Insider Buying: Eastman Kodak (NYSE:KODK) Director Acquires 6,000 Shares of Stock

Eastman Kodak (NYSE:KODK) Director Philippe D. Katz acquired 6,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director now directly owns 170,026 shares of the company’s stock, valued at $1,105,169. This trade represents a 3.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eastman Kodak Trading Up 0.4 %

Shares of KODK stock traded up $0.03 during trading hours on Friday, reaching $6.75. 191,290 shares of the stock were exchanged, compared to its average volume of 934,579. The firm has a market capitalization of $542.70 million, a price-to-earnings ratio of 9.61 and a beta of 3.73. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $7.74. The company’s 50-day moving average price is $5.45 and its 200-day moving average price is $5.35. 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 results 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 during the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Eastman Kodak by 49.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock worth $10,801,000 after buying an additional 659,991 shares in the last quarter. State Street Corp increased its position in Eastman Kodak by 1.1% during the 3rd 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 during the period. Geode Capital Management LLC raised its holdings in shares of Eastman Kodak by 3.9% in the 3rd 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 in the last quarter. Royce & Associates LP lifted its position in shares of 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 purchasing an additional 64,680 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Eastman Kodak by 2.1% during the second quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock valued at $4,448,000 after buying an additional 16,693 shares during the period. 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.