Insider Buying: Eastman Kodak (NYSE:KODK) Director Buys 3,000 Shares of Stock

Eastman Kodak (NYSE:KODK – Get Rating) Director Philippe D. Katz purchased 3,000 shares of Eastman Kodak stock in a transaction that occurred on Monday, May 22nd. The shares were bought at an average price of $4.59 per share, for a total transaction of $13,770.00. Following the transaction, the director now owns 155,496 shares in the company, valued at $713,726.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Eastman Kodak Stock Performance

Eastman Kodak stock opened at $4.84 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.48 and a debt-to-equity ratio of 0.30. Eastman Kodak has a 1 year low of $2.78 and a 1 year high of $7.24. The company has a market cap of $384.01 million, a PE ratio of 9.13 and a beta of 3.72. The company’s 50-day moving average is $3.76 and its two-hundred day moving average is $3.73.

Eastman Kodak (NYSE:KODK – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The technology company reported $0.09 EPS for the quarter. Eastman Kodak had a return on equity of 6.95% and a net margin of 5.20%. The company had revenue of $305.00 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new position in Eastman Kodak in the third quarter valued at about $33,000. PNC Financial Services Group Inc. boosted its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,000 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6,600 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Eastman Kodak during the third quarter valued at about $46,000. Captrust Financial Advisors boosted its stake in shares of Eastman Kodak by 124.0% during the second quarter. Captrust Financial Advisors now owns 10,213 shares of the technology company’s stock valued at $47,000 after purchasing an additional 5,653 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Eastman Kodak during the first quarter valued at about $83,000. Institutional investors own 44.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Eastman Kodak in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

About Eastman Kodak

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Eastman Kodak Co engages in the provision of analog and digital innovations. It operates through the following segments: Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand. The Traditional Printing segment consists of Prepress Solutions, which includes Kodak’s digital offset plate offerings and computer-to-plate imaging solutions.