Insider Buying: Eastman Kodak (NYSE:KODK) Director Purchases $20,600.00 in Stock

Eastman Kodak Company (NYSE:KODK) Director Philippe Katz purchased 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $10.30 per share, for a total transaction of $20,600.00. Following the purchase, the director directly owned 187,026 shares in the company, valued at $1,926,367.80. This represents a 1.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Eastman Kodak Trading Up 2.2%

Shares of Eastman Kodak stock opened at $9.69 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.32 and a debt-to-equity ratio of 0.18. Eastman Kodak Company has a 12-month low of $4.94 and a 12-month high of $14.87. The firm has a market capitalization of $945.26 million, a price-to-earnings ratio of -5.15 and a beta of 1.66. The firm’s 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $8.66.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%. The company had revenue of $265.00 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KODK. Wall Street Zen lowered shares of Eastman Kodak from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of Eastman Kodak

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Eastman Kodak by 78.2% in the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock worth $35,000 after acquiring an additional 2,723 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock worth $59,000 after acquiring an additional 6,751 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Eastman Kodak in the second quarter worth $45,000. Tower Research Capital LLC TRC increased its stake in shares of Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after acquiring an additional 5,698 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Eastman Kodak in the fourth quarter worth $71,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

About Eastman Kodak

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.