Independence Contract Drilling, Inc. (NYSE:ICD) Major Shareholder Buys $415,800.00 in Stock

Independence Contract Drilling, Inc. (NYSE:ICD) major shareholder William Monroe acquired 110,000 shares of the stock in a transaction dated Monday, April 5th. The shares were purchased at an average price of $3.78 per share, for a total transaction of $415,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

William Monroe also recently made the following trade(s):

  • On Friday, August 27th, William Monroe acquired 30,000 shares of Independence Contract Drilling stock. The shares were purchased at an average price of $3.20 per share, for a total transaction of $96,000.00.
  • On Monday, August 2nd, William Monroe acquired 2 shares of Independence Contract Drilling stock. The shares were purchased at an average price of $3.22 per share, for a total transaction of $6.44.
  • On Monday, July 19th, William Monroe purchased 75 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.06 per share, for a total transaction of $229.50.
  • On Thursday, October 7th, William Monroe purchased 54,375 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.18 per share, for a total transaction of $172,912.50.
  • On Tuesday, October 5th, William Monroe purchased 295,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.16 per share, for a total transaction of $932,200.00.
  • On Wednesday, September 29th, William Monroe purchased 5,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.01 per share, for a total transaction of $15,050.00.
  • On Thursday, September 23rd, William Monroe purchased 40,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.00 per share, for a total transaction of $120,000.00.

Shares of ICD stock opened at $4.27 on Thursday. The stock’s fifty day moving average is $3.08 and its 200-day moving average is $3.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a market capitalization of $30.52 million, a PE ratio of -0.29 and a beta of 6.96. Independence Contract Drilling, Inc. has a 52 week low of $2.23 and a 52 week high of $7.97.

Independence Contract Drilling (NYSE:ICD) last announced its earnings results on Tuesday, August 3rd. The oil and gas company reported ($2.18) EPS for the quarter, topping the consensus estimate of ($2.50) by $0.32. The company had revenue of $19.82 million for the quarter. Independence Contract Drilling had a negative return on equity of 25.38% and a negative net margin of 151.47%.

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC grew its holdings in shares of Independence Contract Drilling by 27.7% during the first quarter. Squarepoint Ops LLC now owns 32,252 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 6,994 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Independence Contract Drilling during the first quarter worth $235,000. Morgan Stanley grew its holdings in shares of Independence Contract Drilling by 2.8% during the second quarter. Morgan Stanley now owns 201,902 shares of the oil and gas company’s stock worth $867,000 after purchasing an additional 5,514 shares during the last quarter. FMR LLC lifted its stake in shares of Independence Contract Drilling by 14.9% during the first quarter. FMR LLC now owns 689,455 shares of the oil and gas company’s stock valued at $1,910,000 after acquiring an additional 89,500 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Independence Contract Drilling by 30.4% during the second quarter. Geode Capital Management LLC now owns 36,685 shares of the oil and gas company’s stock valued at $157,000 after acquiring an additional 8,547 shares during the period. Institutional investors own 18.97% of the company’s stock.

About Independence Contract Drilling

Independence Contract Drilling, Inc engages in the provision of land-based contract drilling services for oil and natural gas producers. It develops and assembles the sharedriller series rig design. Its series are AC programmable and, energy efficient BiFuel. The company was founded by Philip A. Choyce and Byron A.

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Insider Buying and Selling by Quarter for Independence Contract Drilling (NYSE:ICD)

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