Earlier this week MDN told you that two of Gulfport Energy’s major investors were conducting a sale of what amounts to 3.5% of the company’s stock (see 2 Gulfport Energy Shareholders Selling 3.5% of Company Stock). One of the investors selling is Silver Point Capital L.P., which owns some 10% of Gulfport’s stock (and has a seat on the board of directors). We now have more details about the stock sale. Silver Point sold 550,000 of the 653,464 shares on offer. Does the Silver Point sale have significance? Does it signal anything?
Earlier this week MDN told you that two of Gulfport Energy’s major investors were conducting a sale of what amounts to 3.5% of the company’s stock (see 