SABA CAPITAL MANAGEMENT, L.P. purchased 9.3% of their position (1.37M shares) of PARKER DRILLING CO /DE/ on the open market
Open‑market purchase worth $459.7K — a moderate purchase. The strongest form of insider conviction signal.
P · 2 purchases
Filed: 6/26/2018ACC: 0001510281-18-000039
10% Owner
Since Jun 2018
+1.37M
Net shares
Net buyer
$459.7K
Total acquired
2
Open market trades
2B · 0S
2
Total transactions
1.37M acquired
Non-Derivative Transactions2
Common Stock
Indirect
Shares
+645.81K
Price / share
$0.34
Trade value
$219.58K
% of position
4.4%
6/22/2018
14.83M→15.48M
Common Stock
Indirect
Shares
+727.58K
Price / share
$0.33
Trade value
$240.10K
% of position
4.7%
6/25/2018
15.48M→16.21M
Total
Net shares
+1.37M
Net value
$459.68K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 6/22/2018 | P · Purchase | +645.81K | $0.34 | $219.58K | 4.4% | 14.83M | 15.48M |
| Common Stock Indirect | 6/25/2018 | P · Purchase | +727.58K | $0.33 | $240.10K | 4.7% | 15.48M | 16.21M |
| Total | +1.37M | $459.68K | ||||||
Derivative Transactions0
No derivative transactions reported