2 weeks Ago By ABMN Staff
Bokf Na bought a new position in Genie Energy Ltd. ( NYSE:GNE – Free Report ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,289 shares of the oil and gas producer’s stock, valued at approximately $165,000.
Other hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Genie Energy in the fourth quarter worth $357,000. Janney Montgomery Scott LLC lifted its holdings in shares of Genie Energy by 17.
7% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,053 shares of the oil and gas producer’s stock worth $1,661,000 after buying an additional 8,882 shares in the last quarter. Swiss National Bank purchased a new position in shares of Genie Energy in the fourth quarter worth $1,077,000.
SG Americas Securities LLC lifted its holdings in shares of Genie Energy by 41.9% in the first quarter. SG Americas Securities LLC now owns 10,645 shares of the oil and gas producer’s stock worth $161,000 after buying an additional 3,144 shares in the last quarter.
Finally, Principal Financial Group Inc. purchased a new position in shares of Genie Energy in the first quarter worth $444,000. Hedge funds and other institutional investors own 49.
15% of the company’s stock. Insider Buying and Selling at Genie Energy In other Genie Energy news, Director James A. Courter sold 3,675 shares of the stock in a transaction on Thursday, September 12th.
The shares were sold at an average price of $17.19, for a total transaction of $63,173.25.
Following the completion of the transaction, the director now owns 304,411 shares in the company, valued at $5,232,825.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
In other news, Director James A. Courter sold 3,675 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.
19, for a total value of $63,173.25. Following the sale, the director now owns 304,411 shares of the company’s stock, valued at $5,232,825.
09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CFO Avi Goldin sold 2,300 shares of the stock in a transaction on Wednesday, September 11th.
The shares were sold at an average price of $17.19, for a total transaction of $39,537.00.
Following the completion of the sale, the chief financial officer now directly owns 134,999 shares in the company, valued at approximately $2,320,632.81. The disclosure for this sale can be found here .
16.50% of the stock is owned by company insiders. Analysts Set New Price Targets Check Out Our Latest Stock Report on Genie Energy Genie Energy Stock Up 2.
0 % GNE stock opened at $16.82 on Wednesday. Genie Energy Ltd.
has a 52 week low of $14.00 and a 52 week high of $30.90.
The company has a fifty day simple moving average of $16.41 and a two-hundred day simple moving average of $15.83.
The firm has a market capitalization of $456.21 million, a P/E ratio of 33.63 and a beta of 0.
09. Genie Energy ( NYSE:GNE – Get Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.
37 EPS for the quarter. Genie Energy had a net margin of 1.75% and a return on equity of 23.
30%. The business had revenue of $90.70 million during the quarter.
Genie Energy Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 14th were given a dividend of $0.075 per share.
The ex-dividend date was Wednesday, August 14th. This represents a $0.30 annualized dividend and a yield of 1.
78%. Genie Energy’s dividend payout ratio (DPR) is currently 60.00%.
Genie Energy Company Profile ( Free Report ) Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables.
The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities. Featured Stories Want to see what other hedge funds are holding GNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genie Energy Ltd.
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