Insider Purchase at SAExploration Holdings, Inc. (SAEX): John Pecora Buys 56,720 Shares


John Pecora, one of SAExploration Holdings, Inc. (NASDAQ:SAEX)’s largest shareholders, bought a bulk of 56,720 shares of Common Stock. The insider purchased the stock in a two day transaction that commenced on Tuesday with 6,297 shares, bought for a weighted average price of $8.33 per share. Yesterday, Pecora acquired 50,423 shares of Common Stock, paying a price of $8.26 per share. This has been the only insider at the $127.3 million market cap enterprise to buy stock for the fiscal year so far, and he has made regular monthly transactions for the entire last quarter. After his latest stock acquisition, Pecora now holds a total of 1,878,020 company shares to his name.

Furthermore, this quarter also showed several new shareholding positions amongst hedge funds, such as Israel Englander’s Millennium Management, which recently acquired 171,052 shares, worth $1.6 million. However, the top shareholding position is still held by Glg Partners, founded by Noam Gottesman, which owns 418,662 shares, with a value of $3.9 million.

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