Here’s Who Just Picked Up Gastar Exploration Inc. (NYSEMKT:GST) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Pluristem Therapeutics PSTI Collaboration
Guess Who Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC...
True Nature Holding Inc. (OTCMKTS:TNTY) is Attractin...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gastar Exploration Inc. (NYSEMKT:GST) reported that Ares Management Llc. has picked up 10,302,272 of common stock as of 2017-03-23.

The acquisition brings the aggregate amount owned by Ares Management Llc. to a total of 10,302,272 representing a 5.5% stake in the company.

For those not familiar with the company, Gastar Exploration Inc. is an independent energy company engaged in the exploration, development and production of oil, condensate, natural gas and natural gas liquids in the United States.  Gastar’s principal assets are in Oklahoma, referred to as its Mid-Continent area, where it is developing the primarily oil-bearing reservoirs of the Hunton Limestone horizontal play and testing the Meramec Shale/Middle Mississippi Lime formation.  Gastar believes its Mid-Continent acreage is prospective for the Meramec Shale/Mississippi Lime formation, the Woodford Shale and the Osage and Oswego formations, which Gastar collectively refers to as the Mid-Continent STACK Play.

A glance at Gastar Exploration Inc. (NYSEMKT:GST)’s key stats reveals a current market capitalization of 251.27 Million based on 186.12 Million shares outstanding and a price at last close of $1.39 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-01-14, Global picked up 500,000 at a purchase price of $1.21. This brings their total holding to 10,149,519 as of the date of the filing.

On the sell side, the most recent transaction saw Global unload 1,500,000 shares at a sale price of $0.91. This brings their total holding to 8,500,000.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Gastar Exploration Inc. (NYSEMKT:GST) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

Stay in the lopp :

TMC Stock Price is consolidated and ready for...

TMC the metals company TMC Stock Price has been trying to recover since it’s July high of almost $11. Lately, it has been

Sunesis Pharmaceuticals Inc. (NASDAQ:SNSS) Is...
Palo Alto has been busy in the healthcare sector over the last couple of days. Here's a look at the fund's second healthcare filing of
Guess Who Just Picked Up Hc2 Holdings Inc. (N...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hc2 Holdings Inc. (NYSEMKT:HCHC) reported that Falcone Philip has picked

related post

Skip to content