Today, Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Acquires 8,000 Shares

Today, Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Acquires 8,000 Shares

Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. bought 8,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were bought at an average cost of $6.46 per share, for a total transaction of $51,680.00. Following the completion of the transaction, the director now directly owns 157,773 shares of the company’s stock, valued at $1,019,213.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ion Geophysical Corp. (NYSE:IO) opened at 6.00 on Monday. The stock’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 $70.72 million. Ion Geophysical Corp. has a one year low of $2.55 and a one year high of $10.50.

Ion Geophysical Corp. (NYSE:IO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.86) by $0.01. The business had revenue of $36.15 million for the quarter, compared to analyst estimates of $38.90 million. Ion Geophysical Corp. had a negative return on equity of 85.96% and a negative net margin of 42.51%. Ion Geophysical Corp.’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned ($4.05) EPS. On average, analysts predict that Ion Geophysical Corp. will post ($7.28) earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management raised its position in shares of 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 last quarter. Bridgeway Capital Management Inc. raised its position in shares of 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 last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Ion Geophysical Corp. during the second quarter worth approximately $648,000. Spark Investment Management LLC raised its position in shares of 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 last quarter. Finally, Pax World Management LLC purchased a new position in shares of Ion Geophysical Corp. during the second quarter worth approximately $312,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

About Ion Geophysical Corp.

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