Finance

Analyzing the Insider Data for Gulfport Energy Corporation (GPOR)

Recent insider trends for Gulfport Energy Corporation (NASDAQ:GPOR) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how GPOR might perform in the future.

Institutions own 87.50% of Gulfport Energy Corporation (GPOR)’s shares. The total value of these holdings, in millions, is $2,207. Among active positions in the latest quarter, 171 holders increased their positions by a total of 36.34 million shares, 116 holders decreased the positions by a total of 35 million shares, and 21 holders held their positions. This works out to a net increase in ownership of 1.33 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 40 holders initiated new positions by a total of 15.94 million shares and 48 holders exited their positions by a total of 16.09 million shares. This nets out to a decrease of 146056 shares and is another bearish sign for GPOR.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 5488 shares, which suggests that GPOR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 10 buys and 1 sells, and ownership decreased by a net of 4.12 million shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Gulfport Energy Corporation (NASDAQ:GPOR)’s short interest is 7.67 million shares, or 6.13% of the float. This represents a decrease of -8% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that GPOR is a sell, which implies that GPOR is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Gulfport Energy Corporation (NASDAQ:GPOR) is overvalued.

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