Eastman Kodak (NYSE:KODK) Shares Gap Up After 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 changing hands.

Specifically, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost 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 in the company, valued at approximately $757,738.80. This trade represents a 10.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Eastman Kodak Trading Up 5.0 %

The firm’s 50-day moving average price is $5.76 and its 200 day moving average price is $5.43. The company has a market cap of $574.86 million, a price-to-earnings ratio of 10.21 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 released its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The firm had revenue of $261.00 million for the quarter.

Hedge Funds Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KODK. Dimensional Fund Advisors LP raised its holdings in shares of Eastman Kodak by 49.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after acquiring an additional 659,991 shares in the last quarter. State Street Corp raised its stake in Eastman Kodak by 1.1% in the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after purchasing an additional 20,731 shares in the last quarter. Geode Capital Management LLC lifted its position in Eastman Kodak by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after purchasing an additional 57,487 shares during the last quarter. Royce & Associates LP grew its stake in Eastman Kodak by 7.4% in the 3rd quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock worth $4,438,000 after buying an additional 64,680 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Eastman Kodak by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock worth $4,448,000 after buying an additional 16,693 shares during the last quarter. Institutional investors 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.