James M. Lapeyre, Jr. Acquires 14,400 Shares of Ion Geophysical Corp. (IO) Stock
Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. purchased 14,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average cost of $6.51 per share, for a total transaction of $93,744.00. Following the completion of the acquisition, the director now directly owns 157,773 shares of the company’s stock, valued at $1,027,102.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Ion Geophysical Corp. (NYSE:IO) opened at 7.30 on Friday. The firm’s market capitalization is $86.04 million. The company has a 50-day moving average of $6.35 and a 200 day moving average of $6.41. Ion Geophysical Corp. has a 12-month low of $2.55 and a 12-month high of $10.50.
Ion Geophysical Corp. (NYSE:IO) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($1.17) by $1.31. Ion Geophysical Corp. had a negative return on equity of 78.26% and a negative net margin of 29.87%. The firm had revenue of $78.62 million for the quarter, compared to the consensus estimate of $44 million. During the same quarter in the prior year, the company posted ($1.50) earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Ion Geophysical Corp. will post ($7.28) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its position in Ion Geophysical Corp. by 1.5% in the third quarter. Neuberger Berman Group LLC now owns 186,732 shares of the company’s stock worth $1,279,000 after buying an additional 2,773 shares in the last quarter. Northern Trust Corp increased its position in Ion Geophysical Corp. by 36.5% in the third quarter. Northern Trust Corp now owns 29,689 shares of the company’s stock worth $203,000 after buying an additional 7,931 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Ion Geophysical Corp. by 48.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 30,666 shares of the company’s stock worth $210,000 after buying an additional 10,000 shares in the last quarter. Spark Investment Management LLC increased its position in Ion Geophysical Corp. by 47.6% in the second quarter. Spark Investment Management LLC now owns 73,200 shares of the company’s stock worth $456,000 after buying an additional 23,600 shares in the last quarter. Finally, TFS Capital LLC purchased a new position in Ion Geophysical Corp. during the second quarter worth approximately $165,000. Hedge funds and other institutional investors own 41.77% of the company’s stock.
Ion Geophysical Corp. Company Profile
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.
Receive News & Stock Ratings for Ion Geophysical Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ion Geophysical Corp. and related stocks with our FREE daily email newsletter.