Informed Momentum Co LLC Takes Position in Kolibri Global Energy Inc. (NASDAQ:KGEI)

Key Points

• Informed Momentum Co LLC purchased 95,547 shares of Kolibri Global Energy Inc. valued at approximately $802,000, indicating increasing institutional interest in the company.
• Other notable investors, including Millennium Management LLC and Connor Clark & Lunn Investment Management Ltd., also adjusted their stakes during recent quarters, highlighting the company’s appeal among institutional investors.
• Kolibri Global Energy reported earnings of $0.08 EPS for the last quarter, meeting analysts' expectations, but fell short on revenue with $11.11 million against estimates of $20.45 million.

Informed Momentum Co LLC acquired a new stake in Kolibri Global Energy Inc. (NASDAQ:KGEI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 95,547 shares of the company's stock, valued at approximately $802,000. Informed Momentum Co LLC owned 0.27% of Kolibri Global Energy at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Millennium Management LLC lifted its position in Kolibri Global Energy by 47.0% during the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company's stock valued at $335,000 after purchasing an additional 20,135 shares during the last quarter. 683 Capital Management LLC bought a new stake in Kolibri Global Energy during the fourth quarter valued at approximately $364,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kolibri Global Energy during the first quarter valued at approximately $2,125,000. Finally, TFG Asset Management GP Ltd lifted its position in Kolibri Global Energy by 37.7% during the fourth quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock valued at $51,815,000 after purchasing an additional 2,669,067 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Kolibri Global Energy Price Performance

Shares of KGEI stock traded up $0.04 during trading hours on Friday, hitting $5.69. 88,909 shares of the company's stock were exchanged, compared to its average volume of 175,357. The company has a market capitalization of $201.54 million, a PE ratio of 10.54, a PEG ratio of 0.75 and a beta of 0.05. Kolibri Global Energy Inc. has a 12-month low of $2.85 and a 12-month high of $9.89. The business's 50 day simple moving average is $6.41 and its 200-day simple moving average is $7.02. The company has a current ratio of 0.39, a quick ratio of 0.70 and a debt-to-equity ratio of 0.15.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $11.11 million for the quarter, compared to the consensus estimate of $20.45 million. Kolibri Global Energy had a net margin of 33.40% and a return on equity of 9.54%. On average, equities research analysts anticipate that Kolibri Global Energy Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Kolibri Global Energy from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.