Mitcham Industries Inc (MIND) Files Form 4 Insider Selling : Capital Management Llc Midwood Sells 178,298 Shares

Mitcham Industries Inc (MIND): Capital Management Llc Midwood , 10% owner of Mitcham Industries Inc sold 178,298 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $3.06 per share for a total value of $544,753.88.

Currently the company Insiders own 15.9% of Mitcham Industries shares according to the proxy statements.Institutional Investors own 62.02% of Mitcham Industries shares.

Shares of Mitcham Industries (MIND) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.62% at $3.23 with 29,017 shares getting traded. Post opening the session at $3.24, the shares hit an intraday low of $3.23 and an intraday high of $3.3499 and the price vacillated in this range throughout the day. The company has a market cap of $39 M and the number of outstanding shares has been calculated to be 1,20,90,476 shares. The 52-week high of Mitcham Industries is $5.46 and the 52-week low is $2.24.

Mitcham Industries Money Flow Index Chart

Mitcham Industries Inc. is engaged in leasing and selling geophysical and other equipment used by seismic data acquisition contractors to perform seismic data acquisition surveys on land in transition zones (marsh and shallow water areas) and deep water marine areas. The Company operates in two business segments: Equipment Leasing and Manufacturing. The Company’s Equipment Leasing segment is engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world. The Company conducts its leasing business through its wholly owned subsidiaries and its branches in Colombia and Peru. Its Manufacturing segment (Seamap Segment) is engaged in the design production and sale of marine seismic equipment. The operations of this segment are conducted through the Company’s wholly owned subsidiaries Seamap (UK) Ltd. and Seamap Pte. Ltd. The Company owns a range of equipment acquired from the seismic manufacturers.

Leave a Reply

Mitcham Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mitcham Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.