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

Eastman Kodak (NYSE:KODK - Get Free Report) shares gapped up prior to trading 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.

Specifically, Director Michael Sileck purchased 10,000 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the purchase, the director now directly owns 107,940 shares of the company's stock, valued at $757,738.80. This trade represents a 10.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eastman Kodak Trading Up 5.0 %

The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $574.86 million, a PE ratio of 10.21 and a beta of 3.73. The business has a 50 day moving average price of $5.76 and a 200-day moving average price of $5.43.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced 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 business had revenue of $261.00 million during the quarter.

Institutional Investors Weigh In On Eastman Kodak

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in Eastman Kodak by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 372,239 shares of the technology company's stock valued at $2,003,000 after buying an additional 30,375 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Eastman Kodak by 6.4% in the second quarter. Rhumbline Advisers now owns 99,260 shares of the technology company's stock valued at $534,000 after acquiring an additional 5,988 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Eastman Kodak by 77.9% during the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company's stock valued at $3,848,000 after acquiring an additional 313,191 shares during 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 purchasing an additional 16,969 shares in the last quarter. Finally, Rathbones Group PLC acquired a new position in Eastman Kodak in the 2nd quarter valued at about $69,000. 33.65% of the stock is owned by institutional investors and hedge funds.

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.