Informed Momentum Co LLC Makes New Investment 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 purchased a new stake in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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.

Other institutional investors have also recently made changes to their positions in the company. TFG Asset Management GP Ltd boosted 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kolibri Global Energy during the first quarter valued at about $2,125,000. 683 Capital Management LLC bought a new stake in Kolibri Global Energy during the fourth quarter valued at about $364,000. Finally, Millennium Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Kolibri Global Energy Stock Up 0.7%

KGEI stock traded up $0.04 during trading on Friday, reaching $5.69. 88,909 shares of the company traded hands, compared to its average volume of 133,117. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.70 and a current ratio of 0.39. The company has a market capitalization of $201.55 million, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.75 and a beta of 0.05. The business has a 50 day simple moving average of $6.39 and a 200 day simple moving average of $7.01. Kolibri Global Energy Inc. has a 12 month low of $2.85 and a 12 month high of $9.89.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Kolibri Global Energy from a "hold" rating to a "sell" rating in a research report on Saturday.

About Kolibri Global Energy

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.