In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Eastman Kodak Co (NYSE:KODK) reported that Blue Mountain Capital has picked up 511,358 of common stock as of 2017-05-24.
The acquisition brings the aggregate amount owned by Blue Mountain Capital Limited Partnership to a total of 511,358 representing less than 1.2% stake in the company.
For those not familiar with the company, The Eastman Kodak Company (referred to simply as Kodak) is an American technology company that produces imaging products with its historic basis on photography. The company is headquartered in Rochester, New York and is incorporated in New Jersey. Kodak provides packaging, functional printing, graphic communications and professional services for businesses around the world. Its main business segments are Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, and Consumer and Film. It is best known for photographic film products.
A glance at Eastman Kodak Co (NYSE:KODK)’s key stats reveals a current market capitalization of 405.52 Million based on 42.46 Million shares outstanding and a price at last close of $9.85 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-17, Clarke picked up 3,000 at a purchase price of $9.38. This brings their total holding to 106,179 as of the date of the filing.
On the sell side, the most recent transaction saw Bluemountain unload 280,353 shares at a sale price of $10.75. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Eastman Kodak Co (NYSE:KODK) as things move forward to see if its progress aligns with these transactions.
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