Eagle Global Advisors LLC Continues to Hold Position in Gulf Resources, Inc. (GURE)

Eagle Global Advisors LLC maintained its position in Gulf Resources, Inc. (NASDAQ:GURE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,861 shares of the specialty chemicals company’s stock at the end of the second quarter. Eagle Global Advisors LLC owned approximately 0.14% of Gulf Resources worth $105,000 as of its most recent filing with the SEC.

Gulf Resources, Inc. (NASDAQ GURE) traded down 1.79% during trading on Friday, reaching $1.65. The company’s stock had a trading volume of 98,278 shares. The stock’s 50 day moving average is $1.72 and its 200 day moving average is $1.82. Gulf Resources, Inc. has a 12 month low of $1.53 and a 12 month high of $2.75. The company has a market cap of $77.21 million, a price-to-earnings ratio of 2.00 and a beta of 0.51.

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In other news, COO Naihui Miao sold 38,182 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $1.77, for a total transaction of $67,582.14. Following the transaction, the chief operating officer now directly owns 90,575 shares in the company, valued at $160,317.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Xiaobin Liu sold 105,767 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $1.79, for a total transaction of $189,322.93. Following the transaction, the chief executive officer now owns 146,342 shares in the company, valued at $261,952.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,131 shares of company stock worth $306,224. Insiders own 30.10% of the company’s stock.

About Gulf Resources

Gulf Resources, Inc is a holding company. The Company manufactures and trades bromine and crude salt; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics.

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