GSA Capital Partners LLP Has $1.70 Million Stock Holdings in GeoPark Limited (NYSE:GPRK)

GSA Capital Partners LLP grew its holdings in GeoPark Limited (NYSE:GPRK) by 61.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 216,084 shares of the oil and gas company’s stock after acquiring an additional 82,459 shares during the period. GSA Capital Partners LLP’s holdings in GeoPark were worth $1,701,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in shares of GeoPark by 77.4% in the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock valued at $2,883,000 after buying an additional 159,861 shares in the last quarter. Deltec Asset Management LLC grew its holdings in shares of GeoPark by 997.3% in the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock worth $1,036,000 after purchasing an additional 119,678 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of GeoPark in the 3rd quarter worth about $38,000. Armstrong Fleming & Moore Inc grew its holdings in shares of GeoPark by 2.7% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 4,859 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of GeoPark in the 3rd quarter worth about $320,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GPRK has been the topic of several analyst reports. StockNews.com lowered shares of GeoPark from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th.

GeoPark Stock Up 1.1 %

Shares of NYSE:GPRK opened at $8.20 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. GeoPark Limited has a 12 month low of $7.24 and a 12 month high of $11.25. The firm has a market cap of $419.51 million, a P/E ratio of 4.15 and a beta of 1.31. The company’s 50-day moving average price is $8.03 and its two-hundred day moving average price is $9.27.

GeoPark (NYSE:GPRK) last released its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). GeoPark had a net margin of 14.97% and a return on equity of 57.93%. The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. As a group, research analysts forecast that GeoPark Limited will post 2.95 EPS for the current fiscal year.

GeoPark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a $0.147 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.17%. GeoPark’s dividend payout ratio is 29.95%.

About GeoPark

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.