Bryce Point Capital LLC Makes New $907,000 Investment in Gulfport Energy Corporation $GPOR

Bryce Point Capital LLC bought a new position in Gulfport Energy Corporation (NYSE:GPOR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,510 shares of the company’s stock, valued at approximately $907,000. Gulfport Energy comprises about 0.8% of Bryce Point Capital LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in shares of Gulfport Energy by 49.3% in the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after acquiring an additional 186,531 shares during the period. Canoe Financial LP acquired a new stake in shares of Gulfport Energy in the 2nd quarter worth approximately $13,257,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Gulfport Energy by 337.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock worth $12,412,000 after acquiring an additional 47,600 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Gulfport Energy in the 2nd quarter worth approximately $7,487,000. Finally, Congress Asset Management Co. acquired a new stake in shares of Gulfport Energy in the 2nd quarter worth approximately $6,905,000.

Insider Buying and Selling

In related news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares of the company’s stock, valued at $735,692.16. This represents a 12.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Gulfport Energy Price Performance

GPOR stock opened at $194.76 on Tuesday. Gulfport Energy Corporation has a 12 month low of $136.70 and a 12 month high of $210.32. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -27.13 and a beta of 0.62. The company’s 50 day simple moving average is $178.84. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Monday, February 28th. The company reported $0.17 EPS for the quarter. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The business had revenue of $298.62 million during the quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. William Blair assumed coverage on shares of Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, July 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.63.

Gulfport Energy Company Profile

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.