Peter H. Blum Acquires 10,000 Shares of MITCHAM INDUSTR/SH (NASDAQ:MIND) Stock

MITCHAM INDUSTR/SH (NASDAQ:MIND) Director Peter H. Blum purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $1.73 per share, with a total value of $17,300.00. Following the acquisition, the director now directly owns 531,528 shares in the company, valued at $919,543.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ MIND opened at $1.65 on Wednesday. The stock has a market cap of $19.49 million, a price-to-earnings ratio of -1.14 and a beta of 1.85. MITCHAM INDUSTR/SH has a 52 week low of $0.70 and a 52 week high of $4.42. The company’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.96. The company has a current ratio of 3.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

MITCHAM INDUSTR/SH (NASDAQ:MIND) last released its quarterly earnings results on Tuesday, April 21st. The company reported ($0.29) earnings per share (EPS) for the quarter. MITCHAM INDUSTR/SH had a negative return on equity of 46.46% and a negative net margin of 38.60%. The firm had revenue of $13.26 million for the quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PEAK6 Investments LLC raised its holdings in MITCHAM INDUSTR/SH by 113.6% in the fourth quarter. PEAK6 Investments LLC now owns 62,748 shares of the company’s stock valued at $180,000 after buying an additional 33,374 shares during the period. White Pine Capital LLC raised its holdings in MITCHAM INDUSTR/SH by 73.4% in the first quarter. White Pine Capital LLC now owns 523,145 shares of the company’s stock valued at $654,000 after buying an additional 221,425 shares during the period. Finally, Ariel Investments LLC raised its holdings in MITCHAM INDUSTR/SH by 1.4% in the fourth quarter. Ariel Investments LLC now owns 2,872,310 shares of the company’s stock valued at $8,244,000 after buying an additional 39,768 shares during the period. Hedge funds and other institutional investors own 70.18% of the company’s stock.

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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