Today The Whitebox Advisors LLC Invests $21,446,000 in SAExploration Holdings, Inc. (SAEX)

Today The Whitebox Advisors LLC Invests $21,446,000 in SAExploration Holdings, Inc. (SAEX)

Whitebox Advisors LLC acquired a new position in SAExploration Holdings, Inc. (NASDAQ:SAEX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,609,039 shares of the company’s stock, valued at approximately $21,446,000. SAExploration Holdings accounts for about 0.9% of Whitebox Advisors LLC’s investment portfolio, making the stock its 17th largest position. Whitebox Advisors LLC owned about 0.28% of SAExploration Holdings at the end of the most recent reporting period.

Separately, Alambic Investment Management L.P. acquired a new stake in SAExploration Holdings during the third quarter valued at $357,000.

Shares of SAExploration Holdings, Inc. (NASDAQ:SAEX) traded up 1.6456% during trading on Wednesday, hitting $6.7696. The company had a trading volume of 6,397 shares. SAExploration Holdings, Inc. has a 52 week low of $6.02 and a 52 week high of $237.60. The firm’s 50 day moving average is $7.56 and its 200-day moving average is $10.94. The stock’s market capitalization is $63.25 million.

In related news, COO Brian A. Beatty sold 8,865 shares of SAExploration Holdings stock in a transaction on Friday, December 30th. The stock was sold at an average price of $7.27, for a total value of $64,448.55. Following the completion of the sale, the chief operating officer now owns 197 shares of the company’s stock, valued at $1,432.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jeff Hastings sold 33,812 shares of SAExploration Holdings stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $8.04, for a total value of $271,848.48. Following the completion of the sale, the chairman now directly owns 830 shares of the company’s stock, valued at approximately $6,673.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Want to see what other hedge funds are holding SAEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAExploration Holdings, Inc. (NASDAQ:SAEX).

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