Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Buys 25,100 Shares of Stock
Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. acquired 25,100 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were acquired at an average price of $6.64 per share, for a total transaction of $166,664.00. Following the completion of the purchase, the director now owns 157,773 shares of the company’s stock, valued at approximately $1,047,612.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Ion Geophysical Corp. (NYSE:IO) traded up 0.29% during midday trading on Friday, reaching $6.80. 2,109 shares of the company’s stock traded hands. Ion Geophysical Corp. has a 1-year low of $2.55 and a 1-year high of $12.15. The firm’s 50-day moving average price is $6.00 and its 200 day moving average price is $6.74. The stock’s market capitalization is $80.14 million.
Ion Geophysical Corp. (NYSE:IO) last issued its earnings results on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, topping analysts’ consensus estimates of ($1.86) by $0.01. Ion Geophysical Corp. had a negative net margin of 42.51% and a negative return on equity of 85.96%. The company had revenue of $36.15 million for the quarter, compared to the consensus estimate of $38.90 million. During the same period in the previous year, the firm earned ($4.05) earnings per share. Ion Geophysical Corp.’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Ion Geophysical Corp. will post ($7.28) earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of IO. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Ion Geophysical Corp. during the second quarter worth about $189,000. Pax World Management LLC bought a new stake in Ion Geophysical Corp. during the second quarter worth about $312,000. Spark Investment Management LLC bought a new stake in Ion Geophysical Corp. during the first quarter worth about $400,000. Oxford Asset Management increased its stake in Ion Geophysical Corp. by 192.8% in the second quarter. Oxford Asset Management now owns 112,733 shares of the company’s stock worth $702,000 after buying an additional 74,225 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in Ion Geophysical Corp. during the second quarter worth about $296,000. 41.70% of the stock is currently owned by institutional investors.
About Ion Geophysical Corp.
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group.
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