Deltec Asset Management LLC Grows Stake in Geopark Ltd $GPRK

Key Points

• Deltec Asset Management LLC increased its stake in Geopark Ltd by 69.8%, now holding approximately 0.30% of the company, valued at $991,000.
• Geopark reported quarterly earnings of $0.27 per share, exceeding the consensus estimate of $0.15, with a revenue of $119.80 million.
• The company has announced a quarterly dividend of $0.147 per share, representing an annualized yield of 9.2%.

Deltec Asset Management LLC grew its holdings in Geopark Ltd (NYSE:GPRK - Free Report) by 69.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 152,000 shares of the oil and gas company's stock after acquiring an additional 62,500 shares during the quarter. Deltec Asset Management LLC owned about 0.30% of Geopark worth $991,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in Geopark during the first quarter worth approximately $27,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Geopark during the 1st quarter worth approximately $99,000. Hsbc Holdings PLC acquired a new stake in shares of Geopark in the 1st quarter valued at approximately $100,000. Northern Trust Corp acquired a new stake in shares of Geopark in the 4th quarter valued at approximately $145,000. Finally, Squarepoint Ops LLC acquired a new position in Geopark during the fourth quarter worth $188,000. 68.21% of the stock is owned by institutional investors and hedge funds.

Geopark Stock Performance

GPRK opened at $6.37 on Wednesday. The firm has a market cap of $326.46 million, a PE ratio of 7.67 and a beta of 0.83. The business has a fifty day simple moving average of $6.49 and a 200-day simple moving average of $6.80. The company has a quick ratio of 2.42, a current ratio of 2.47 and a debt-to-equity ratio of 2.92. Geopark Ltd has a fifty-two week low of $5.66 and a fifty-two week high of $11.72.

Geopark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. Geopark had a return on equity of 35.65% and a net margin of 7.70%.The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $123.00 million. As a group, equities analysts predict that Geopark Ltd will post 1.97 EPS for the current fiscal year.

Geopark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a yield of 9.2%. The ex-dividend date was Tuesday, August 19th. Geopark's dividend payout ratio (DPR) is 71.08%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GPRK shares. Santander began coverage on Geopark in a research report on Friday, August 29th. They issued an "outperform" rating for the company. Wall Street Zen upgraded Geopark from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $11.00.

Geopark Profile

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.

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