Independence Contract Drilling, Inc. (NYSE:ICD) is at least 10.23% than its current record low price of $1.76. There was a 6.01% gain on 6/4/2019 that led the price to move at $1.94. At a recent session, the prices were hovering between $1.76 and $2.06. This company shares are 183.51% off its target price of $5.5 and the current market capitalization stands at $154.97M. The recent change has given its price a -29.37% deficit over SMA 50 and -61.58% deficit over its 52-week high. The stock witnessed -31.21% declines, -38.8% declines and -40.67% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ICD’s volatility during a week at 9.06% and during a month it has been found around 5.86%.

Independence Contract Drilling, Inc. (ICD) Top Holders

Institutional investors currently hold around $108 million or 82.2% in ICD stock. Look at its top three institutional owners: Msd Partners, L.P. owns $34.45 million in Independence Contract Drilling, Inc., which represents roughly 22.23% of the company’s market cap and approximately 31.9% of the institutional ownership. Similar statistics are true for the second largest owner, Msd Capital L P, which owns 4,471,800 shares of the stock are valued at $8.18 million. The third largest holder is Birch Grove Capital Lp, which currently holds $7.78 million worth of this stock and that ownership represents nearly 5.02% of its market capitalization.

Independence Contract Drilling, Inc. 13F Filings

At the end of March reporting period, 41 institutional holders increased their position in Independence Contract Drilling, Inc. (NYSE:ICD) by some 7,742,875 shares, 26 decreased positions by 3,133,603 and 27 held positions by 48,079,491. That puts total institutional holdings at 58,955,969 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 5,655,220 shares while 8 institutional investors sold out their entire positions totaling 356,116 shares.

Independence Contract Drilling, Inc. (NYSE:ICD) Insider Trades

Multiple company employees have indulged in significant insider trading. Independence Contract Drilling, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director, 10% Owner MSD Credit Opportunity Master has acquired 10,000 shares of Independence Contract Drilling, Inc. (ICD) in the trading session dated May. 28, 2019. These shares are worth $25,200 and were traded at $2.52 each. The SEC filing shows that MSD Credit Opportunity Master performed a purchase of 3,300 shares. The Director, 10% Owner added these shares by way of transaction on May. 09, 2019. The company’s shares were assimilated at $2.65 per share worth to an investment of some $8,745 to the account of MSD Credit Opportunity Master.

Director, 10% Owner, MSD Credit Opportunity Master, purchased 6,000 common shares of Independence Contract Drilling, Inc. (ICD) in the open market. In a transaction dated Mar. 25, 2019, the shares were bought at an average price of $2.75, giving away a sum of $16,500. After this purchase, 18,825,212 common shares of ICD are directly owned by the insider, with total stake valued at $36,520,911.

In the transaction dated Mar. 15, 2019, a great number of shares acquired came courtesy the Director, 10% Owner; MSD Credit Opportunity Master added a total of 9,888 shares at an average price of $2.86, amounting to approximately $28,280. The insider now directly owns 18,819,212 shares worth $36,509,271.

Independence Contract Drilling, Inc. (ICD) Analyst Guide

Several analysts have released their opinion on Independence Contract Drilling, Inc. (NYSE:ICD), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.12 average brokerage recommendation [T1].