Insider Buying: Eastman Kodak (NYSE:KODK) Director Buys 10,000 Shares of Stock

Eastman Kodak (NYSE:KODK) Director Michael Sileck bought 10,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $7.02 per share, with a total value of $70,200.00. Following the completion of the transaction, the director now owns 107,940 shares in the company, valued at $757,738.80. This represents a 10.21 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Eastman Kodak Stock Down 0.6 %

Shares of Eastman Kodak stock traded down $0.04 during trading on Monday, hitting $6.81. 806,842 shares of the stock traded hands, compared to its average volume of 952,618. Eastman Kodak has a 52-week low of $3.33 and a 52-week high of $7.74. The stock’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $5.42. The firm has a market cap of $547.52 million, a P/E ratio of 9.73 and a beta of 3.73. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

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

Institutional Investors Weigh In On Eastman Kodak

A number of hedge funds have recently made changes to their positions in KODK. Victory Capital Management Inc. bought a new position in Eastman Kodak in the third quarter worth about $635,000. American Century Companies Inc. raised its stake in shares of Eastman Kodak by 77.9% during the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after acquiring an additional 313,191 shares in the last quarter. Marshall Wace LLP purchased a new stake in Eastman Kodak during the second quarter valued at approximately $2,197,000. XTX Topco Ltd purchased a new position in Eastman Kodak in the second quarter worth $190,000. Finally, Intech Investment Management LLC acquired a new position in shares of Eastman Kodak during the third quarter worth $62,000. 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.