Independence Contract Drilling, Inc. (NYSE:ICD) Major Shareholder William Monroe Buys 110,000 Shares

Independence Contract Drilling, Inc. (NYSE:ICD) major shareholder William Monroe acquired 110,000 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was acquired at an average cost of $3.78 per share, with a total value of $415,800.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

William Monroe also recently made the following trade(s):

  • On Friday, August 27th, William Monroe acquired 30,000 shares of Independence Contract Drilling stock. The stock was acquired at an average cost of $3.20 per share, with a total value of $96,000.00.
  • On Monday, August 2nd, William Monroe acquired 2 shares of Independence Contract Drilling stock. The stock was acquired at an average cost of $3.22 per share, with a total value of $6.44.
  • On Monday, July 19th, William Monroe acquired 75 shares of Independence Contract Drilling stock. The stock was acquired at an average cost of $3.06 per share, with a total value of $229.50.
  • On Thursday, October 7th, William Monroe bought 54,375 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.18 per share, for a total transaction of $172,912.50.
  • On Tuesday, October 5th, William Monroe bought 295,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.16 per share, for a total transaction of $932,200.00.
  • On Wednesday, September 29th, William Monroe bought 5,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.01 per share, for a total transaction of $15,050.00.
  • On Thursday, September 23rd, William Monroe bought 40,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.00 per share, for a total transaction of $120,000.00.

ICD stock opened at $4.27 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a market capitalization of $30.52 million, a price-to-earnings ratio of -0.29 and a beta of 6.96. Independence Contract Drilling, Inc. has a 1 year low of $2.23 and a 1 year high of $7.97. The stock’s fifty day moving average is $3.08 and its two-hundred day moving average is $3.48.

Independence Contract Drilling (NYSE:ICD) last issued its quarterly earnings data on Tuesday, August 3rd. The oil and gas company reported ($2.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.50) by $0.32. Independence Contract Drilling had a negative net margin of 151.47% and a negative return on equity of 25.38%. The business had revenue of $19.82 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its stake in shares of Independence Contract Drilling by 27.7% during the first quarter. Squarepoint Ops LLC now owns 32,252 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 6,994 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Independence Contract Drilling during the first quarter valued at about $235,000. Morgan Stanley raised its stake in shares of Independence Contract Drilling by 2.8% during the second quarter. Morgan Stanley now owns 201,902 shares of the oil and gas company’s stock valued at $867,000 after purchasing an additional 5,514 shares in the last quarter. FMR LLC raised its stake in shares of Independence Contract Drilling by 14.9% during the first quarter. FMR LLC now owns 689,455 shares of the oil and gas company’s stock valued at $1,910,000 after purchasing an additional 89,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Independence Contract Drilling by 30.4% during the second quarter. Geode Capital Management LLC now owns 36,685 shares of the oil and gas company’s stock valued at $157,000 after purchasing an additional 8,547 shares in the last quarter. Institutional investors and hedge funds own 18.97% of the company’s stock.

Independence Contract Drilling Company Profile

Independence Contract Drilling, Inc engages in the provision of land-based contract drilling services for oil and natural gas producers. It develops and assembles the sharedriller series rig design. Its series are AC programmable and, energy efficient BiFuel. The company was founded by Philip A. Choyce and Byron A.

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Insider Buying and Selling by Quarter for Independence Contract Drilling (NYSE:ICD)

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