208,600 Shares in Energy XXI Gulf Coast Inc (EGC) Acquired by GSA Capital Partners LLP

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GSA Capital Partners LLP bought a new stake in shares of Energy XXI Gulf Coast Inc (NASDAQ:EGC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 208,600 shares of the oil and gas producer’s stock, valued at approximately $801,000. GSA Capital Partners LLP owned about 0.63% of Energy XXI Gulf Coast at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EGC. BlackRock Inc. acquired a new position in shares of Energy XXI Gulf Coast during the first quarter valued at approximately $5,588,000. South Dakota Investment Council acquired a new position in shares of Energy XXI Gulf Coast during the first quarter valued at approximately $4,888,000. PenderFund Capital Management Ltd. acquired a new position in shares of Energy XXI Gulf Coast during the first quarter valued at approximately $5,306,000. Dupont Capital Management Corp acquired a new position in shares of Energy XXI Gulf Coast during the first quarter valued at approximately $3,389,000. Finally, Northern Trust Corp acquired a new position in shares of Energy XXI Gulf Coast during the first quarter valued at approximately $1,290,000. 68.49% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EGC opened at $9.04 on Friday. Energy XXI Gulf Coast Inc has a one year low of $3.41 and a one year high of $21.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.03.

Energy XXI Gulf Coast (NASDAQ:EGC) last posted its quarterly earnings results on Thursday, May 10th. The oil and gas producer reported ($0.60) EPS for the quarter, beating the consensus estimate of ($1.22) by $0.62. Energy XXI Gulf Coast had a negative return on equity of 50.61% and a negative net margin of 63.63%. The firm had revenue of $122.17 million during the quarter, compared to analysts’ expectations of $115.28 million. sell-side analysts anticipate that Energy XXI Gulf Coast Inc will post -2.41 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Energy XXI Gulf Coast from a “sell” rating to a “hold” rating in a report on Friday, May 11th.

In related news, insider Douglas E. Brooks purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average price of $7.07 per share, with a total value of $70,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tiffany J. Thom bought 9,000 shares of the business’s stock in a transaction on Friday, May 18th. The shares were acquired at an average cost of $7.75 per share, with a total value of $69,750.00. The disclosure for this purchase can be found here. 0.69% of the stock is currently owned by company insiders.

Energy XXI Gulf Coast Profile

Energy XXI Gulf Coast, Inc, an exploration and production company, engages in the acquisition, development, exploitation, and operation of oil and natural gas properties in the United States Gulf Coast region. It primarily operates properties offshore on the Gulf of Mexico Shelf, as well as onshore in Louisiana and Texas.

Institutional Ownership by Quarter for Energy XXI Gulf Coast (NASDAQ:EGC)

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