Bridgeway Capital Management LLC Purchases 5,270 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Bridgeway Capital Management LLC lifted its holdings in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) by 73.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,449 shares of the oil and natural gas company's stock after acquiring an additional 5,270 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.72% of PrimeEnergy Resources worth $2,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PNRG. Dimensional Fund Advisors LP boosted its position in PrimeEnergy Resources by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,812 shares of the oil and natural gas company's stock valued at $7,865,000 after acquiring an additional 2,753 shares in the last quarter. Invesco Ltd. bought a new stake in shares of PrimeEnergy Resources during the fourth quarter valued at approximately $6,322,000. Northern Trust Corp grew its stake in PrimeEnergy Resources by 4.7% in the fourth quarter. Northern Trust Corp now owns 10,425 shares of the oil and natural gas company's stock worth $2,289,000 after purchasing an additional 464 shares during the period. Empowered Funds LLC raised its holdings in PrimeEnergy Resources by 185.7% in the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company's stock worth $1,780,000 after purchasing an additional 5,270 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in PrimeEnergy Resources by 363.6% during the fourth quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company's stock valued at $1,596,000 after buying an additional 5,702 shares during the period.

Insider Activity

In other news, major shareholder Rothschild Robert De sold 3,904 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.28, for a total transaction of $785,797.12. Following the transaction, the insider now directly owns 237,930 shares of the company's stock, valued at approximately $47,890,550.40. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 61.07% of the company's stock.

PrimeEnergy Resources Stock Down 0.8%

NASDAQ:PNRG traded down $1.49 during mid-day trading on Wednesday, hitting $179.91. 6,055 shares of the company's stock were exchanged, compared to its average volume of 17,050. The business has a fifty day moving average price of $191.54 and a 200 day moving average price of $195.72. PrimeEnergy Resources Co. has a one year low of $100.22 and a one year high of $243.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $300.99 million, a PE ratio of 7.73 and a beta of 0.25.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The oil and natural gas company reported $1.02 earnings per share for the quarter. The company had revenue of $60.53 million for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%.

About PrimeEnergy Resources

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells.