Insider Buying: ENGlobal Corp (ENG) CEO Buys 15,000 Shares of Stock

ENGlobal Corp (NASDAQ:ENG) CEO William A. Coskey acquired 15,000 shares of ENGlobal stock in a transaction on Wednesday, December 5th. The shares were purchased at an average cost of $0.80 per share, for a total transaction of $12,000.00. Following the acquisition, the chief executive officer now owns 100 shares in the company, valued at approximately $80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ENGlobal Corp (NASDAQ:ENG) traded up $0.01 during trading hours on Wednesday, reaching $0.82. The company’s stock had a trading volume of 35,793 shares, compared to its average volume of 37,723. ENGlobal Corp has a 12-month low of $0.73 and a 12-month high of $3.10. The firm has a market cap of $23.11, a P/E ratio of -1.62 and a beta of 1.28.

ENGlobal (NASDAQ:ENG) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported ($0.03) earnings per share for the quarter. ENGlobal had a negative net margin of 25.75% and a negative return on equity of 9.47%.

An institutional investor recently raised its position in ENGlobal stock. Northern Trust Corp grew its stake in ENGlobal Corp (NASDAQ:ENG) by 810.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 361,782 shares of the construction company’s stock after purchasing an additional 322,038 shares during the quarter. Northern Trust Corp owned about 1.33% of ENGlobal worth $467,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.62% of the company’s stock.

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ENGlobal Company Profile

ENGlobal Corporation is engaged in providing engineering and professional services to the energy industry. The Company operates through two segments: Engineering, Procurement and Construction Management (EPCM), and Automation. The EPCM segment provides services relating to the development, management and execution of projects requiring professional engineering and related project services to the energy industry throughout the United States.

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