2 weeks Ago By Defense World Staff
Rhumbline Advisers reduced its stake in Tellurian Inc. ( NYSEAMERICAN:TELL – Free Report ) by 91.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 76,104 shares of the oil and gas producer’s stock after selling 775,700 shares during the quarter. Rhumbline Advisers’ holdings in Tellurian were worth $53,000 at the end of the most recent reporting period. A number of other institutional investors have also modified their holdings of the stock.
Payden & Rygel Investment Group acquired a new position in shares of Tellurian during the first quarter worth about $26,000. Arkadios Wealth Advisors acquired a new position in Tellurian during the 2nd quarter worth approximately $38,000. Moloney Securities Asset Management LLC purchased a new position in shares of Tellurian during the 1st quarter worth approximately $99,000.
Cedar Wealth Management LLC acquired a new stake in shares of Tellurian in the 1st quarter valued at approximately $121,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Tellurian by 12.4% in the second quarter.
Commonwealth Equity Services LLC now owns 366,020 shares of the oil and gas producer’s stock valued at $254,000 after buying an additional 40,281 shares in the last quarter. Institutional investors and hedge funds own 48.87% of the company’s stock.
Tellurian Stock Performance TELL stock opened at $0.97 on Tuesday. The company has a current ratio of 0.
27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.38.
The business’s 50-day moving average is $0.71. Tellurian Inc.
has a 52 week low of $0.36 and a 52 week high of $1.16.
The stock has a market capitalization of $864.34 million, a P/E ratio of -3.22 and a beta of 2.
56. Insiders Place Their Bets In other news, Director Diana Derycz Kessler sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $0.
95, for a total value of $950,000.00. Following the completion of the transaction, the director now owns 1,050,000 shares in the company, valued at $997,500.
The sale was disclosed in a document filed with the SEC, which is available at this link . 3.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades Separately, B. Riley reiterated a “neutral” rating and issued a $1.00 price objective (down previously from $2.
50) on shares of Tellurian in a research report on Monday, July 22nd. Read Our Latest Stock Report on Tellurian About Tellurian ( Free Report ) Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading.
The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines. Further Reading Five stocks we like better than Tellurian Why Invest in High-Yield Dividend Stocks? TJX Stock: A Buying Opportunity Before the Holiday Rush How is Compound Interest Calculated? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge How to Buy Cheap Stocks Step by Step Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Tellurian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tellurian and related companies with MarketBeat.com's FREE daily email newsletter .
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