Financial Group Lp Manchester Sells 1,890,547 Shares of Geopark Ltd. (GPRK) Stock
Geopark Ltd. (NYSE:GPRK) major shareholder Financial Group Lp Manchester sold 1,890,547 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $4.62, for a total transaction of $8,734,327.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Geopark Ltd. (NYSE:GPRK) opened at 4.395 on Wednesday. The company has a 50-day moving average of $4.28 and a 200-day moving average of $3.47. The company’s market cap is $262.05 million. Geopark Ltd. has a one year low of $1.90 and a one year high of $5.42.
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Separately, Zacks Investment Research upgraded shares of Geopark from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Tuesday.
An institutional investor recently bought a new position in Geopark stock. Spark Investment Management LLC bought a new position in shares of Geopark Ltd. (NYSE:GPRK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 64,710 shares of the company’s stock, valued at approximately $214,000. Spark Investment Management LLC owned about 0.11% of Geopark as of its most recent SEC filing. 36.10% of the stock is owned by institutional investors.
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