MacKay Shields Amends Gulfport Energy Stake on Jan 11

TL;DR

**MacKay Shields just updated their Gulfport Energy holdings, signaling ongoing institutional interest.**

AI Summary

MacKay Shields LLC, an investment adviser, filed an amended SC 13G/A on January 11, 2024, indicating a change in its beneficial ownership of Gulfport Energy Corporation's common stock. This filing, an amendment to a previous Schedule 13G, signals that MacKay Shields LLC continues to hold a significant, though potentially altered, passive stake in Gulfport Energy. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future, even if the exact percentage change isn't specified in this excerpt.

Why It Matters

This filing shows that a major institutional investor, MacKay Shields LLC, is actively managing its position in Gulfport Energy, which can impact market perception and trading volume.

Risk Assessment

Risk Level: low — An amended 13G filing is a routine disclosure of ownership changes by a passive investor and typically doesn't indicate immediate high risk.

Analyst Insight

Investors should monitor future 13G/A filings from MacKay Shields LLC to track any significant changes in their ownership percentage, as this could signal a shift in institutional confidence in Gulfport Energy.

Key Numbers

• 0000061227 — MacKay Shields LLC CIK (Unique identifier for MacKay Shields LLC with the SEC)
• 0000874499 — Gulfport Energy Corp CIK (Unique identifier for Gulfport Energy Corp with the SEC)
• 005-51297 — SEC File Number (SEC file number for Gulfport Energy Corp)
• 13-4080466 — MacKay Shields IRS ID (IRS Identification Number for MacKay Shields LLC)
• 402635502 — CUSIP Number (Identifier for Gulfport Energy's Common Stock)

Key Players & Entities

• MacKay Shields LLC (company) — the reporting person and investment adviser
• Gulfport Energy Corporation (company) — the subject company whose common stock is being reported
• 13-4080466 (number) — IRS Identification Number for MacKay Shields LLC
• 402635502 (number) — CUSIP Number for Gulfport Energy Corporation Common Stock
• January 11, 2024 (date) — Date of Event which Requires Filing of this Statement

Forward-Looking Statements

• MacKay Shields LLC will continue to hold a significant, passive stake in Gulfport Energy Corporation. (MacKay Shields LLC) — high confidence, target: Next 12 months

FAQ

Filing Documents

• gpora2_10224.htm (SC 13G/A) — 26KB
• 0001085146-24-000199.txt ( ) — 28KB

(a)

ITEM 1(a). NAME OF ISSUER: Gulfport Energy Corporation

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3001 Quail Springs Parkway Oklahoma City , Oklahoma 73134

(a)

ITEM 2(a). NAME OF PERSON FILING: MacKay Shields LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 1345 Avenue of Americas New York,NY 10105

(c)

ITEM 2(c). CITIZENSHIP: DE (United States)

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: 402635502 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 1,066,363 (b) Percent of class: 5.73% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: MacKay Shields LLC : 1,066,363 (ii) shared power to vote or to direct the vote: MacKay Shields LLC : (iii) sole power to dispose or direct the disposition of: MacKay Shields LLC : 1,066,363 (iv) shared power to dispose or to direct the disposition of: MacKay Shields LLC : ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has cease

View Full Filing

View this SC 13G/A filing on SEC EDGAR