Insider Purchase at SAExploration Holdings, Inc. (SAEX): John Pecora Buys 20,000 Shares


SAExploration Holdings, Inc. (NASDAQ:SAEX)’s large shareholder John Pecora acquired 20,000 shares of Common Stock, directly, at $8.4 per share on Monday. This purchase is the fifth consecutive transaction of the shareholder this month, and Pecora now owns a total of 1.82 million shares of the $122 million market cap business. His last acquisition was executed merely two weeks ago, when the shareholder bought 24,231 shares of Common Stock at a price of $7.99 per share.

Furthermore, several hedge funds remain confident in their shareholder position at the firm, the fund founded by Noam Gottesman, Glg Partners, holding the largest amount of company shares. The hedge fund owns 418,662 shares, with a value of $3.9 million. This quarter also showed some new hedge fund positions at SAExploration, such as Millennium Management, run by Israel Englander, which acquired 171,052 shares, worth $1.6 million, as well as Cliff Asness’ Aqr Capital Management, which entered a shareholder position by purchasing 54,720 shares, with a value of $513,000.

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