter. WINTON GROUP Ltd increased its position in Eastman Kodak by 57.1% during the 2nd quarter. WINTON GROUP Ltd now owns 46,709 shares of the technology company’s stock worth $251,000 after buying an additional 16,969 shares during the period. Finally, Rathbones Group PLC bought a new stake in shares of Eastman Kodak in the second quarter valued at about $69,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Company Profile

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.