Perritt Capital Management Inc. Purchases 9,805 Shares of Goodrich Petroleum Corp (NYSEAMERICAN:GDP)

Perritt Capital Management Inc. boosted its position in shares of Goodrich Petroleum Corp (NYSEAMERICAN:GDP) by 54.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,949 shares of the company’s stock after purchasing an additional 9,805 shares during the period. Perritt Capital Management Inc. owned about 0.23% of Goodrich Petroleum worth $363,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in Goodrich Petroleum by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 114,500 shares of the company’s stock worth $1,487,000 after acquiring an additional 7,900 shares in the last quarter. Northern Trust Corp grew its stake in Goodrich Petroleum by 1.9% in the 2nd quarter. Northern Trust Corp now owns 94,276 shares of the company’s stock worth $1,224,000 after acquiring an additional 1,759 shares in the last quarter. Spark Investment Management LLC grew its stake in Goodrich Petroleum by 86.5% in the 1st quarter. Spark Investment Management LLC now owns 40,702 shares of the company’s stock worth $553,000 after acquiring an additional 18,880 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Goodrich Petroleum by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,967 shares of the company’s stock worth $351,000 after acquiring an additional 1,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Goodrich Petroleum by 11.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,898 shares of the company’s stock worth $285,000 after acquiring an additional 2,229 shares in the last quarter.

A number of brokerages have commented on GDP. Alembic Global Advisors restated a “buy” rating on shares of Goodrich Petroleum in a research note on Monday, June 17th. Northland Securities began coverage on shares of Goodrich Petroleum in a research note on Sunday, September 1st. They issued a “buy” rating and a $13.00 target price on the stock. TheStreet downgraded shares of Goodrich Petroleum from a “b” rating to a “c” rating in a research note on Monday, June 17th. Finally, B. Riley began coverage on shares of Goodrich Petroleum in a research note on Monday, May 20th. They issued a “buy” rating and a $15.50 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $14.25.

GDP stock traded up $0.25 during trading on Thursday, reaching $11.40. 23,536 shares of the stock were exchanged, compared to its average volume of 19,863. Goodrich Petroleum Corp has a 1 year low of $9.23 and a 1 year high of $15.50.

Goodrich Petroleum (NYSEAMERICAN:GDP) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $31.88 million during the quarter, compared to analysts’ expectations of $34.46 million.

Goodrich Petroleum Company Profile

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.

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Institutional Ownership by Quarter for Goodrich Petroleum (NYSEAMERICAN:GDP)

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