Alpine Partners VI LLC purchased a new stake in shares of GulfMark Offshore Inc. (NYSE:GLF) during the second quarter, Holdings Channel reports. The fund purchased 51,745 shares of the company’s stock, valued at approximately $162,000.
Several other institutional investors have also recently modified their holdings of the stock. Emerald Acquisition Ltd. bought a new stake in GulfMark Offshore during the second quarter valued at $383,000. California Public Employees Retirement System raised its stake in GulfMark Offshore by 16.9% in the second quarter. California Public Employees Retirement System now owns 373,900 shares of the company’s stock valued at $1,170,000 after buying an additional 54,000 shares in the last quarter. Laurion Capital Management LP bought a new stake in GulfMark Offshore during the second quarter valued at $165,000. JPMorgan Chase & Co. raised its stake in GulfMark Offshore by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 1,259,539 shares of the company’s stock valued at $7,771,000 after buying an additional 38,250 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in GulfMark Offshore during the second quarter valued at $100,000. Institutional investors own 76.78% of the company’s stock.
Shares of GulfMark Offshore Inc. (NYSE:GLF) opened at 1.76 on Friday. The stock has a 50 day moving average price of $2.06 and a 200 day moving average price of $3.69. GulfMark Offshore Inc. has a 12 month low of $1.46 and a 12 month high of $8.85. The firm’s market cap is $47.23 million.
GulfMark Offshore (NYSE:GLF) last announced its earnings results on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, hitting the consensus estimate of ($0.57). The business had revenue of $30.50 million for the quarter, compared to the consensus estimate of $31.91 million. GulfMark Offshore had a negative return on equity of 7.75% and a negative net margin of 188.68%. GulfMark Offshore’s revenue was down 59.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, equities research analysts expect that GulfMark Offshore Inc. will post ($2.48) EPS for the current year.
Several research firms have recently weighed in on GLF. Zacks Investment Research lowered GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Morgan Stanley reduced their price objective on GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating for the company in a research note on Thursday, July 28th.
About GulfMark Offshore
GulfMark Offshore, Inc provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas.
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