Driehaus Capital Management LLC Takes $9.55 Million Position in BKV Corporation (NYSE:BKV)

Driehaus Capital Management LLC purchased a new position in BKV Corporation (NYSE:BKV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 401,728 shares of the company's stock, valued at approximately $9,553,000. Driehaus Capital Management LLC owned about 0.47% of BKV as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new position in shares of BKV in the 4th quarter valued at $7,728,000. Bank of New York Mellon Corp acquired a new position in shares of BKV in the 4th quarter valued at $695,000. SG Americas Securities LLC acquired a new position in shares of BKV in the 4th quarter valued at $157,000. Finally, Corebridge Financial Inc. acquired a new position in shares of BKV in the 4th quarter valued at $170,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BKV. Barclays lifted their target price on shares of BKV from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial lowered their price objective on shares of BKV from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, KeyCorp decreased their target price on shares of BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, BKV presently has an average rating of "Buy" and a consensus target price of $27.88.

Insider Activity at BKV

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total value of $316,050.00. Following the sale, the insider now directly owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David Tameron sold 5,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $20.03, for a total value of $100,150.00. Following the completion of the sale, the chief financial officer now owns 47,779 shares in the company, valued at $957,013.37. The trade was a 9.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,675 shares of company stock valued at $2,389,090.

BKV Stock Up 0.5%

NYSE BKV traded up $0.12 on Thursday, reaching $22.75. The company had a trading volume of 133,225 shares, compared to its average volume of 460,775. BKV Corporation has a 1 year low of $15.00 and a 1 year high of $26.78. The firm has a 50-day moving average of $19.00 and a 200-day moving average of $21.18.

BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.26. The company had revenue of $216.13 million during the quarter, compared to analysts' expectations of $223.20 million. As a group, sell-side analysts predict that BKV Corporation will post -1.82 EPS for the current fiscal year.

BKV Profile

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas.