Boston, MA 08/22/2214 (wallstreetpr) –Seismic data acquisition services provider to the oil and gas industry, SAEploration Holdings, Inc. (NASDAQ:SAEX) Director, Pecora John, has been acquiring the company shares to increase his holding in the company. He has already been in the 10% owner category.
Buying Shares
The SAEploration Holdings, Inc. (NASDAQ:SAEX) Director, Pecora John, had acquired 9,416 shares at the rate of $8.65 a share for $81,448 on August 19, according to a filing with the Securities and Exchange Commission. The Director had paid at least $2 more than the 52-week low price of $6.60. However, the price represented about 15% discount to the yearly high price of $10.2
The next day also, i.e. on August 20, Pecora John had resorting to buying 68068 shares at an average cost of $8.63. The Director had to pay approximately $587.43K to acquire the shares.
Similarly, on August 18, he had bought 16,394 shares at $8.61 a share for approximately $145.8K. In the current week alone, for which filings were available, the Director had acquired 93,878 shares by paying an amount of approximately $810K. Following these three transactions in August, his holding in the company increased to nearly 1.99 million shares. His holding was valued around $17.49 million based on $8.79 a share.
Previous Two Month Purchase
The company Director had also acquired shares of SAEploration Holdings, Inc. (NASDAQ:SAEX) in July through three transactions. A total 73,950 shares were purchased by him for an amount of about $611K.
Similarly, in June Pecora John had resorted to buying 83,008 shares at different prices through five transactions. The price per share varied between $7.99 and $8.4. He had paid a total amount of $672.5K to buy these shares.
Last One-Year Activity
The insider activities in the SAEploration Holdings, Inc. (NASDAQ:SAEX) seem to be tremendous. In the last three months alone, there were ten transactions of open market purchase by the insiders, according to Nasdaq.com data. Similarly, for the 12-month period, there were as many as 40 transactions.
While the three-month period involved 190,884 shares of trading, for a one-year period, total shares traded amounted to 1.16 million.
