Global Alpha Capital Management Ltd. Acquires 29,631 Shares of Gulfport Energy Corporation $GPOR

Global Alpha Capital Management Ltd. lifted its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 18.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 191,991 shares of the company’s stock after buying an additional 29,631 shares during the quarter. Gulfport Energy accounts for about 2.4% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 14th largest holding. Global Alpha Capital Management Ltd.’s holdings in Gulfport Energy were worth $39,932,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Gulfport Energy during the 3rd quarter valued at $28,000. Allworth Financial LP grew its holdings in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Gulfport Energy during the 3rd quarter valued at $148,000.

Insider Buying and Selling at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

GPOR has been the topic of several recent research reports. Bank of America increased their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. JPMorgan Chase & Co. increased their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Finally, UBS Group cut their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus price target of $230.22.

Gulfport Energy Trading Down 1.6%

Shares of GPOR opened at $168.27 on Friday. The firm’s 50-day moving average price is $188.62 and its 200-day moving average price is $197.29. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 5.75 and a beta of 0.41. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a 1-year low of $160.95 and a 1-year high of $225.78.

Gulfport Energy Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.