Trading Report: The Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Acquires 5,900 Shares

The Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Acquires 5,900 Shares

Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. purchased 5,900 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $35,872.00. Following the purchase, the director now owns 157,773 shares of the company’s stock, valued at approximately $959,259.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ion Geophysical Corp. (NYSE:IO) traded down 1.67% on Monday, hitting $5.90. The company had a trading volume of 16,565 shares. The firm’s 50 day moving average price is $6.09 and its 200 day moving average price is $6.65. The stock’s market cap is $69.54 million. 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 posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.85) earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $36.15 million for the quarter, compared to the consensus estimate of $38.90 million. During the same period in the prior year, the business posted ($4.05) earnings per share. Ion Geophysical Corp.’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Ion Geophysical Corp. will post ($7.28) earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Oxford Asset Management increased its position 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. Bridgeway Capital Management Inc. increased its position in Ion Geophysical Corp. by 148.1% in the second quarter. Bridgeway Capital Management Inc. now owns 109,150 shares of the company’s stock worth $680,000 after buying an additional 65,150 shares during the period. Osterweis Capital Management Inc. bought a new position in Ion Geophysical Corp. during the second quarter worth $648,000. 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 during the period. Finally, Pax World Management LLC bought a new position in Ion Geophysical Corp. during the second quarter worth $312,000. 41.70% of the stock is currently owned by institutional investors and hedge funds.

About Ion Geophysical Corp.

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