Geopark Ltd. (GPRK) Major Shareholder Sells $8,734,327.14 in Stock
Geopark Ltd. (NYSE:GPRK) major shareholder Financial Group Lp Manchester sold 1,890,547 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $4.62, for a total value of $8,734,327.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Geopark Ltd. (NYSE:GPRK) traded up 1.27% during mid-day trading on Monday, hitting $4.78. The stock had a trading volume of 26,604 shares. Geopark Ltd. has a 12 month low of $1.90 and a 12 month high of $5.42. The company’s market cap is $285.01 million. The firm’s 50-day moving average is $4.25 and its 200 day moving average is $3.44.
An institutional investor recently bought a new position in Geopark stock. Spark Investment Management LLC purchased a new stake in Geopark Ltd. (NYSE:GPRK) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 64,710 shares of the company’s stock, valued at approximately $214,000. Spark Investment Management LLC owned approximately 0.11% of Geopark as of its most recent SEC filing. 36.10% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded Geopark from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th.
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