GulfMark Offshore Inc. (GLF) Stake Held by OLD National Bancorp IN
OLD National Bancorp IN continued to hold its position in GulfMark Offshore Inc. (NYSE:GLF) during the second quarter, Holdings Channel reports. The institutional investor owned 54,800 shares of the company’s stock at the end of the second quarter. OLD National Bancorp IN owned approximately 0.20% of GulfMark Offshore worth $172,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in GLF. LMR Partners LLP bought a new position in GulfMark Offshore during the second quarter worth about $100,000. Kalos Management Inc. increased its position in GulfMark Offshore by 96.1% in the second quarter. Kalos Management Inc. now owns 35,133 shares of the company’s stock worth $110,000 after buying an additional 17,217 shares during the last quarter. Prudential Financial Inc. increased its position in GulfMark Offshore by 3.3% in the first quarter. Prudential Financial Inc. now owns 60,042 shares of the company’s stock worth $370,000 after buying an additional 1,900 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in GulfMark Offshore during the second quarter worth about $383,000. Finally, Ameriprise Financial Inc. increased its position in GulfMark Offshore by 3.2% in the second quarter. Ameriprise Financial Inc. now owns 125,726 shares of the company’s stock worth $393,000 after buying an additional 3,850 shares during the last quarter. 76.78% of the stock is owned by institutional investors.
Shares of GulfMark Offshore Inc. (NYSE:GLF) traded down 4.595% during midday trading on Tuesday, reaching $1.765. 250,536 shares of the company’s stock were exchanged. The company’s market cap is $47.37 million. The stock’s 50 day moving average price is $2.44 and its 200 day moving average price is $4.11. GulfMark Offshore Inc. has a 12-month low of $1.72 and a 12-month high of $8.92.
GulfMark Offshore (NYSE:GLF) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, hitting analysts’ consensus estimates of ($0.57). GulfMark Offshore had a negative net margin of 188.68% and a negative return on equity of 7.75%. The business earned $30.50 million during the quarter, compared to analysts’ expectations of $31.91 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue was down 59.1% on a year-over-year basis. Equities analysts anticipate that GulfMark Offshore Inc. will post ($2.48) earnings per share for the current fiscal year.
GLF has been the subject of a number of research reports. Zacks Investment Research raised shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley decreased their price target on shares of 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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