Paradice Investment Management LLC Has $31.87 Million Position in Eastman Kodak Company (KODK)
Paradice Investment Management LLC boosted its stake in shares of Eastman Kodak Company (NYSE:KODK) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,502,388 shares of the technology company’s stock after buying an additional 514,200 shares during the period. Eastman Kodak makes up 2.5% of Paradice Investment Management LLC’s portfolio, making the stock its 18th largest position. Paradice Investment Management LLC owned 8.25% of Eastman Kodak worth $31,872,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in Eastman Kodak by 918.5% in the second quarter. Russell Investments Group Ltd. now owns 82,500 shares of the technology company’s stock worth $751,000 after buying an additional 74,400 shares during the period. Cutter & CO Brokerage Inc. bought a new position in Eastman Kodak during the second quarter worth approximately $239,000. Spark Investment Management LLC increased its position in Eastman Kodak by 42.1% in the second quarter. Spark Investment Management LLC now owns 68,800 shares of the technology company’s stock worth $626,000 after buying an additional 20,400 shares during the period. Finally, Strs Ohio increased its position in Eastman Kodak by 25.5% in the second quarter. Strs Ohio now owns 67,900 shares of the technology company’s stock worth $617,000 after buying an additional 13,800 shares during the period. Institutional investors and hedge funds own 72.39% of the company’s stock.
Eastman Kodak Company (NYSE KODK) opened at 7.25 on Tuesday. The firm’s 50-day moving average is $8.68 and its 200-day moving average is $10.46. Eastman Kodak Company has a 1-year low of $6.65 and a 1-year high of $17.30. The company has a market capitalization of $308.05 million, a P/E ratio of 13.04 and a beta of 0.57.
Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.05 earnings per share for the quarter. The firm had revenue of $381 million for the quarter. Eastman Kodak had a negative return on equity of 97.65% and a net margin of 2.43%.
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In other news, insider Brad Kruchten sold 3,400 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $9.05, for a total transaction of $30,770.00. Following the sale, the insider now directly owns 10,195 shares of the company’s stock, valued at approximately $92,264.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeff Clarke bought 8,500 shares of Eastman Kodak stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $7.29 per share, for a total transaction of $61,965.00. Following the completion of the acquisition, the chief executive officer now owns 111,679 shares in the company, valued at approximately $814,139.91. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 21,600 shares of company stock worth $157,878 and have sold 5,020 shares worth $44,945. 4.60% of the stock is owned by company insiders.
About Eastman Kodak
Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Micro 3D Printing and Packaging; Software and Solutions; Consumer and Film; Enterprise Inkjet Systems; Intellectual Property Solutions; and Eastman Business Park.
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