Insider Buying: Gulf Marine Services (LON:GMS) Insider Buys 129,000 Shares of Stock

Key Points

• Mansour Al Alami, an insider at Gulf Marine Services PLC, purchased 129,000 shares at an average price of GBX 16, totaling £20,640 on September 24th.
• The company's stock opened at GBX 16 and has seen a low of GBX 14.15 and a high of GBX 21.95 in the past year, with a market cap of £184.35 million.
• Gulf Marine Services operates a fleet of 13 advanced self-propelled support vessels primarily serving the oil, gas, and renewable energy sectors across multiple regions globally.

Gulf Marine Services PLC (LON:GMS - ) insider Mansour Al Alami bought 129,000 shares of Gulf Marine Services stock in a transaction on Wednesday, September 24th. The shares were acquired at an average cost of GBX 16 per share, for a total transaction of £20,640.

Gulf Marine Services Trading Up 0.8%

GMS opened at GBX 16 on Thursday. Gulf Marine Services PLC has a twelve month low of GBX 14.15 and a twelve month high of GBX 21.95. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 72.38. The company has a fifty day moving average of GBX 18.68 and a 200-day moving average of GBX 18.58. The stock has a market cap of £184.35 million, a PE ratio of 471.98 and a beta of 1.90.

About Gulf Marine Services

Gulf Marine Services PLC was founded in Abu Dhabi in 1977 and has become a world leading provider of advanced self-propelled self-elevating support vessels (SESVs). The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia and Qatar. The Group's assets are capable of serving clients' requirements across the globe, including those in the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico and Europe. The GMS fleet of 13 SESVs is amongst the youngest in the industry, with an average age of eight years.

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