Geopark Ltd. (GPRK) Major Shareholder Financial Group Lp Manchester Sells 1,890,547 Shares of Stock
Geopark Ltd. (NYSE:GPRK) major shareholder Financial Group Lp Manchester sold 1,890,547 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $4.62, for a total value of $8,734,327.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Geopark Ltd. (NYSE:GPRK) opened at 4.73 on Tuesday. The company’s market cap is $282.03 million. The firm’s 50-day moving average price is $4.28 and its 200-day moving average price is $3.47. Geopark Ltd. has a 52-week low of $1.90 and a 52-week high of $5.42.
Separately, Zacks Investment Research cut Geopark from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th.
An institutional investor recently bought a new position in Geopark stock. Spark Investment Management LLC purchased a new position in shares of Geopark Ltd. (NYSE:GPRK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,710 shares of the company’s stock, valued at approximately $214,000. Spark Investment Management LLC owned about 0.11% of Geopark at the end of the most recent reporting period. 36.10% of the stock is owned by hedge funds and other institutional investors.
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