ION Geophysical Corporation (IO)
Over the past week there were three insiders making buys into ION Geophysical. These gurus consisted of Director James Lapeyre, Senior VP and CFO Gregory Heinlein and Senior VP and General Counsel David Roland.
James Lapeyere made the largest buy, adding 75,000 shares to his stake. He bought these shares at $3.02 per share for a total transaction amount of $226,500. Since his buy the price per share has increased approximately 3.31%. Lapeyere now holds 10.25 million shares of the company’s stock.
Both Heinlein and Roland added 1,000 shares to their holdings. The two insiders bought these shares at an average price of $3.00 per share for approximate transaction amounts of $3,000 each. Since then the price per share has gone up about 4%.
These insider buys come as the company’s price is sitting at a historical low.
ION Geophysical Corporation is a technology-focused seismic solutions company that provides advanced seismic data acquisition equipment, seismic software, and seismic planning, processing, and interpretation services to the global energy industry.
ION Geophysical’s historical revenue and net income:
The analysis on ION reports that the company’s revenue has been in decline over the past five years, its price is at a 3-year low and its P/S ratio is also sitting at a 3-year low.
The top guru shareholders of ION:
1. Chuck Royce: 1,178,200 shares, representing 0.75% of the company’s shares outstanding
2. Richard Snow: 664,175 shares, representing 0.42% of the company’s shares outstanding.
3. Manning & Napier: 589,210 shares, representing 0.38% of the company’s shares outstanding.
The company recently announced that they would be expanding their data processing network in order to service growing demand. It will be expanding its seismic data processing network through the opening of a new GX Technology center in Oklahoma City. This new center will increase the company’s throughput capacity by 50%.
ION Geophysical has a market cap of $534 million. Its shares are currently trading at around $3.27 with a P/S of 1.00 and a P/B of 2.20.
Continental Resources (CLR)
Over the past week there were two buys coming from two of Continental Resources’ top corporate executives.
Chairman and CEO Harold Hamm added a significant 41,000 shares to his stake on Dec. 11. He bought these shares at $102.20 for a total transaction amount of $4,190,200. Since his buy, the price per share has increased an additional 3.4%. Hamm now owns 126.34 million shares of his company’s stock.
President and COO Winston Bott added a much smaller 1,500 shares to his holdings over the past week. The insider bought these shares at $101.28, costing him a total of $151,920. The president now holds on to 87,053 shares of the company’s stock. Since his buy the price per share has increased approximately 4.33%.
These are the first insider buys reported for the company since March 2013, and they come as the price has recently fallen from its record high.
Continental Resources is a crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States. The company focuses its exploration activities in large new or developing plays that provide it the opportunity to acquire undeveloped acreage positions for future drilling operations.
Continental Resources’ historical revenue and net income:
The analysis on Continental reports that the company has issued $3.5 billion of debt over the past three years, its asset growth is currently faster than its revenue and the company has had operating loss over the past three years.
The company recently announced that it had been upgraded to an investment grade rating from Moody’s. On Dec. 13, Moody’s Investor Services upgraded CLR to investment grade and increased the company’s senior unsecured rating to Baa3 from Ba2.
The top guru shareholders of Continental Resources:
· Murray Stahl: 575,292 shares, representing 0.31% of the company’s shares outstanding.
· Meridian Funds: 370,200 shares, representing 0.2% of the company’s shares outstanding.
The Peter Lynch Chart suggests that the company is currently overvalued:
Continental Resources has a market cap of $19.8 billion. Its shares are currently trading at around $106.60 with a P/E ratio of 23.10, a P/S ratio of 6.00 and a P/B ratio of 5.10. The company had an annual average earnings growth of 37.40% over the past five years.
Gladstone Investment Corporation (GAIN)
Over the past week two corporate executives made buys into Gladstone Investment Corporation. COO Terry Brubaker made three different buys over the past week and CEO David Gladstone made one.
COO Brubaker made three buys, adding a total of 33,100 shares of the company’s stock. He bought these shares in the price range of $7.51 to $7.59 per share. He spent a total of $251,029 on these three transactions. As of his most recent buy the insider holds on to 87,040 shares of the company’s stock, and the price per share is up an approximate 2.38%.
Gladstone, in his one buy, added 24,000 shares to his stake at an average price of $7.55 per share. This cost him a total of $181,200. The CEO now holds on to 315,495 shares of the company’s stock. Since his buy the price per share is trading up about 2.38%.
The company has seen increased insider buying as its price is trading around its 52-week high.
Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company and has elected to be treated as a business development company. The company invests in subordinated loans, mezzanine debt, preferred stock, common stock and warrants to purchase common stock of small and medium-sized companies.
Gladstone’s historical revenue and earnings growth:
The analysis on Gladstone reports that the company has issued $36.005 million of debt over the past three years, its operating margin is expanding and its dividend yield is currently at its 3-year high.
There are currently no gurus that hold a position in Gladstone Investment. Most recently, Jim Simons sold out of his position in the third quarter of 2011.
The Peter Lynch Chart suggests that the company is currently undervalued:
Gladstone Investments has a market cap of $203.1 million. Its shares are currently trading at around $7.73 with a P/E ratio of 7.00, a P/S ratio of 5.60 and a P/B ratio of 0.90. The dividend yield of Gladstone is currently at 8.20%. The company had an annual average earnings growth of 1.60% over the past five years.
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