Insider Trading at Hercules Offshore, Inc. (HERO): Thomas Bates Buys 20,000 Shares

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Hercules Offshore, Inc. (NASDAQ:HERO) Director, Thomas Bates, purchased 20,000 shares of Common Stock, Par Value $0.01 Per Share yesterday. The stock was bought directly for a price of $3.18 per share. This is the insider’s third stock acquisition of the fiscal year so far, as he had bought 20,000 shares for $3.93 per share back in June. Following the most recent purchase Bates now owns a total of 300,000 company shares.

The $520.1 million market cap provider of shallow-water drilling and marine services has seen many of its insider’s trade stock this quarter. The most recent stock sale was reported two weeks ago at the hand of Executive Vice President, William James Noe, who unloaded 75,000 shares of Common Stock, Par Value $0.01 Per Share for $3.58 per share. Furthermore, at the end of June, Steven Webster, Director at Hercules Offshore, reported several stock purchases. The insider bought 100,000 shares of Common Stock, Par Value $0.01 Per Share, paying a price of $4.03 for each share.

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