Gulfport Energy Corporation (NASDAQ:GPOR): Are Hedge Funds Right About This Stock?

Gulfport Energy Corporation (NASDAQ:GPOR) has experienced an increase in hedge fund interest in recent months.

In the eyes of most investors, hedge funds are seen as underperforming, outdated investment tools of the past. While there are greater than 8000 funds with their doors open at present, we at Insider Monkey choose to focus on the moguls of this club, about 450 funds. It is estimated that this group controls the majority of the hedge fund industry’s total capital, and by watching their best equity investments, we have revealed a number of investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 25 percentage points in 6.5 month (check out a sample of our picks).

Just as important, positive insider trading activity is another way to parse down the stock market universe. There are a variety of incentives for an insider to sell shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Many empirical studies have demonstrated the useful potential of this method if piggybackers understand where to look (learn more here).

Now, it’s important to take a look at the recent action surrounding Gulfport Energy Corporation (NASDAQ:GPOR).

What does the smart money think about Gulfport Energy Corporation (NASDAQ:GPOR)?

At the end of the fourth quarter, a total of 20 of the hedge funds we track held long positions in this stock, a change of 82% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully.

According to our comprehensive database, Citadel Investment Group, managed by Ken Griffin, holds the biggest position in Gulfport Energy Corporation (NASDAQ:GPOR). Citadel Investment Group has a $108 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Donald Chiboucis of Columbus Circle Investors, with a $72 million position; the fund has 0.6% of its 13F portfolio invested in the stock. Other hedge funds with similar optimism include Israel Englander’s Millennium Management, Charles Clough’s Clough Capital Partners and Richard Driehaus’s Driehaus Capital.

Consequently, key hedge funds have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, initiated the most valuable position in Gulfport Energy Corporation (NASDAQ:GPOR). Citadel Investment Group had 108 million invested in the company at the end of the quarter. Charles Clough’s Clough Capital Partners also initiated a $20 million position during the quarter. The following funds were also among the new gpor investors: Sean Cullinan’s Point State Capital, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners, and Charles Davidson’s Wexford Capital.

Insider trading activity in Gulfport Energy Corporation (NASDAQ:GPOR)

Insider buying is particularly usable when the company we’re looking at has experienced transactions within the past half-year. Over the last 180-day time period, Gulfport Energy Corporation (NASDAQ:GPOR) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

With the returns exhibited by our strategies, everyday investors must always pay attention to hedge fund and insider trading activity, and Gulfport Energy Corporation (NASDAQ:GPOR) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!