Will Gulfmark Offshore’s Top Institutional Shareholders Increase Their Holdings After This Upgrade?

In 2012, Gulfmark Offshore’s (NYSE:GLF) shares are down 10.38 percent.The company’s stock had recently been upgraded from a “Holding” rating to a “Buy” by the TheStreet Ratings. Its strengths had been cited as an increase in net income, revenue growth, a solid financial position with reasonable debt levels, good cash flow from operations and earnings per share growth.

Anaysts believe that Gulfmark Offshore’s strengths outweigh its weak stock performance.

With the recent upgrade to its stock rating, will Gulfmark Offshore’s largest shareholders increase their holdings? 142 institutional firms indicated owning shares of Gulfmark Offshore (NYSE:GLF) in Q2 2012. These firms reported owning a total of 22.196 million shares on 06/30/2012. The shares closed at $34.04 on 06/30/2012.

Here are the ten largest positions in Gulfmark Offshore, Inc. at the end of June 30th, 2012.

Lord Abbett & Co. LLC held 2,810,124 shares on 06/30/2012 worth $95,656,624. This brought the portfolio total to 0.22%.

Dimensional Fund Advisors LP held 1,927,554 shares on 06/30/2012 worth $65,613,940. This brought the portfolio total to 0.08%.

Wellington Management Co LLP held 1,822,917 shares on 06/30/2012 worth $62,052,096. This brought the portfolio total to 0.02%.

Vanguard Group Inc held 1,335,561 shares on 06/30/2012 worth $45,462,498. This brought the portfolio total to 0.01%.

Artisan Partners Limited Partnership held 1,068,300 shares on 06/30/2012 worth $36,364,933. This brought the portfolio total to 0.1%.

Whv Investment Management Inc. held 1,004,046 shares on 06/30/2012 worth $34,177,727. This brought the portfolio total to 0.3%.

FMR LLC held 891,250 shares on 06/30/2012 worth $30,338,151. This brought the portfolio total to 0.01%.

Estabrook Capital Management held 780,790 shares on 06/30/2012 worth $26,578,092. This brought the portfolio total to 1.74%.

Northern Trust Corp held 752,729 shares on 06/30/2012 worth $25,622,896. This brought the portfolio total to 0.01%.

Blackrock Institutional Trust Company N.A. held 717,408 shares on 06/30/2012 worth $24,420,569. This brought the portfolio total to 0.01%.

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