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

Eastman Kodak (NYSE:KODK)’s stock price gapped up prior to trading 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 changing hands.

Specifically, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $7.02 per share, with a total value of $70,200.00. Following the transaction, the director now owns 107,940 shares in the company, valued at approximately $757,738.80. The trade was a 10.21 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eastman Kodak Trading Up 5.0 %

The company’s 50 day simple moving average is $5.81 and its two-hundred day simple moving average is $5.44. 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 company has a market capitalization of $574.86 million, a price-to-earnings ratio of 10.21 and a beta of 3.73.

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

Institutional Trading of Eastman Kodak

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KODK. Franklin Resources Inc. acquired a new position in Eastman Kodak in the 3rd quarter worth approximately $180,000. Barclays PLC boosted its holdings in shares of Eastman Kodak by 277.6% in the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after acquiring an additional 58,150 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Eastman Kodak by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after acquiring an additional 57,487 shares during the period. State Street Corp raised its holdings in shares of Eastman Kodak by 1.1% during the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock worth $9,233,000 after purchasing an additional 20,731 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY acquired a new position in Eastman Kodak during the third quarter valued at $95,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

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.