Parkwood LLC cut its stake in shares of Goodrich Petroleum Corp (NYSEAMERICAN:GDP) by 69.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,648 shares of the company’s stock after selling 86,311 shares during the period. Parkwood LLC’s holdings in Goodrich Petroleum were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Spark Investment Management LLC purchased a new stake in Goodrich Petroleum during the 1st quarter valued at approximately $109,000. ZPR Investment Management purchased a new stake in Goodrich Petroleum during the 1st quarter valued at approximately $150,000. Schwab Charles Investment Management Inc. purchased a new stake in Goodrich Petroleum during the 2nd quarter valued at approximately $205,000. Bank of New York Mellon Corp purchased a new stake in Goodrich Petroleum during the 2nd quarter valued at approximately $232,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Goodrich Petroleum during the 2nd quarter valued at approximately $272,000.

Separately, Robert W. Baird set a $18.00 price objective on Goodrich Petroleum and gave the company a “buy” rating in a research note on Tuesday, May 1st.

GDP opened at $12.96 on Tuesday. Goodrich Petroleum Corp has a 52 week low of $8.20 and a 52 week high of $15.75.

Goodrich Petroleum Profile

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.

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Institutional Ownership by Quarter for Goodrich Petroleum (NYSEAMERICAN:GDP)

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