Global Alpha Capital Management Ltd. Has $32.82 Million Stake in Gulfport Energy Corporation $GPOR

Global Alpha Capital Management Ltd. grew its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 4.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 163,160 shares of the company’s stock after purchasing an additional 7,000 shares during the period. Gulfport Energy comprises approximately 2.0% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 23rd biggest position. Global Alpha Capital Management Ltd. owned about 0.92% of Gulfport Energy worth $32,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GPOR. Toth Financial Advisory Corp purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $85,000. Assetmark Inc. lifted its stake in Gulfport Energy by 50.5% during the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after acquiring an additional 168 shares in the last quarter. Strs Ohio bought a new position in Gulfport Energy during the 1st quarter valued at $239,000. Pallas Capital Advisors LLC purchased a new position in Gulfport Energy during the 2nd quarter worth $263,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Gulfport Energy by 7.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after acquiring an additional 119 shares in the last quarter.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the transaction, the director directly owned 4,288 shares of the company’s stock, valued at approximately $735,692.16. This represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $202.27 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -28.17 and a beta of 0.62. Gulfport Energy Corporation has a 52 week low of $151.32 and a 52 week high of $210.32. The stock has a 50-day moving average of $180.81.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The company had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million.

Analyst Ratings Changes

Several analysts have recently commented on GPOR shares. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Evercore ISI reduced their price objective on shares of Gulfport Energy from $193.00 to $190.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Roth Capital started coverage on shares of Gulfport Energy in a research report on Monday, October 13th. They set a “neutral” rating and a $200.00 target price on the stock. William Blair assumed coverage on Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $215.63.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.