Algert Global LLC Acquires 18,573 Shares of Riley Exploration Permian, Inc. (NYSE:REPX)

Algert Global LLC boosted its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 112.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,067 shares of the company's stock after purchasing an additional 18,573 shares during the quarter. Algert Global LLC owned about 0.16% of Riley Exploration Permian worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in Riley Exploration Permian by 167.2% in the third quarter. Barclays PLC now owns 17,574 shares of the company's stock valued at $464,000 after buying an additional 10,997 shares during the period. Hamilton Lane Advisors LLC acquired a new position in Riley Exploration Permian during the 4th quarter worth approximately $254,000. SG Americas Securities LLC raised its stake in shares of Riley Exploration Permian by 24.7% during the 4th quarter. SG Americas Securities LLC now owns 5,100 shares of the company's stock worth $163,000 after purchasing an additional 1,010 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Riley Exploration Permian in the fourth quarter valued at approximately $874,000. Finally, Toth Financial Advisory Corp acquired a new stake in Riley Exploration Permian during the fourth quarter worth approximately $115,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Riley Exploration Permian news, insider Corey Neil Riley sold 3,500 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.34, for a total transaction of $95,690.00. Following the sale, the insider now owns 125,974 shares of the company's stock, valued at approximately $3,444,129.16. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $27.92, for a total transaction of $418,800.00. Following the transaction, the chief executive officer now owns 424,636 shares of the company's stock, valued at $11,855,837.12. This trade represents a 3.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,477 shares of company stock worth $688,839. 4.70% of the stock is currently owned by company insiders.

Riley Exploration Permian Stock Performance

NYSE:REPX traded down $0.91 during mid-day trading on Wednesday, reaching $28.56. 64,273 shares of the company's stock were exchanged, compared to its average volume of 109,877. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55. The business's fifty day simple moving average is $26.82 and its two-hundred day simple moving average is $30.70. The firm has a market capitalization of $628.98 million, a PE ratio of 5.06 and a beta of 1.56.

Riley Exploration Permian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a yield of 5.32%. Riley Exploration Permian's dividend payout ratio (DPR) is presently 32.48%.

Riley Exploration Permian Company Profile

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.