MITCHAM INDUSTR/SH (NASDAQ:MIND) Director Peter H. Blum Acquires 5,000 Shares

MITCHAM INDUSTR/SH (NASDAQ:MIND) Director Peter H. Blum acquired 5,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was bought at an average cost of $2.77 per share, for a total transaction of $13,850.00. Following the purchase, the director now directly owns 496,224 shares of the company’s stock, valued at $1,374,540.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ MIND traded up $0.20 during trading on Tuesday, hitting $2.95. The company had a trading volume of 17,542 shares, compared to its average volume of 22,138. The stock has a 50 day simple moving average of $3.40 and a 200 day simple moving average of $3.76. The company has a quick ratio of 2.73, a current ratio of 4.38 and a debt-to-equity ratio of 0.06. MITCHAM INDUSTR/SH has a 12 month low of $2.50 and a 12 month high of $4.42.

MITCHAM INDUSTR/SH (NASDAQ:MIND) last issued its earnings results on Wednesday, September 4th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The business had revenue of $8.90 million for the quarter. MITCHAM INDUSTR/SH had a negative net margin of 32.57% and a negative return on equity of 22.40%.



Institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC bought a new stake in MITCHAM INDUSTR/SH during the 2nd quarter valued at approximately $87,000. Eidelman Virant Capital bought a new stake in MITCHAM INDUSTR/SH during the 2nd quarter valued at approximately $542,000. Teton Advisors Inc. raised its stake in MITCHAM INDUSTR/SH by 33.3% during the 2nd quarter. Teton Advisors Inc. now owns 200,000 shares of the company’s stock valued at $790,000 after purchasing an additional 49,931 shares during the period. Vanguard Group Inc. raised its stake in MITCHAM INDUSTR/SH by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 300,644 shares of the company’s stock valued at $1,187,000 after purchasing an additional 23,500 shares during the period. Finally, BlackRock Inc. raised its stake in MITCHAM INDUSTR/SH by 1.7% during the 2nd quarter. BlackRock Inc. now owns 333,236 shares of the company’s stock valued at $1,317,000 after purchasing an additional 5,593 shares during the period. 72.66% of the stock is currently owned by institutional investors.

MITCHAM INDUSTR/SH Company Profile

Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.

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